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Registered number: 11630563
Levantine Express Ltd
Financial Statements
For The Year Ended 31 October 2024
Sloane & Co. LLP
Chartered Certified Accountants & Business Advisors
Office 015
30 Great Guildford Street
Borough, London
SE1 0HS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11630563
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,010 3,874
9,010 3,874
CURRENT ASSETS
Debtors 5 37,860 92,266
Cash at bank and in hand 197,692 175,934
235,552 268,200
Creditors: Amounts Falling Due Within One Year 6 (10,099 ) (80,599 )
NET CURRENT ASSETS (LIABILITIES) 225,453 187,601
TOTAL ASSETS LESS CURRENT LIABILITIES 234,463 191,475
NET ASSETS 234,463 191,475
CAPITAL AND RESERVES
Called up share capital 7 897,423 514,000
Profit and Loss Account (662,960 ) (322,525 )
SHAREHOLDERS' FUNDS 234,463 191,475
Page 1
Page 2
For the year ending 31 October 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Rima Hijazi
Director
24 July 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Levantine Express Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11630563 . The registered office is Building 3 566 Chiswick High Road, London, W4 5YA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 4)
3 4
Page 3
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 4,768 - 4,768
Additions 2,614 3,930 6,544
As at 31 October 2024 7,382 3,930 11,312
Depreciation
As at 1 November 2023 894 - 894
Provided during the period 1,120 288 1,408
As at 31 October 2024 2,014 288 2,302
Net Book Value
As at 31 October 2024 5,368 3,642 9,010
As at 1 November 2023 3,874 - 3,874
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 37,860 92,266
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Other creditors 3,064 77,864
Taxation and social security 7,035 2,734
10,099 80,599
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 897,423 514,000
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