Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10557843 2023-02-01 2024-01-31 10557843 2022-02-01 2023-01-31 10557843 2024-01-31 10557843 2023-01-31 10557843 c:Director1 2023-02-01 2024-01-31 10557843 d:PlantMachinery 2023-02-01 2024-01-31 10557843 d:PlantMachinery 2024-01-31 10557843 d:PlantMachinery 2023-01-31 10557843 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 10557843 d:OfficeEquipment 2023-02-01 2024-01-31 10557843 d:OfficeEquipment 2024-01-31 10557843 d:OfficeEquipment 2023-01-31 10557843 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 10557843 d:ComputerEquipment 2023-02-01 2024-01-31 10557843 d:ComputerEquipment 2024-01-31 10557843 d:ComputerEquipment 2023-01-31 10557843 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 10557843 d:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 10557843 d:OtherPropertyPlantEquipment 2024-01-31 10557843 d:OtherPropertyPlantEquipment 2023-01-31 10557843 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 10557843 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 10557843 d:CurrentFinancialInstruments 2024-01-31 10557843 d:CurrentFinancialInstruments 2023-01-31 10557843 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 10557843 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 10557843 d:ShareCapital 2024-01-31 10557843 d:ShareCapital 2023-01-31 10557843 d:RetainedEarningsAccumulatedLosses 2024-01-31 10557843 d:RetainedEarningsAccumulatedLosses 2023-01-31 10557843 c:FRS102 2023-02-01 2024-01-31 10557843 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10557843 c:FullAccounts 2023-02-01 2024-01-31 10557843 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10557843 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 10557843 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 10557843 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 10557843










BRACKEN ENERGY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
BRACKEN ENERGY LIMITED
REGISTERED NUMBER: 10557843

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
23,106
24,112

  
23,106
24,112

Current assets
  

Debtors: amounts falling due within one year
 5 
12,823
29,471

Cash at bank and in hand
  
51,215
32,681

Current liabilities
  
64,038
62,152

Creditors: amounts falling due within one year
 6 
(68,595)
(62,858)

Net current liabilities
  
 
 
(4,557)
 
 
(706)

Total assets less current liabilities
  
18,549
23,406

Provisions for liabilities
  

Deferred tax
 7 
(342)
(418)

  
 
 
(342)
 
 
(418)

Net assets
  
18,207
22,988


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
18,203
22,984

  
18,207
22,988


Page 1

 
BRACKEN ENERGY LIMITED
REGISTERED NUMBER: 10557843
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

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 income and retained earnings 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: 




P B Wilson
Director

Date: 29 October 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BRACKEN ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

The company, which was incorporated and registered in England and Wales (registered number 10557843) is a privately owned company limited by shares. The registered office address is Norreys, Heath Lane, Crondall, Farnham, Surrey, United Kingdom, GU10 5PA.

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

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:

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.

 
2.3

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.

Page 3

 
BRACKEN ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight line
Office equipment
-
20%
straight line
Computer equipment
-
20%
straight line
Other fixed assets
-
5%
straight line

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.

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
BRACKEN ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.8

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employee

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
BRACKEN ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Plant and machinery
Office equipment
Computer equipment
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 February 2023
1,730
4,376
6,609
23,316
36,031


Additions
-
-
1,205
-
1,205



At 31 January 2024

1,730
4,376
7,814
23,316
37,236



Depreciation


At 1 February 2023
1,527
4,150
3,910
2,332
11,919


Charge for the year on owned assets
203
75
767
1,166
2,211



At 31 January 2024

1,730
4,225
4,677
3,498
14,130



Net book value



At 31 January 2024
-
151
3,137
19,818
23,106



At 31 January 2023
203
225
2,700
20,984
24,112


5.


Debtors

2024
2023
£
£


Other debtors
414
824

Prepayments and accrued income
12,409
28,647

12,823
29,471


Page 6

 
BRACKEN ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
28,115
22,864

Other creditors
36,540
36,054

Accruals and deferred income
3,940
3,940

68,595
62,858



7.


Deferred taxation




2024


£






At beginning of year
(418)


Utilised in year
76



At end of year
(342)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(342)
(418)

(342)
(418)

 
Page 7