ITS LEAN LIMITED - Accounts

ITS LEAN LIMITED
Contents Page
For the year ended 30 April 2025

Accountants' report	1
Statement of financial position	2
Notes to the financial statements	3

ITS LEAN LIMITED Accountants' Report For the year ended 30 April 2025
Report to the directors on the preparation of the unaudited statutory accounts of ITS LEAN LIMITED for the year ended 30 April 2025. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ITS LEAN LIMITED for the year ended 30 April 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/. This report is made solely to the Board of Directors of ITS LEAN LIMITED, as a body, in accordance with the terms of our engagement letter dated 15 November 2024. Our work has been undertaken solely to prepare for your approval the accounts of ITS LEAN LIMITED and state those matters that we have agreed to state to the Board of Directors of ITS LEAN LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ITS LEAN LIMITED and its Board of Directors as a body for our work or for this report. It is your duty to ensure that ITS LEAN LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ITS LEAN LIMITED. You consider that ITS LEAN LIMITED is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of ITS LEAN LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 30 April 2025. .................................................... RAGAVAN AND CO LTD CHARTERED CERTIFIED ACCOUNTANTS 240 GROVE LANE BIRMINGHAM WEST MIDLANDS B20 2EY 27 August 2025 1

ITS LEAN LIMITED
Accountants' Report
For the year ended 30 April 2025

Report to the directors on the preparation of the unaudited statutory accounts of ITS LEAN LIMITED for the year ended 30 April 2025.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ITS LEAN LIMITED for the year ended 30 April 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/.
This report is made solely to the Board of Directors of ITS LEAN LIMITED, as a body, in accordance with the terms of our engagement letter dated 15 November 2024. Our work has been undertaken solely to prepare for your approval the accounts of ITS LEAN LIMITED and state those matters that we have agreed to state to the Board of Directors of ITS LEAN LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ITS LEAN LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ITS LEAN LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ITS LEAN LIMITED. You consider that ITS LEAN LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ITS LEAN LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
30 April 2025.

....................................................
RAGAVAN AND CO LTD
CHARTERED CERTIFIED ACCOUNTANTS
240 GROVE LANE
BIRMINGHAM
WEST MIDLANDS
B20 2EY
27 August 2025

1

ITS LEAN LIMITED
Statement of Financial Position
As at 30 April 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	1,120	793
		1,120	793
Current assets
Debtors		36,595	20,161
Cash at bank and in hand		10,468	15,757
		47,063	35,918
Creditors: amount falling due within one year		(24,500)	(14,993)
Net current assets		22,563	20,925

Total assets less current liabilities		23,683	21,718
Provisions for liabilities		(58)	(58)
Net assets		23,625	21,660

Capital and reserves
Called up share capital	4	1	1
Profit and loss account		23,624	21,659
Shareholders' funds		23,625	21,660

For the year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 27 August 2025 and were signed on its behalf by:

-------------------------------
Malkit Singh Purewal
Director

2

ITS LEAN LIMITED
Notes to the Abridged Financial Statements
For the year ended 30 April 2025

General Information

ITS LEAN LIMITED is a private company, limited by shares, registered in , registration number 14061171, registration address 9 Augustine Grove, Sutton Coldfield, West Midlands, B74 4XX.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

20% Reducing Balance

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Computer Equipment	Total
	£	£	£
At 01 May 2024	-	991	991
Additions	608	-	608
Disposals	-	-	-
At 30 April 2025	608	991	1,599
Depreciation
At 01 May 2024	-	198	198
Charge for year	122	159	281
On disposals	-	-	-
At 30 April 2025	122	357	479
Net book values
Closing balance as at 30 April 2025	486	634	1,120
Opening balance as at 01 May 2024	-	793	793

4.

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
1 Class A share of £1.00 each	1		1
	1		1

3

Registered Number: 14061171

ITS LEAN LIMITED

Abridged Accounts

Period of accounts Start date: 01 May 2024 End date: 30 April 2025