Registered number
09833199
Levy Special Projects Ltd
Filleted Accounts
31 October 2024
Levy Special Projects Ltd
Registered number: 09833199
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 330,498 330,555
Current assets
Debtors 4 27,331 11,138
Cash at bank and in hand 115,845 84,337
143,176 95,475
Creditors: amounts falling due within one year 5 (66,523) (68,089)
Net current assets 76,653 27,386
Net assets 407,151 357,941
Capital and reserves
Called up share capital 200 200
Profit and loss account 406,951 357,741
Shareholders' funds 407,151 357,941
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Abu Fotheh Choudhury
Director
Approved by the board on 18 March 2025
Levy Special Projects Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 33% on reducing balance basis
Fixtures, fittings, tools and equipment 33% on reducing balance basis
Investments
Investment Property is measured at fair value. Chnages in Fair Value are recognised in profit or loss. Fair Value is estimated by the director.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2023 329,454 4,427 217 334,098
Additions - 457 - 457
At 31 October 2024 329,454 4,884 217 334,555
Depreciation
At 1 November 2023 - 3,339 204 3,543
Charge for the year - 510 4 514
At 31 October 2024 - 3,849 208 4,057
Net book value
At 31 October 2024 329,454 1,035 9 330,498
At 31 October 2023 329,454 1,088 13 330,555
Property cost and fair value remains the same per director valuation
4 Debtors 2024 2023
£ £
Trade debtors 26,600 10,440
Other debtors 731 698
27,331 11,138
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 39,479 46,420
Accruals 930 930
Custom & Excise 7,883 9,573
Director's account 12,841 11,166
Rent Received in Advance 5,390 -
66,523 68,089
6 Related party transactions
During the year, the ocmpany has paid divdends of £40,000 (2023: £36,000) to one director shareholder. While paid £34,000 (2023: 29,000) in dividends to the other director shareholder who waived off taking the dividends equally.

The company has paid milage allowance of £4,575 (2023: £5,270) to the director of the company for year ended 31 October 2024. The milage allowance is included in motor expenses.

The company also paid £1,440 (2023: £1,320) for use of home as office to one of the director.

At the year end the director account was £12,841 in credit (2023: £11,166 Cr). While the other director account balance is nil.
7 Controlling party
By Virtue of Shareholding, the two directors jointly control the company.
8 Going Concern
The Directors have reviewed a period of 12 months from approval of these financial statements and concluded the company is able to meets its liablities as they fall due. As a result it is appropriate to prepare the accounts on a going concenr basis.
9 Other information
Levy Special Projects Ltd is a private company limited by shares and incorporated in England. Its registered office is:
128 Ecceleston
Crescent
Romford
RM6 4RD
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