REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 30 JANUARY 2023 TO 30 JUNE 2024 |
FOR |
LEAN SUPPLY SOLUTIONS UK LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 30 JANUARY 2023 TO 30 JUNE 2024 |
FOR |
LEAN SUPPLY SOLUTIONS UK LTD |
LEAN SUPPLY SOLUTIONS UK LTD (REGISTERED NUMBER: 14624180) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 30 January 2023 to 30 June 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
LEAN SUPPLY SOLUTIONS UK LTD |
COMPANY INFORMATION |
for the Period 30 January 2023 to 30 June 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Herschel House |
58 Herschel Street |
Slough |
Berkshire |
SL1 1PG |
LEAN SUPPLY SOLUTIONS UK LTD (REGISTERED NUMBER: 14624180) |
BALANCE SHEET |
30 June 2024 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
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 |
LEAN SUPPLY SOLUTIONS UK LTD (REGISTERED NUMBER: 14624180) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Period 30 January 2023 to 30 June 2024 |
1. | STATUTORY INFORMATION |
Lean Supply Solutions UK Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future on the basis that the shareholders will continue to provide financial support when needed. Thus, the director continues to adopt the going concern basis of accounting in preparing the financial statements. |
Turnover |
Turnover represents amounts derived from the provision of services which fall with the Company's ordinary activities after deduction of discounts, rebates, value added tax and other sales taxes. |
Storage income is recognised over the period for which the storage room is occupied by customers on a straight-line basis. Packaging and transportation sales are recognised at point of sale, as there is no further ongoing performance obligation. |
Tangible fixed assets |
Plant and machinery etc | - |
Fixed assets are initially measured at cost. |
Financial instruments |
Basic Financial Instruments, as covered by Section 11 of FRS 102, are measured at amortised cost. The company does not have any Other Financial Instruments, as covered by Section 12 of FRS 102. |
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. |
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. |
LEAN SUPPLY SOLUTIONS UK LTD (REGISTERED NUMBER: 14624180) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 30 January 2023 to 30 June 2024 |
2. | ACCOUNTING POLICIES - continued |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
At 30 June 2024 |
DEPRECIATION |
Charge for period |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Other creditors & accruals |
LEAN SUPPLY SOLUTIONS UK LTD (REGISTERED NUMBER: 14624180) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 30 January 2023 to 30 June 2024 |
7. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
£ |
Within one year |
Between one and five years |
In more than five years |
8. | SECURED DEBTS |
There is a debenture in favour of the Bank of Montreal over all assets and undertakings of the company. |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
A | £0.01 | 1,000 |
100,000 A shares of £0.01 each were allotted and fully paid for |
10. | RELATED PARTY DISCLOSURES |
Lean Solutions UK Ltd is related to Lean Supply Solutions Inc. (incorporated in Canada) by common ownership. |
As at the period end, £1,125,437 was owed to Lean Supply Solutions Inc. The balance is non interest bearing and repayable on demand. |