FIRST STEPS ENTERPRISE LIMITED

Company Registration Number:
08918285 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2018

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

FIRST STEPS ENTERPRISE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2018

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

FIRST STEPS ENTERPRISE LIMITED

Company Information

for the Period Ended 31 March 2018




Director: Ian Merrison
Jennifer Merrison
Registered office: 54
St. James Street
Liverpool
L1 0AB
Company Registration Number: 08918285 (England and Wales)

FIRST STEPS ENTERPRISE LIMITED

Directors' Report Period Ended 31 March 2018

The directors present their report with the financial statements of the company for the period ended 31 March 2018

Principal Activities

First Steps Enterprise Limited is a staffing agency, supplying quality staff for children’s centres, schools, community settings, and other organisations.

Political and charitable donations

The company made donations totalling £3,000 to two registered charities. Each donation was £1,500. These were to the Congo Children's Trust, who work with street children in DR Congo, and to All Hallows Church in Liverpool. The company made a donation of £137.50 to Eldonian Junior Football Team, a community organisation in Liverpool, not registered as a charity.

Company policy on the employment of disabled persons

First Steps Enterprise Limited fully aims to be an equal opportunities organisation, and will remove all barriers to access for employees with a disability. Full details are within the company's equal opportunities policy.

Additional information

The company spent some time in 2017-18 developing directly-run childcare settings, which became operational in 2018-19

Directors

The directors shown below have held office during the whole of the period from 01 April 2017 to 31 March 2018
Ian Merrison
Jennifer Merrison

This report was approved by the board of directors on 13 November 2018
And Signed On Behalf Of The Board By:

Name: Ian Merrison
Status: Director

FIRST STEPS ENTERPRISE LIMITED

Profit and Loss Account

for the Period Ended 31 March 2018


Notes

2018
£

2017
£
Gross Profit or (Loss) 588,830 432,385
Administrative Expenses (556,828) (406,368)
Operating Profit or (Loss) 32,002 26,017
Profit or (Loss) Before Tax 32,002 26,017
Tax on Profit (6,080) (5,202)
Profit or (Loss) for Period 25,922 20,815

The notes form part of these financial statements

FIRST STEPS ENTERPRISE LIMITED

Balance sheet

As at 31 March 2018


Notes

2018
£

2017
£
Fixed assets
Tangible assets: 4 2,993 1,019
Total fixed assets: 2,993 1,019
Current assets
Debtors: 23,430 27,489
Cash at bank and in hand: 88,637 96,404
Total current assets: 112,067 123,893
Creditors: amounts falling due within one year: ( 103,899 ) ( 118,461 )
Net current assets (liabilities): 8,168 5,432
Total assets less current liabilities: 11,161 6,451
Total net assets (liabilities): 11,161 6,451

The notes form part of these financial statements

FIRST STEPS ENTERPRISE LIMITED

Balance sheet continued

As at 31 March 2018


Notes

2018
£

2017
£
Capital and reserves
Called up share capital: 39,237 18,433
Revaluation reserve: 5 ( 53,998 ) ( 37,998 )
Profit and loss account: 25,922 26,016
Shareholders funds: 11,161 6,451

For the year ending 31 March 2018 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 13 November 2018
And Signed On Behalf Of The Board By:

Name: Ian Merrison
Status: Director

The notes form part of these financial statements

FIRST STEPS ENTERPRISE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FIRST STEPS ENTERPRISE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Dividends


2018
£

2017
£
Dividends paid 16,000 20,000

FIRST STEPS ENTERPRISE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

  • 3. Employees


    2018

    2017
    Average number of employees during the period 45 37

FIRST STEPS ENTERPRISE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

4. Tangible Assets

Total
Cost £
At 01 April 2017 1,994
Additions 2,022
Disposals -
Revaluations -
Transfers -
At 31 March 2018 4,016
Depreciation
At 01 April 2017 975
Charge for year 48
On disposals -
Other adjustments -
At 31 March 2018 1,023
Net book value
At 31 March 2018 2,993
At 31 March 2017 1,019

FIRST STEPS ENTERPRISE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

5. Revaluation reserve


2018
£
Balance at 01 April 2017 ( 37,998 )
Surplus or deficit after revaluation ( 16,000 )
Balance at 31 March 2018 ( 53,998 )