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REGISTERED NUMBER: NI629776 (Northern Ireland)















Financial Statements for the Year Ended 31 March 2022

for

Future Renewables Energy Systems Limited

Future Renewables Energy Systems Limited (Registered number: NI629776)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Future Renewables Energy Systems Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: N Elliott
Mrs R Elliott





REGISTERED OFFICE: Unit 4 Ballinamallard Enterprise Centre
Enniskillen Road
Ballinamallard
Enniskillen
Co. Fermanagh
BT94 2BD





REGISTERED NUMBER: NI629776 (Northern Ireland)





ACCOUNTANTS: Dundas Gallagher
Chartered Accountants and Statutory Auditors
Thistlebank House
2 Old Henry Street
Enniskillen
Co. Fermanagh
BT74 7JX

Future Renewables Energy Systems Limited (Registered number: NI629776)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,995 24,781

CURRENT ASSETS
Debtors 5 260,583 144,420
Cash at bank 84,173 31,271
344,756 175,691
CREDITORS
Amounts falling due within one year 6 202,480 103,239
NET CURRENT ASSETS 142,276 72,452
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,271

97,233

CREDITORS
Amounts falling due after more than one year 7 (35,808 ) -

PROVISIONS FOR LIABILITIES (3,528 ) (4,708 )
NET ASSETS 133,935 92,525

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 133,835 92,425
133,935 92,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 5 August 2022 and were signed on its behalf by:





N Elliott - Director


Future Renewables Energy Systems Limited (Registered number: NI629776)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Future Renewables Energy Systems Limited is a private company, limited by shares , registered in Northern Ireland. 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.
Plant and machinery etc - 20% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 5 ) .

Future Renewables Energy Systems Limited (Registered number: NI629776)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 44,272
Additions 16,509
At 31 March 2022 60,781
DEPRECIATION
At 1 April 2021 19,491
Charge for year 10,295
At 31 March 2022 29,786
NET BOOK VALUE
At 31 March 2022 30,995
At 31 March 2021 24,781

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 254,196 138,417
Other debtors 6,387 6,003
260,583 144,420

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 10,644 -
Trade creditors 155,114 49,479
Taxation and social security 24,703 13,535
Other creditors 12,019 40,225
202,480 103,239

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans 35,808 -