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Registration number: 14464274

A Level-Up Limited

Annual Report and Unaudited Abridged Financial Statements

for the Period from 5 November 2022 to 30 November 2023

 

A Level-Up Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 4

iXBRL Detailed Profit and Loss Account

5

 

A Level-Up Limited

Company Information

Director

E J Wright

Registered office

36 Centurion Court
83 Camp Road
St. Albans
Hertfordshire
AL1 5JN

Accountants

Peter Cooper Bookkeeping & Accountancy Limited
140 Cooper's Yard
Paynes Park
Hitchin
Hertfordshire
SG5 1AU

 

A Level-Up Limited

(Registration number: 14464274)
Abridged Balance Sheet as at 30 November 2023

Note

2023
£

Current assets

 

Cash at bank and in hand

 

57,984

Creditors: Amounts falling due within one year

(12,788)

Total assets less current liabilities

 

45,196

Accruals and deferred income

 

(500)

Net assets

 

44,696

Capital and reserves

 

Called up share capital

4

1

Retained earnings

44,695

Shareholders' funds

 

44,696

For the financial period ending 30 November 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 period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 24 July 2024
 

.........................................
E J Wright
Director

 

A Level-Up Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 5 November 2022 to 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
36 Centurion Court
83 Camp Road
St. Albans
Hertfordshire
AL1 5JN
England

These financial statements were authorised for issue by the director on 24 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

A Level-Up Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 5 November 2022 to 30 November 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Share capital

Allotted, called up and fully paid shares

2023

No.

£

Ordnary of £1 each

1

1

   
 

A Level-Up Limited

iXBRL Detailed Profit and Loss Account for the Period from 5 November 2022 to 30 November 2023

2023
£

Turnover/revenue

67,625

Cost of sales

Opening stock/inventories

-

Purchase of raw materials and consumables

(379)

Closing stock/inventories

-

Other staff costs excluding directors

(350)

Gross profit

66,896

Distribution costs

Administrative expenses

Audit and accountancy other services

(500)

Advertising, promotions and marketing costs

(78)

Vehicle costs

(2,878)

Salaries and fees, directors

(5,950)

Travel and subsistence

(294)

Bank charges

(7)

IT and computing

(198)

Telecommunications

(293)

Printing, postage and stationery

(89)

Other costs

(12)

Other operating income

Other items

Profit on ordinary activities before taxation

56,597

Tax on profit or loss on ordinary activities

(10,902)

Profit for the financial period

45,695