Strategic Fusion Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04966830 (England and Wales)

Strategic Fusion Limited

Unaudited Financial Statements for the Year Ended 31st December 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M P Bowcock

C D Rowson

REGISTERED OFFICE:

Central Point

45, Beech Street,

London

EC2Y 8AD

REGISTERED NUMBER:

04966830 (England and Wales)

ACCOUNTANTS:

The Decimal Place

8 Blandfield Road

London

SW12 8BG

BANKERS:

Barclays

FIXED ASSETS

Tangible assets

4

191

381

CURRENT ASSETS

Debtors

5

3,764

2,546

Cash at bank

12,617

69

16,381

2,615

CREDITORS

Amounts falling due within one year

6

44,489

72,418

NET CURRENT LIABILITIES

(28,108

)

(69,803

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(27,917

)

(69,422

)

CAPITAL AND RESERVES

Called up share capital

7

200

200

Retained earnings

8

(28,117

)

(69,622

)

SHAREHOLDERS' FUNDS

(27,917

)

(69,422

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 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 30th May 2022 and were signed on its behalf by:

C D Rowson - Director

1.	STATUTORY INFORMATION

Strategic Fusion Limited 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.

Computer equipment

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st January 2021

and 31st December 2021

571

DEPRECIATION

At 1st January 2021

190

Charge for year

190

At 31st December 2021

380

NET BOOK VALUE

At 31st December 2021

191

At 31st December 2020

381

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

3,357

2,372

Other debtors

174

174

Prepayments and accrued income

233

-

3,764

2,546

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

-

23,794

Trade creditors

366

24

Social security and other taxes

1,281

937

VAT

903

199

Other creditors

408

5,442

Directors' current accounts

39,220

39,473

Accruals and deferred income

2,311

2,549

44,489

72,418

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

190

Ordinary

£1

190

190

10

"B" Ordinary

£1

10

10

200

200

8.

RESERVES

Retained

earnings

£

At 1st January 2021

(69,622

)

Profit for the year

41,505

At 31st December 2021

(28,117

)