Central Fusion Limited - Filleted accounts

Registered number

NI641970

Central Fusion Limited

Filleted Accounts

30 November 2024

Central Fusion Limited
Registered number:		NI641970
Balance Sheet
as at 30 November 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	4		938,311			834,089

Current assets
Stocks		309,886			69,968
Debtors	5	7,521,263			9,654,822
Cash at bank and in hand		169,853			159,985
		8,001,002			9,884,775

Creditors: amounts falling due within one year	6	(3,442,637)			(2,794,635)

Net current assets			4,558,365			7,090,140

Total assets less current liabilities			5,496,676			7,924,229

Creditors: amounts falling due after more than one year	7		(2,348,500)			(5,591,813)


Net assets			3,148,176			2,332,416

Capital and reserves
Called up share capital			200			200
Profit and loss account			3,147,976			2,332,216

Shareholders' funds			3,148,176			2,332,416

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



Niall Moen
Director
Approved by the board on 18 September 2025

Central Fusion Limited
Notes to the Accounts
for the year ended 30 November 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			6		41


3	Intangible fixed assets					£

	Cost
	At 1 December 2023					1,291,270
	At 30 November 2024					1,291,270

	Amortisation
	At 1 December 2023					1,291,270
	At 30 November 2024					1,291,270

	Net book value
	At 30 November 2024					-

	Intangible fixed assets are being written off in equal annual instalments over their estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 December 2023	3,780,448		684,533		4,464,981
	Additions	354,681		-		354,681
	At 30 November 2024	4,135,129		684,533		4,819,662

	Depreciation
	At 1 December 2023	2,972,492		658,400		3,630,892
	Charge for the year	241,192		9,267		250,459
	At 30 November 2024	3,213,684		667,667		3,881,351

	Net book value
	At 30 November 2024	921,445		16,866		938,311
	At 30 November 2023	807,956		26,133		834,089


5	Debtors			2024		2023
£					£

	Trade debtors			645,529		980,490
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			4,466,964		6,200,002
	Other debtors			2,408,770		2,474,330
				7,521,263		9,654,822


6	Creditors: amounts falling due within one year			2024		2023
£					£

	Trade creditors			2,626,717		1,289,948
	Taxation and social security costs			194,083		238,796
	Other creditors			621,837		1,265,891
				3,442,637		2,794,635


7	Creditors: amounts falling due after one year			2024		2023
£					£

	Bank loans			481,992		5,211,291
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			1,866,508		380,522
				2,348,500		5,591,813


8	Other information

	Central Fusion Limited is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
	Innovation Centre, Queens Road
	Belfast
	BT3 9DT