IRIS Accounts Production v22.1.4.3 09011028 Board of Directors Board of Directors 1.5.21 30.4.22 30.4.22 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure090110282021-04-30090110282022-04-30090110282021-05-012022-04-30090110282020-04-30090110282020-05-012021-04-30090110282021-04-3009011028ns16:EnglandWales2021-05-012022-04-3009011028ns15:PoundSterling2021-05-012022-04-3009011028ns11:Director12021-05-012022-04-3009011028ns11:Director22021-05-012022-04-3009011028ns11:PrivateLimitedCompanyLtd2021-05-012022-04-3009011028ns11:SmallEntities2021-05-012022-04-3009011028ns11:AuditExempt-NoAccountantsReport2021-05-012022-04-3009011028ns11:SmallCompaniesRegimeForDirectorsReport2021-05-012022-04-3009011028ns11:SmallCompaniesRegimeForAccounts2021-05-012022-04-3009011028ns11:FullAccounts2021-05-012022-04-300901102812021-05-012022-04-3009011028ns11:RegisteredOffice2021-05-012022-04-3009011028ns6:CurrentFinancialInstruments2022-04-3009011028ns6:CurrentFinancialInstruments2021-04-3009011028ns6:Non-currentFinancialInstruments2022-04-3009011028ns6:Non-currentFinancialInstruments2021-04-3009011028ns6:ShareCapital2022-04-3009011028ns6:ShareCapital2021-04-3009011028ns6:RetainedEarningsAccumulatedLosses2022-04-3009011028ns6:RetainedEarningsAccumulatedLosses2021-04-3009011028ns6:PatentsTrademarksLicencesConcessionsSimilar2021-05-012022-04-3009011028ns6:ComputerEquipment2021-05-012022-04-3009011028ns6:IntangibleAssetsOtherThanGoodwill2021-04-3009011028ns6:IntangibleAssetsOtherThanGoodwill2021-05-012022-04-3009011028ns6:IntangibleAssetsOtherThanGoodwill2022-04-3009011028ns6:IntangibleAssetsOtherThanGoodwill2021-04-3009011028ns6:ComputerEquipment2021-04-3009011028ns6:ComputerEquipment2022-04-3009011028ns6:ComputerEquipment2021-04-3009011028ns6:WithinOneYearns6:CurrentFinancialInstruments2022-04-3009011028ns6:WithinOneYearns6:CurrentFinancialInstruments2021-04-30
REGISTERED NUMBER: 09011028 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2022

FOR

NEW LEVEL RESULTS LIMITED

NEW LEVEL RESULTS LIMITED (REGISTERED NUMBER: 09011028)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NEW LEVEL RESULTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2022







DIRECTORS: A J Duncan
S Teague





REGISTERED OFFICE: 3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED





REGISTERED NUMBER: 09011028 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

NEW LEVEL RESULTS LIMITED (REGISTERED NUMBER: 09011028)

STATEMENT OF FINANCIAL POSITION
30TH APRIL 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 59,233 52,670
Tangible assets 5 2,950 379
62,183 53,049

CURRENT ASSETS
Debtors 6 20,471 15,985
Cash at bank 152,824 68,308
173,295 84,293
CREDITORS
Amounts falling due within one year 7 56,777 16,796
NET CURRENT ASSETS 116,518 67,497
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,701

120,546

CREDITORS
Amounts falling due after more than one
year

8

(35,427

)

(39,686

)

PROVISIONS FOR LIABILITIES (561 ) -
NET ASSETS 142,713 80,860

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 142,711 80,858
SHAREHOLDERS' FUNDS 142,713 80,860

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2022 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.

NEW LEVEL RESULTS LIMITED (REGISTERED NUMBER: 09011028)

STATEMENT OF FINANCIAL POSITION - continued
30TH APRIL 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th August 2022 and were signed on its behalf by:




S Teague - Director



A J Duncan - Director


NEW LEVEL RESULTS LIMITED (REGISTERED NUMBER: 09011028)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2022

1. STATUTORY INFORMATION

New Level Results Limited is a private company, limited by shares , registered in England and Wales. 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.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when the goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

The website portal is being amortised on a 25% reducing balance basis..

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Government grants
Coronavirus Job Retention Scheme (CJRS) grant income is recognised in the accounts on a straight line basis over the furlough period of each relevant employee.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - NIL ) .

NEW LEVEL RESULTS LIMITED (REGISTERED NUMBER: 09011028)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2022

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st May 2021 109,470
Additions 26,307
At 30th April 2022 135,777
AMORTISATION
At 1st May 2021 56,800
Charge for year 19,744
At 30th April 2022 76,544
NET BOOK VALUE
At 30th April 2022 59,233
At 30th April 2021 52,670

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st May 2021 768
Additions 3,555
At 30th April 2022 4,323
DEPRECIATION
At 1st May 2021 389
Charge for year 984
At 30th April 2022 1,373
NET BOOK VALUE
At 30th April 2022 2,950
At 30th April 2021 379

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 18,896 6,278
Other debtors 1,575 9,707
20,471 15,985

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 4,267 314
Trade creditors 9,283 7,090
Taxation and social security 33,219 7,811
Other creditors 10,008 1,581
56,777 16,796

NEW LEVEL RESULTS LIMITED (REGISTERED NUMBER: 09011028)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 35,427 39,686

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 17,151 21,894

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £1,509 (2021 - £18) to members of key management personnel. No interest has been charged to the company in respect of this loan which is repayable on demand and is presented within creditors due within one year.

New Level Results (Coaching) Ltd
During the year the company loaned £313 (2021: £nil) to the above company that is a subsidiary of New Level Results Limited. The amount of £313 (2021: £nil) remained outstanding as at the year end and is presented in current assets. No interest is charged on the balance.