| Levl Telematics Limited |
| Registered number: |
10070738 |
| Balance Sheet |
| as at 15 September 2023 |
|
| Notes |
15/9/23 |
30/6/23 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
8,568 |
|
|
10,607 |
|
| Current assets |
| Stocks |
|
|
1,040 |
|
|
4,628 |
| Debtors |
4 |
|
342,853 |
|
|
442,258 |
| Cash at bank and in hand |
|
|
658,022 |
|
|
688,246 |
|
|
|
1,001,915 |
|
|
1,135,132 |
|
| Creditors: amounts falling due within one year |
5 |
|
(622,612) |
|
|
(590,903) |
|
| Net current assets |
|
|
|
379,303 |
|
|
544,229 |
|
| Total assets less current liabilities |
|
|
|
387,871 |
|
|
554,836 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
- |
|
|
(37,992) |
|
|
|
| Net assets |
|
|
|
387,871 |
|
|
516,844 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
12 |
|
|
12 |
| Share premium |
|
|
|
49,990 |
|
|
49,990 |
| Profit and loss account |
|
|
|
337,869 |
|
|
466,842 |
|
| Shareholders' funds |
|
|
|
387,871 |
|
|
516,844 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Keith Bird |
| Director |
| Approved by the board on 28 March 2024 |
|
| Levl Telematics Limited |
| Notes to the Accounts |
| for the period from 1 July 2023 to 15 September 2023 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services taken over the period of service. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 4 years |
|
Fixtures, fittings, tools and equipment |
over 4 years |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Where material, deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
15/9/23 |
30/6/23 |
| Number |
Number |
|
|
Average number of persons employed by the company |
5 |
|
4 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 July 2023 |
16,800 |
|
Additions |
1,134 |
|
At 15 September 2023 |
17,934 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2023 |
6,193 |
|
Charge for the and after the period |
3,173 |
|
At 15 September 2023 |
9,366 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 15 September 2023 |
8,568 |
|
At 30 June 2023 |
10,607 |
|
|
| 4 |
Debtors |
15/9/23 |
30/6/23 |
| £ |
£ |
|
|
Trade debtors |
340,124 |
|
436,467 |
|
Other debtors |
2,729 |
|
5,791 |
|
|
|
|
|
|
342,853 |
|
442,258 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
15/9/23 |
30/6/23 |
| £ |
£ |
|
|
Trade creditors |
118,035 |
|
259,862 |
|
Taxation and social security costs |
119,129 |
|
208,761 |
|
Other creditors |
385,448 |
|
122,280 |
|
|
|
|
|
|
622,612 |
|
590,903 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
15/9/23 |
30/6/23 |
| £ |
£ |
|
|
Bounce back loan |
- |
|
37,992 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Levl Telematics Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Hdti Coventry University Technology Park |
|
Puma Way |
|
Coventry |
|
West Midlands |
|
CV1 2TT |
