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REGISTERED NUMBER: 10792171 (England and Wales)















Fusion Martial Arts Centre Limited

Unaudited Financial Statements for the Year Ended 31 May 2024






Fusion Martial Arts Centre Limited (Registered number: 10792171)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Fusion Martial Arts Centre Limited

Company Information
for the Year Ended 31 May 2024







Directors: Nicholas Wayne Guy
Helen Knappett





Registered office: Floor 2
Black Dyke Mills Brighouse Road
Queensbury
Bradford
West Yorkshire
BD13 1QA





Registered number: 10792171 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Fusion Martial Arts Centre Limited (Registered number: 10792171)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 16,000 16,000
Tangible assets 5 1,119 1,488
17,119 17,488

Current assets
Stocks 7,000 7,000
Debtors 6 8,894 18,350
Cash at bank 4,195 3,909
20,089 29,259
Creditors
Amounts falling due within one year 7 19,218 23,759
Net current assets 871 5,500
Total assets less current liabilities 17,990 22,988

Provisions for liabilities 8 212 283
Net assets 17,778 22,705

Capital and reserves
Called up share capital 9 100 100
Retained earnings 17,678 22,605
Shareholders' funds 17,778 22,705

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Martial Arts Centre Limited (Registered number: 10792171)

Statement of Financial Position - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:





Nicholas Wayne Guy - Director


Fusion Martial Arts Centre Limited (Registered number: 10792171)

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

1. Statutory information

Fusion Martial Arts Centre Limited 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 in respect of martial arts training and tuition services rendered.

Goodwill
Amortisation of goodwill has not been provided for by the company as in the opinion of the director has an indefinite useful economic life. The accounting policy departs from the usual requirements of FRS 102 to amortise goodwill over a finite period. The effect of this departure is that the amortisation as required by the requirements of FRS 102 has not been accounted for. If amortisation had been accounted for the charge for the year would have amounted to £1,600 and the profit for the year reduced accordingly.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks
Stocks are measured at estimated cost.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.


Fusion Martial Arts Centre Limited (Registered number: 10792171)

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

2. Accounting policies - continued
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 June 2023
and 31 May 2024 16,000
Net book value
At 31 May 2024 16,000
At 31 May 2023 16,000

Fusion Martial Arts Centre Limited (Registered number: 10792171)

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

5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 June 2023
and 31 May 2024 4,759 599 5,358
Depreciation
At 1 June 2023 3,510 360 3,870
Charge for year 249 120 369
At 31 May 2024 3,759 480 4,239
Net book value
At 31 May 2024 1,000 119 1,119
At 31 May 2023 1,249 239 1,488

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 8,894 18,350

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 1,950 1,881
Taxation and social security - 128
Other creditors 17,268 21,750
19,218 23,759

8. Provisions for liabilities
2024 2023
£    £   
Deferred tax 212 283

Fusion Martial Arts Centre Limited (Registered number: 10792171)

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

8. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 June 2023 283
Credit to Statement of Income and Retained Earnings during year (71 )
Balance at 31 May 2024 212

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares 1 100 100

10. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Nicholas Wayne Guy and Helen Knappett
Balance outstanding at start of year 16,350 14,982
Amounts advanced 12,759 29,086
Amounts repaid (21,780 ) (27,718 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,329 16,350