Company Registration No. 8085291 (England and Wales)
Fusian Limited
Unaudited accounts
for the year ended 31 December 2024
Fusian Limited
Unaudited accounts
Contents
Fusian Limited
Company Information
for the year ended 31 December 2024
Directors
William Yen
Helen Yen
Company Number
8085291 (England and Wales)
Registered Office
Unit 7 Phoenix Trade Park
Ealing Road
Brentford
TW8 9PL
Accountants
'Evolve Accounting and Tax Solutions Ltd'
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
Fusian Limited
Statement of financial position
as at 31 December 2024
Tangible assets
97,160
40,414
Inventories
861,848
550,020
Debtors
1,329,765
1,675,526
Cash at bank and in hand
235,231
50,260
Creditors: amounts falling due within one year
(1,658,671)
(1,402,817)
Net current assets
768,173
872,989
Total assets less current liabilities
865,333
913,403
Creditors: amounts falling due after more than one year
(292,094)
(416,623)
Net assets
573,239
496,780
Called up share capital
2
2
Profit and loss account
573,237
496,778
Shareholders' funds
573,239
496,780
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by
William Yen
Director
Company Registration No. 8085291
Fusian Limited
Notes to the Accounts
for the year ended 31 December 2024
Fusian Limited is a private company, limited by shares, registered in England and Wales, registration number 8085291. The registered office is Unit 7 Phoenix Trade Park, Ealing Road, Brentford, TW8 9PL.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Fusian Limited
Notes to the Accounts
for the year ended 31 December 2024
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
44,355
58,170
1,005
103,530
Additions
68,110
18,087
-
86,197
At 31 December 2024
112,465
76,257
1,005
189,727
At 1 January 2024
34,773
27,840
503
63,116
Charge for the year
17,786
11,414
251
29,451
At 31 December 2024
52,559
39,254
754
92,567
At 31 December 2024
59,906
37,003
251
97,160
At 31 December 2023
9,582
30,330
502
40,414
Amounts falling due within one year
Trade debtors
739,309
833,178
Amounts due from group undertakings etc.
446,991
779,791
Accrued income and prepayments
83,128
42,057
Other debtors
60,337
20,500
Fusian Limited
Notes to the Accounts
for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
298,448
293,263
Trade creditors
1,301,663
839,063
Taxes and social security
6,947
21,449
Loans from directors
-
7,494
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
292,094
416,623
Included within creditors amounts due falling after one year is £106,696 (2023: £138,841) from a SSAS retirement benefit scheme which has a floating charge over the company's assets. Interest is being charged at 7% and is due to be repaid in full by September 2028
The Company is a 100% subsidiary of Fusian Corporation Limited whose registered office is Unit 7 Phoenix Trade Park, Ealing Road, Brentford, TW8 9PL
9
Average number of employees
During the year the average number of employees was 11 (2023: 11).