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REGISTERED NUMBER: 05452366













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ROOT2LEAN LIMITED

ROOT2LEAN LIMITED (REGISTERED NUMBER: 05452366)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROOT2LEAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: J Vann
Mrs D Vann





SECRETARY: Mrs D Vann





REGISTERED OFFICE: 12 Ormes Lane
Ratcliffe Culey
Warwickshire
CV9 3PB





REGISTERED NUMBER: 05452366





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

ROOT2LEAN LIMITED (REGISTERED NUMBER: 05452366)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,803 21,766
Investment property 5 2,034,569 2,033,519
2,051,372 2,055,285

CURRENT ASSETS
Stocks 4,464 4,464
Debtors 6 184,053 80,073
Cash at bank and in hand 137,835 29,609
326,352 114,146
CREDITORS
Amounts falling due within one year 7 318,289 218,776
NET CURRENT ASSETS/(LIABILITIES) 8,063 (104,630 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,059,435

1,950,655

CREDITORS
Amounts falling due after more than one
year

8

(583,306

)

(625,473

)

PROVISIONS FOR LIABILITIES (55,000 ) (57,700 )
NET ASSETS 1,421,129 1,267,482

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 1,421,029 1,267,382
SHAREHOLDERS' FUNDS 1,421,129 1,267,482

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

ROOT2LEAN LIMITED (REGISTERED NUMBER: 05452366)

BALANCE SHEET - continued
30 APRIL 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2024 and were signed on its behalf by:





Mrs D Vann - Director


ROOT2LEAN LIMITED (REGISTERED NUMBER: 05452366)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Root2Lean Limited is a private company, limited by shares , registered in Not specified/Other. 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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

The company has taken advantage of the exemption available to small entities not to restate comparative information to comply with the fair value measurement requirements of sections 11 and 12 of FRS 102.

Turnover
Turnover represents revenue recognised by the company in respect of services supplied during the period, excluding value added tax.

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 - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Investments
Investments are included at fair value at the balance sheet date and any changes in their fair value between the previous year end or acquisition, as applicable are recognised in the profit and loss account.

In previous years all investments were stated at cost less impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


ROOT2LEAN LIMITED (REGISTERED NUMBER: 05452366)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES

The average number of employees during the year was 10 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 6,794 16,137 26,625 16,552 66,108
Additions 367 - - 502 869
Disposals - - - (12,181 ) (12,181 )
At 30 April 2024 7,161 16,137 26,625 4,873 54,796
DEPRECIATION
At 1 May 2023 2,248 8,308 18,463 15,323 44,342
Charge for year 1,214 1,957 2,040 525 5,736
Eliminated on disposal - - - (12,085 ) (12,085 )
At 30 April 2024 3,462 10,265 20,503 3,763 37,993
NET BOOK VALUE
At 30 April 2024 3,699 5,872 6,122 1,110 16,803
At 30 April 2023 4,546 7,829 8,162 1,229 21,766

ROOT2LEAN LIMITED (REGISTERED NUMBER: 05452366)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 2,033,519
Additions 1,050
At 30 April 2024 2,034,569
NET BOOK VALUE
At 30 April 2024 2,034,569
At 30 April 2023 2,033,519


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 165,608 79,163
Other debtors 18,445 910
184,053 80,073

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 42,167 7,028
Trade creditors 25,783 12,841
Taxation and social security 101,450 65,231
Other creditors 148,889 133,676
318,289 218,776

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 583,306 625,473

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

ROOT2LEAN LIMITED (REGISTERED NUMBER: 05452366)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. RESERVES
Retained
earnings
£   

At 1 May 2023 1,267,382
Profit for the year 228,647
Dividends (75,000 )
At 30 April 2024 1,421,029

Retained earnings include non-distributable reserves of £269,669

11. RELATED PARTY DISCLOSURES

Included in Other creditors is an amount of £141,053 due to the directors (2023 - £128,500).