13 January 2025 false No description of principal activity Taxfiler 2024.6 16178539business:PrivateLimitedCompanyLtd2025-01-132026-01-31 161785392025-01-12 161785392025-01-132026-01-31 16178539business:AuditExemptWithAccountantsReport2025-01-132026-01-31 16178539business:FilletedAccounts2025-01-132026-01-31 161785392026-01-31 16178539business:Director12025-01-132026-01-31 16178539business:Director22025-01-132026-01-31 16178539business:RegisteredOffice2025-01-132026-01-31 16178539core:WithinOneYear2026-01-31 16178539core:ShareCapitalcore:PreviouslyStatedAmount2026-01-31 16178539core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2026-01-31 16178539core:PreviouslyStatedAmount2026-01-31 16178539business:SmallEntities2025-01-132026-01-31 16178539countries:EnglandWales2025-01-132026-01-31 16178539core:FurnitureFittings2025-01-132026-01-31 16178539core:FurnitureFittings2025-01-12 16178539core:FurnitureFittings2026-01-31 16178539core:AfterOneYear2026-01-31 iso4217:GBP xbrli:pure
Company Registration No. 16178539 (England and Wales)
Level Up Tyres Ltd Unaudited accounts for the period from 13 January 2025 to 31 January 2026
Level Up Tyres Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Level Up Tyres Ltd Company Information for the period from 13 January 2025 to 31 January 2026
Directors
Gurkaranbir Singh Simranjit Kaur
Company Number
16178539 (England and Wales)
Registered Office
241 Church Road Nuneaton Warwickshire CV10 8LQ England
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Level Up Tyres Ltd Statement of financial position as at 31 January 2026
2026 
Notes
£ 
Fixed assets
Tangible assets
4
1,378 
Current assets
Inventories
5,500 
Debtors
5
30,272 
Cash at bank and in hand
18,606 
54,378 
Creditors: amounts falling due within one year
6
(51,820)
Net current assets
2,558 
Net assets
3,936 
Capital and reserves
Called up share capital
100 
Profit and loss account
3,836 
Shareholders' funds
3,936 
For the period ending 31 January 2026 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 28 September 2026 and were signed on its behalf by
Gurkaranbir Singh Director Company Registration No. 16178539
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Level Up Tyres Ltd Notes to the Accounts for the period from 13 January 2025 to 31 January 2026
1
Statutory information
Level Up Tyres Ltd is a private company, limited by shares, registered in England and Wales, registration number 16178539. The registered office is 241 Church Road, Nuneaton, Warwickshire, CV10 8LQ, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 13 January 2025
- 
Additions
1,838 
At 31 January 2026
1,838 
Depreciation
Charge for the period
460 
At 31 January 2026
460 
Net book value
At 31 January 2026
1,378 
5
Debtors
2026 
£ 
Amounts falling due after more than one year
Trade debtors
30,272 
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Level Up Tyres Ltd Notes to the Accounts for the period from 13 January 2025 to 31 January 2026
6
Creditors: amounts falling due within one year
2026 
£ 
VAT
(378)
Trade creditors
32,241 
Taxes and social security
(124)
Loans from directors
20,081 
51,820 
7
Average number of employees
During the period the average number of employees was 1.
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