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Company Registration No. 09022758 (England and Wales)
Lvl Up Gaming Ltd Unaudited accounts for the period from 30 May 2023 to 31 May 2024
Lvl Up Gaming Ltd Unaudited accounts Contents
Page
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Lvl Up Gaming Ltd Company Information for the period from 30 May 2023 to 31 May 2024
Directors
Karl Williams David Grant Paterson James Ronald Flood Shaun Nicholas Caley
Company Number
09022758 (England and Wales)
Registered Office
266 Charminster Road Bournemouth Dorset BH8 9RS United Kingdom
Accountants
Accurate Complete Accounting Ltd Upper Ground Floor Streate Place, St Peters Road Bournemouth Dorset BH1 2LT
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Lvl Up Gaming Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
3,969 
5,292 
Tangible assets
858 
640 
4,827 
5,932 
Current assets
Inventories
316,128 
208,890 
Debtors
4,016 
7,362 
Cash at bank and in hand
(11,117)
(14,796)
309,027 
201,456 
Creditors: amounts falling due within one year
(265,953)
(121,078)
Net current assets
43,074 
80,378 
Total assets less current liabilities
47,901 
86,310 
Creditors: amounts falling due after more than one year
(20,000)
(38,376)
Net assets
27,901 
47,934 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
27,801 
47,834 
Shareholders' funds
27,901 
47,934 
For the period ending 31 May 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by
Karl Williams Director Company Registration No. 09022758
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Lvl Up Gaming Ltd Notes to the Accounts for the period from 30 May 2023 to 31 May 2024
1
Statutory information
Lvl Up Gaming Ltd is a private company, limited by shares, registered in England and Wales, registration number 09022758. The registered office is 266 Charminster Road, Bournemouth, Dorset, BH8 9RS, United Kingdom.
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 period, 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 30 May 2023
13,227 
At 31 May 2024
13,227 
Amortisation
At 30 May 2023
7,935 
Charge for the period
1,323 
At 31 May 2024
9,258 
Net book value
At 31 May 2024
3,969 
At 29 May 2023
5,292 
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Lvl Up Gaming Ltd Notes to the Accounts for the period from 30 May 2023 to 31 May 2024
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 30 May 2023
1,600 
Additions
504 
At 31 May 2024
2,104 
Depreciation
At 30 May 2023
960 
Charge for the period
286 
At 31 May 2024
1,246 
Net book value
At 31 May 2024
858 
At 29 May 2023
640 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,252 
6,321 
Trade debtors
764 
681 
Other debtors
- 
360 
4,016 
7,362 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
(1,236)
(1,236)
Trade creditors
61,469 
33,442 
Taxes and social security
957 
14,612 
Other creditors
49,666 
45,896 
Loans from directors
154,547 
27,364 
Accruals
550 
1,000 
265,953 
121,078 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
20,000 
38,376 
9
Average number of employees
During the period the average number of employees was 6 (2023: 6).
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