REGISTERED NUMBER: 10379950 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 OCTOBER 2024 TO 31 MARCH 2026

FOR

LEVATE SOLUTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

P A Austin

J C Davies

A H Curtis

REGISTERED OFFICE:

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

REGISTERED NUMBER:

10379950 (England and Wales)

ACCOUNTANTS:

D.R.E. & Co. Limited

Chartered Accountants

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

FIXED ASSETS

Tangible assets

5

239,497

240,232

CURRENT ASSETS

Stocks

6

157,527

81,781

Debtors

7

394,805

599,961

Cash at bank and in hand

1,528,406

721,935

2,080,738

1,403,677

CREDITORS

Amounts falling due within one year

8

1,745,594

1,413,695

NET CURRENT ASSETS/(LIABILITIES)

335,144

(10,018

)

TOTAL ASSETS LESS CURRENT LIABILITIES

574,641

230,214

CREDITORS

Amounts falling due after more than one year

9

(53,143

)

(49,175

)

PROVISIONS FOR LIABILITIES

(23,219

)

(29,547

)

NET ASSETS

498,279

151,492

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

498,277

151,490

498,279

151,492

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2026 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 22 May 2026 and were signed on its behalf by:

P A Austin - Director

J C Davies - Director

A H Curtis - Director

1.	STATUTORY INFORMATION

Levate Solutions Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention. The accounts have been prepared on a going concern basis.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

Taxation for the period 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 period 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 21 (2024 - 17 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 October 2024

89,624

55,888

23,563

204,404

373,479

Additions

6,006

26,646

7,453

95,673

135,778

Disposals

-

-

-

(80,879

)

(80,879

)

At 31 March 2026

95,630

82,534

31,016

219,198

428,378

DEPRECIATION

At 1 October 2024

26,677

15,853

8,184

82,533

133,247

Charge for period

14,344

15,003

5,138

69,310

103,795

Eliminated on disposal

-

-

-

(48,161

)

(48,161

)

At 31 March 2026

41,021

30,856

13,322

103,682

188,881

NET BOOK VALUE

At 31 March 2026

54,609

51,678

17,694

115,516

239,497

At 30 September 2024

62,947

40,035

15,379

121,871

240,232

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 October 2024

151,420

Additions

95,673

Disposals

(27,895

)

Transfer to ownership

(61,755

)

At 31 March 2026

157,443

DEPRECIATION

At 1 October 2024

52,952

Charge for period

69,310

Eliminated on disposal

(18,580

)

Transfer to ownership

(41,649

)

At 31 March 2026

62,033

NET BOOK VALUE

At 31 March 2026

95,410

At 30 September 2024

98,468

6.

STOCKS

31.3.26

30.9.24

£

£

Stocks

45,069

15,000

Work-in-progress

112,458

66,781

157,527

81,781

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

30.9.24

£

£

Trade debtors

331,477

557,430

Other debtors

-

3,294

Prepayments

63,328

39,237

394,805

599,961

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

30.9.24

£

£

Bank loans and overdrafts

-

10,000

Hire purchase contracts (see note 10)

21,549

30,688

Trade creditors

524,974

367,313

Tax

200,519

37,040

Social security and other taxes

30,406

16,513

Pension

2,945

2,746

VAT

79,682

143,262

Directors' current accounts

37,560

624

Accruals and deferred income

847,959

805,509

1,745,594

1,413,695

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

30.9.24

£

£

Bank loans - 1-2 years

-

6,667

Hire purchase contracts (see note 10)

53,143

42,508

53,143

49,175

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.26

30.9.24

£

£

Net obligations repayable:

Within one year

21,549

30,688

Between one and five years

53,143

42,508

74,692

73,196

Non-cancellable

operating leases

31.3.26

30.9.24

£

£

Within one year

2,588

1,473

Between one and five years

12,568

5,400

15,156

6,873

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

30.9.24

£

£

Hire purchase contracts

74,692

73,196

These balances are secured against the assets in which they relate to.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Levate Solutions Ltd for the period ended 31 March 2026 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Levate Solutions Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Levate Solutions Ltd and state those matters that we have agreed to state to the Board of Directors of Levate Solutions Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Levate Solutions Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Levate Solutions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Levate Solutions Ltd. You consider that Levate Solutions Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Levate Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

D.R.E. & Co. Limited

Chartered Accountants

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

26 May 2026