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Registered number: 14384821
Fusion Ventures Group Ltd
Unaudited Financial Statements
For the Period 1 October 2023 to 31 January 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14384821
31 January 2025 30 September 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 139,050 139,050
139,050 139,050
CURRENT ASSETS
Debtors 5 120,501 115,141
Cash at bank and in hand 19,095 340,000
139,596 455,141
Creditors: Amounts Falling Due Within One Year 6 (29,290 ) (139,650 )
NET CURRENT ASSETS (LIABILITIES) 110,306 315,491
TOTAL ASSETS LESS CURRENT LIABILITIES 249,356 454,541
NET ASSETS 249,356 454,541
CAPITAL AND RESERVES
Called up share capital 7 165 110
Profit and Loss Account 249,191 454,431
SHAREHOLDERS' FUNDS 249,356 454,541
For the period ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
K Selcuk
Director
23/07/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Fusion Ventures Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14384821 . The registered office is Unit 7, Easter Court, Europa Boulevard, Warrington, WA5 7ZB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Significant judgements and estimations
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
There have been no judgements, estimates or assumptions made in the preparation of these financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 3 (2023: 2)
3 2
4. Investments
Other
£
Cost
As at 1 October 2023 139,050
As at 31 January 2025 139,050
Provision
As at 1 October 2023 -
As at 31 January 2025 -
Net Book Value
As at 31 January 2025 139,050
As at 1 October 2023 139,050
Page 2
Page 3
5. Debtors
31 January 2025 30 September 2023
£ £
Due within one year
Directors' loan accounts 120,501 -
Amounts owed by subsidiaries - 115,141
120,501 115,141
6. Creditors: Amounts Falling Due Within One Year
31 January 2025 30 September 2023
£ £
Accruals and deferred income 720 600
Amounts owed to subsidiaries 28,570 139,050
29,290 139,650
7. Share Capital
31 January 2025 30 September 2023
£ £
Allotted, Called up and fully paid 165 110
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr Peter Dutton - 55,726 - - 55,726
Mr Can Selcuk - 64,775 - - 64,775
The above loan is unsecured, repayable on demand and interest has been charged at 2.25%.
Page 3