Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false33truetrue 03336119 2023-07-01 2024-06-30 03336119 2022-07-01 2023-06-30 03336119 2024-06-30 03336119 2023-06-30 03336119 c:Director1 2023-07-01 2024-06-30 03336119 d:FurnitureFittings 2023-07-01 2024-06-30 03336119 d:FurnitureFittings 2024-06-30 03336119 d:FurnitureFittings 2023-06-30 03336119 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03336119 d:ComputerEquipment 2023-07-01 2024-06-30 03336119 d:ComputerEquipment 2024-06-30 03336119 d:ComputerEquipment 2023-06-30 03336119 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03336119 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03336119 d:CurrentFinancialInstruments 2024-06-30 03336119 d:CurrentFinancialInstruments 2023-06-30 03336119 d:Non-currentFinancialInstruments 2024-06-30 03336119 d:Non-currentFinancialInstruments 2023-06-30 03336119 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 03336119 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 03336119 d:ShareCapital 2024-06-30 03336119 d:ShareCapital 2023-06-30 03336119 d:RetainedEarningsAccumulatedLosses 2024-06-30 03336119 d:RetainedEarningsAccumulatedLosses 2023-06-30 03336119 c:FRS102 2023-07-01 2024-06-30 03336119 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 03336119 c:FullAccounts 2023-07-01 2024-06-30 03336119 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03336119 2 2023-07-01 2024-06-30 03336119 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 03336119
















BRUHN NEWTECH LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
















Fletcher & Partners
Chartered Accountants
Salisbury

 
BRUHN NEWTECH LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BRUHN NEWTECH LIMITED
FOR THE YEAR ENDED 30 JUNE 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bruhn Newtech Limited for the year ended 30 June 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Bruhn Newtech Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Bruhn Newtech Limited and state those matters that we have agreed to state to the director of Bruhn Newtech Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bruhn Newtech Limited and its director for our work or for this report. 

It is your duty to ensure that Bruhn Newtech Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Bruhn Newtech Limited. You consider that Bruhn Newtech Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Bruhn Newtech Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Fletcher & Partners
 
Crown Chambers
Bridge Streert
Salisbury
Wiltshire
SP1 2LZ
22 October 2024
Page 1

 
BRUHN NEWTECH LIMITED
REGISTERED NUMBER: 03336119

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,191
2,778

Current assets
  

Debtors: amounts falling due after more than one year
 6 
4,125
4,125

Debtors: amounts falling due within one year
 6 
272,613
263,732

Cash at bank and in hand
 7 
177,482
651,698

  
454,220
919,555

Creditors: amounts falling due within one year
 8 
(252,988)
(685,964)

Net current assets
  
 
 
201,232
 
 
233,591

  

Net assets
  
202,423
236,369


Capital and reserves
  

Called up share capital 
  
50,000
50,000

Profit and loss account
  
152,423
186,369

  
202,423
236,369


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




E J Ellinghaus
Director

Date: 22 October 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BRUHN NEWTECH LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Bruhn Newtech Limited is a private company limited by shares and incorporated in England and Wales, registered number 03336119. The registered office of the company is Suite 3, Warner House, Castle Street, Salisbury, Wiltshire, SP1 3TB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
BRUHN NEWTECH LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
BRUHN NEWTECH LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical 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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
33%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 5

 
BRUHN NEWTECH LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Taxation



Factors affecting tax charge for the year

The tax assessed for the year is higher than (2023 - higher than) the standard rate of corporation tax in the UK of 19% (2023 - 19%). The differences are explained below:
2024
2023
£
£


Loss on ordinary activities before tax
(33,947)
(21,690)


Loss on ordinary activities multiplied by standard rate of corporation tax in the UK of 19% (2023 - 19%)
(6,450)
(4,121)

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
27
139

Capital allowances for year in excess of depreciation
302
(239)

Unrelieved tax losses carried forward
6,121
4,221

Total tax charge for the year
-
-


Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 6

 
BRUHN NEWTECH LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
10,771
42,077
52,848



At 30 June 2024

10,771
42,077
52,848



Depreciation


At 1 July 2023
10,455
39,615
50,070


Charge for the year on owned assets
217
1,370
1,587



At 30 June 2024

10,672
40,985
51,657



Net book value



At 30 June 2024
99
1,092
1,191



At 30 June 2023
316
2,462
2,778


6.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
4,125
4,125


2024
2023
£
£

Due within one year

Trade debtors
1,433
246,196

Amounts owed by group undertakings
251,397
-

Other debtors
3,298
72

Prepayments and accrued income
16,485
17,464

272,613
263,732


Page 7

 
BRUHN NEWTECH LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
177,482
651,698



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,003
2,296

Amounts owed to group undertakings
-
424,242

Other taxation and social security
37,777
40,186

Other creditors
3,674
4,290

Accruals and deferred income
208,534
214,950

252,988
685,964



9.


Controlling party

The company's immediate parent undertaking is Bruhn NewTech A/S which is incorporated in Denmark. It has included the company in its group accounts, copies of which are available from its registered office: Kongens Nytorv 15-17, 3. DK-1050 Copenhagen, Denmark.


Page 8