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REGISTERED NUMBER: 06405194 (England and Wales)















FUSION INDUSTRIAL LIMITED

Unaudited Financial Statements for the Year Ended 31 October 2024






FUSION INDUSTRIAL LIMITED (REGISTERED NUMBER: 06405194)






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


FUSION INDUSTRIAL LIMITED

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr T S Holmes
Mr P S Warner





REGISTERED OFFICE: Collier Close
Brownhills
Walsall
West Midlands
WS8 7EU





REGISTERED NUMBER: 06405194 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

FUSION INDUSTRIAL LIMITED (REGISTERED NUMBER: 06405194)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 227,391 170,232

CURRENT ASSETS
Debtors 5 268,528 441,368
Cash at bank and in hand 235,640 157,296
504,168 598,664
CREDITORS
Amounts falling due within one year 6 257,322 322,120
NET CURRENT ASSETS 246,846 276,544
TOTAL ASSETS LESS CURRENT
LIABILITIES

474,237

446,776

CREDITORS
Amounts falling due after more than one year 7 (177,177 ) (165,005 )

PROVISIONS FOR LIABILITIES (24,547 ) (16,344 )
NET ASSETS 272,513 265,427

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 272,411 265,325
272,513 265,427

FUSION INDUSTRIAL LIMITED (REGISTERED NUMBER: 06405194)

Balance Sheet - continued
31 October 2024


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.

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 22 July 2025 and were signed on its behalf by:





Mr P S Warner - Director


FUSION INDUSTRIAL LIMITED (REGISTERED NUMBER: 06405194)

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

1. STATUTORY INFORMATION

Fusion Industrial 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

FUSION INDUSTRIAL LIMITED (REGISTERED NUMBER: 06405194)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2023 53,557 6,745 235,109 295,411
Additions - 1,346 105,079 106,425
At 31 October 2024 53,557 8,091 340,188 401,836
DEPRECIATION
At 1 November 2023 46,547 5,979 72,653 125,179
Charge for year 1,753 365 47,148 49,266
At 31 October 2024 48,300 6,344 119,801 174,445
NET BOOK VALUE
At 31 October 2024 5,257 1,747 220,387 227,391
At 31 October 2023 7,010 766 162,456 170,232

The net book value of tangible fixed assets includes £ 213,333 (2023 - £ 152,926 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 161,473 388,754
Amounts owed by group undertakings 102,447 -
Other debtors 4,608 52,614
268,528 441,368

FUSION INDUSTRIAL LIMITED (REGISTERED NUMBER: 06405194)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 22,020 21,765
Hire purchase contracts 34,854 17,117
Trade creditors 187,667 223,889
Amounts owed to group undertakings 1,843 1,090
Taxation and social security (13,004 ) 42,786
Other creditors 23,942 15,473
257,322 322,120

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 34,355 56,375
Hire purchase contracts 142,822 108,630
177,177 165,005

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 22,020 21,765

Amounts falling due between one and two years:
Bank loans - 1-2 years 34,355 22,020

Amounts falling due between two and five years:
Bank loans - 2-5 years - 34,355

FUSION INDUSTRIAL LIMITED (REGISTERED NUMBER: 06405194)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 56,375 78,140
Hire purchase contracts 177,676 125,747
234,051 203,887

The bank loan are secured by a debenture over the companies assets.

The hire purchase liability is secured against the asset to which the finance relates.