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REGISTERED NUMBER: SC732252 (Scotland)












Unaudited Financial Statements

for the Period 12 May 2022 to 31 May 2023

for

Napkin Innovation Limited

Napkin Innovation Limited (Registered number: SC732252)






Contents of the Financial Statements
for the Period 12 May 2022 to 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Napkin Innovation Limited

Company Information
for the Period 12 May 2022 to 31 May 2023







DIRECTOR: Ms J Morrison





SECRETARY:





REGISTERED OFFICE: Unit 23
St James Avenue
EAST KILBRIDE
G74 5QD





REGISTERED NUMBER: SC732252 (Scotland)





ACCOUNTANTS: AMS Chartered Accountants
Unit 23
St James Avenue
EAST KILBRIDE
Lanarkshire
G74 5QD

Napkin Innovation Limited (Registered number: SC732252)

Balance Sheet
31 May 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 57,999
Tangible assets 5 664
58,663

CURRENT ASSETS
Debtors 6 46
Cash at bank 21,541
21,587
CREDITORS
Amounts falling due within one year 7 600
NET CURRENT ASSETS 20,987
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,650

CREDITORS
Amounts falling due after more than one
year

8

34,522
NET ASSETS 45,128

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 45,028
45,128

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

Napkin Innovation Limited (Registered number: SC732252)

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 12 October 2023 and were signed by:





Ms J Morrison - Director


Napkin Innovation Limited (Registered number: SC732252)

Notes to the Financial Statements
for the Period 12 May 2022 to 31 May 2023

1. STATUTORY INFORMATION

Napkin Innovation 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

Napkin Innovation Limited (Registered number: SC732252)

Notes to the Financial Statements - continued
for the Period 12 May 2022 to 31 May 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 57,999
At 31 May 2023 57,999
NET BOOK VALUE
At 31 May 2023 57,999

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 991
At 31 May 2023 991
DEPRECIATION
Charge for period 327
At 31 May 2023 327
NET BOOK VALUE
At 31 May 2023 664

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 46

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 600

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 34,522