For the year ended 31 May 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08059696
Level Software Limited
For the year ended 31 May 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Accountants' Report
For the year ended 31 May 2015
Level Software Limited
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the
|
accounts of Level Software Limited for the year ended
31
May
2015
which comprise the Profit and Loss Account
,
|
the Balance Sheet and the related notes from the company
'
s accounting records and from information and
|
explanations you have given us
.
|
As a practising firm of the Association of Chartered Certified Accountants
,
we are subject to its ethical and other
|
professional requirements which are detailed at http
://
rulebook
.
accaglobal
.
com
.
|
This report is made solely to the Board of Directors of Level Software Limited
,
as a body
,
in accordance with the
|
terms of our engagement letter dated
22
August
2014
.
Our work has been undertaken solely to prepare for your
|
approval the accounts of Level Software Limited and state those matters that we have agreed to state to the Board
|
of Directors of Level Software Limited
,
as a body
,
in this report in accordance with the requirements of the
|
Association of Chartered Certified Accountants and as detailed at http
://
www
.
accaglobal
.
com
/
factsheet
163
.
To the
|
fullest extent permitted by law
,
we do not accept or assume responsibility to anyone other than Level Software
|
Limited and its Board of Directors as a body for our work or for this report
.
|
It is your duty to ensure that Level Software Limited has kept adequate accounting records and to prepare
|
statutory accounts that give a true and fair view of the assets
,
liabilities
,
financial position and profit of Level
|
Software Limited
.
You consider that Level Software Limited is exempt from the statutory audit requirement for the
|
year
.
|
Fiona Wills Accountancy Services
Unit 3, Pixel Mill
44 Appleby Road
Kendal
Cumbria
LA9 6ES
08 January 2016
1 of 4
Notes to the Abbreviated Financial Statements
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For the year ended 31 May 2015
Level Software Limited
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
|
by the shareholders prior to the balance sheet date
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer Equipment
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
206
206
58
Charge for year
58
148
3 of 4
Notes to the Abbreviated Financial Statements
|
For the year ended 31 May 2015
Level Software Limited
3
Fixed asset investments
|
7,500
(7,500)
-
-
7,500
4 of 4