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REGISTERED NUMBER: 14624180 (England and Wales)













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: A D King
T Krzepkowski
R Rogut





REGISTERED OFFICE: 27 Estuary Boulevard
Speke
Liverpool
L24 8RF





REGISTERED NUMBER: 14624180 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered 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 4 458,310

CURRENT ASSETS
Debtors 5 670,399
Cash at bank 22,727
693,126
CREDITORS
Amounts falling due within one year 6 1,288,811
NET CURRENT LIABILITIES (595,685 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(137,375

)

CAPITAL AND RESERVES
Called up share capital 9 1,000
Retained earnings (138,375 )
SHAREHOLDERS' FUNDS (137,375 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





T Krzepkowski - Director


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 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on reducing balance

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 5 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 520,099
At 30 June 2024 520,099
DEPRECIATION
Charge for period 61,789
At 30 June 2024 61,789
NET BOOK VALUE
At 30 June 2024 458,310

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 97,459
Other debtors 572,940
670,399

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 65,632
Other creditors & accruals 1,223,179
1,288,811

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 290,000
Between one and five years 1,160,000
In more than five years 1,909,167
3,359,167

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: £   
100,000 A £0.01 1,000

100,000 A shares of £0.01 each were allotted and fully paid for cash at par during the period.

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.