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REGISTERED NUMBER: 05639143 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

APPLETREE FINANCIAL SOLUTIONS LIMITED

APPLETREE FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 05639143)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


APPLETREE FINANCIAL SOLUTIONS LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: D P Gallagher
J D Alderson
M Shaw





SECRETARY: D P Gallagher





REGISTERED OFFICE: 12 - 14 Breck Road
Poulton-Le-Fylde
Lancashire
FY6 7AA





REGISTERED NUMBER: 05639143 (England and Wales)





ACCOUNTANTS: ma2 Limited
Chartered Accountants
5 Crescent East
Thornton Cleveleys
Lancashire
FY5 3LJ

APPLETREE FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 05639143)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 31,330 47,830
Tangible assets 5 109,052 135,203
140,382 183,033

CURRENT ASSETS
Debtors 6 13,616 13,287
Cash at bank 601,258 555,960
614,874 569,247
CREDITORS
Amounts falling due within one year 7 85,163 76,003
NET CURRENT ASSETS 529,711 493,244
TOTAL ASSETS LESS CURRENT
LIABILITIES

670,093

676,277

CREDITORS
Amounts falling due after more than one
year

8

36,039

40,488
NET ASSETS 634,054 635,789

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 633,954 635,689
SHAREHOLDERS' FUNDS 634,054 635,789

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

APPLETREE FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 05639143)

BALANCE SHEET - continued
31 December 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 Board of Directors and authorised for issue on 4 July 2024 and were signed on its behalf by:




D P Gallagher - Director J D Alderson - Director




M Shaw - Director


APPLETREE FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 05639143)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Appletree Financial Solutions Limited is a private company, limited by shares , registered in England and Wales. 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
The turnover shown in the profit and loss account represents amounts of commission receivable.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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.


APPLETREE FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 05639143)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 330,000
AMORTISATION
At 1 January 2023 282,170
Amortisation for year 16,500
At 31 December 2023 298,670
NET BOOK VALUE
At 31 December 2023 31,330
At 31 December 2022 47,830

APPLETREE FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 05639143)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 14,240 137,706 33,001 184,947
Additions 885 - - 885
At 31 December 2023 15,125 137,706 33,001 185,832
DEPRECIATION
At 1 January 2023 10,987 11,475 27,282 49,744
Charge for year 648 25,248 1,140 27,036
At 31 December 2023 11,635 36,723 28,422 76,780
NET BOOK VALUE
At 31 December 2023 3,490 100,983 4,579 109,052
At 31 December 2022 3,253 126,231 5,719 135,203

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,000 12,000
Other debtors 1,000 -
Directors' current accounts 91 736
Prepayments 525 551
13,616 13,287

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,002 10,000
Tax 72,344 61,580
Social security and other taxes 495 3,126
Directors' current accounts 515 515
Accrued expenses 1,807 782
85,163 76,003

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 36,039 40,488

APPLETREE FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 05639143)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


9. RELATED PARTY DISCLOSURES

Mr Gallagher owns the premises from which the company trades and was paid a rent of £16,700 during the year..