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STEPPING STONES FINANCIAL ADVISERS LIMITED

Registered Number
07293400
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

STEPPING STONES FINANCIAL ADVISERS LIMITED
Company Information
for the year from 1 July 2022 to 30 June 2023

Directors

Robin Heimsoth
Donell Hamilton Turner

Registered Address

Old Vestry House
Broad Street
Somerton
TA11 7ND

Registered Number

07293400 (England and Wales)
STEPPING STONES FINANCIAL ADVISERS LIMITED
Balance Sheet as at
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5878336
878336
Current assets
Debtors61,7491,798
Cash at bank and on hand38,28637,199
40,03538,997
Creditors amounts falling due within one year7(9,784)(9,027)
Net current assets (liabilities)30,25129,970
Total assets less current liabilities31,12930,306
Provisions for liabilities8(167)(64)
Net assets30,96230,242
Capital and reserves
Called up share capital100100
Profit and loss account30,86230,142
Shareholders' funds30,96230,242
The financial statements were approved and authorised for issue by the Board of Directors on 6 October 2023, and are signed on its behalf by:
Donell Hamilton Turner
Director
Registered Company No. 07293400
STEPPING STONES FINANCIAL ADVISERS LIMITED
Notes to the Financial Statements
for the year ended 30 June 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
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. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
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.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year22
5.Property, plant and equipment

Fixtures & fittings

Total

££
Cost or valuation
At 01 July 223,2883,288
Additions818818
At 30 June 234,1064,106
Depreciation and impairment
At 01 July 222,9522,952
Charge for year276276
At 30 June 233,2283,228
Net book value
At 30 June 23878878
At 30 June 22336336
6.Debtors

2023

2022

££
Prepayments and accrued income1,7491,798
Total1,7491,798
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables5350
Amounts owed to related parties2,6772,905
Taxation and social security4,2883,362
Accrued liabilities and deferred income2,7662,710
Total9,7849,027
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)16764
Total16764