Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10733208 Mr Michael Mchugh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10733208 2023-04-30 10733208 2024-04-30 10733208 2023-05-01 2024-04-30 10733208 frs-core:CurrentFinancialInstruments 2024-04-30 10733208 frs-core:Non-currentFinancialInstruments 2024-04-30 10733208 frs-core:ComputerEquipment 2024-04-30 10733208 frs-core:ComputerEquipment 2023-05-01 2024-04-30 10733208 frs-core:ComputerEquipment 2023-04-30 10733208 frs-core:MotorVehicles 2024-04-30 10733208 frs-core:MotorVehicles 2023-05-01 2024-04-30 10733208 frs-core:MotorVehicles 2023-04-30 10733208 frs-core:PlantMachinery 2024-04-30 10733208 frs-core:PlantMachinery 2023-05-01 2024-04-30 10733208 frs-core:PlantMachinery 2023-04-30 10733208 frs-core:ShareCapital 2024-04-30 10733208 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10733208 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10733208 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10733208 frs-bus:SmallEntities 2023-05-01 2024-04-30 10733208 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10733208 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10733208 frs-bus:Director1 2023-05-01 2024-04-30 10733208 frs-countries:EnglandWales 2023-05-01 2024-04-30 10733208 2022-04-30 10733208 2023-04-30 10733208 2022-05-01 2023-04-30 10733208 frs-core:CurrentFinancialInstruments 2023-04-30 10733208 frs-core:Non-currentFinancialInstruments 2023-04-30 10733208 frs-core:ShareCapital 2023-04-30 10733208 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 10733208
Bracken Planthire ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10733208
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 412,000 188,625
Investment Properties 5 86,337 -
498,337 188,625
CURRENT ASSETS
Debtors 6 410,613 91,490
Cash at bank and in hand 1,207,756 169,705
1,618,369 261,195
Creditors: Amounts Falling Due Within One Year 7 (1,181,800 ) (65,541 )
NET CURRENT ASSETS (LIABILITIES) 436,569 195,654
TOTAL ASSETS LESS CURRENT LIABILITIES 934,906 384,279
Creditors: Amounts Falling Due After More Than One Year 8 (37,587 ) (69,723 )
NET ASSETS 897,319 314,556
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 897,219 314,456
SHAREHOLDERS' FUNDS 897,319 314,556
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Mchugh
Director
15/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bracken Planthire ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10733208 . The registered office is 3rd Floor, 207 Regent Street, London, W1B 3HH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight Line
Motor Vehicles 20% Straight Line
Computer Equipment 20% Straight Line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 270,920 28,436 2,403 301,759
Additions 354,658 - - 354,658
As at 30 April 2024 625,578 28,436 2,403 656,417
Depreciation
As at 1 May 2023 92,543 19,382 1,209 113,134
Provided during the period 125,116 5,687 480 131,283
As at 30 April 2024 217,659 25,069 1,689 244,417
Net Book Value
As at 30 April 2024 407,919 3,367 714 412,000
As at 1 May 2023 178,377 9,054 1,194 188,625
5. Investment Property
2024
£
Fair Value
As at 1 May 2023 -
Additions 86,337
As at 30 April 2024 86,337
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 751 -
CIS Asset 183,039 76,728
Deferred tax current asset 124,589 -
VAT 102,234 14,762
410,613 91,490
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 224,402 7,874
Bank loans and overdrafts 6,588 49,548
Other loans 50,136 -
Corporation tax 91,713 26,890
Accruals and deferred income 808,678 (35,838 )
Director's loan account 283 17,067
1,181,800 65,541
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 27,882 69,723
Other loans 9,705 -
37,587 69,723
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5