Lean Journeys Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06673832 (England and Wales)

LEAN JOURNEYS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTOR:

S A Roberts

SECRETARY:

Inspired Accountants Limited

REGISTERED OFFICE:

4 Parkside Court

Greenhough Road

Lichfield

Staffordshire

WS13 7AU

REGISTERED NUMBER:

06673832 (England and Wales)

FIXED ASSETS

Tangible assets

2

709

1,527

Investments

3

50

-

759

1,527

CURRENT ASSETS

Debtors

41,720

26,794

Cash at bank

3,180

17,619

44,900

44,413

CREDITORS

Amounts falling due within one year

22,163

4,786

NET CURRENT ASSETS

22,737

39,627

TOTAL ASSETS LESS CURRENT LIABILITIES

23,496

41,154

PROVISIONS FOR LIABILITIES

228

305

NET ASSETS

23,268

40,849

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

23,168

40,749

SHAREHOLDERS' FUNDS

23,268

40,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26 May 2017 and were signed by:

S A Roberts - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, 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 etc

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

14,895

Additions

631

At 31 August 2016

15,526

DEPRECIATION

At 1 September 2015

13,368

Charge for year

1,449

At 31 August 2016

14,817

NET BOOK VALUE

At 31 August 2016

709

At 31 August 2015

1,527

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

50

At 31 August 2016

50

NET BOOK VALUE

At 31 August 2016

50

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

50

Ordinary

£1

50

50

50

A Ordinary

£1

50

50

100

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2016 and

31 August 2015:

2016

2015

£

£

S A Roberts

Balance outstanding at start of year

26,445

3,943

Amounts advanced

39,792

63,886

Amounts repaid

(44,983

)

(41,384

)

Balance outstanding at end of year

21,254

26,445

Beneficial loan interest has been charged to the loan account during the year.

The loan account has been been repaid within nine months of the year end.