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REGISTERED NUMBER: SC478540 (Scotland)












Financial Statements

for the Year Ended 31 May 2023

for

Appinoak Limited

Appinoak Limited (Registered number: SC478540)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Appinoak Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mrs L Alexander





REGISTERED OFFICE: 7 Broomburn Drive
Newton Mearns
Glasgow
G77 5JQ





REGISTERED NUMBER: SC478540 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Appinoak Limited (Registered number: SC478540)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 51,686 -

CURRENT ASSETS
Inventories 4,283 3,768
Debtors 5 8,458 2,687
Cash at bank and in hand 75,869 143,650
88,610 150,105
CREDITORS
Amounts falling due within one year 6 104,462 110,918
NET CURRENT (LIABILITIES)/ASSETS (15,852 ) 39,187
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,834

39,187

CREDITORS
Amounts falling due after more than one
year

7

(11,540

)

(17,821

)

PROVISIONS FOR LIABILITIES (8,357 ) (21 )
NET ASSETS 15,937 21,345

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 15,936 21,344
SHAREHOLDERS' FUNDS 15,937 21,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Appinoak Limited (Registered number: SC478540)

Balance Sheet - continued
31 May 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 October 2023 and were signed by:





Mrs L Alexander - Director


Appinoak Limited (Registered number: SC478540)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Appinoak Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Going concern
The director continues to be satisfied that the company has adequate resources to continue in operation for the next 12 months. Consequently, the director considered it appropriate to prepare the financial statements on a going concern basis.

Revenue
Revenue represents the amounts derived from the provision of health and wellbeing services, excluding value added tax and trade discounts. Revenue is recognised on an accruals basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Inventories
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Appinoak Limited (Registered number: SC478540)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 4,881 2,563 - 2,047 9,491
Additions - - 53,700 299 53,999
At 31 May 2023 4,881 2,563 53,700 2,346 63,490
DEPRECIATION
At 1 June 2022 4,881 2,563 - 2,047 9,491
Charge for year - - 2,238 75 2,313
At 31 May 2023 4,881 2,563 2,238 2,122 11,804
NET BOOK VALUE
At 31 May 2023 - - 51,462 224 51,686
At 31 May 2022 - - - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,446 2,457
Other debtors 4,012 230
8,458 2,687

Appinoak Limited (Registered number: SC478540)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,960 6,051
Taxation and social security (2,496 ) 12,169
Other creditors 99,998 92,698
104,462 110,918

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 11,540 17,821

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 1.00 1 1