Thanks all, I worked perfectly after I placed a 100uF capacitor at the + and - supply of the 555 and the circuit works great. The turns the lamp on and off without any gliches.
Thanks Boxxy for the response. I'm working with a Snubber Circuit hopefully that will work. I just have to figure out what resistor and capacitor to use and whether a diode should also be included.
I am implementing a touch switch: when i touch the metal plate it triggers the 555 in the monostable mode, that goes into a 7476 (JK Flip Flop)which simple toggles, it sends the high into the relay and in turn lights up an LED connected to the normally open switch of the relay (relay: 5v - 1am)...