Thusion Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 05678022

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,472		6,270

			4,472		6,270
CURRENT ASSETS
Debtors	5	-		5,312
Cash at bank and in hand		6,769		7,052

		6,769		12,364
Creditors: Amounts Falling Due Within One Year	6	(20,948 )		(20,448 )

NET CURRENT ASSETS (LIABILITIES)			(14,179 )		(8,084 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(9,707 )		(1,814 )

NET LIABILITIES			(9,707 )		(1,814 )

CAPITAL AND RESERVES
Called up share capital	7		4		4
Profit and Loss Account			(9,711 )		(1,818 )

SHAREHOLDERS' FUNDS			(9,707)		(1,814)

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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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

Mr Steven Gosling

Director

15/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Thusion Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05678022 . The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN.

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. 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.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

20% &30 % SLM

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	8,068

As at 31 December 2024	8,068

Depreciation
As at 1 January 2024	1,798
Provided during the period	1,798

As at 31 December 2024	3,596

Net Book Value
As at 31 December 2024	4,472

As at 1 January 2024	6,270

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	-	5,312

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Thusion Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	13,842	12,946
Other taxes and social security	80	80
VAT	3,703	3,256
Net wages	-	1,047
Other creditors	171	171
Accruals and deferred income	960	480
Director's loan account	2,192	2,468

	20,948	20,448

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	4	4

8. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Steven Gosling	(2,468 )	(724 )	1,000	-	(2,191 )

The above loan is unsecured, interest free and repayable on demand.

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