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REGISTERED NUMBER: 07552606 (England and Wales)















Financial Statements for the Year Ended 3 September 2023

for

Simply Lean And Sigma Transformation Ltd

Simply Lean And Sigma Transformation Ltd (Registered number: 07552606)






Contents of the Financial Statements
for the Year Ended 3 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Simply Lean And Sigma Transformation Ltd

Company Information
for the Year Ended 3 September 2023







DIRECTORS: M K Venkatesh
Dr D Venkataraman





SECRETARY: Dr D Venkataraman





REGISTERED OFFICE: Grange House
Kirklevington Grange
Yarm
TS15 9LL





REGISTERED NUMBER: 07552606 (England and Wales)





ACCOUNTANTS: King Hope
Chartered Accountants
34 Romanby Road
NORTHALLERTON
North Yorkshire
DL7 8NF

Simply Lean And Sigma Transformation Ltd (Registered number: 07552606)

Balance Sheet
3 September 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,549 453

CURRENT ASSETS
Debtors 5 228 57,570
Cash at bank 93,879 70,569
94,107 128,139
CREDITORS
Amounts falling due within one year 6 (20,944 ) (57,300 )
NET CURRENT ASSETS 73,163 70,839
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,712

71,292

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 74,702 71,282
SHAREHOLDERS' FUNDS 74,712 71,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 3 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 3 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by:





M K Venkatesh - Director


Simply Lean And Sigma Transformation Ltd (Registered number: 07552606)

Notes to the Financial Statements
for the Year Ended 3 September 2023

1. STATUTORY INFORMATION

Simply Lean And Sigma Transformation Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents consideration receivable for services provided excluding value added tax accounted for under the flat rate scheme.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Simply Lean And Sigma Transformation Ltd (Registered number: 07552606)

Notes to the Financial Statements - continued
for the Year Ended 3 September 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 4 September 2022 2,594
Additions 1,309
Disposals (599 )
At 3 September 2023 3,304
DEPRECIATION
At 4 September 2022 2,141
Charge for year 154
Eliminated on disposal (540 )
At 3 September 2023 1,755
NET BOOK VALUE
At 3 September 2023 1,549
At 3 September 2022 453

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 228 57,570

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 6,316 20,490
Social security and other taxes 2,958 9,950
Directors' current accounts 10,020 25,348
Accruals and deferred income 1,650 1,512
20,944 57,300

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £24,600 (2022 - £16,000) were paid to the directors .

At the balance sheet date the sum of £10,020 (2022: £25,348) was due to directors.

8. ULTIMATE CONTROLLING PARTY

The controlling party is M K Venkatesh.