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REGISTERED NUMBER: SC545386 (Scotland)















Levo Creative Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024






Levo Creative Ltd (Registered number: SC545386)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Levo Creative Ltd

Company Information
for the year ended 31 March 2024







Director: B M Smith





Registered office: Springhill Cottage
16 Newton Road
Innellan
Dunoon
PA23 7SY





Registered number: SC545386 (Scotland)





Accountants: Cooper Parry Advisory Limited
250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP

Levo Creative Ltd (Registered number: SC545386)

Balance Sheet
31 March 2024

2024 2023
Notes £ £
Current assets
Debtors 4 828 3,236
Cash at bank 1,041 147
1,869 3,383
Creditors
Amounts falling due within one year 5 1,400 1,400
Net current assets 469 1,983
Total assets less current liabilities 469 1,983

Capital and reserves
Called up share capital 6 100 100
Retained earnings 369 1,883
Shareholders' funds 469 1,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 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 director and authorised for issue on 18 October 2024 and were signed by:





B M Smith - Director


Levo Creative Ltd (Registered number: SC545386)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Levo Creative Ltd is a private company, limited by shares , registered in Scotland. 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
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern
The company ceased to trade on 1 March 2022. As required by UK accounting standards, the director have prepared the financial statements on the basis that the company is no longer a going concern.

Despite ceasing to trade, the company has adequate support from the shareholders to continue as a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - straight line over 4 years.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial statements.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which includes debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Financial asserts classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Levo Creative Ltd (Registered number: SC545386)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


3. Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

4. Debtors: amounts falling due within one year
2024 2023
£ £
Amounts owed by group undertakings 371 -
Other debtors 457 3,236
828 3,236

5. Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors 1,400 1,400

6. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

7. Director's advances, credits and guarantees

Included within other debtors is an amount owed by the director of £Nil (2023: £1,660).