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REGISTERED NUMBER: 03826402 (England and Wales)












LEAN MANUFACTURING AND RESOURCING
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






LEAN MANUFACTURING AND RESOURCING
LIMITED (REGISTERED NUMBER: 03826402)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEAN MANUFACTURING AND RESOURCING
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: D Gibbs





SECRETARY: D Gibbs





REGISTERED OFFICE: Wallace House
20 Birmingham Road
Walsall
West Midlands
WS1 2LT





REGISTERED NUMBER: 03826402 (England and Wales)





ACCOUNTANTS: Wallace Crooke Ltd
Wallace House
20 Birmingham Road
Walsall
West Midlands
WS1 2LT

LEAN MANUFACTURING AND RESOURCING
LIMITED (REGISTERED NUMBER: 03826402)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5 5
Investments 5 30 30
35 35

CURRENT ASSETS
Debtors 6 1,056,730 852,033
Cash at bank and in hand 254,441 418,650
1,311,171 1,270,683
CREDITORS
Amounts falling due within one year 7 671,347 617,607
NET CURRENT ASSETS 639,824 653,076
TOTAL ASSETS LESS CURRENT
LIABILITIES

639,859

653,111

CREDITORS
Amounts falling due after more than one
year

8

17,333

25,333
NET ASSETS 622,526 627,778

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 622,524 627,776
SHAREHOLDERS' FUNDS 622,526 627,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LEAN MANUFACTURING AND RESOURCING
LIMITED (REGISTERED NUMBER: 03826402)

BALANCE SHEET - continued
31 MARCH 2023


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 director and authorised for issue on 17 January 2024 and were signed by:





D Gibbs - Director


LEAN MANUFACTURING AND RESOURCING
LIMITED (REGISTERED NUMBER: 03826402)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Lean Manufacturing And Resourcing Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

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.

LEAN MANUFACTURING AND RESOURCING
LIMITED (REGISTERED NUMBER: 03826402)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Foreign currencies are translated at the rate notified by the bank on the date transactions are processed.

Withholding taxes
Taxes which are withheld by clients as required by the fiscal policies of certain countries are reserved in full as recoverable under double taxation agreements pending the processing by that country's authorities of the company's tax returns.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 34,624 78,322 8,072 121,018
DEPRECIATION
At 1 April 2022
and 31 March 2023 34,624 78,317 8,072 121,013
NET BOOK VALUE
At 31 March 2023 - 5 - 5
At 31 March 2022 - 5 - 5

5. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 2 28 30
NET BOOK VALUE
At 31 March 2023 2 28 30
At 31 March 2022 2 28 30

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 701,795 500,278
Amounts owed by group undertakings 354,684 351,504
Prepayments and accrued income (4,350 ) (4,350 )
Prepayments 4,601 4,601
1,056,730 852,033

LEAN MANUFACTURING AND RESOURCING
LIMITED (REGISTERED NUMBER: 03826402)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,000 8,000
Tax 85,480 84,456
Social security and other taxes 77,422 48,315
VAT 126,604 169,041
Other creditors 22,911 32,612
Accrued expenses 350,930 275,183
671,347 617,607

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 17,333 25,333

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2

10. RESERVES
Retained
earnings
£   

At 1 April 2022 627,776
Profit for the year 372,591
Dividends (377,843 )
At 31 March 2023 622,524

11. RELATED PARTY DISCLOSURES

Mr D Gibbs charged the company rent of £22,800. (2022 £18,200).

12. ULTIMATE CONTROLLING PARTY

The controlling party is D Gibbs.