Futuristic Wallpaper

Apply the next parameters on the layers' panel

Fill 0% on the layers

Blending Options>Outer Glow

Blending Options>Gradient Overlay

Gradient's parameters:

Blending Options>Stroke

Gradient's parameters:

And now try to picture out a flare on the red insertion's surface, introduced earlier:

Fill 20% on the layers:

Continue by representing a cavity under the screw, choosing the Rounded Rectangle Tool (U)

Make a mouse's click on Add a Mask option on the layers' panel (on this layer) and select the Eraser Tool (E) to make the corrections on the right edge. Apply the next parameters for the layer:
Fill 0%

Blending Options>Gradient Overlay

Gradient's parameters:

Make a copy of the new made layer and turn it around, applying the Free Transform selection.

Try to make now the screw's cover, situated close to the central part inside the made cavity under the screw. In this case we'll use the Ellipse Tool (U) also:

Select the next parameters on the layers' panel:

Blending Options>Drop Shadow

Blending Options>Inner Glow

Blending Options>Gradient Overlay

Gradient's parameters:

Using the previous instrument, we have to create a new layer of red color above the old one:

the color is D92020.

Change the Blending Mode - Normal on Darken on the same layers' panel:

Take now the Line Tool (U) to draw a small opening on the screw's cover, colored in 3A3A3A.

We have to Merge Down in a Group all the layers containing the red screw (press the Ctrl button to mark out the layers and then keeping pressed the left mouse's button move them on the Create a New Group option (on the layers' panel at the bottom)).

Make five copies of the new group, keeping one group without changes. Those four groups should be changes by moving off the red color out of them and apply the Free Transform option to turn some of these copies over the way it is shown below:

Click to enlarge

The final result!