IRIS Accounts Production v25.2.0.378 10327437 Board of Directors 29.2.24 28.2.25 28.2.25 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh103274372024-02-28103274372025-02-28103274372024-02-292025-02-28103274372023-02-28103274372023-03-012024-02-28103274372024-02-2810327437ns15:EnglandWales2024-02-292025-02-2810327437ns14:PoundSterling2024-02-292025-02-2810327437ns10:Director12024-02-292025-02-2810327437ns10:PrivateLimitedCompanyLtd2024-02-292025-02-2810327437ns10:SmallEntities2024-02-292025-02-2810327437ns10:AuditExempt-NoAccountantsReport2024-02-292025-02-2810327437ns10:SmallCompaniesRegimeForDirectorsReport2024-02-292025-02-2810327437ns10:SmallCompaniesRegimeForAccounts2024-02-292025-02-2810327437ns10:FullAccounts2024-02-292025-02-2810327437ns10:Director22024-02-292025-02-2810327437ns10:RegisteredOffice2024-02-292025-02-2810327437ns5:CurrentFinancialInstruments2025-02-2810327437ns5:CurrentFinancialInstruments2024-02-2810327437ns5:Non-currentFinancialInstruments2025-02-2810327437ns5:Non-currentFinancialInstruments2024-02-2810327437ns5:ShareCapital2025-02-2810327437ns5:ShareCapital2024-02-2810327437ns5:RetainedEarningsAccumulatedLosses2025-02-2810327437ns5:RetainedEarningsAccumulatedLosses2024-02-2810327437ns5:LandBuildings2024-02-2810327437ns5:PlantMachinery2024-02-2810327437ns5:LandBuildings2024-02-292025-02-2810327437ns5:PlantMachinery2024-02-292025-02-2810327437ns5:LandBuildings2025-02-2810327437ns5:PlantMachinery2025-02-2810327437ns5:LandBuildings2024-02-2810327437ns5:PlantMachinery2024-02-2810327437ns5:WithinOneYearns5:CurrentFinancialInstruments2025-02-2810327437ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2810327437ns5:WithinOneYear2025-02-2810327437ns5:WithinOneYear2024-02-2810327437ns5:BetweenOneFiveYears2025-02-2810327437ns5:BetweenOneFiveYears2024-02-2810327437ns5:AllPeriods2025-02-2810327437ns5:AllPeriods2024-02-2810327437ns5:Secured2025-02-2810327437ns5:Secured2024-02-28
REGISTERED NUMBER: 10327437 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

BRACON ASH SOLAR LIMITED

BRACON ASH SOLAR LIMITED (REGISTERED NUMBER: 10327437)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BRACON ASH SOLAR LIMITED

COMPANY INFORMATION
for the year ended 28 February 2025







DIRECTORS: D K Bryson
J A Orchard-Lisle





REGISTERED OFFICE: Hartham Park
Hartham Park Lane
Corsham
Wiltshire
SN13 0RP





REGISTERED NUMBER: 10327437 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

BRACON ASH SOLAR LIMITED (REGISTERED NUMBER: 10327437)

BALANCE SHEET
28 February 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 18,138,510 3,985,961

CURRENT ASSETS
Debtors 5 2,013,280 37,662
Cash at bank 2,316,301 966,651
4,329,581 1,004,313
CREDITORS
Amounts falling due within one year 6 (9,092,371 ) (5,707,371 )
NET CURRENT LIABILITIES (4,762,790 ) (4,703,058 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,375,720

(717,097

)

CREDITORS
Amounts falling due after more than one
year

7

(13,378,351

)

-
NET LIABILITIES (2,631 ) (717,097 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (2,632 ) (717,098 )
(2,631 ) (717,097 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:





J A Orchard-Lisle - Director


BRACON ASH SOLAR LIMITED (REGISTERED NUMBER: 10327437)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2025


1. STATUTORY INFORMATION

Bracon Ash Solar Limited is a limited company, limited by shares and registered in England and Wales. Its registered office address is Hartham Park, Hartham Park Lane, Corsham, Wiltshire, SN13 0RP and the registered number is 10327437.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

The presentational currency of the financial statements is Pound sterling (£) and figures are rounding to the nearest £1.

Going concern
At the year end, the company had net current liabilities of £4,762,790 (2024: £4,703,058) and net liabilities of £2,631 (2024: £717,097).

The directors have considered the impact that this may have on the company and have prepared the financial statements on a going concern basis. They have confirmed that with the support of the group they are happy that the company will be able to meet its financial obligations as they fall due for at least the next twelve months.

Turnover
Turnover 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 goods and services
Revenue from a contract to provide goods and services is recognised in the period in which the goods and 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.

Tangible fixed assets
Tangible fixed assets 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 a straight line method, as indicated below.

Depreciation is provided on the following basis:

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under finance lease, over the lease term, whichever is shorter.

Plant and machinery - 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.

BRACON ASH SOLAR LIMITED (REGISTERED NUMBER: 10327437)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2025


2. ACCOUNTING POLICIES - continued

Financial instruments
(i) Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet 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.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

BRACON ASH SOLAR LIMITED (REGISTERED NUMBER: 10327437)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2025


4. TANGIBLE FIXED ASSETS
Assets Plant and
Under machinery
Construction etc Totals
£    £    £   
COST
At 29 February 2024 3,985,961 - 3,985,961
Additions - 14,297,289 14,297,289
Reclassification/transfer (3,985,961 ) 3,985,961 -
At 28 February 2025 - 18,283,250 18,283,250
DEPRECIATION
Charge for year - 144,740 144,740
At 28 February 2025 - 144,740 144,740
NET BOOK VALUE
At 28 February 2025 - 18,138,510 18,138,510
At 28 February 2024 3,985,961 - 3,985,961

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors - 2,400
Other debtors 2,013,280 35,262
2,013,280 37,662

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 482,638 -
Trade creditors 1,538,451 206,679
Amounts owed to group undertakings 5,787,068 5,491,192
Other creditors 1,284,214 9,500
9,092,371 5,707,371

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 13,378,351 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due in more than 5 years by
instalments

10,862,521

-

BRACON ASH SOLAR LIMITED (REGISTERED NUMBER: 10327437)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2025


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 28,488 68,370
Between one and five years - 28,488
28,488 96,858

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 13,860,989 -

The company's bank loan is secured with a fixed and floating charge over all of the company property or undertaking.