2022-08-01 2023-07-31 false No description of principal activity Capium Accounts Production 1.1 13518864 bus:AbridgedAccounts 2022-08-01 2023-07-31 13518864 bus:Micro-entities 2022-08-01 2023-07-31 13518864 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 13518864 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 13518864 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 13518864 2022-08-01 2023-07-31 13518864 2023-07-31 13518864 bus:RegisteredOffice 2022-08-01 2023-07-31 13518864 core:WithinOneYear 2023-07-31 13518864 core:AfterOneYear 2023-07-31 13518864 bus:Director1 2022-08-01 2023-07-31 13518864 bus:Director1 2023-07-31 13518864 bus:Director1 2021-08-01 2022-07-31 13518864 2021-08-01 13518864 bus:CompanySecretary1 2022-08-01 2023-07-31 13518864 bus:LeadAgentIfApplicable 2022-08-01 2023-07-31 13518864 2021-08-01 2022-07-31 13518864 2022-07-31 13518864 core:WithinOneYear 2022-07-31 13518864 core:AfterOneYear 2022-07-31 13518864 bus:EntityAccountantsOrAuditors 2021-08-01 2022-07-31 13518864 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 13518864 bus:OrdinaryShareClass1 2023-07-31 13518864 bus:OrdinaryShareClass1 2021-08-01 2022-07-31 13518864 bus:OrdinaryShareClass1 2022-07-31 13518864 core:PlantMachinery 2022-08-01 2023-07-31 13518864 core:PlantMachinery 2023-07-31 13518864 core:PlantMachinery 2022-07-31 13518864 core:FurnitureFittings 2022-08-01 2023-07-31 13518864 core:FurnitureFittings 2023-07-31 13518864 core:FurnitureFittings 2022-07-31 13518864 core:ComputerEquipment 2022-08-01 2023-07-31 13518864 core:ComputerEquipment 2023-07-31 13518864 core:ComputerEquipment 2022-07-31 13518864 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-07-31 13518864 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-07-31 13518864 core:CostValuation core:Non-currentFinancialInstruments 2023-07-31 13518864 core:CostValuation core:Non-currentFinancialInstruments 2022-07-31 13518864 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-07-31 13518864 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-07-31 13518864 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-07-31 13518864 core:Non-currentFinancialInstruments 2023-07-31 13518864 core:Non-currentFinancialInstruments 2022-07-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 13518864
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 July 2023

for

LEVEL MOTORSPORT WIRING LTD

  2023   2022
    £ £   £ £
Fixed assets   7,161      10,742 
Current assets 18,712      14,952   
Creditors: amount falling due within one year (5,192)     (5,926)  
Net current assets   13,520      9,026 
Total assets less current liabilities   20,681      19,768 
Creditors: amount falling due after more than one year   (12,617)     (15,872)
Net assets   8,064      3,896 
 

         
Capital and reserves   8,064      3,896 
 
NOTES TO THE ACCOUNTS

General Information
Level Motorsport Wiring Ltd is a private company, limited by shares, registered in England and Wales, registration number 13518864, registration address Unit C, Cheesemans Industrial Estate, Caldicot Road, Rogiet, Monmouthshire, NP26 3TA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – 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.
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:
Plant and Machinery 25% Straight Line
Fixtures and Fittings 25% Straight Line
Office Equipment 25% Straight Line
2.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Office Equipment   Total
  £   £   £   £
At 01 August 2022 8,272    4,437    1,614    14,323 
Additions      
Disposals      
At 31 July 2023 8,272    4,437    1,614    14,323 
Depreciation
At 01 August 2022 2,068    1,109    404    3,581 
Charge for year 2,068    1,109    404    3,581 
On disposals      
At 31 July 2023 4,136    2,218    808    7,162 
Net book values
Closing balance as at 31 July 2023 4,136    2,219    806    7,161 
Opening balance as at 01 August 2022 6,204    3,328    1,210    10,742 


3.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).


For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 18 April 2024 and were signed by:


--------------------------------
Matt Sanderson
Director
1