REGISTERED NUMBER: 04567068 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

I.Level Software Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L Roenn

Mrs H Roenn

SECRETARY:

Mrs H Roenn

REGISTERED OFFICE:

Badgemore House

Badgemore Park

Henely-on-Thames

Oxfordshire

RG9 4NR

REGISTERED NUMBER:

04567068 (England and Wales)

ACCOUNTANTS:

Knox & Eames Chartered Accountants

Badgemore House

Badgemore Park

Henley-on-Thames

Oxfordshire

RG9 4NR

FIXED ASSETS

Intangible assets

4

61,000

73,500

Tangible assets

5

1,482

1,976

62,482

75,476

CURRENT ASSETS

Debtors

6

48,258

36,682

Cash at bank

33,639

12,653

81,897

49,335

CREDITORS

Amounts falling due within one year

7

109,837

85,520

NET CURRENT LIABILITIES

(27,940

)

(36,185

)

TOTAL ASSETS LESS CURRENT LIABILITIES

34,542

39,291

CREDITORS

Amounts falling due after more than one year

8

34,540

39,289

NET ASSETS

2

2

CAPITAL AND RESERVES

Called up share capital

2

2

SHAREHOLDERS' FUNDS

2

2

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 January 2026 and were signed on its behalf by:

L Roenn - Director

1.	STATUTORY INFORMATION

I.Level Software Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and Land - Nil. Buildings - 2% per annum

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 or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

245,000

AMORTISATION

At 1 January 2024

171,500

Charge for year

12,500

At 31 December 2024

184,000

NET BOOK VALUE

At 31 December 2024

61,000

At 31 December 2023

73,500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

24,920

DEPRECIATION

At 1 January 2024

22,944

Charge for year

494

At 31 December 2024

23,438

NET BOOK VALUE

At 31 December 2024

1,482

At 31 December 2023

1,976

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

30,612

33,608

Other debtors

17,646

3,074

48,258

36,682

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

30,983

23,637

Taxation and social security

50,591

40,505

Other creditors

28,263

21,378

109,837

85,520

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

34,540

39,289

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

L Roenn

Balance outstanding at start of year

1,537

-

Amounts advanced

5,060

1,537

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,597

1,537

Mrs H Roenn

Balance outstanding at start of year

1,537

-

Amounts advanced

5,060

1,537

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,597

1,537