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REGISTERED NUMBER: 03747233 (England and Wales)






















Levelmint Limited
Trading as
The Mark Hill Salon

Unaudited Financial Statements for the Year Ended 30th April 2024






Levelmint Limited (Registered number: 03747233)
Trading as The Mark Hill Salon






Contents of the Financial Statements
for the year ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Levelmint Limited
Trading as The Mark Hill Salon

Company Information
for the year ended 30th April 2024







DIRECTOR: M A Hill





REGISTERED OFFICE: The Mark Hill Salon
Hogg Lane
Kirkella
Hull
East Yorkshire
HU10 7NU





REGISTERED NUMBER: 03747233 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA

Levelmint Limited (Registered number: 03747233)
Trading as The Mark Hill Salon

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 703 931
703 931

CURRENT ASSETS
Stocks 6 9,500 9,500
Debtors 7 721,579 722,320
Cash at bank and in hand 196,654 163,344
927,733 895,164
CREDITORS
Amounts falling due within one year 8 101,675 90,696
NET CURRENT ASSETS 826,058 804,468
TOTAL ASSETS LESS CURRENT
LIABILITIES

826,761

805,399

PROVISIONS FOR LIABILITIES 70 104
NET ASSETS 826,691 805,295

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 826,689 805,293
SHAREHOLDERS' FUNDS 826,691 805,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

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

Levelmint Limited (Registered number: 03747233)
Trading as The Mark Hill Salon

Balance Sheet - continued
30th April 2024


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 22nd November 2024 and were signed by:





M A Hill - Director


Levelmint Limited (Registered number: 03747233)
Trading as The Mark Hill Salon

Notes to the Financial Statements
for the year ended 30th April 2024

1. STATUTORY INFORMATION

Levelmint 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. The company adopted FRS 102A in the current year and an explanation of how transition to FRS 102A has affected the reported financial position and performance is given in the notes to the financial statements.

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

Goodwill
Goodwill is amortised over its estimated useful life of five years on a straight line basis.

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.

Tangible fixed assets
Tangible fixed assets are stated at costs (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as expected.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixture and fittings 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Levelmint Limited (Registered number: 03747233)
Trading as The Mark Hill Salon

Notes to the Financial Statements - continued
for the year ended 30th April 2024

2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past recording periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantially enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Employee 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 10
AMORTISATION
At 1st May 2023
and 30th April 2024 10
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 -

Levelmint Limited (Registered number: 03747233)
Trading as The Mark Hill Salon

Notes to the Financial Statements - continued
for the year ended 30th April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st May 2023
and 30th April 2024 59,856
DEPRECIATION
At 1st May 2023 58,925
Charge for year 228
At 30th April 2024 59,153
NET BOOK VALUE
At 30th April 2024 703
At 30th April 2023 931

6. STOCKS
2024 2023
£    £   
Stocks 9,500 9,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,841 5,072
Other debtors 713,241 712,680
Prepayments and accrued income 4,497 4,568
721,579 722,320

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,846 6,481
Corporation tax 55,351 41,633
Social security and other taxes 1,569 11,964
VAT 21,255 20,743
Other creditors 7,062 4,937
Director`s current account 1,697 1,032
Accruals and deferred income 3,895 3,906
101,675 90,696