REGISTERED NUMBER: 11312369 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Future Power Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

FIXED ASSETS

Tangible assets

4

63,737

8,444

CURRENT ASSETS

Debtors

5

329,742

171,422

Cash at bank

303,840

303,739

633,582

475,161

CREDITORS

Amounts falling due within one year

6

379,768

146,237

NET CURRENT ASSETS

253,814

328,924

TOTAL ASSETS LESS CURRENT LIABILITIES

317,551

337,368

CREDITORS

Amounts falling due after more than one year

7

(60,208

)

(31,194

)

PROVISIONS FOR LIABILITIES

(15,935

)

(2,111

)

NET ASSETS

241,408

304,063

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

241,405

304,060

241,408

304,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 4 November 2025 and were signed on its behalf by:

G Price - Director

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 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

3,856

1,363

38,907

2,444

46,570

Additions

2,670

749

69,745

2,572

75,736

Disposals

-

-

(14,345

)

-

(14,345

)

At 30 April 2025

6,526

2,112

94,307

5,016

107,961

DEPRECIATION

At 1 May 2024

2,780

1,363

33,096

887

38,126

Charge for year

495

47

17,760

443

18,745

Eliminated on disposal

-

-

(12,647

)

-

(12,647

)

At 30 April 2025

3,275

1,410

38,209

1,330

44,224

NET BOOK VALUE

At 30 April 2025

3,251

702

56,098

3,686

63,737

At 30 April 2024

1,076

-

5,811

1,557

8,444

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

257,605

109,181

Other debtors

72,137

62,241

329,742

171,422

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,451

5,163

Hire purchase contracts

7,899

8,050

Trade creditors

274,586

21,468

Taxation and social security

62,992

107,443

Other creditors

28,840

4,113

379,768

146,237

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

24,973

31,194

Hire purchase contracts

35,235

-

60,208

31,194

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

4,973

11,194

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

2025

2024

£

£

P Schofield

Balance outstanding at start of year

2,991

23,342

Amounts advanced

54,487

-

Amounts repaid

(57,478

)

(20,351

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

2,991

A Austin

Balance outstanding at start of year

24,559

27,338

Amounts advanced

42,484

-

Amounts repaid

(58,539

)

(2,779

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

8,504

24,559

G Price

Balance outstanding at start of year

2,991

33,458

Amounts advanced

53,610

-

Amounts repaid

(56,601

)

(30,467

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

2,991

The loan is repayable on demand and interest of 2.25% (2024: 2.25%) has been charged.