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REGISTERED NUMBER: 07651442 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Shopfusion Ltd

Shopfusion Ltd (Registered number: 07651442)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Shopfusion Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: A Ng
W Henbury





REGISTERED OFFICE: Unit 1
Garrard Way
Telford Way Industrial Estate
Kettering
Northamptonshire
NN16 8TD





REGISTERED NUMBER: 07651442 (England and Wales)





ACCOUNTANTS: Kempton Accountancy Services Limited
31 Lake Drive
Weldon
Northamptonshire
NN17 3FE

Shopfusion Ltd (Registered number: 07651442)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,668 10,895

CURRENT ASSETS
Stocks 5 210,605 293,094
Debtors 6 61,146 20,618
Cash at bank and in hand 7,430 18,681
279,181 332,393
CREDITORS
Amounts falling due within one year 7 202,607 259,220
NET CURRENT ASSETS 76,574 73,173
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,242

84,068

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 93,742 83,568
SHAREHOLDERS' FUNDS 94,242 84,068

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Shopfusion Ltd (Registered number: 07651442)

Balance Sheet - continued
31 October 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 6 March 2025 and were signed on its behalf by:




A Ng - Director



W Henbury - Director


Shopfusion Ltd (Registered number: 07651442)

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

1. STATUTORY INFORMATION

Shopfusion 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Shopfusion Ltd (Registered number: 07651442)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 11,119 15,106 2,000 3,231 31,456
Additions 11,250 - - - 11,250
At 31 October 2024 22,369 15,106 2,000 3,231 42,706
DEPRECIATION
At 1 November 2023 5,425 10,497 2,000 2,639 20,561
Charge for year 3,438 921 - 118 4,477
At 31 October 2024 8,863 11,418 2,000 2,757 25,038
NET BOOK VALUE
At 31 October 2024 13,506 3,688 - 474 17,668
At 31 October 2023 5,694 4,609 - 592 10,895

5. STOCKS
31.10.24 31.10.23
£    £   
Stocks 210,605 293,094

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 55,283 20,618
VAT 5,863 -
61,146 20,618

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other loans - 28,201
Trade creditors 1 -
Social security and other taxes 219 125
VAT - 9,155
Directors' current accounts 200,587 220,039
Accruals and deferred income 1,800 1,700
202,607 259,220

Shopfusion Ltd (Registered number: 07651442)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the Directors of the company, Mr A Ng and Mr W Henbury, operated a director's current account with the company. At the year end there was a credit balance on the account of Mr A Ng £197,492 and Mr W Henbury £3,094.


The director's current account is interest free, unsecured and repayable upon demand. There have been various transactions with the director during the year in the form of a directors current account. Information disclosed is therefore given in an aggregated form.

Shopfusion Ltd

Report of the Accountants to the Directors of
Shopfusion Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Kempton Accountancy Services Limited
31 Lake Drive
Weldon
Northamptonshire
NN17 3FE


6 March 2025