Registered number: 12182703 | ||||||||
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FOR THE YEAR ENDED 31 AUGUST 2021 | ||||||||
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Prepared By: | ||||||||
Simon Porter FCA | ||||||||
120 Woodcote Road | ||||||||
Caversham | ||||||||
Reading | ||||||||
RG4 7EZ |
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Fusion 3PL Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 AUGUST 2021 | ||||||||
DIRECTORS | ||||||||
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REGISTERED OFFICE | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 12182703 | ||||||||
ACCOUNTANTS | ||||||||
Simon Porter FCA | ||||||||
120 Woodcote Road | ||||||||
Caversham | ||||||||
Reading | ||||||||
RG4 7EZ |
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Fusion 3PL Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 AUGUST 2021 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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Fusion 3PL Ltd | ||||||||
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BALANCE SHEET AT
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2021 | 2020 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 |
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CURRENT ASSETS | ||||||||||
Stock |
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Debtors | 5 |
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Cash at bank and in hand |
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2,180,688 | 1,838,171 | |||||||||
CREDITORS: Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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122,021 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: Amounts falling due after more than one year | 7 | 96,982 | - | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 |
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NET ASSETS |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 |
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Profit and loss account | 596,753 | 255,085 | ||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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Fusion 3PL Ltd | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 AUGUST 2021 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting FRS 1021 a | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . | ||||||||
The main trading address of the company is Block 7, Vestry Road, Sevenoaks TN14 5EL. |
1b. Depreciation | ||||||||
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Long Leasehold Properties | 15% | |||||||
Plant and Machinery | 25% | |||||||
Motor Vehicles | 25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1e. Leases | ||||||||
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term. |
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Fusion 3PL Ltd | ||||||||
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2. EMPLOYEES | ||||||
2021 | 2020 | |||||
No. | No. | |||||
Average number of employees |
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76 | ||||
3. TANGIBLE FIXED ASSETS | ||||||||
Long Leasehold | Plant and | Motor | Totals | |||||
Properties | Machinery | Vehicles | ||||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 1 September 2020 | 66,648 | 121,027 | 10,977 | 198,652 | ||||
Additions | 33,113 | 135,362 | 80,112 | 248,587 | ||||
At 31 August 2021 | 99,761 | 256,389 | 91,089 | 447,239 | ||||
Depreciation | ||||||||
At 1 September 2020 | 17,939 | 16,638 | 1,593 | 36,170 | ||||
For the year | 25,525 | 48,046 | 11,089 | 84,660 | ||||
At 31 August 2021 | 43,464 | 64,684 | 12,682 | 120,830 | ||||
Net Book Amounts | ||||||||
At 31 August 2021 | 56,297 |
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326,409 | ||||
At 31 August 2020 | 48,709 |
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162,482 | ||||
4. STOCK | 2021 | 2020 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock |
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5. DEBTORS | 2021 | 2020 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 1,341,728 | 1,388,940 | ||||||
Other debtors | 322,417 | 277,466 | ||||||
1,664,145 | 1,666,406 | |||||||
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Fusion 3PL Ltd | ||||||||
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6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2021 | 2020 | |||||||
£ | £ | |||||||
Other taxation and social security | 348,219 | 378,227 | ||||||
Directors current account | 12,000 | 42,000 | ||||||
Loans | 223,393 | 233,501 | ||||||
Hire purchase | 32,866 | - | ||||||
Trade creditors | 739,153 | 708,925 | ||||||
Other creditors | 400,803 | 353,497 | ||||||
1,756,434 | 1,716,150 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2021 | 2020 | |||||||
£ | £ | |||||||
Hire purchase >1yr | 96,982 | - | ||||||
96,982 | - | |||||||
8. PROVISIONS FOR LIABILITIES | 2021 | 2020 | ||||||
£ | £ | |||||||
Pensions | 5,507 | 7,701 | ||||||
Deferred taxation | 51,321 | 21,617 | ||||||
56,828 | 29,318 | |||||||
9. SHARE CAPITAL | 2021 | 2020 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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100 | 100 | ||||||
100 | 100 | |||||||
New shares issued during period: | ||||||||
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100 | |||||||
- | 100 | |||||||
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Fusion 3PL Ltd | ||||||||
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10. COMMITMENTS UNDER OPERATING LEASES | ||||||||
Non-cancellable commitments under operating leases are as follows: | ||||||||
2021 | 2020 | |||||||
£ | £ | |||||||
Not later than one year | 601,487 | 540,527 | ||||||
Later than one and not later than 5 years | 2,222,740 | 1,418,942 | ||||||
Later than 5 years | 1,428,840 | - | ||||||
4,253,067 | 1,959,469 |