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STRATEGICALLY LEAN LIMITED

Registered Number
SC388777
(Scotland)

Unaudited Financial Statements for the Period ended
29 October 2023

STRATEGICALLY LEAN LIMITED
Company Information
for the period from 31 October 2022 to 29 October 2023

Director

COLQUHOUN, Sarah

Registered Address

Office 4 27 Crown Terrace
Aberdeen
AB11 6HD

Registered Number

SC388777 (Scotland)
STRATEGICALLY LEAN LIMITED
Balance Sheet as at
29 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets31010
Tangible assets42,76715,314
2,77715,324
Current assets
Stocks52,053-
Debtors62,15967,417
Cash at bank and on hand2,9942,753
67,20670,170
Creditors amounts falling due within one year6(19,327)(25,206)
Net current assets (liabilities)47,87944,964
Total assets less current liabilities50,65660,288
Creditors amounts falling due after one year7(28,735)(38,135)
Net assets21,92122,153
Capital and reserves
Called up share capital100100
Profit and loss account21,82122,053
Shareholders' funds21,92122,153
The financial statements were approved and authorised for issue by the Director on 25 October 2024, and are signed on its behalf by:
COLQUHOUN, Sarah
Director
Registered Company No. SC388777
STRATEGICALLY LEAN LIMITED
Notes to the Financial Statements
for the period ended 29 October 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Fixtures and fittings-4
Vehicles-4
Office Equipment-3
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20232022
Average number of employees during the year01
3.Intangible assets

Other

Total

££
Cost or valuation
At 31 October 221010
At 29 October 231010
Net book value
At 29 October 231010
At 30 October 221010
4.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 31 October 222,97358,4872243,54465,228
Additions--2,0364052,441
At 29 October 232,97358,4872,2603,94967,669
Depreciation and impairment
At 31 October 222,44543,8661593,44449,914
Charge for year13214,62110812714,988
At 29 October 232,57758,4872673,57164,902
Net book value
At 29 October 23396-1,9933782,767
At 30 October 2252814,6216510015,314
5.Stocks

2023

2022

££
Work in progress2,053-
Total2,053-
6.Creditors: amounts due within one year

2023

2022

££
Bank borrowings and overdrafts8,8805,832
Amounts owed to related parties3,08614,141
Taxation and social security3,358780
Other creditors3,7602,272
Accrued liabilities and deferred income2432,181
Total19,32725,206
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts28,73538,135
Total28,73538,135