Lean Thinking Limited - Accounts

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Registered Number : 04579060

England and Wales

LEAN THINKING LIMITED

Abbreviated Accounts

Period of accounts

Start date: 01 May 2015

End date: 30 April 2016

Lean Thinking Limited
Contents Page
For the year ended 30 April 2016

Balance Sheet
Notes to the Financial Statement

Lean Thinking Limited
Balance Sheet
As at 30 April 2016

	Notes	2016 £	2015 £
Fixed assets
Tangible fixed assets	2	126	126
		126	126
Current assets
Debtors		208,721	229,768
Cash at bank and in hand		90	99
		208,811	229,867
Creditors: amount falling due within one year		(28,260)	(62,055)
Net current assets		180,551	167,812
Total assets less current liabilities		180,677	167,938
Net assets		180,677	167,938
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		180,577	167,838
Shareholders funds		180,677	167,938

For the year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
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: 30 January 2017

Lean Thinking Limited
Notes to the Abbreviated Financial Statements
For the year ended 30 April 2016

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 January 2015).

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.

Tangible fixed assets

Cost or Valuation	Plant and Machinery	Total
	£	£
At 01 May 2015	5,909	5,909
Additions	-	-
Disposals	-	-
At 30 April 2016	5,909	5,909
Depreciation
At 01 May 2015	5,783	5,783
Charge for year	-	-
On disposals	-	-
At 30 April 2016	5,783	5,783
Net book values
At 30 April 2016	126	126
At 01 May 2015	126	126

Share Capital

Allotted	2016 £		2015 £
100 Class A shares of £1.00 each	100		100
	100		100