LEAN_ENGINEERING_&_MANUFA - Accounts

LEAN ENGINEERING & MANUFACTURING ACADEMY (HOLDINGS) LIMITED - Company Information

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Company Registration No. 09678577 (England and Wales)

LEAN ENGINEERING & MANUFACTURING
ACADEMY (HOLDINGS) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

LEAN ENGINEERING & MANUFACTURING
ACADEMY (HOLDINGS) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

LEAN ENGINEERING & MANUFACTURING
ACADEMY (HOLDINGS) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

Notes

Fixed assets

Investments

59,880

Current assets

Debtors

15,500

Creditors: amounts falling due within one year

(74,272)

Net current liabilities

(58,772)

Total assets less current liabilities

1,108

Capital and reserves

Called up share capital

1,000

Profit and loss account

108

Shareholders' funds

1,108

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 8 November 2016

G Redmonds

Director

Company Registration No. 09678577

LEAN ENGINEERING & MANUFACTURING
ACADEMY (HOLDINGS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Fixed assets

Investments

Cost

At 9 July 2015

Additions

59,880

At 31 March 2016

59,880

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Lean Engineering and Manufacturing Academy Limited

England

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

Lean Engineering and Manufacturing Academy Limited

Education services

242,419

191,262

On the 22 October 2015 the company acquired the entire share capital of Lean Engineering and Manufacturing Academy Limited.

LEAN ENGINEERING & MANUFACTURING
ACADEMY (HOLDINGS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

Allotted, called up and fully paid

7,400 Ordinary A shares of 10p each

740

2,600 Ordinary B shares of 10p each

260

1,000

During the period the company issued 7,400 ordinary "A" shares and 2,600 ordinary "B" shares at a par value of £0.10 each.

The "A" and "B" shares have the same rights except that a dividend may be declared on each class of shares independently of any dividend declared on any other class of share.

Related party relationships and transactions

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

G Morrall - loan

1,250

D New - loan

6,250

D New - loan

6,250

G Redmonds - loan

1,750

15,500