Acorah Software Products - Accounts Production 16.8.200 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 06085236 Mr Jonathan Graham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06085236 2024-03-31 06085236 2025-03-31 06085236 2024-04-01 2025-03-31 06085236 frs-core:CurrentFinancialInstruments 2025-03-31 06085236 frs-core:Non-currentFinancialInstruments 2025-03-31 06085236 frs-core:ComputerEquipment 2025-03-31 06085236 frs-core:ComputerEquipment 2024-04-01 2025-03-31 06085236 frs-core:ComputerEquipment 2024-03-31 06085236 frs-core:FurnitureFittings 2025-03-31 06085236 frs-core:FurnitureFittings 2024-04-01 2025-03-31 06085236 frs-core:FurnitureFittings 2024-03-31 06085236 frs-core:MotorVehicles 2025-03-31 06085236 frs-core:MotorVehicles 2024-04-01 2025-03-31 06085236 frs-core:MotorVehicles 2024-03-31 06085236 frs-core:PlantMachinery 2025-03-31 06085236 frs-core:PlantMachinery 2024-04-01 2025-03-31 06085236 frs-core:PlantMachinery 2024-03-31 06085236 frs-core:ShareCapital 2025-03-31 06085236 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 06085236 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06085236 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 06085236 frs-bus:SmallEntities 2024-04-01 2025-03-31 06085236 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 06085236 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06085236 frs-bus:Director1 2024-04-01 2025-03-31 06085236 frs-bus:Director1 2024-03-31 06085236 frs-bus:Director1 2025-03-31 06085236 frs-countries:EnglandWales 2024-04-01 2025-03-31 06085236 2023-03-31 06085236 2024-03-31 06085236 2023-04-01 2024-03-31 06085236 frs-core:CurrentFinancialInstruments 2024-03-31 06085236 frs-core:Non-currentFinancialInstruments 2024-03-31 06085236 frs-core:ShareCapital 2024-03-31 06085236 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 06085236
Fusion Network Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Burrow & Crowe Accountants & Business Advisers Ltd
Pegholme, Bays 61-65
Wharfebank Mills, Ilkley Road
Otley
LS21 3JP
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06085236
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 42,333 49,953
42,333 49,953
CURRENT ASSETS
Debtors 4 123,362 127,309
Cash at bank and in hand 16,639 57,767
140,001 185,076
Creditors: Amounts Falling Due Within One Year 5 (89,703 ) (113,993 )
NET CURRENT ASSETS (LIABILITIES) 50,298 71,083
TOTAL ASSETS LESS CURRENT LIABILITIES 92,631 121,036
Creditors: Amounts Falling Due After More Than One Year 6 (15,329 ) (31,086 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,583 ) (9,491 )
NET ASSETS 66,719 80,459
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 66,717 80,457
SHAREHOLDERS' FUNDS 66,719 80,459
Page 1
Page 2
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 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 Jonathan Graham
Director
18/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. 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:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
1.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2024: 1)
1 1
Page 3
Page 4
3. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 12,615 47,731 13,284 60,021 133,651
Additions 751 684 250 4,791 6,476
As at 31 March 2025 13,366 48,415 13,534 64,812 140,127
Depreciation
As at 1 April 2024 2,067 11,540 11,109 58,982 83,698
Provided during the period 2,823 9,070 595 1,608 14,096
As at 31 March 2025 4,890 20,610 11,704 60,590 97,794
Net Book Value
As at 31 March 2025 8,476 27,805 1,830 4,222 42,333
As at 1 April 2024 10,548 36,191 2,175 1,039 49,953
4. Debtors
2025 2024
£ £
Due within one year
Trade debtors 20,743 28,345
Prepayments and accrued income 1,664 -
Other debtors 609 -
Director's loan account 30,618 32,050
Amounts owed by group undertakings 62,961 60,147
116,595 120,542
Due after more than one year
Corporation tax recoverable assets 6,767 6,767
6,767 6,767
123,362 127,309
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 42,318 74,393
Bank loans and overdrafts 15,758 18,621
Corporation tax 9,377 17,381
VAT 3,676 1,432
Other creditors 12,247 -
Accruals and deferred income 6,327 2,166
89,703 113,993
Page 4
Page 5
6. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 15,329 31,086
15,329 31,086
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Jonathan Graham 32,050 - 1,432 - 30,618
The above loan is unsecured, interest charged as per HMRC and repayable on demand.
9. General Information
Fusion Network Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06085236 . The registered office is 54 Back Lane, Guiseley, Leeds, West Yorkshire, LS20 8EB.
Page 5