REGISTERED NUMBER: 04089166 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 28 February 2025

for

Level Best Solutions Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Statement of Directors' Responsibilities

4

Report of the Independent Auditors

5

Income Statement

9

Other Comprehensive Income

10

Statement of Financial Position

11

Statement of Changes in Equity

12

Statement of Cash Flows

13

Notes to the Statement of Cash Flows

14

Notes to the Financial Statements

16

DIRECTORS:

N Hamilton

N Heasman

G Dean

D Wackett

M Wildy

SECRETARY:

N Hamilton

REGISTERED OFFICE:

Unit 3 Fircroft Business Centre

Fircroft Way

Edenbridge

Kent

TN8 6EN

REGISTERED NUMBER:

04089166 (England and Wales)

SENIOR STATUTORY AUDITOR:

Aidan Smyth

AUDITORS:

Peter Hodgson & Co. Ltd. (Statutory Auditor)

Chartered Accountants

Shadwell House

65 Lower Green Road

Tunbridge Wells

Kent

TN4 8TW

The directors present their strategic report for the year ended 28 February 2025.

REVIEW OF BUSINESS

The company enjoyed a successful trading performance for the year despite the ongoing supply chain issues, higher energy & living costs and global uncertainty.

Taking into account the overall state of the economy and business outlook, the company's performance was in line with expectations.

PRINCIPAL RISKS AND UNCERTAINTIES

The main risks and uncertainties that are facing the company are similar to those of most other trading companies i.e.global and domestic political uncertainty, supply chain difficulties, rising costs & inflation and availability of sub-contract labour.

Currency fluctuations can have a bearing on material costs due to market movement. Risks have been traditionally avoided with bad debts and doubtful debts by careful credit control and contract selection.

FINANCIAL REVIEW

Turnover during the year amounted to £22.1m.

The gross profit rate was 10.7% and was mainly achieved through negotiating keener contract prices and better direct cost control.

Net profit before taxation in the year amounted to £414,832 compared to £259,570 in 2024 again mainly because of higher gross margins and better overall cost control.

The company's working capital position was £392,985 compared to £377,181 in 2024.

The company invested a further £15,262 in plant & equipment in the year.

Shareholders' funds amounted to £530,665 at the year end.

FUTURE PLANS

The company will continue to seek suitable opportunities and contracts within the commercial office fit out sector.

There are no short term plans for any changes to the nature of the company's current business model and the company is confident in the future outlook

ON BEHALF OF THE BOARD:

N Hamilton - Director

26 November 2025

The directors present their report with the financial statements of the company for the year ended 28 February 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of building construction, plumbing, plastering and joinery installation.

DIVIDENDS

The total distribution of dividends for the year to 28 February 2025 amounted to £194,600.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 March 2024 to the date of this report.

N Hamilton

N Heasman

Other changes in directors holding office are as follows:

G Dean , D Wackett and M Wildy were appointed as directors after 28 February 2025 but prior to the date of this report.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

N Hamilton - Director

26 November 2025

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Opinion

We have audited the financial statements of Level Best Solutions Limited (the 'company') for the year ended 28 February 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 28 February 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report, the Report of the Directors and the Statement of Directors' Responsibilities, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The objectives of our audit in respect of fraud are to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the company.

Our approach was as follows:

- we obtained an understanding of the legal and regulatory requirements applicable to the company.

- we obtained an understanding of how the company complies with these requirements through discussion with management and those charged with governance.

- we assessed the risk of material misstatement in the financial statements through discussions with management and those charged with governance.

- we enquired of management and those charged with governance of any known instances of non compliance with legal and regulatory requirements.

- based on this understanding, we designed specific and appropriate audit procedures to identify instances of non compliance to include discussions and obtaining additional corroborative evidence.

As part of the audit in accordance with ISAs (UK) we exercised professional judgement and scepticism throughout the audit. In addition, we also:

- identified and assessed the risks of material misstatement of the financial statements, whether due to fraud or error, designed and performed audit procedures consistent with those risks and obtained sufficient and relevant audit evidence to support and provide a basis for our opinion. The risk of misstatement from fraud is invariably higher than one resulting from error as fraud may involve collusion or intentional omissions and misrepresentations to override the systems of internal control.

- obtained an understanding of the internal controls relevant to the audit and designed

audit procedures and tests that were appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the company's internal controls.

- evaluated the appropriateness of the accounting policies used and the reasonableness of any accounting estimates and disclosures used and made by the directors.

- assessed the appropriateness of the directors' use of the going concern basis of accounting and based on the audit evidence obtained, whether any material uncertainty existed that may have cast doubt on the company's ability to continue as a going concern.

- evaluated the overall presentation, structure and content of the financial statements including disclosures and whether the financial statements represent the underlying transactions and events in a manner that achieved a fair presentation of the results for the period and the financial standing of the company at the year end.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Aidan Smyth (Senior Statutory Auditor)

for and on behalf of Peter Hodgson & Co. Ltd. (Statutory Auditor)

Chartered Accountants

Shadwell House

65 Lower Green Road

Tunbridge Wells

Kent

TN4 8TW

26 November 2025

REVENUE

22,058,532

24,285,592

Cost of sales

19,684,983

22,245,704

GROSS PROFIT

2,373,549

2,039,888

Administrative expenses

1,885,705

1,750,437

OPERATING PROFIT

4

487,844

289,451

Interest receivable and similar income

2,006

764

489,850

290,215

Interest payable and similar expenses

5

75,018

30,645

PROFIT BEFORE TAXATION

414,832

259,570

Tax on profit

6

127,893

83,485

PROFIT FOR THE FINANCIAL YEAR

286,939

176,085

PROFIT FOR THE YEAR

286,939

176,085

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

286,939

176,085

FIXED ASSETS

Property, plant and equipment

8

292,260

292,053

CURRENT ASSETS

Inventories

9

2,687,805

1,322,576

Debtors

10

1,409,854

1,543,344

Cash at bank

843,454

492,184

4,941,113

3,358,104

CREDITORS

Amounts falling due within one year

11

4,548,128

2,980,923

NET CURRENT ASSETS

392,985

377,181

TOTAL ASSETS LESS CURRENT LIABILITIES

685,245

669,234

CREDITORS

Amounts falling due after more than one year

12

(146,446

)

(224,184

)

PROVISIONS FOR LIABILITIES

14

(8,134

)

(6,724

)

NET ASSETS

530,665

438,326

CAPITAL AND RESERVES

Called up share capital

15

107

107

Retained earnings

16

530,558

438,219

SHAREHOLDERS' FUNDS

530,665

438,326

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

N Hamilton - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 March 2023

107

333,034

333,141

Changes in equity

Dividends

-

(70,900

)

(70,900

)

Total comprehensive income

-

176,085

176,085

Balance at 29 February 2024

107

438,219

438,326

Changes in equity

Dividends

-

(194,600

)

(194,600

)

Total comprehensive income

-

286,939

286,939

Balance at 28 February 2025

107

530,558

530,665

Cash flows from operating activities

Cash generated from operations

1

799,947

(289,265

)

Interest paid

(75,018

)

(30,645

)

Tax paid

(81,078

)

(41,671

)

Net cash from operating activities

643,851

(361,581

)

Cash flows from investing activities

Purchase of tangible fixed assets

(15,262

)

(21,116

)

Interest received

2,006

764

Net cash from investing activities

(13,256

)

(20,352

)

Cash flows from financing activities

New loans in period

500,000

-

Loan repayments in year

(461,761

)

(206,724

)

Amount introduced by directors

6,540

-

Amount advanced by directors

(100,905

)

(6,540

)

Equity dividends paid

(194,600

)

(70,900

)

Net cash from financing activities

(250,726

)

(284,164

)

Increase/(decrease) in cash and cash equivalents

379,869

(666,097

)

Cash and cash equivalents at beginning of year

2

463,585

1,129,682

Cash and cash equivalents at end of year

2

843,454

463,585

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

414,832

259,570

Depreciation charges

13,652

14,862

Loss on disposal of fixed assets

1,403

7,576

Finance costs

75,018

30,645

Finance income

(2,006

)

(764

)

502,899

311,889

(Increase)/decrease in inventories

(1,365,229

)

368,304

Decrease in trade and other debtors

133,490

1,173,168

Increase/(decrease) in trade and other creditors

1,528,787

(2,142,626

)

Cash generated from operations

799,947

(289,265

)

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 28 February 2025

28.2.25

1.3.24

£

£

Cash and cash equivalents

843,454

492,184

Bank overdrafts

-

(28,599

)

843,454

463,585

Year ended 29 February 2024

29.2.24

1.3.23

£

£

Cash and cash equivalents

492,184

1,155,860

Bank overdrafts

(28,599

)

(26,178

)

463,585

1,129,682

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.3.24

Cash flow

At 28.2.25

£

£

£

Net cash

Cash at bank

492,184

351,270

843,454

Bank overdrafts

(28,599

)

28,599

-

463,585

379,869

843,454

Debt

Debts falling due within 1 year

(83,956

)

(149,523

)

(233,479

)

Debts falling due after 1 year

(224,184

)

77,738

(146,446

)

(308,140

)

(71,785

)

(379,925

)

Total

155,445

308,084

463,529

1.	STATUTORY INFORMATION

Level Best Solutions 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

There are no significant judgements or estimates pertaining to these accounts that the directors feel need to be brought to the attention of users of these accounts.

Turnover

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

The company is engaged on long term contracts and the turnover figure includes an apportionment of value for work done to the balance sheet at cost plus attributable profit less any foreseeable losses.

Tangible fixed assets

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

Freehold property

-

2% on cost (buildings only)

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Stocks

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

Work in progress on long term contracts is valued at cost plus profit earned to the balance sheet date less provision for foreseeable losses.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Financial instruments

Basic financial instruments comprising, debtors, bank and cash balances are recorded at fair value less any provision for impairment. .

Functional currency

The functional currency used by the company is £ Sterling.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

1,279,968

991,296

Social security costs

145,510

110,471

Other pension costs

17,296

9,850

1,442,774

1,111,617

The average number of employees during the year was as follows:

2025

2024

Administration

8

8

Project management & fulfilment

19

17

27

25

2025

2024

£

£

Directors' remuneration

50,756

61,036

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

13,652

14,863

Loss on disposal of fixed assets

1,403

7,576

Auditors' remuneration

6,500

6,350

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank interest

75,018

30,645

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

126,483

81,078

Deferred tax

1,410

2,407

Tax on profit

127,893

83,485

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

414,832

259,570

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

103,708

64,893

Effects of:

Expenses not deductible for tax purposes

22,826

17,537

Depreciation in excess of capital allowances

1,008

858

Sale of fixed assets

351

1,879

Corporate tax rate adjustment

-

(1,682

)

Total tax charge

127,893

83,485

7.

DIVIDENDS

2025

2024

£

£

Ordinary Shares shares of 1 each

Final

194,600

70,900

8.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 March 2024

281,601

131,685

23,559

436,845

Additions

-

14,919

343

15,262

Disposals

-

(1,403

)

-

(1,403

)

At 28 February 2025

281,601

145,201

23,902

450,704

DEPRECIATION

At 1 March 2024

16,448

110,291

18,053

144,792

Charge for year

5,500

6,982

1,170

13,652

At 28 February 2025

21,948

117,273

19,223

158,444

NET BOOK VALUE

At 28 February 2025

259,653

27,928

4,679

292,260

At 29 February 2024

265,153

21,394

5,506

292,053

The freehold property purchase was funded by means of a mortgage with NatWest Bank Plc, the balance outstanding at the period end was £160,402.

9.	INVENTORIES

2025

2024

£

£

Stocks & work in progress

2,687,805

1,322,576

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,150,653

1,454,409

Other debtors

2,919

1,125

Due from related parties

819

600

Directors' current accounts

100,905

6,540

VAT

147,675

80,382

Prepayments

6,883

288

1,409,854

1,543,344

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 13)

233,479

112,555

Trade creditors

3,724,723

2,540,166

Corporation tax

126,483

81,078

Social security and other taxes

92,258

94,189

Due to related parties

361,658

139,260

Accruals and other creditors

9,527

13,675

4,548,128

2,980,923