REGISTERED NUMBER: 04848438 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Fusion Resources Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss T S Atkinson

Miss C L Atkinson

SECRETARY:

Miss T S Atkinson

REGISTERED OFFICE:

21 Alma Square

Scarborough

North Yorkshire

YO11 1JR

REGISTERED NUMBER:

04848438 (England and Wales)

ACCOUNTANTS:

Edward Milnes & Co

Woodend

The Crescent

Scarborough

North Yorkshire

YO11 2PW

FIXED ASSETS

Tangible assets

4

18,605

12,429

CURRENT ASSETS

Debtors

5

708,136

445,346

Cash at bank

150,955

102,451

859,091

547,797

CREDITORS

Amounts falling due within one year

6

617,640

323,873

NET CURRENT ASSETS

241,451

223,924

TOTAL ASSETS LESS CURRENT LIABILITIES

260,056

236,353

CREDITORS

Amounts falling due after more than one year

7

-

(6,667

)

PROVISIONS FOR LIABILITIES

(4,651

)

(3,107

)

NET ASSETS

255,405

226,579

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

254,405

225,579

SHAREHOLDERS' FUNDS

255,405

226,579

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

Miss T S Atkinson - Director

Miss C L Atkinson - Director

1.	STATUTORY INFORMATION

Fusion Resources Ltd 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.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Office equipment

-

33% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 147 (2024 - 122 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Office

fittings

equipment

Totals

£

£

£

COST

At 1 August 2024

17,434

19,794

37,228

Additions

6,979

2,252

9,231

At 31 July 2025

24,413

22,046

46,459

DEPRECIATION

At 1 August 2024

10,899

13,900

24,799

Charge for year

879

2,176

3,055

At 31 July 2025

11,778

16,076

27,854

NET BOOK VALUE

At 31 July 2025

12,635

5,970

18,605

At 31 July 2024

6,535

5,894

12,429

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

491,487

323,717

Amounts owed by associates

54,543

504

Other debtors

54,679

32,148

Directors' current accounts

81,283

72,822

Tax

24,346

13,413

Prepayments

1,798

2,742

708,136

445,346

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

6,667

8,000

Trade creditors

148,060

29,546

Tax

42,606

36,427

Social security and other taxes

52,829

32,271

VAT

225,549

137,841

Other creditors

10,303

12,231

Directors' current accounts

5,000

2,500

Accrued expenses

126,626

65,057

617,640

323,873

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans - 1-2 years

-

6,667

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.7.24

£

£

Debt factor current account

145,036

23,466

The debt factor current account is secured by way of a fixed charge over the company's assets.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2025 and 31 July 2024:

31.7.25

31.7.24

£

£

Miss T S Atkinson

Balance outstanding at start of year

72,822

40,427

Amounts advanced

100,220

127,682

Amounts repaid

(91,759

)

(95,287

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

81,283

72,822

Miss C L Atkinson

Balance outstanding at start of year

-

-

Amounts advanced

500

683

Amounts repaid

(500

)

(683

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Interest was charged on all balances in excess of £10,000 at the following rates:

1 August 2024 to 5 April 2025 - 2.25%

5 April 2025 to 31 July 2025 - 3.75%

This equated to £2,522 (2024 - £1,808).

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £100,000 (2024 - £105,000) were paid to the directors .

The company leases business premises from Fusion Group Properties Ltd, a company under the control of Miss T S Atkinson, on normal commercial terms. The rental charge included within the profit and loss account is £16,800 (2024 - £16,800).

The company operates a loan account with Fusion Group Properties Ltd. The movements during the year were as follows:

£

Balance at 1 August 2024

504

Advances

56,039

Repayments

(2,000

)

Balance at 31 July 2025

54,543

11.	CONTROLLING PARTY

The controlling party is Miss T S Atkinson.