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Company Registration No. 04186319 (England and Wales)
Fusion Software Limited Unaudited accounts for the year ended 31 December 2024
Fusion Software Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Fusion Software Limited Company Information for the year ended 31 December 2024
Directors
Simon Philip Neve Isobel Victoria Neve
Company Number
04186319 (England and Wales)
Registered Office
5 Pear Tree Close Arborfield Green Reading Berkshire RG2 9GQ England
Accountants
Redwood Accountants 26 Martingale Grove Arborfield Green Reading Berkshire RG2 9HD
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Fusion Software Limited Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
1,992
3,216
Investments
5
100,000
100,000
101,992
103,216
Current assets
Debtors
6
8,400
27,730
Cash at bank and in hand
52,911
40,472
61,311
68,202
Creditors: amounts falling due within one year
7
(118,343)
(17,686)
Net current (liabilities)/assets
(57,032)
50,516
Net assets
44,960
153,732
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
43,960
152,732
Shareholders' funds
44,960
153,732
For the year ending 31 December 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2025 and were signed on its behalf by
Simon Philip Neve Director Company Registration No. 04186319
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Fusion Software Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Fusion Software Limited is a private company, limited by shares, registered in England and Wales, registration number 04186319. The registered office is 5 Pear Tree Close, Arborfield Green, Reading, Berkshire, RG2 9GQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3 Years Straight Line
Fixtures & fittings
10 Years Straight Line
Computer equipment
3 Years Straight Line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2024
28,763
7,972
36,735
At 31 December 2024
28,763
7,972
36,735
Depreciation
At 1 January 2024
28,763
4,756
33,519
Charge for the year
-
1,224
1,224
At 31 December 2024
28,763
5,980
34,743
Net book value
At 31 December 2024
-
1,992
1,992
At 31 December 2023
-
3,216
3,216
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Fusion Software Limited Notes to the Accounts for the year ended 31 December 2024
5
Investments
Other investments
£
Valuation at 1 January 2024
100,000
Valuation at 31 December 2024
100,000
6
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
8,400
10,200
Other debtors
-
17,530
8,400
27,730
7
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
1,176
(2,420)
Trade creditors
-
2,400
Other creditors
1,287
20
Loans from directors
98,154
1,935
Accruals
550
1,510
Deferred income
17,176
14,241
118,343
17,686
8
Contingent liabilities
The company is a member of A.D R&D LLP and is liable to contribute to the assets of the LLP in the event of a winding up before 1 November 2020. The maximum amount in relation to this undertaking is £304,439. The company does not believe that a winding up of the LLP is probable and has not made provision for the liability at 31 December 2024.
9
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Simon Philip Neve
Directors Loan
(1,934)
30,793
127,013
(98,154)
(1,934)
30,793
127,013
(98,154)
Loans are provided interest free with no set repayment terms.
10
Average number of employees
During the year the average number of employees was 0 (2023: 2).
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