Abbreviated Company Accounts - LEAN AND EASY LIMITED

LEAN AND EASY LIMITED - Company Information

Registered Number NI026130

LEAN AND EASY LIMITED

Abbreviated Accounts

30 November 2016

LEAN AND EASY LIMITED Registered Number NI026130

Abbreviated Balance Sheet as at 30 November 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	253,700	253,700
		253,700	253,700
Current assets
Debtors		1,753	1,810
Cash at bank and in hand		759	1,673
		2,512	3,483
Creditors: amounts falling due within one year		(341,021)	(347,760)
Net current assets (liabilities)		(338,509)	(344,277)
Total assets less current liabilities		(84,809)	(90,577)
Total net assets (liabilities)		(84,809)	(90,577)
Capital and reserves
Called up share capital		37,504	37,504
Revaluation reserve		252,043	252,043
Profit and loss account		(374,356)	(380,124)
Shareholders' funds		(84,809)	(90,577)

For the year ending 30 November 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act 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.

Approved by the Board on 16 August 2017

And signed on their behalf by:
J.M. Mark, Director

LEAN AND EASY LIMITED Registered Number NI026130

Notes to the Abbreviated Accounts for the period ended 30 November 2016

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting policies
The following accounting policies have been used in dealing with items which are considered material in relation to the company’s financial statements.

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

Going Concern
The company is dependent upon the continued support of its Directors for working capital. The Directors have indicated that they will not seek reimbursement of their loans for a period of a least 18 months. As a result the Directors believe it is appropriate to prepare the financial statements on a going concern basis.
The financial statements do not include any adjustments that would result if the Directors withdrew their support.

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).

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

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

Plant and machinery 10% straight line
Fixtures, fittings & equipment 10% straight line
Motor vehicles 20% straight line

2Tangible fixed assets

	£
Cost
At 1 December 2015	402,106
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2016	402,106
Depreciation
At 1 December 2015	148,406
Charge for the year	-
On disposals	-
At 30 November 2016	148,406
Net book values
At 30 November 2016	253,700
At 30 November 2015	253,700