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REGISTERED NUMBER: SC140009 (Scotland)












Financial Statements for the Year Ended 31 August 2024

for

LEVELMAKE LIMITED

LEVELMAKE LIMITED (REGISTERED NUMBER: SC140009)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LEVELMAKE LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTORS: K G Coutts
R D Coutts





REGISTERED OFFICE: 8 Charleton Park
Montrose
Angus
DD10 9XB





REGISTERED NUMBER: SC140009 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

LEVELMAKE LIMITED (REGISTERED NUMBER: SC140009)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,702 2,557

CURRENT ASSETS
Debtors 5 18,478 20,194
Cash at bank 86,770 45,280
105,248 65,474
CREDITORS
Amounts falling due within one year 6 44,201 40,173
NET CURRENT ASSETS 61,047 25,301
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,749

27,858

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 63,747 27,856
SHAREHOLDERS' FUNDS 63,749 27,858

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:




K G Coutts - Director


LEVELMAKE LIMITED (REGISTERED NUMBER: SC140009)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Levelmake Limited 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
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.

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.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost and 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement 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 2 (2023 - 2 ) .

LEVELMAKE LIMITED (REGISTERED NUMBER: SC140009)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 956 3,795 9,593 14,344
Additions - - 1,372 1,372
Disposals (956 ) - (3,821 ) (4,777 )
At 31 August 2024 - 3,795 7,144 10,939
DEPRECIATION
At 1 September 2023 651 2,893 8,243 11,787
Charge for year - - 870 870
Eliminated on disposal (651 ) - (3,769 ) (4,420 )
At 31 August 2024 - 2,893 5,344 8,237
NET BOOK VALUE
At 31 August 2024 - 902 1,800 2,702
At 31 August 2023 305 902 1,350 2,557

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,350 14,730
Other debtors 4,128 5,464
18,478 20,194

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 37,890 38,901
Other creditors 6,311 1,272
44,201 40,173

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £69,598 were paid to the directors .

The company was under control of Mr K Coutts & Mr R Coutts throughout the current and previous year.

During the year the directors advanced the company net amounts totalling £2,352. As at 31 August 2024 included within other creditors is a balance outstanding due to the directors of £2,654 (2023 - £302). No interest has been paid on this loan.