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REGISTERED NUMBER: NI635167 (Northern Ireland)















BRACKEN WINDOWS & DOORS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023






BRACKEN WINDOWS & DOORS LTD (REGISTERED NUMBER: NI635167)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BRACKEN WINDOWS & DOORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Tracy Bradley
Ciaran Bradley





REGISTERED OFFICE: 3 Craigadick Road
Maghera
BT46 5DH





REGISTERED NUMBER: NI635167 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

BRACKEN WINDOWS & DOORS LTD (REGISTERED NUMBER: NI635167)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

2023 2022
Notes £ £
NON-CURRENT ASSETS
Tangible assets 5 69,100 85,243

CURRENT ASSETS
Inventories 6 137,711 126,939
Receivables 7 40,770 43,281
Cash at bank and in hand 86,842 112,193
265,323 282,413
PAYABLES
Amounts falling due within one year 8 (293,796 ) (309,660 )
NET CURRENT LIABILITIES (28,473 ) (27,247 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,627

57,996

PAYABLES
Amounts falling due after more than
one year

9

(28,135

)

(47,318

)

PROVISIONS FOR LIABILITIES (16,150 ) (16,150 )
NET LIABILITIES (3,658 ) (5,472 )

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings (3,660 ) (5,474 )
SHAREHOLDERS' FUNDS (3,658 ) (5,472 )

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

BRACKEN WINDOWS & DOORS LTD (REGISTERED NUMBER: NI635167)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2023


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 23 May 2024 and were signed on its behalf by:




Ciaran Bradley - Director



Tracy Bradley - Director


BRACKEN WINDOWS & DOORS LTD (REGISTERED NUMBER: NI635167)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Bracken Windows & Doors Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

The accounting policies detailed below have been applied consistently throughout the year.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery- 20% Reducing Balance

The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition.

Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


BRACKEN WINDOWS & DOORS LTD (REGISTERED NUMBER: NI635167)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Income Statement 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.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 12 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£
COST
At 1 December 2022 200,676
Additions 929
At 30 November 2023 201,605
DEPRECIATION
At 1 December 2022 115,433
Charge for year 17,072
At 30 November 2023 132,505
NET BOOK VALUE
At 30 November 2023 69,100
At 30 November 2022 85,243

6. INVENTORIES
2023 2022
£ £
Inventories 90,000 80,000
Work-in-progress 47,711 46,939
137,711 126,939

BRACKEN WINDOWS & DOORS LTD (REGISTERED NUMBER: NI635167)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. RECEIVABLES
2023 2022
£ £
Trade receivables 39,699 43,281
Other receivables 1,071 -
40,770 43,281

8. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 10,199 10,081
Hire purchase contracts 8,864 16,308
Trade payables 201,308 164,007
Taxation and social security 7,221 21,620
Other payables 66,204 97,644
293,796 309,660

9. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2023 2022
£ £
Bank loans 15,589 25,907
Hire purchase contracts 12,546 21,411
28,135 47,318

The hire purchase liabilities are secured against the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
2 Ordinary 1 2 2

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end an amount of £10,687 (2022 : £58,878) was due to the Directors in respect of monies advanced to the company.