Automotive Lean Consulting Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Automotive Lean Consulting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07695854 .

The registered office is at The Laurels , 22 Horn Street, Winslow, Buckingham, MK18 3AL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered and supoprting items supplied, net of discounts and Value Added Tax.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

Revenue is recognised when there is an entitlement to receive consideration for the services provided.

2.3. Tangible Fixed Assets and Depreciation

Tangible assets are initially recorded at cost, and subsequently stated at cost less accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation or impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life as follows:

Motor Vehicles	20% reducing balance
Office Equipment	33% straightline
Computer Equipment	33% straightline

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

2.4. Financial Instruments

Debtors and Creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses from impairment or amounts written off are recognised in the profit and loss account.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including related costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment if applicable. Impairment is computed as the difference between the carrying value of an asset and best estimate of the recoverable amount if sold in the open market at balance sheet date. If an arrangement constitutes a finance transaction it is measured at present value.

Cash at bank and in hand

Cash at bank and in hand is represented by cash in hand and deposits with financial institutions repayable without penalty within three months. Cash equivalents are highly liquid investments that mature within three months from date of acquisition or deposit or notice of withdrawal and are readily convertible to known amounts of cash with insignificant risks of a change in value.

...CONTINUED

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Automotive Lean Consulting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.4. Financial Instruments - continued

Provisions for liabilities

Provisions for liabilities are made where an event has taken place that gives the company a legal or constructive obligation and a reliable estimate can be made of the amount payable, or that may become payable, taking into account relevant facts, risks, uncertainties and stages of negotiation of a settlement sum.

2.5. Taxation

The income tax expense represents the sum of the tax currently payable and deferred tax.

Current tax payable

The tax currently payable is based on taxable profit for the year.

Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.

Deferred tax liabilities are generally recognised for all taxable timing differences.

Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or Deferred tax

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they are paid or become payable in accordance with the rules of the scheme.

2.7. Impairment of assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist.

Where the carrying value exceeds the recoverable amount, the asset is impaired and a deficit recognised in the Profit & Loss Account. Prior years impairments are also reviewed for possible reversal at each reporting date.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 3)

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Automotive Lean Consulting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	49,395	2,367	51,762
Additions	-	274	274

As at 31 March 2026	49,395	2,641	52,036

Depreciation
As at 1 April 2025	17,060	1,437	18,497
Provided during the period	6,467	569	7,036

As at 31 March 2026	23,527	2,006	25,533

Net Book Value
As at 31 March 2026	25,868	635	26,503

As at 1 April 2025	32,335	930	33,265

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	21,798	4,871
Prepayments and accrued income	125	274
Directors' loan accounts	-	1,376

	21,923	6,521

The director's loan is unsecured, interest free and repayable on demand.

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Corporation tax	3,050	7,791
PAYE/NIC payable	12,808	1,658
VAT	8,748	10,487
Invoiced on Account	2,886	-
Accruals and deferred income	2,971	8,393
Directors' loan accounts	6,235	662

	36,698	28,991

The director's loans are unsecured, interest free and repayable on demand.

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Automotive Lean Consulting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Deferred Taxation

The provision for deferred tax relates to Capital Allowances for Tax Relief purposes in advance of depreciation of the respective assets as follows:

	2026	2025
	£	£
Accelerated capital allowances	5,036	6,321

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

9. Directors Advances, Credits and Guarantees

Included within Debtors and Creditors respectively are the following loans to or from directors:

	As at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Mr Timothy Scurlock	(1,376 )	87,552	(80,258 )	-	5,918
Mrs Alice Morgan	662	6,393	(6,738 )	-	317

The Directors loans are unsecured, interest free and repayable on demand.

Dividends were paid to the directors during the year as follows:

	2026	2025
	£	£
Alice Morgan	50	510
Timothy Scurlock	2,450	25,000

10. Dividends

	2026	2025
	£	£
On equity shares:
Interim dividend paid	2,500	25,510

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		26,503		33,265

			26,503		33,265
CURRENT ASSETS
Debtors	5	21,923		6,521
Cash at bank and in hand		11,315		8,505

		33,238		15,026
Creditors: Amounts Falling Due Within One Year	6	(36,698 )		(28,991 )

NET CURRENT ASSETS (LIABILITIES)			(3,460 )		(13,965 )

TOTAL ASSETS LESS CURRENT LIABILITIES			23,043		19,300

PROVISIONS FOR LIABILITIES
Deferred Taxation	7		(5,036 )		(6,321 )

NET ASSETS			18,007		12,979

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			17,907		12,879

SHAREHOLDERS' FUNDS			18,007		12,979