GWS Lean Systems Ltd 07535523 true 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is that of consultancy to the health sector. Digita Accounts Production Advanced 6.30.9574.0 true K S Soanes G W Swann 07535523 2023-03-01 2024-02-29 07535523 2024-02-29 07535523 core:RetainedEarningsAccumulatedLosses 2024-02-29 07535523 core:ShareCapital 2024-02-29 07535523 core:CurrentFinancialInstruments 2024-02-29 07535523 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 07535523 core:Non-currentFinancialInstruments 2024-02-29 07535523 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 07535523 core:FurnitureFittingsToolsEquipment 2024-02-29 07535523 bus:FRS102 2023-03-01 2024-02-29 07535523 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07535523 bus:FullAccounts 2023-03-01 2024-02-29 07535523 bus:RegisteredOffice 2023-03-01 2024-02-29 07535523 bus:Director1 2023-03-01 2024-02-29 07535523 bus:Director2 2023-03-01 2024-02-29 07535523 bus:EntityNoLongerTradingButTradedInPast 2023-03-01 2024-02-29 07535523 bus:Consolidated 2023-03-01 2024-02-29 07535523 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07535523 core:FurnitureFittings 2023-03-01 2024-02-29 07535523 countries:AllCountries 2023-03-01 2024-02-29 07535523 2023-02-28 07535523 core:FurnitureFittingsToolsEquipment 2023-02-28 07535523 2023-02-28 07535523 core:RetainedEarningsAccumulatedLosses 2023-02-28 07535523 core:ShareCapital 2023-02-28 07535523 core:CurrentFinancialInstruments 2023-02-28 07535523 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 07535523 core:Non-currentFinancialInstruments 2023-02-28 07535523 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 07535523 core:FurnitureFittingsToolsEquipment 2023-02-28 iso4217:GBP

Registration number: 07535523

GWS Lean Systems Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

GWS Lean Systems Ltd

(Registration number: 07535523)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

12,483

12,483

Creditors: Amounts falling due within one year

4

(8,929)

(8,929)

Total assets less current liabilities

 

3,554

3,554

Creditors: Amounts falling due after more than one year

4

(5,000)

(5,000)

Provisions for liabilities

(2,992)

(2,992)

Net liabilities

 

(4,438)

(4,438)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(4,538)

(4,538)

Shareholders' deficit

 

(4,438)

(4,438)

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 30 September 2024 and signed on its behalf by:
 

.........................................
G W Swann
Director

 

GWS Lean Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales. The company's registration number is 07535523.

The address of its registered office is:
C/o Bissell & Brown Charter House
56 High Street
Sutton Coldfield
West Midlands
B72 1UJ
United Kingdom

The principal place of business is:
34 High Street
Kenilworth
Warwickshire
CV8 1LZ

These financial statements were authorised for issue by the Board on 30 September 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

10 - 25% Straight line

 

GWS Lean Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

26,452

26,452

At 29 February 2024

26,452

26,452

Depreciation

At 1 March 2023

13,969

13,969

At 29 February 2024

13,969

13,969

Carrying amount

At 29 February 2024

12,483

12,483

At 28 February 2023

12,483

12,483

 

GWS Lean Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

4

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

5

8,029

8,029

Accruals

 

900

900

 

8,929

8,929

Due after one year

 

Loans and borrowings

5

5,000

5,000

5

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

5,000

5,000

Current loans and borrowings

2024
£

2023
£

Other borrowings

8,029

8,029