FUTURE LIGHTING AND ELECTRICAL LIMITED

Company Registration Number:
09066616 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

FUTURE LIGHTING AND ELECTRICAL LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

FUTURE LIGHTING AND ELECTRICAL LIMITED

Balance sheet

As at 30 June 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 177,498 117,387
Total fixed assets: 177,498 117,387
Current assets
Debtors:   364,514 304,693
Cash at bank and in hand: 21 1,751
Total current assets: 364,535 306,444
Creditors: amounts falling due within one year:   (242,431) (197,544)
Net current assets (liabilities): 122,104 108,900
Total assets less current liabilities: 299,602 226,287
Creditors: amounts falling due after more than one year:   (142,267) (104,474)
Provision for liabilities: (23,711) (13,785)
Total net assets (liabilities): 133,624 108,028
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 132,624 107,028
Shareholders funds: 133,624 108,028

The notes form part of these financial statements

FUTURE LIGHTING AND ELECTRICAL LIMITED

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 March 2024
and signed on behalf of the board by:

Name: Jamie Willsdon
Status: Director

The notes form part of these financial statements

FUTURE LIGHTING AND ELECTRICAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover consists of the invoiced value (excluding VAT) receivable by the company in the ordinary course of business for goods supplied and for services supplied as a principal.

Tangible fixed assets and depreciation policy

Depreciation is calculated to write off the cost, less estimated residual values, of tangible fixed assets over their estimated useful lives to the business. Where there is evidence of impairment, fixed assets are written down to receivable amount. Any such write down would be charged to operating profit.Motor Vehicles 20.0% Straight LineComputers 20.0% Straight LineFixtures, fittings &Office Equipment 20.0% Straight Line

Other accounting policies

Deferred TaxationDeferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.Stock, work in progress and long-term contractsStock and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is determined on a first-in. first-out basis. Cost consists of direct materials, labour and attributable overheads. Net realisable value is based on estimated selling price less any further costs of realisation.Leased AssetsRentals 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 termsAssets 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 profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.Pension CostsContributions in respect of the company's defined contribution pension scheme are charged to profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid are shown as either accruals or prepayments at the year end.

FUTURE LIGHTING AND ELECTRICAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 2022
Average number of employees during the period 21 15

FUTURE LIGHTING AND ELECTRICAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible Assets

Total
Cost £
At 01 July 2022 244,360
Additions 139,602
Disposals (14,990)
At 30 June 2023 368,972
Depreciation
At 01 July 2022 126,973
Charge for year 73,495
On disposals (8,994)
At 30 June 2023 191,474
Net book value
At 30 June 2023 177,498
At 30 June 2022 117,387

FUTURE LIGHTING AND ELECTRICAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Financial commitments

Annual commitments under non-cancellable operating leases: 2023 2022 £ £Expriring in < 1 Year 0 3,236 1- 5 years 29,000 29,000

FUTURE LIGHTING AND ELECTRICAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Related party transactions

Name of the related party: Future Security Solutions Limited
Relationship:
Common Director & Shareholder
Description of the Transaction: Sales
£
Balance at 01 July 2022 10,548
Balance at 30 June 2023 97,075
Name of the related party: Future Fuel Solutions Limited
Relationship:
Common Director & Shareholder
Description of the Transaction: Sales
£
Balance at 01 July 2022 9,435
Balance at 30 June 2023 52,133
Name of the related party: Future Fire Systems Limited
Relationship:
Common Director & Shareholder
Description of the Transaction: Sales
£
Balance at 01 July 2022 17,387
Balance at 30 June 2023 25,884
Name of the related party: Future Regeneration Limited
Relationship:
Common Director & Shareholder
Description of the Transaction: Sales
£
Balance at 01 July 2022 735
Balance at 30 June 2023 1,110
Name of the related party: Future Security Solutions Limited
Relationship:
Common Director & Shareholder
Description of the Transaction: Purchases
£
Balance at 01 July 2022 20,450
Balance at 30 June 2023 0
Name of the related party: Future Fuel Solutions Limited
Relationship:
Common Director & Shareholder
Description of the Transaction: Purchases
£
Balance at 01 July 2022 0
Balance at 30 June 2023 60
Name of the related party: Future Fire Systems Limited
Relationship:
Common Director & Shareholder
Description of the Transaction: Purchases
£
Balance at 01 July 2022 0
Balance at 30 June 2023 0
Name of the related party: Future Regeneration Limited
Relationship:
Common Director & Shareholder
Description of the Transaction: Purchases
£
Balance at 01 July 2022 0
Balance at 30 June 2023 1,440