IRIS Accounts Production v23.4.0.336 07763193 Board of Directors 1.4.22 28.3.23 28.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077631932022-03-31077631932023-03-28077631932022-04-012023-03-28077631932021-03-31077631932021-04-012022-03-31077631932022-03-3107763193ns15:EnglandWales2022-04-012023-03-2807763193ns14:PoundSterling2022-04-012023-03-2807763193ns10:Director12022-04-012023-03-2807763193ns10:PrivateLimitedCompanyLtd2022-04-012023-03-2807763193ns10:SmallEntities2022-04-012023-03-2807763193ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-2807763193ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-2807763193ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-2807763193ns10:FullAccounts2022-04-012023-03-2807763193ns10:Director22022-04-012023-03-2807763193ns10:RegisteredOffice2022-04-012023-03-2807763193ns5:CurrentFinancialInstruments2023-03-2807763193ns5:CurrentFinancialInstruments2022-03-3107763193ns5:ShareCapital2023-03-2807763193ns5:ShareCapital2022-03-3107763193ns5:RetainedEarningsAccumulatedLosses2023-03-2807763193ns5:RetainedEarningsAccumulatedLosses2022-03-3107763193ns5:PlantMachinery2022-03-3107763193ns5:FurnitureFittings2022-03-3107763193ns5:ComputerEquipment2022-03-3107763193ns5:PlantMachinery2022-04-012023-03-2807763193ns5:FurnitureFittings2022-04-012023-03-2807763193ns5:ComputerEquipment2022-04-012023-03-2807763193ns5:PlantMachinery2023-03-2807763193ns5:FurnitureFittings2023-03-2807763193ns5:ComputerEquipment2023-03-2807763193ns5:PlantMachinery2022-03-3107763193ns5:FurnitureFittings2022-03-3107763193ns5:ComputerEquipment2022-03-3107763193ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-2807763193ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 07763193 (England and Wales)















Financial Statements for the Period 1 April 2022 to 28 March 2023

for

Leanwise Limited

Leanwise Limited (Registered number: 07763193)

Contents of the Financial Statements
for the Period 1 April 2022 to 28 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Leanwise Limited

Company Information
for the Period 1 April 2022 to 28 March 2023







DIRECTORS: Mr A Paydas
Mrs I Paydas





REGISTERED OFFICE: Pinehurst
Elgin Road
Weybridge
Surrey
KT13 8SW





REGISTERED NUMBER: 07763193 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS

Leanwise Limited (Registered number: 07763193)

Balance Sheet
28 March 2023

28.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 - 383

CURRENT ASSETS
Inventories 70,517 80,662
Debtors 5 6,687 1,696
Cash at bank and in hand 2,863 5,433
80,067 87,791
CREDITORS
Amounts falling due within one year 6 (86,433 ) (81,994 )
NET CURRENT (LIABILITIES)/ASSETS (6,366 ) 5,797
TOTAL ASSETS LESS CURRENT LIABILITIES (6,366 ) 6,180

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings (6,866 ) 5,680
SHAREHOLDERS' FUNDS (6,366 ) 6,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 March 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 7 March 2024 and were signed on its behalf by:





Mrs I Paydas - Director


Leanwise Limited (Registered number: 07763193)

Notes to the Financial Statements
for the Period 1 April 2022 to 28 March 2023


1. STATUTORY INFORMATION

Leanwise 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue
Revenue is measured at fair value and represents revenues receivable under contracts net of value added tax. Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised to the extent that the company has obtained the right to consideration through its performance.

Tangible fixed assets
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Plant & machinery - 33.3% straight line
Fixtures and fittings - 25% straight line
Equipment - 33.3% straight line

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the income statement.

Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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.


Leanwise Limited (Registered number: 07763193)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 28 March 2023


2. ACCOUNTING POLICIES - continued
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 period 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.

Going concern
The shareholder of the company has indicated his willingness to financially support the company for the foreseeable future, therefore, the accounts have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 28 March 2023 1,550 1,608 3,770 6,928
DEPRECIATION
At 1 April 2022 1,550 1,608 3,387 6,545
Charge for period - - 383 383
At 28 March 2023 1,550 1,608 3,770 6,928
NET BOOK VALUE
At 28 March 2023 - - - -
At 31 March 2022 - - 383 383

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.3.23 31.3.22
£    £   
Trade debtors 83 869
Other debtors 5,352 48
VAT 1,252 779
6,687 1,696

Leanwise Limited (Registered number: 07763193)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 28 March 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.3.23 31.3.22
£    £   
Trade creditors 1,961 2,233
Other creditors 2,222 3,589
Directors' current accounts 78,340 72,358
Accruals and deferred income 3,910 3,814
86,433 81,994

7. RELATED PARTY DISCLOSURES

At the year end the directors' were owed £78,340 (2022 - £72,358) in respect of their directors' loan accounts. The loan is interest free and repayable on demand.