Company Registration Number: 02696643 (England and Wales)

Leverswift Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 10

Leverswift Limited

Company Information

Director

Alan Palmer

Registered office

2nd Floor Gerrards Cross Memorial Centre 8 East Common Gerrards Cross Buckinghamshire SL9 7AD

Accountants

Russell Phillips Limited Chartered Accountants2nd Floor Gerrards Cross Memorial Centre 8 East Common Gerrards Cross Buckinghamshire SL9 7AD

Leverswift Limited

(Registration number: 02696643)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	53,062	25,881
Current assets
Stocks	5	19,403	22,390
Debtors	6	184,083	184,539
Cash at bank and in hand		112,018	100,992
		315,504	307,921
Creditors: Amounts falling due within one year	7	(216,268)	(269,869)
Net current assets		99,236	38,052
Total assets less current liabilities		152,298	63,933
Creditors: Amounts falling due after more than one year	7	(30,650)	(21,188)
Provisions for liabilities		(10,082)	(4,576)
Net assets		111,566	38,169
Capital and reserves
Called up share capital	8	100	100
Retained earnings		111,466	38,069
Shareholders' funds		111,566	38,169

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 September 2025
 

......................................... Alan Palmer Director

Leverswift Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2nd Floor
Gerrards Cross Memorial Centre
8 East Common
Gerrards Cross
Buckinghamshire
SL9 7AD

These financial statements were authorised for issue by the director on 29 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Leverswift Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & machinery	25% on written down value
Motor vehicles	25% on written down value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leverswift Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 13 (2024 - 11).

Leverswift Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	106,486	24,266	130,752
Additions	35,895	-	35,895
At 31 March 2025	142,381	24,266	166,647
Depreciation
At 1 April 2024	81,260	23,611	104,871
Charge for the year	8,550	164	8,714
At 31 March 2025	89,810	23,775	113,585
Carrying amount
At 31 March 2025	52,571	491	53,062
At 31 March 2024	25,226	655	25,881

5

Stocks

	2025 £	2024 £
Finished goods and goods for resale	19,403	22,390

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		4,699	300
Amounts owed by related parties	11	163,195	163,195
Other debtors		16,189	21,044
		184,083	184,539

Leverswift Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	24,846	16,449
Trade creditors		22,928	52,294
Amounts owed to group undertakings and undertakings in which the company has a participating interest	11	143,750	189,994
Taxation and social security		7,181	7,792
Accruals and deferred income		17,299	5,145
Other creditors		264	(1,805)
		216,268	269,869

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	30,650	21,188

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary share of £1 each	100	100	100	100

Leverswift Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	3,554	12,701
Hire purchase contracts	27,096	8,487
	30,650	21,188

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	9,000	9,000
Hire purchase contracts	15,846	7,449
	24,846	16,449

10

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £180.00 (2024 - £Nil) per each Ordinary share		18,000		-

Leverswift Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

11	Related party transactions

Transactions with the director

2025	At 1 April 2024 £	Advances to director £	Other payments made to company by director £	At 31 March 2025 £
Alan Palmer
	3,000	15,000	(18,000)	-

2024	At 1 April 2023 £	Advances to director £	At 31 March 2024 £
Alan Palmer
	(4,963)	7,963	3,000

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	-	33,000

Summary of transactions with associates

Pack and Go Limited

Loans from related parties

2025	Associates £	Total £
At start of period	(189,994)	(189,994)
Advanced	(77,885)	(77,885)
Repaid	124,130	124,130
At end of period	(143,749)	(143,749)

2024	Associates £	Total £
At start of period	(187,294)	(187,294)
Advanced	(103,763)	(103,763)
Repaid	101,063	101,063
At end of period	(189,994)	(189,994)

Leverswift Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Summary of transactions with other related parties

Calamar Rapido-Transportes e Mundacas LDA

Loans to related parties

2025	Other related parties £	Total £
At start of period	163,195	163,195
At end of period	163,195	163,195

2024	Other related parties £	Total £
At start of period	163,195	163,195
At end of period	163,195	163,195