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REGISTERED NUMBER: 11312369 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Future Power Systems Limited

Future Power Systems Limited (Registered number: 11312369)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Future Power Systems Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: P Schofield
A Austin
G Price





REGISTERED OFFICE: 12a
Sandbeds Trading Estate
RCM Business Park
Ossett
WF5 9ND





REGISTERED NUMBER: 11312369 (England and Wales)





ACCOUNTANTS: The Sanders Partnership
Chartered Accountants
19 King Street
The Civic Quarter
Wakefield
West Yorkshire
WF1 2SQ

Future Power Systems Limited (Registered number: 11312369)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,444 10,600

CURRENT ASSETS
Debtors 5 171,422 219,274
Cash at bank 303,739 216,262
475,161 435,536
CREDITORS
Amounts falling due within one year 6 146,237 191,269
NET CURRENT ASSETS 328,924 244,267
TOTAL ASSETS LESS CURRENT LIABILITIES 337,368 254,867

CREDITORS
Amounts falling due after more than one year 7 (31,194 ) (45,967 )

PROVISIONS FOR LIABILITIES (2,111 ) -
NET ASSETS 304,063 208,900

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 304,060 208,897
304,063 208,900

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 29 January 2025 and were signed on its behalf by:





G Price - Director


Future Power Systems Limited (Registered number: 11312369)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Future Power Systems 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 33% on reducing balance
Computer equipment - 25% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are only set up where it is probable that a present obligation exists as a result of an event prior to the balance sheet and that a payment will be required in settlement that can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 8 ) .

Future Power Systems Limited (Registered number: 11312369)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 3,856 1,363 38,907 745 44,871
Additions - - - 1,699 1,699
At 30 April 2024 3,856 1,363 38,907 2,444 46,570
DEPRECIATION
At 1 May 2023 2,421 1,023 30,234 593 34,271
Charge for year 359 340 2,862 294 3,855
At 30 April 2024 2,780 1,363 33,096 887 38,126
NET BOOK VALUE
At 30 April 2024 1,076 - 5,811 1,557 8,444
At 30 April 2023 1,435 340 8,673 152 10,600

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 109,181 32,299
Other debtors 62,241 186,975
171,422 219,274

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,163 5,000
Hire purchase contracts 8,050 5,277
Trade creditors 21,468 105,872
Taxation and social security 107,443 70,600
Other creditors 4,113 4,520
146,237 191,269

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 31,194 37,917
Hire purchase contracts - 8,050
31,194 45,967

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,194 17,917

Future Power Systems Limited (Registered number: 11312369)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
P Schofield
Balance outstanding at start of year 23,342 -
Amounts advanced - 67,323
Amounts repaid (20,351 ) (43,981 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,991 23,342

A Austin
Balance outstanding at start of year 27,338 -
Amounts advanced - 69,895
Amounts repaid (2,779 ) (42,557 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,559 27,338

G Price
Balance outstanding at start of year 33,458 -
Amounts advanced - 77,439
Amounts repaid (30,467 ) (43,981 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,991 33,458

The loan is repayable on demand and interest of 2.25% (2023: 2.00%) has been charged on the loan.