| Ilevel Limited |
| Registered number: |
08573873 |
| Abbreviated Balance Sheet |
| as at 30 November 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Current assets |
| Stocks |
|
|
3,272 |
|
|
634 |
| Debtors |
|
|
4,398 |
|
|
2,820 |
| Cash at bank and in hand |
|
|
3,701 |
|
|
663 |
|
|
|
11,371 |
|
|
4,117 |
|
| Creditors: amounts falling due within one year |
|
|
(13,937) |
|
|
(23,145) |
|
| Net current liabilities |
|
|
|
(2,566) |
|
|
(19,028) |
|
| Total assets less current liabilities |
|
|
|
(2,566) |
|
|
(19,028) |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(20,000) |
|
|
- |
|
|
|
| Net liabilities |
|
|
|
(22,566) |
|
|
(19,028) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
2 |
|
|
1,000 |
|
|
1,000 |
| Profit and loss account |
|
|
|
(23,566) |
|
|
(20,028) |
|
| Shareholders' funds |
|
|
|
(22,566) |
|
|
(19,028) |
|
|
|
|
|
|
|
|
| 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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr I Watson |
| Director |
| Approved by the board on 7 March 2016 |
|
| Ilevel Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 30 November 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
| 2 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1,000 |
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|
| 3 |
Directors Loan Account ( Loan to Company) |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Mr S N Bradbury |
|
PE 30.11.2014 |
4,000 |
|
- |
|
- |
|
4,000 |
|
|
Mr MAC Rabett |
|
PE 30.11.2014 |
12,000 |
|
- |
|
- |
|
12,000 |
|
|
Mr I N Watson |
|
PE 30.11.2014 |
2,000 |
|
- |
|
- |
|
2,000 |
|
|
|
18,000 |
|
- |
|
- |
|
18,000 |
|
|
|
|
|
|
|
|
|
