REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
25 January 2021 to 31 December 2021 |
for |
3level3 Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
25 January 2021 to 31 December 2021 |
for |
3level3 Ltd |
3level3 Ltd (Registered number: 13155666) |
Contents of the Financial Statements |
for the Period 25 January 2021 to 31 December 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
3level3 Ltd |
Company Information |
for the Period 25 January 2021 to 31 December 2021 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Bennett House |
The Dean |
Alresford |
Hampshire |
SO24 9BH |
3level3 Ltd (Registered number: 13155666) |
Balance Sheet |
31 December 2021 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
3level3 Ltd (Registered number: 13155666) |
Notes to the Financial Statements |
for the Period 25 January 2021 to 31 December 2021 |
1. | STATUTORY INFORMATION |
3level3 Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The director considers the use of the going concern basis of accounting appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern. The financial statements have therefore been prepared on a going concern basis. The director has confirmed that he will continue to support the company and will not recall his loan if it would render the company unable to pay its liabilities as they fall due. |
Tangible fixed assets |
Computer equipment | - |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
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. |
3. | EMPLOYEES |
The average number of employees during the period was NIL. |
3level3 Ltd (Registered number: 13155666) |
Notes to the Financial Statements - continued |
for the Period 25 January 2021 to 31 December 2021 |
4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
Additions |
At 31 December 2021 |
DEPRECIATION |
Charge for period |
At 31 December 2021 |
NET BOOK VALUE |
At 31 December 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Deferred tax asset |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Directors' current accounts | 9,795 |
Accrued expenses |
7. | DEFERRED TAX |
£ |
Accelerated capital allowances | 295 |
Unrelieved trading losses | (1,868 | ) |
Balance at 31 December 2021 | ( |
) |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 1 |
1 Ordinary share of £1 was issued during the period |
9. | RELATED PARTY DISCLOSURES |
Mr E T Searle |
Director |
During the period under review Mr E T Searle incurred expenses on behalf of the company amounting to £9,396. |
£ |
Amount due to related party at the balance sheet date | 9,795 |
3level3 Ltd (Registered number: 13155666) |
Notes to the Financial Statements - continued |
for the Period 25 January 2021 to 31 December 2021 |
10. | ULTIMATE CONTROLLING PARTY |
During the period under review the company was under the control of Mr E T Searle, the sole director and shareholder. |