Registration number: 07989539

Future Energy Source Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Future Energy Source Limited

(Registration number: 07989539)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	440,100	440,100
Current assets
Debtors	5	-	502
Cash at bank and in hand		1,165	1,034
		1,165	1,536
Creditors: Amounts falling due within one year	6	(466,788)	(461,635)
Net current liabilities		(465,623)	(460,099)
Net liabilities		(25,523)	(19,999)
Capital and reserves
Called up share capital		2	2
Share premium reserve		99,999	99,999
Retained earnings		(125,524)	(120,000)
Shareholders' deficit		(25,523)	(19,999)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 December 2025 and signed on its behalf by:
 

Mr R P Heffer Director

Future Energy Source Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Winchester House
Deane Gate Avenue
Taunton
Somerset
TA1 2UH

The principal place of business is:
1 Maureen Close
Parkstone
Poole
Dorset
BH12 3HG
United Kingdom

These financial statements were authorised for issue by the Board on 3 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Going concern

The company has suffered a loss during the year and has a deficit in reserves at the year end. However, the financial statements have been prepared on a going concern basis as the directors are willing to support the company financially for the forseeable future.

Future Energy Source Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Development costs

Expenditure on research and development is recognised as an expense in the year in which it is incurred with the exception of expenditure on the development of products where the outcome of these products is assessed as being reasonably certain as regards to economic viability and technical feasibility. Such expenditure is recognised as an intangible asset and amortised to administrative expenses on a straight line basis over the useful economic life once the related product or enhancement is available for use.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life. However amortisation has not yet commenced as the intangible assets are not yet in use.

Asset class	Amortisation method and rate
Development costs	nil

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 2 (2024 - 2).

Future Energy Source Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Development costs  £	Total £
Cost
At 1 April 2024	440,100	440,100
At 31 March 2025	440,100	440,100
Amortisation
At 31 March 2025	-	-
Carrying amount
At 31 March 2025	440,100	440,100
At 31 March 2024	440,100	440,100

The aggregate amount of research and development expenditure recognised as an expense during the period is £- (2024 - £-).
 

5

Debtors

	2025 £	2024 £
Other debtors	-	502
	-	502

6

Creditors

Due within one year	2025 £	2024 £
Amounts owed to related parties	464,657	459,157
Accruals and deferred income	2,084	2,431
Taxation and social security	47	47
	466,788	461,635