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REGISTERED NUMBER: SC200556 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Appaloosa Geoconsultants Limited

Appaloosa Geoconsultants Limited (Registered number: SC200556)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Appaloosa Geoconsultants Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Dr S L Houldsworth





SECRETARY: B N Houldsworth





REGISTERED OFFICE: 9 Westgarth Avenue
Colinton
Edinburgh
Lothian
EH13 0BB





REGISTERED NUMBER: SC200556 (Scotland)





ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG

Appaloosa Geoconsultants Limited (Registered number: SC200556)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £ £
CURRENT ASSETS
Debtors 5 11,621 9,992
Cash at bank 2,050 3,247
13,671 13,239
CREDITORS
Amounts falling due within one year 6 18,706 12,697
NET CURRENT (LIABILITIES)/ASSETS (5,035 ) 542
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,035

)

542

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (5,135 ) 442
SHAREHOLDERS' FUNDS (5,035 ) 542

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 October 2023 and were signed by:





Dr S L Houldsworth - Director


Appaloosa Geoconsultants Limited (Registered number: SC200556)

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

1. STATUTORY INFORMATION

Appaloosa Geoconsultants 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover is measured at the fair value of consideration received or receivable and represents the amounts receivable for the service, net of discounts and VAT. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value to date, based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance, the amounts are recorded as deferred income and included as part of the creditor due within one year

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:

Fixtures and fittings25% per annum reducing balance
Computer equipment25% per annum straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

Appaloosa Geoconsultants Limited (Registered number: SC200556)

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

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 April 2022 357 5,433 5,790
Disposals (304 ) (532 ) (836 )
At 31 March 2023 53 4,901 4,954
DEPRECIATION
At 1 April 2022 357 5,433 5,790
Eliminated on disposal (304 ) (532 ) (836 )
At 31 March 2023 53 4,901 4,954
NET BOOK VALUE
At 31 March 2023 - - -
At 31 March 2022 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Trade debtors 283 3,191
Other debtors 11,338 6,801
11,621 9,992

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Trade creditors - 1
Other creditors 18,706 12,696
18,706 12,697

7. DEFERRED TAX
£
Balance at 1 April 2022 (6,801 )
Provided during year (4,537 )
Balance at 31 March 2023 (11,338 )

Appaloosa Geoconsultants Limited (Registered number: SC200556)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £ £
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£

At 1 April 2022 442
Deficit for the year (5,577 )
At 31 March 2023 (5,135 )

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2023, the company owed the director £17,386 (2022: £11,436).

11. RELATED PARTY DISCLOSURES

No related party disclosures in the year.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Dr S L Houldsworth.