Company Registration No. 07582547 (England and Wales)
Fusion Entrance Systems Ltd
Unaudited accounts
for the year ended 31 March 2025
Fusion Entrance Systems Ltd
Unaudited accounts
Contents
Fusion Entrance Systems Ltd
Company Information
for the year ended 31 March 2025
Company Number
07582547 (England and Wales)
Registered Office
17 Gresley Avenue
Horwich
Bolton
Lancashire
BL6 5TQ
England
Accountants
Invictus Accountancy Services Limited
1 Stable Court Business Centre
Water Lane Farm Tarbock Green
Liverpool
Merseyside
L35 1RD
Fusion Entrance Systems Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
17,421
23,197
Cash at bank and in hand
18,624
14,885
Creditors: amounts falling due within one year
(47,992)
(62,757)
Net current assets
10,032
8,192
Total assets less current liabilities
27,453
31,389
Creditors: amounts falling due after more than one year
(2,815)
(11,957)
Called up share capital
2
2
Profit and loss account
24,636
19,430
Shareholders' funds
24,638
19,432
For the year ending 31 March 2025 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 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 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 and authorised for issue on 7 July 2025 and were signed on its behalf by
Mr J McLaren
Director
Company Registration No. 07582547
Fusion Entrance Systems Ltd
Notes to the Accounts
for the year ended 31 March 2025
Fusion Entrance Systems Ltd is a private company, limited by shares, registered in England and Wales, registration number 07582547. The registered office is 17 Gresley Avenue, Horwich, Bolton, Lancashire, BL6 5TQ, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on reducing balance
Computer equipment
15% on reducing balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Fusion Entrance Systems Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
95,074
2,166
97,240
At 31 March 2025
95,074
2,166
97,240
At 1 April 2024
72,115
1,928
74,043
Charge for the year
5,740
36
5,776
At 31 March 2025
77,855
1,964
79,819
At 31 March 2025
17,219
202
17,421
At 31 March 2024
22,959
238
23,197
Amounts falling due within one year
Trade debtors
17,740
33,035
Accrued income and prepayments
13,912
71
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
2,296
-
Obligations under finance leases and hire purchase contracts
1,822
1,147
Taxes and social security
8,205
10,053
Loans from directors
33,427
50,467
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
2,815
4,690
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Fusion Entrance Systems Ltd
Notes to the Accounts
for the year ended 31 March 2025
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).