Lean Musician Limited Company Accounts

false false false false false false false false false true false false false false false false false No description of principal activity 2016-08-01 Sage Accounts Production Advanced 2017 Update 3 - FRS xbrli:pure xbrli:shares iso4217:GBP 09700204 2016-08-01 2017-03-31 09700204 2017-03-31 09700204 2016-07-31 09700204 2016-07-31 09700204 2015-03-31 09700204 bus:LeadAgentIfApplicable 2016-08-01 2017-03-31 09700204 bus:Director1 2016-08-01 2017-03-31 09700204 bus:Director2 2016-08-01 2017-03-31 09700204 core:WithinOneYear 2017-03-31 09700204 core:ShareCapital 2017-03-31 09700204 core:ShareCapital 2016-07-31 09700204 core:RetainedEarningsAccumulatedLosses 2017-03-31 09700204 bus:Director1 2016-07-31 09700204 bus:Director1 2017-03-31 09700204 bus:Director2 2017-03-31 09700204 bus:Director1 2015-03-31 09700204 bus:Director1 2016-07-31 09700204 bus:FRS102 2016-08-01 2017-03-31 09700204 bus:AuditExemptWithAccountantsReport 2016-08-01 2017-03-31 09700204 bus:FullAccounts 2016-08-01 2017-03-31 09700204 bus:SmallCompaniesRegimeForAccounts 2016-08-01 2017-03-31 09700204 bus:PrivateLimitedCompanyLtd 2016-08-01 2017-03-31

COMPANY REGISTRATION NUMBER: 09700204

Lean Musician Limited

Filleted Unaudited Financial Statements

31 March 2017

Lean Musician Limited

Financial Statements

Period from 1 August 2016 to 31 March 2017

Contents	Page

Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	3

Lean Musician Limited

Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Lean Musician Limited

Period from 1 August 2016 to 31 March 2017

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 Musician Limited for the period ended 31 March 2017, which comprise the statement of financial position and the related notes from the company's 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Lean Musician Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Lean Musician Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lean Musician Limited and its director for our work or for this report.

It is your duty to ensure that Lean Musician 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 loss of Lean Musician Limited. You consider that Lean Musician Limited is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of Lean Musician 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.

HOLLINGDALE POOLEY Chartered accountant

Bramford House 23 Westfield Park Clifton Bristol BS6 6LT

19 December 2017

Lean Musician Limited

Statement of Financial Position

31 March 2017

	31 Mar 17	31 Jul 16
Note	£	£

Current assets

Debtors	4	–	1
Cash at bank and in hand		15	–
		----	----
		15	1

Creditors: amounts falling due within one year	5	269	–
		----	----
Net current (liabilities)/assets		( 254)	1
		----	----
Total assets less current liabilities		( 254)	1
		----	----
Net (liabilities)/assets		( 254)	1
		----	----

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 255)	–
	----	----
Shareholders (deficit)/funds	( 254)	1
	----	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 31 March 2017 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 financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 19 December 2017 , and are signed on behalf of the board by:

Mr J Vaughan
Director

Company registration number: 09700204

Lean Musician Limited

Notes to the Financial Statements

Period from 1 August 2016 to 31 March 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 49 Grove Park Road, Bristol, BS4 4JH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Debtors

	31 Mar 17	31 Jul 16
	£	£
Other debtors	–	1
	----	----

5. Creditors: amounts falling due within one year

	31 Mar 17	31 Jul 16
	£	£
Other creditors	269	–
	----	----

6. Director's advances, credits and guarantees

During the period the director entered into the following advances and credits with the company:

	31 Mar 17
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr J Vaughan	1	( 120)	( 119)
Mr T Poulton	–	( 60)	( 60)
	----	----	----
	1	( 180)	( 179)
	----	----	----

	31 Jul 16
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr J Vaughan	1	–	1
Mr T Poulton	–	–	–
	----	----	----
	1	–	1
	----	----	----