Abbreviated Company Accounts - LEVEL ENERGY LTD

08480856 LEVEL ENERGY LTD 2015-03-31 false 2014-04-01 2015-03-31 true 08480856 2014-04-01 2015-03-31 08480856 2015-03-31 08480856 2014-03-31 08480856 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 08480856 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-03-31 iso4217:GBP shares

Registered Number 08480856

LEVEL ENERGY LTD

Abbreviated Accounts

31 March 2015

LEVEL ENERGY LTD Registered Number 08480856

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Current assets
Debtors		3,337	470
Cash at bank and in hand		2,389	58
		5,726	528
Creditors: amounts falling due within one year		(20,822)	(10,606)
Net current assets (liabilities)		(15,096)	(10,078)
Total assets less current liabilities		(15,096)	(10,078)
Total net assets (liabilities)		(15,096)	(10,078)
Capital and reserves
Called up share capital	2	2,650	1
Share premium account		4,950	-
Other reserves		4,000	-
Profit and loss account		(26,696)	(10,079)
Shareholders' funds		(15,096)	(10,078)

For the year ending 31 March 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 25 September 2015

And signed on their behalf by:
A R L Howe, Director

LEVEL ENERGY LTD Registered Number 08480856

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

The company has cash resources and the support of its director. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. He continues to believe the going concern basis of accounting appropriate in preparing the annual financial statements.

2Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
0 Ordinary shares of £1 each (1 share for 2014)	0	1
132,500 A Ordinary shares of £0.01 each (0 shares for 2014)	1,325	0
132,500 B Ordinary shares of £0.01 each (0 shares for 2014)	1,325	0

During the year the initial single £1 share was sub-divided into 50 A ordinary 1p shares and 50 B ordinary 1p shares. A further 132,450 ordinary A 1p shares were allocated for total consideration of £3,799.50. A further 132,450 ordinary B shares were allocated for total consideration of £3,799.50. This resulted in a total issued share capital of £2,650 and an increase in the share premium account of £4,950.