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COMPANY REGISTRATION NUMBER: 07824499
FUSION FACADES LIMITED
Filleted Unaudited Financial Statements
31 March 2025
FUSION FACADES LIMITED
Financial Statements
Year ended 31st March 2025
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
FUSION FACADES LIMITED
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
5
14,915
10,906
Current assets
Stocks
93,112
270,525
Debtors
6
241,277
153,849
Cash at bank and in hand
43,503
58,087
---------
---------
377,892
482,461
Creditors: amounts falling due within one year
7
312,922
349,948
---------
---------
Net current assets
64,970
132,513
--------
---------
Total assets less current liabilities
79,885
143,419
Creditors: amounts falling due after more than one year
8
2,651
81,301
--------
---------
Net assets
77,234
62,118
--------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
77,233
62,117
--------
--------
Shareholders funds
77,234
62,118
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
FUSION FACADES LIMITED
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 7 August 2025 , and are signed on behalf of the board by:
K.J. Hanson
M.J. McKee
Director
Director
Company registration number: 07824499
FUSION FACADES LIMITED
Notes to the Financial Statements
Year ended 31st March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Healey Works, Shawclough Trading Estate, Shawclough Road, Rochdale, OL12 6ND.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and Machinery
-
15% reducing balance
Office Equipment
-
15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2024: 7 ).
5. Tangible assets
Plant and machinery
Office Equipment
Total
£
£
£
Cost
At 1st April 2024
12,867
262
13,129
Additions
6,103
6,103
--------
----
--------
At 31st March 2025
18,970
262
19,232
--------
----
--------
Depreciation
At 1st April 2024
2,021
202
2,223
Charge for the year
2,085
9
2,094
--------
----
--------
At 31st March 2025
4,106
211
4,317
--------
----
--------
Carrying amount
At 31st March 2025
14,864
51
14,915
--------
----
--------
At 31st March 2024
10,846
60
10,906
--------
----
--------
6. Debtors
2025
2024
£
£
Trade debtors
229,980
141,699
Other debtors
11,297
12,150
---------
---------
241,277
153,849
---------
---------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
43,344
41,410
Trade creditors
265,494
304,584
Other creditors
4,084
3,954
---------
---------
312,922
349,948
---------
---------
8. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
2,651
81,301
-------
--------
9. Controlling party
The company is a wholly owned subsidiary of Guttermaster Limited a company incorporated in England and Wales.