Registered number
05249394
Levland Ltd
Filleted Accounts
31 October 2024
Levland Ltd
Registered number: 05249394
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 39,697 6,635
Current assets
Stocks 1,928 1,909
Debtors 4 9,449 5,058
Cash at bank and in hand 122,612 76,816
133,989 83,783
Creditors: amounts falling due within one year 5 (9,679) (18,812)
Net current assets 124,310 64,971
Total assets less current liabilities 164,007 71,606
Creditors: amounts falling due after more than one year 6 (34,248) -
Net assets 129,759 71,606
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 128,759 70,606
Shareholders' funds 129,759 71,606
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.
S McFarland
Director
Approved by the board on 23 July 2025
Levland 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 4 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2023 8,755 37,949 46,704
Additions 1,446 41,540 42,986
At 31 October 2024 10,201 79,489 89,690
Depreciation
At 1 November 2023 8,349 31,720 40,069
Charge for the year 370 9,554 9,924
At 31 October 2024 8,719 41,274 49,993
Net book value
At 31 October 2024 1,482 38,215 39,697
At 31 October 2023 406 6,229 6,635
4 Debtors 2024 2023
£ £
Trade debtors 781 355
Other debtors 8,668 4,703
9,449 5,058
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 6,445 14,712
Taxation and social security costs 2,046 2,912
Other creditors 1,188 1,188
9,679 18,812
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 34,248 -
7 Other information
Levland Ltd is a private company limited by shares and incorporated in England. Its registered office is:
30 Spinnerette Close
Leigh
Lancashire
WN7 2HP
Levland Ltd 05249394 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts April 2025 S McFarland No description of principal activity 05249394 2022-11-01 2023-10-31 05249394 core:WithinOneYear 2023-10-31 05249394 core:AfterOneYear 2023-10-31 05249394 core:ShareCapital 2023-10-31 05249394 core:RetainedEarningsAccumulatedLosses 2023-10-31 05249394 2023-11-01 2024-10-31 05249394 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05249394 bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05249394 bus:Director40 2023-11-01 2024-10-31 05249394 1 2023-11-01 2024-10-31 05249394 2 2023-11-01 2024-10-31 05249394 core:PlantMachinery 2023-11-01 2024-10-31 05249394 core:Vehicles 2023-11-01 2024-10-31 05249394 countries:England 2023-11-01 2024-10-31 05249394 bus:FRS102 2023-11-01 2024-10-31 05249394 bus:FilletedAccounts 2023-11-01 2024-10-31 05249394 2024-10-31 05249394 core:WithinOneYear 2024-10-31 05249394 core:AfterOneYear 2024-10-31 05249394 core:ShareCapital 2024-10-31 05249394 core:RetainedEarningsAccumulatedLosses 2024-10-31 05249394 core:PlantMachinery 2024-10-31 05249394 core:Vehicles 2024-10-31 05249394 2023-10-31 05249394 core:PlantMachinery 2023-10-31 05249394 core:Vehicles 2023-10-31 iso4217:GBP xbrli:pure