REGISTERED NUMBER: NI629776 (Northern Ireland)

Financial Statements for the Year Ended 31 March 2025

for

Future Renewables Energy Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Elliott

Mrs R Elliott

REGISTERED OFFICE:

1 Station Brae

Ballinamallard

Enniskillen

Co. Fermanagh

BT94 2FA

REGISTERED NUMBER:

NI629776 (Northern Ireland)

ACCOUNTANTS:

Dundas Gallagher

Chartered Accountants and Statutory Auditors

Thistlebank House

2 Old Henry Street

Enniskillen

Co. Fermanagh

BT74 7JX

FIXED ASSETS

Tangible assets

4

62,399

86,252

CURRENT ASSETS

Debtors

5

1,266,593

414,686

Cash at bank

256,888

792,708

1,523,481

1,207,394

CREDITORS

Amounts falling due within one year

6

833,914

683,114

NET CURRENT ASSETS

689,567

524,280

TOTAL ASSETS LESS CURRENT LIABILITIES

751,966

610,532

CREDITORS

Amounts falling due after more than one year

7

(10,000

)

(16,667

)

PROVISIONS FOR LIABILITIES

(8,008

)

(13,972

)

NET ASSETS

733,958

579,893

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

733,858

579,793

733,958

579,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 August 2025 and were signed on its behalf by:

N Elliott - Director

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

164,000

Additions

6,801

At 31 March 2025

170,801

DEPRECIATION

At 1 April 2024

77,748

Charge for year

30,654

At 31 March 2025

108,402

NET BOOK VALUE

At 31 March 2025

62,399

At 31 March 2024

86,252

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,121,298

335,051

Other debtors

145,295

79,635

1,266,593

414,686

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

6,667

10,000

Trade creditors

267,522

322,861

Taxation and social security

133,213

86,677

Other creditors

426,512

263,576

833,914

683,114

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

10,000

16,667

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

N Elliott

Balance outstanding at start of year

54,340

9,023

Amounts advanced

-

45,317

Amounts repaid

(54,340

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

54,340