REGISTERED NUMBER: 04608759 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Fusion Welding And Fabrication Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R A Figgures

SECRETARY:

J Figgures

REGISTERED OFFICE:

2 School Close

North Street

Pennington

Lymington

Hampshire

SO41 8FZ

REGISTERED NUMBER:

04608759 (England and Wales)

ACCOUNTANTS:

Springtide Accountancy Limited

Chartered Accountants

20 Greenmead Avenue

Everton

Lymington

Hampshire

SO41 0UF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

129,311

156,086

129,311

156,086

CURRENT ASSETS

Stocks

615

2,365

Debtors

6

49,031

16,417

Cash at bank

37,605

13,169

87,251

31,951

CREDITORS

Amounts falling due within one year

7

93,105

69,836

NET CURRENT LIABILITIES

(5,854

)

(37,885

)

TOTAL ASSETS LESS CURRENT LIABILITIES

123,457

118,201

CREDITORS

Amounts falling due after more than one year

8

-

(14,253

)

PROVISIONS FOR LIABILITIES

(4,073

)

(8,224

)

NET ASSETS

119,384

95,724

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

119,284

95,624

SHAREHOLDERS' FUNDS

119,384

95,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

R A Figgures - Director

1.	STATUTORY INFORMATION

Fusion Welding And Fabrication Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

32,499

AMORTISATION

At 1 January 2024

and 31 December 2024

32,499

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

124,601

139,333

263,934

Disposals

-

(27,917

)

(27,917

)

At 31 December 2024

124,601

111,416

236,017

DEPRECIATION

At 1 January 2024

12,800

95,048

107,848

Charge for year

-

5,837

5,837

Eliminated on disposal

-

(6,979

)

(6,979

)

At 31 December 2024

12,800

93,906

106,706

NET BOOK VALUE

At 31 December 2024

111,801

17,510

129,311

At 31 December 2023

111,801

44,285

156,086

Included in cost of land and buildings is freehold land of £ 111,801 (2023 - £ 111,801 ) which is not depreciated.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

45,835

13,506

Other debtors

3,196

2,911

49,031

16,417

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

14,334

9,914

Trade creditors

3,991

3,471

Taxation and social security

48,075

14,999

Other creditors

26,705

41,452

93,105

69,836

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

-

14,253

9.	RELATED PARTY DISCLOSURES

Dividends paid to the director and family members £60000 (2023: £60000)

10.	ULTIMATE CONTROLLING PARTY

The controlling party is R A Figgures.