Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31false2024-07-01No description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03336119 2024-07-01 2024-12-31 03336119 2023-07-01 2024-06-30 03336119 2024-12-31 03336119 2024-06-30 03336119 c:Director1 2024-07-01 2024-12-31 03336119 d:FurnitureFittings 2024-07-01 2024-12-31 03336119 d:FurnitureFittings 2024-12-31 03336119 d:FurnitureFittings 2024-06-30 03336119 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-07-01 2024-12-31 03336119 d:ComputerEquipment 2024-07-01 2024-12-31 03336119 d:ComputerEquipment 2024-12-31 03336119 d:ComputerEquipment 2024-06-30 03336119 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-07-01 2024-12-31 03336119 d:OwnedOrFreeholdAssets 2024-07-01 2024-12-31 03336119 d:CurrentFinancialInstruments 2024-12-31 03336119 d:CurrentFinancialInstruments 2024-06-30 03336119 d:Non-currentFinancialInstruments 2024-12-31 03336119 d:Non-currentFinancialInstruments 2024-06-30 03336119 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 03336119 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 03336119 d:ShareCapital 2024-12-31 03336119 d:ShareCapital 2024-06-30 03336119 d:RetainedEarningsAccumulatedLosses 2024-12-31 03336119 d:RetainedEarningsAccumulatedLosses 2024-06-30 03336119 c:FRS102 2024-07-01 2024-12-31 03336119 c:AuditExempt-NoAccountantsReport 2024-07-01 2024-12-31 03336119 c:FullAccounts 2024-07-01 2024-12-31 03336119 c:PrivateLimitedCompanyLtd 2024-07-01 2024-12-31 03336119 2 2024-07-01 2024-12-31 03336119 e:PoundSterling 2024-07-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 03336119

















BRUHN NEWTECH LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 DECEMBER 2024















Fletcher & Partners
Chartered Accountants
Salisbury

 
BRUHN NEWTECH LIMITED
REGISTERED NUMBER: 03336119

BALANCE SHEET
AS AT 31 DECEMBER 2024

31 December
30 June
2024
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
599
1,191

Current assets
  

Debtors: amounts falling due after more than one year
 5 
4,125
4,125

Debtors: amounts falling due within one year
 5 
74,864
272,613

Cash at bank and in hand
 6 
342,891
177,482

  
421,880
454,220

Creditors: amounts falling due within one year
 7 
(243,578)
(252,988)

Net current assets
  
 
 
178,302
 
 
201,232

  

Net assets
  
178,901
202,423


Capital and reserves
  

Called up share capital 
  
50,000
50,000

Profit and loss account
  
128,901
152,423

  
178,901
202,423


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 period 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: 7 February 2025

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
BRUHN NEWTECH LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 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.

  
2.3

Change in reporting period

The financial statements are presented for the six month period ended 31 December 2024 because the end of the reporting period of the company was changed to this date. Comparative amounts presented in the financial statements are therefore, not entirely comparable.  

Page 2

 
BRUHN NEWTECH LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

Interest income

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

 
2.7

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 3

 
BRUHN NEWTECH LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

  
2.12

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 period was 3 (2024 - 3).

Page 4

 
BRUHN NEWTECH LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

4.


Tangible fixed assets







Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2024
10,771
42,077
52,848



At 31 December 2024

10,771
42,077
52,848



Depreciation


At 1 July 2024
10,672
40,985
51,657


Charge for the period on owned assets
52
540
592



At 31 December 2024

10,724
41,525
52,249



Net book value



At 31 December 2024
47
552
599



At 30 June 2024
99
1,092
1,191


5.


Debtors

31 December
30 June
2024
2024
£
£

Due after more than one year

Other debtors
4,125
4,125


31 December
30 June
2024
2024
£
£

Due within one year

Trade debtors
3,581
1,433

Amounts owed by group undertakings
52,612
251,397

Other debtors
72
3,298

Prepayments and accrued income
18,599
16,485

74,864
272,613


Page 5

 
BRUHN NEWTECH LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

6.


Cash and cash equivalents

31 December
30 June
2024
2024
£
£

Cash at bank and in hand
342,891
177,482



7.


Creditors: Amounts falling due within one year

31 December
30 June
2024
2024
£
£

Trade creditors
1,209
3,003

Other taxation and social security
35,724
37,777

Other creditors
5,915
3,674

Accruals and deferred income
200,730
208,534

243,578
252,988



8.


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 6