1 November 2023 false No description of principal activity Taxfiler 2024.6 09257374business:PrivateLimitedCompanyLtd2023-11-012024-10-31 092573742023-10-31 092573742023-11-012024-10-31 09257374business:AuditExemptWithAccountantsReport2023-11-012024-10-31 09257374business:AbridgedAccounts2023-11-012024-10-31 092573742024-10-31 092573742023-10-31 09257374core:WithinOneYear2024-10-31 09257374core:WithinOneYear2023-10-31 09257374core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 09257374core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 09257374core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 09257374core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 09257374core:PreviouslyStatedAmount2024-10-31 09257374core:PreviouslyStatedAmount2023-10-31 09257374business:SmallEntities2023-11-012024-10-31 09257374business:Director12023-11-012024-10-31 09257374countries:EnglandWales2023-11-012024-10-31 09257374business:RegisteredOffice2023-11-012024-10-31 092573742022-11-012023-10-31 iso4217:GBP xbrli:pure
LevelHeaded Financial Management Limited Unaudited accounts Contents
Page
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LevelHeaded Financial Management Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,042 
392 
Current assets
Debtors
2,159 
3,074 
Cash at bank and in hand
10,389 
10,741 
12,548 
13,815 
Creditors: amounts falling due within one year
(124)
(843)
Net current assets
12,424 
12,972 
Total assets less current liabilities
14,466 
13,364 
Provisions for liabilities
Deferred tax
(389)
(75)
Net assets
14,077 
13,289 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
13,877 
13,089 
Shareholders' funds
14,077 
13,289 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 February 2025 and were signed on its behalf by
G Oliver Director Company Registration No. 09257374
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LevelHeaded Financial Management Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
LevelHeaded Financial Management Limited is a private company, limited by shares, registered in England and Wales, registration number 09257374. The registered office is 4 STANBURY CLOSE, THRUXTON, ANDOVER, HAMPSHIRE, SP11 8QD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Computer Equipment - 2 years straight line
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 November 2023
5,050 
Additions
3,065 
Disposals
(2,529)
At 31 October 2024
5,586 
Depreciation
At 1 November 2023
4,658 
Charge for the year
1,415 
On disposals
(2,529)
At 31 October 2024
3,544 
Net book value
At 31 October 2024
2,042 
At 31 October 2023
392 
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LevelHeaded Financial Management Limited Notes to the Accounts for the year ended 31 October 2024
5
Transactions with related parties
The directors charged the company rent of £320 (2023: £340). The directors also made an interest free loan to the company of £320 (2023: £340).
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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