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REGISTERED NUMBER: 07830202 (England and Wales)















Kaizen Workspace Limited

Unaudited Financial Statements for the Year Ended 30 November 2023






Kaizen Workspace Limited (Registered number: 07830202)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Kaizen Workspace Limited

Company Information
for the Year Ended 30 November 2023







Directors: Valerie Joan Sked
Cameron Robertson Sked





Registered office: 60 Hilton Lane
Worsley
Manchester
M28 0RZ





Registered number: 07830202 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Kaizen Workspace Limited (Registered number: 07830202)

Statement of Financial Position
30 November 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 20,293 27,057

Current assets
Debtors 5 8,840 10,493
Cash at bank 16,370 10,423
25,210 20,916
Creditors
Amounts falling due within one year 6 28,613 28,713
Net current liabilities (3,403 ) (7,797 )
Total assets less current liabilities 16,890 19,260

Creditors
Amounts falling due after more than
one year

7

(11,630

)

(17,446

)

Provisions for liabilities 8 - (429 )
Net assets 5,260 1,385

Capital and reserves
Called up share capital 9 100 100
Retained earnings 5,160 1,285
Shareholders' funds 5,260 1,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Kaizen Workspace Limited (Registered number: 07830202)

Statement of Financial Position - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





Valerie Joan Sked - Director


Kaizen Workspace Limited (Registered number: 07830202)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. Statutory information

Kaizen Workspace 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 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 is measured at the fair value of the consideration receivable for warehouse space utilisation design consultancy services net of Value Added Tax.

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

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Kaizen Workspace Limited (Registered number: 07830202)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. Accounting policies - continued

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 2 (2022 - 2 ) .

4. Tangible fixed assets
Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 December 2022
and 30 November 2023 36,076 5,999 42,075
Depreciation
At 1 December 2022 9,019 5,999 15,018
Charge for year 6,764 - 6,764
At 30 November 2023 15,783 5,999 21,782
Net book value
At 30 November 2023 20,293 - 20,293
At 30 November 2022 27,057 - 27,057

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 7,378 8,338
Other debtors 1,462 2,155
8,840 10,493

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Hire purchase contracts 5,815 5,815
Taxation and social security 8,026 10,278
Other creditors 14,772 12,620
28,613 28,713

Kaizen Workspace Limited (Registered number: 07830202)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Hire purchase contracts 11,630 17,446

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax - 429

Deferred
tax
£   
Balance at 1 December 2022 429
Credit to Statement of Income and Retained Earnings during year (429 )
Balance at 30 November 2023 -

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100