FUTURE_ENERGY_SOLUTIONS_L - Accounts

FUTURE ENERGY SOLUTIONS LTD - Company Information

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Company Registration No. 08209324 (England and Wales)

FUTURE ENERGY SOLUTIONS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

FUTURE ENERGY SOLUTIONS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

FUTURE ENERGY SOLUTIONS LTD

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

37,470

44,082

Current assets

Debtors

9,671

3,981

Cash at bank and in hand

4,647

9,671

8,628

Creditors: amounts falling due within one year

(270,239)

(212,471)

Net current liabilities

(260,568)

(203,843)

Total assets less current liabilities

(223,098)

(159,761)

Capital and reserves

Called up share capital

Profit and loss account

(223,102)

(159,762)

Shareholder's funds

(223,098)

(159,761)

For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 27 June 2016

Mr. T. Cantle Jones

Director

Company Registration No. 08209324

FUTURE ENERGY SOLUTIONS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

15% on reducing balance

Improvements

15% reducing balance

Fixtures, fittings & equipment

15% on reducing balance

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.7

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

FUTURE ENERGY SOLUTIONS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 October 2014 & at 30 September 2015

51,862

Depreciation

At 1 October 2014

7,779

Charge for the year

6,613

At 30 September 2015

14,392

Net book value

At 30 September 2015

37,470

At 30 September 2014

44,082

Share capital

2015

2014

Allotted, called up and fully paid

40,000 Ordinary of 0.01p each