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REGISTERED NUMBER: 11872147 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Fusion Biomass Ltd

Fusion Biomass Ltd (Registered number: 11872147)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fusion Biomass Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: N Sturgess
L Ripper





REGISTERED OFFICE: 1Post Office House
184 Bridge Road
Southampton
Hampshire
SO31 7ED





REGISTERED NUMBER: 11872147 (England and Wales)





ACCOUNTANTS: PD Accountancy Services Ltd
1 Post Office House
184 Bridge Road
Sarisbury Green
Southampton
Hampshire
SO31 7ED

Fusion Biomass Ltd (Registered number: 11872147)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 194,953 245,075

CURRENT ASSETS
Debtors 5 61,532 72,303
Cash at bank 30,833 33,483
92,365 105,786
CREDITORS
Amounts falling due within one year 6 174,631 228,810
NET CURRENT LIABILITIES (82,266 ) (123,024 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,687

122,051

CREDITORS
Amounts falling due after more than one
year

7

12,579

22,354
NET ASSETS 100,108 99,697

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 100,008 99,597
SHAREHOLDERS' FUNDS 100,108 99,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Fusion Biomass Ltd (Registered number: 11872147)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





N Sturgess - Director


Fusion Biomass Ltd (Registered number: 11872147)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Fusion Biomass Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Fusion Biomass Ltd (Registered number: 11872147)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Long Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 34,251 166,465 115,722 316,438
Additions - 8,149 37,834 45,983
Disposals - - (85,134 ) (85,134 )
At 31 March 2024 34,251 174,614 68,422 277,287
DEPRECIATION
At 1 April 2023 - 48,348 23,015 71,363
Charge for year - 17,940 16,270 34,210
Eliminated on disposal - - (23,239 ) (23,239 )
At 31 March 2024 - 66,288 16,046 82,334
NET BOOK VALUE
At 31 March 2024 34,251 108,326 52,376 194,953
At 31 March 2023 34,251 118,117 92,707 245,075

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts recoverable on contract 46,000 42,374
VAT - 1,882
Deferred tax asset 14,118 28,047
Prepayments 1,414 -
61,532 72,303

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,721 10,970
VAT 5,118 -
Other creditors 10,000 10,000
Directors' current accounts 148,067 207,115
Accrued expenses 725 725
174,631 228,810

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 12,579 22,354

8. ULTIMATE CONTROLLING PARTY

The controlling party is N Sturgess.