Lean Thinking Limited - Accounts

Lean Thinking Limited - Accounts

LEAN THINKING LTD - Company Information

Print Friendly Version

2014-05-01 true false Private Limited Company 04579060 2014-05-01 2015-04-30 04579060 2015-04-30 04579060 uk-bus:RegisteredOffice 2014-05-01 2015-04-30 04579060 uk-bus:AllEntityOfficers 2014-05-01 2015-04-30 04579060 uk-bus:EntityAccountantsOrAuditors 2014-05-01 2015-04-30 04579060 uk-bus:EntityAccountantsOrAuditors 2015-04-30 04579060 uk-gaap:WithinOneYear 2015-04-30 04579060 uk-bus:Director1 2014-05-01 2015-04-30 04579060 uk-bus:Director1 2015-04-30 04579060 uk-bus:Director1 2013-05-01 2014-04-30 04579060 2013-05-01 04579060 uk-bus:EntityBankers 2014-05-01 2015-04-30 04579060 uk-bus:CompanySecretary 2014-05-01 2015-04-30 04579060 uk-bus:EntityLawyersOrLegalAdvisers 2014-05-01 2015-04-30 04579060 2013-05-01 2014-04-30 04579060 2014-04-30 04579060 uk-gaap:WithinOneYear 2014-04-30 04579060 uk-bus:AllEntityOfficers 2013-05-01 2014-04-30 04579060 uk-bus:EntityAccountantsOrAuditors 2013-05-01 2014-04-30 04579060 uk-bus:OrdinaryShareClass1 2014-05-01 2015-04-30 04579060 uk-bus:OrdinaryShareClass1 2015-04-30 04579060 uk-bus:OrdinaryShareClass1 2013-05-01 2014-04-30 04579060 uk-bus:OrdinaryShareClass1 2014-04-30 04579060 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2014-05-01 2015-04-30 04579060 uk-gaap:PlantMachinery 2014-05-01 2015-04-30 04579060 uk-gaap:PlantMachinery 2015-04-30 04579060 uk-gaap:PlantMachinery 2014-04-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number : 04579060
England and Wales

 

 

 

LEAN THINKING LIMITED


Abbreviated Accounts
 


Period of accounts

Start date: 01 May 2014

End date: 30 April 2015

Lean Thinking Limited
Contents Page
For the year ended 30 April 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lean Thinking Limited for the year ended 30 April 2015 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Lean Thinking Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Lean Thinking Limited and state those matters that we have agreed to state to the Board of Directors of Lean Thinking Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lean Thinking Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Lean Thinking Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lean Thinking Limited. You consider that Lean Thinking Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lean Thinking Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.




....................................................
Naked Accounting (Xero Certified Chartered Accountants)
The Innovation Centre
49 Oxford Street
Leicester
Leicestershire
LE1 5XY
31 January 2016

1
 
 		 Notes
 		 2015
£		   2014
£
Fixed assets      
Tangible fixed assets 2 125    125 
125    125 
Current assets      
Debtors 271,014    83,733 
Cash at bank and in hand 99    1,648 
271,114    85,381 
Creditors: amount falling due within one year (20,805)   (45,059)
Net current assets 250,308    40,321 
Total assets less current liabilities 250,434    40,447 
Net assets 250,434    40,447 

Capital and reserves 		     
Called up share capital 3 100    100 
Profit and loss account 250,334    40,347 
Shareholders funds 250,434    40,447 


For the year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Signed on behalf of the board of directors


--------------------------------
Ali Mafi
Director

Date approved by the board: 31 January 2016
2
1.

Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Where the company has partially performed its contractual obligations, it recognises revenue to the extent that it has obtained the right to consideration through its performance. The amount of revenue reflects the accrual of the right to consideration as contract activity progresses by reference to value of the work performed.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.

Tangible fixed assets

Cost or Valuation Plant and Machinery   Total
  £   £
At 01 May 2014 5,909    5,909 
Additions -    - 
Disposals -    - 
At 30 April 2015 5,909    5,909 
Depreciation
At 01 May 2014 5,783    5,783 
Charge for year -    - 
On disposals -    - 
At 30 April 2015 5,783    5,783 
Net book values
At 30 April 2015 125    125 
At 01 May 2014 125    125 


3.

Share Capital

Allotted
2015
£		   2014
£
100 Class A shares of £1.00 each 100    100 
100    100 

3