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REGISTERED NUMBER: 02683340 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

LEVELCITY LIMITED
TRADING AS
BUSINESS EQUIPMENT CENTRE

LEVELCITY LIMITED (REGISTERED NUMBER: 02683340)
TRADING AS BUSINESS EQUIPMENT CENTRE






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LEVELCITY LIMITED
TRADING AS BUSINESS EQUIPMENT CENTRE

Company Information
for the Year Ended 30 November 2024







DIRECTOR: M C Bush





SECRETARY:





REGISTERED OFFICE: 798-806 Attercliffe Road
Sheffield
South Yorkshire
S9 3RS





REGISTERED NUMBER: 02683340 (England and Wales)





ACCOUNTANT: Hill and Co Accountants
106 Holme Lane
Hillsborough
Sheffield
South Yorkshire
S6 4JW

LEVELCITY LIMITED (REGISTERED NUMBER: 02683340)
TRADING AS BUSINESS EQUIPMENT CENTRE

Balance Sheet
30 November 2024

30/11/24 30/11/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,717 2,145
1,717 2,145

CURRENT ASSETS
Stocks 215 220
Debtors 6 3,101 6,287
Cash at bank 64,797 64,456
68,113 70,963
CREDITORS
Amounts falling due within one year 7 7,142 10,889
NET CURRENT ASSETS 60,971 60,074
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,688

62,219

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 62,684 62,215
62,688 62,219

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

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

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 30 March 2025 and were signed by:



M C Bush - Director


LEVELCITY LIMITED (REGISTERED NUMBER: 02683340)
TRADING AS BUSINESS EQUIPMENT CENTRE

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Levelcity 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.

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, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

LEVELCITY LIMITED (REGISTERED NUMBER: 02683340)
TRADING AS BUSINESS EQUIPMENT CENTRE

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 9,899
AMORTISATION
At 1 December 2023
and 30 November 2024 9,899
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 24,095
DEPRECIATION
At 1 December 2023 21,950
Charge for year 428
At 30 November 2024 22,378
NET BOOK VALUE
At 30 November 2024 1,717
At 30 November 2023 2,145

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Trade debtors 3,101 6,287

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Trade creditors 762 542
Taxation and social security 5,060 8,977
Other creditors 1,320 1,370
7,142 10,889