The Level Collective Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 10038493

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,682		4,076

			2,682		4,076
CURRENT ASSETS
Stocks		1,572		16,815
Debtors	5	-		1,324
Cash at bank and in hand		7,434		1,496

		9,006		19,635
Creditors: Amounts Falling Due Within One Year		(15,096 )		(14,337 )

NET CURRENT ASSETS (LIABILITIES)			(6,090 )		5,298

TOTAL ASSETS LESS CURRENT LIABILITIES			(3,408 )		9,374

NET (LIABILITIES)/ASSETS			(3,408 )		9,374

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			(3,508 )		9,274

SHAREHOLDERS' FUNDS			(3,408)		9,374

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The Level Collective Limited

Abridged Balance Sheet (continued)

As At 31 March 2025

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Mark Musgrave

Director

27th October 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

The Level Collective Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10038493 . The registered office is 3 Claremont Road, Redruth, Cornwall, TR15 1LP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3. Tangible Fixed Assets and Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor Vehicles	25% on reducing balance
Computer Equipment	33% on cost

2.4. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2.5. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 2)

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The Level Collective Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Total
	£
Cost
As at 1 April 2024	13,798

As at 31 March 2025	13,798

Depreciation
As at 1 April 2024	9,722
Provided during the period	1,394

As at 31 March 2025	11,116

Net Book Value
As at 31 March 2025	2,682

As at 1 April 2024	4,076

5. Debtors

	2025	2024
	£	£
Due after more than one year

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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