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Company Registration No. 04991687 (England and Wales)
Lean Business Audio Limited Unaudited accounts for the year ended 31 December 2023
Lean Business Audio Limited Unaudited accounts Contents
Page
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Lean Business Audio Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
240,955 
245,732 
Current assets
Inventories
162,379 
148,977 
Debtors
40,541 
23,593 
Cash at bank and in hand
5,886 
35,075 
208,806 
207,645 
Creditors: amounts falling due within one year
(49,967)
(64,737)
Net current assets
158,839 
142,908 
Total assets less current liabilities
399,794 
388,640 
Creditors: amounts falling due after more than one year
(118,367)
(133,876)
Provisions for liabilities
Deferred tax
(4,932)
(5,839)
Net assets
276,495 
248,925 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
276,395 
248,825 
Shareholders' funds
276,495 
248,925 
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by
M Montgomery Director Company Registration No. 04991687
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Lean Business Audio Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Lean Business Audio Limited is a private company, limited by shares, registered in England and Wales, registration number 04991687. The registered office is 18 The Albany, Ipswich, Suffolk, IP4 2TP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
215,000 
65,242 
280,242 
Additions
- 
1,399 
1,399 
At 31 December 2023
215,000 
66,641 
281,641 
Depreciation
At 1 January 2023
- 
34,510 
34,510 
Charge for the year
- 
6,176 
6,176 
At 31 December 2023
- 
40,686 
40,686 
Net book value
At 31 December 2023
215,000 
25,955 
240,955 
At 31 December 2022
215,000 
30,732 
245,732 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
38,733 
21,865 
Accrued income and prepayments
1,808 
1,728 
40,541 
23,593 
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Lean Business Audio Limited Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
16,747 
17,981 
VAT
3,132 
9,711 
Trade creditors
12,226 
8,399 
Taxes and social security
8,231 
8,222 
Other creditors
977 
977 
Loans from directors
8,654 
19,447 
49,967 
64,737 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
118,367 
133,876 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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