IES LEAN SYSTEMS LIMITED

Company Registration Number:
07983166 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

IES LEAN SYSTEMS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

IES LEAN SYSTEMS LIMITED

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Principal activities of the company

The principal activity of the company is the manufacture of industrial control systems.

Political and charitable donations

The company did not make any disclosable political donations in the current financial year



Directors

The directors shown below have held office during the whole of the period from
1 January 2022 to 31 December 2022

Elizabeth Power
Joanne Murphy


Secretary Elizabeth Power

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
2 August 2023

And signed on behalf of the board by:
Name: Joanne Murphy
Status: Director

IES LEAN SYSTEMS LIMITED

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£

£
Turnover: 1,337,791 676,034
Cost of sales: ( 854,367 ) ( 471,060 )
Gross profit(or loss): 483,424 204,974
Distribution costs: 0 0
Administrative expenses: ( 285,050 ) ( 143,807 )
Other operating income: 0 0
Operating profit(or loss): 198,374 61,167
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 198,374 61,167
Tax: ( 36,978 ) ( 10,705 )
Profit(or loss) for the financial year: 161,396 50,462

IES LEAN SYSTEMS LIMITED

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 10,874 12,887
Investments:   0 0
Total fixed assets: 10,874 12,887
Current assets
Stocks:   0
Debtors: 4 221,652 432,086
Cash at bank and in hand: 722,535 208,730
Investments:   0 0
Total current assets: 944,187 640,816
Creditors: amounts falling due within one year: 5 ( 392,186 ) ( 252,224 )
Net current assets (liabilities): 552,001 388,592
Total assets less current liabilities: 562,875 401,479
Total net assets (liabilities): 562,875 401,479
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 562,775 401,379
Total Shareholders' funds: 562,875 401,479

The notes form part of these financial statements

IES LEAN SYSTEMS LIMITED

Balance sheet statements

For the year ending 31 December 2022 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 2 August 2023
and signed on behalf of the board by:

Name: Joanne Murphy
Status: Director

The notes form part of these financial statements

IES LEAN SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    TurnoverTurnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts andvalue added tax.

    Tangible fixed assets depreciation policy

    Tangible assets and depreciationTangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciationis calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:Fixtures, fittings and equipment - 12.5% Straight lineMotor vehicles - 12.5% Straight lineThe carrying values of tangible fixed assets are reviewed annually for impairment in periods if events orchanges in circumstances indicate the carrying value may not be recoverable.

IES LEAN SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 5 5

IES LEAN SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2022 0 0 11,590 0 54,605 66,195
Additions 0 0 0 0 0 0
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 December 2022 0 0 11,590 0 54,605 66,195
Depreciation
At 1 January 2022 0 0 5,775 0 47,533 53,308
Charge for year 0 0 1,328 0 685 2,013
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 December 2022 0 0 7,103 0 48,218 55,321
Net book value
At 31 December 2022 0 0 4,487 0 6,387 10,874
At 31 December 2021 0 0 5,815 0 7,072 12,887

IES LEAN SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

2022 2021
£ £
Trade debtors 191,225 146,910
Prepayments and accrued income 0 0
Other debtors 30,427 285,176
Total 221,652 432,086
Debtors due after more than one year: 0 0

IES LEAN SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due within one year note

2022 2021
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 44,428 128,817
Taxation and social security 60,963 34,619
Accruals and deferred income 285,574 88,788
Other creditors 1,221 0
Total 392,186 252,224