LEVELPEAK LIMITED


Director	Wang, Tom Yuda


Registered Number	01989589 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		232,887		237,913
			232,887		237,913
Current assets
Stocks		126,444		128,468
Debtors	4	521,095		456,539
Cash at bank and on hand		-		8,759
		647,539		593,766
Creditors amounts falling due within one year	5	(353,422)		(266,638)
Net current assets (liabilities)			294,117		327,128
Total assets less current liabilities			527,004		565,041
Creditors amounts falling due after one year	6		(216,784)		(263,044)
Provisions for liabilities	7		(2,831)		(2,831)
Net assets			307,389		299,166
Capital and reserves
Called up share capital			100		100
Revaluation reserve			129,523		129,523
Profit and loss account			177,766		169,543
Shareholders' funds			307,389		299,166

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 16 December 2025, and are signed on its behalf by:

Wang, Tom Yuda
Director
Registered Company No. 01989589

LEVELPEAK LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	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 policy
	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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Current 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 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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	8		9

3.	Tangible fixed assets

	Land & buildings	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 24	245,000	41,719	5,122	706	292,547
Additions	-	-	-	1,964	1,964
At 31 March 25	245,000	41,719	5,122	2,670	294,511
Depreciation and impairment
At 01 April 24	14,232	35,900	4,345	157	54,634
Charge for year	4,960	1,455	195	380	6,990
At 31 March 25	19,192	37,355	4,540	537	61,624
Net book value
At 31 March 25	225,808	4,364	582	2,133	232,887
At 31 March 24	230,768	5,819	777	549	237,913

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	1,425	5,228
Amounts owed by group undertakings	489,262	449,262
Prepayments and accrued income	30,408	2,049
Total	521,095	456,539

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	68,308	64,284
Bank borrowings and overdrafts	154,284	82,238
Taxation and social security	59,965	41,196
Other creditors	69,470	77,319
Accrued liabilities and deferred income	1,395	1,601
Total	353,422	266,638

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	216,784	263,044
Total	216,784	263,044

7.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	2,831	2,831
Total	2,831	2,831

8.	Related party transactions
	Amounts owed by group undertakings relates to the following; £461,956 (2024: £421,956) SPV Trafford Fireplaces Ltd, this is the holding company. £27,306 (2024: £27,306) IMUK Group Ltd, this is the ultimate holding company. Included in other creditors is the director's current account balance of £41 (2024: £41).