Company Registration No. 12336713 (England and Wales)
On Another Level Ltd
Unaudited accounts
for the year ended 30 November 2025
On Another Level Ltd
Unaudited accounts
Contents
On Another Level Ltd
Company Information
for the year ended 30 November 2025
Directors
Sharon Elizabeth Golding
Neil Golding
Company Number
12336713 (England and Wales)
Registered Office
Trespassers Will
7 Corilhead Road
Braunton
EX33 2EW
England
Accountants
R O Walters
48 Water Park Road
Bideford
EX39 3RN
On Another Level Ltd
Statement of financial position
as at 30 November 2025
Tangible assets
52,390
3,695
Cash at bank and in hand
178
34,034
Creditors: amounts falling due within one year
(658,337)
(418,265)
Net current (liabilities)/assets
(43,669)
4,570
Total assets less current liabilities
8,721
8,265
Creditors: amounts falling due after more than one year
(7,171)
(7,133)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
480
330
Shareholders' funds
580
430
For the year ending 30 November 2025 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2026 and were signed on its behalf by
Neil Golding
Director
Company Registration No. 12336713
On Another Level Ltd
Notes to the Accounts
for the year ended 30 November 2025
On Another Level Ltd is a private company, limited by shares, registered in England and Wales, registration number 12336713. The registered office is Trespassers Will, 7 Corilhead Road, Braunton, EX33 2EW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses. The classic vehicles are used for business operations and are expected to maintain their residual values. The current estimated residual values are equal to or greater than their carrying amounts. Consequently, no annual depreciation has been charged. Residual values and useful economic lives are reviewed at each reporting date.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.
On Another Level Ltd
Notes to the Accounts
for the year ended 30 November 2025
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2024
-
3,920
797
4,717
Additions
48,615
41
1,190
49,846
At 30 November 2025
48,615
3,961
1,987
54,563
At 1 December 2024
-
619
403
1,022
Charge for the year
-
488
663
1,151
At 30 November 2025
-
1,107
1,066
2,173
At 30 November 2025
48,615
2,854
921
52,390
At 30 November 2024
-
3,301
394
3,695
Amounts falling due within one year
Trade debtors
67,095
57,524
Accrued income and prepayments
-
400
Other debtors
547,395
330,877
On Another Level Ltd
Notes to the Accounts
for the year ended 30 November 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
16,609
7,349
Trade creditors
145,104
20,944
Taxes and social security
113,450
56,884
Deferred income
258,155
284,980
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Creditors: amounts falling due after more than one year
2025
2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
154,163
340,952
235,231
259,884
The above loans are unsecured, interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 5 (2024: 3).