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REGISTERED NUMBER: 07513273 (England and Wales)















Financial Statements

for the Year Ended 28 February 2023

for

Stepping Stones to Development Ltd

Stepping Stones to Development Ltd (Registered number: 07513273)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Stepping Stones to Development Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: M Donoghue





REGISTERED OFFICE: 147 York Road
Woking
Surrey
GU22 7XS





REGISTERED NUMBER: 07513273 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Stepping Stones to Development Ltd (Registered number: 07513273)

Statement of Financial Position
28 February 2023

28/2/23 28/2/22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 4,502 7,573

CURRENT ASSETS
Debtors 6 18,160 17,718
Cash at bank 6,007 8,028
24,167 25,746
CREDITORS
Amounts falling due within one year 7 (26,063 ) (16,846 )
NET CURRENT (LIABILITIES)/ASSETS (1,896 ) 8,900
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,606

16,473

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2,605 16,472
2,606 16,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2023 and were signed by:





M Donoghue - Director


Stepping Stones to Development Ltd (Registered number: 07513273)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Stepping Stones to Development Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Stepping Stones to Development Ltd (Registered number: 07513273)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
Cost
At 1 March 2022 15,399
Additions 831
At 28 February 2023 16,230
Depreciation
At 1 March 2022 7,826
Charge for year 3,902
At 28 February 2023 11,728
Net book value
At 28 February 2023 4,502
At 28 February 2022 7,573

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Trade debtors 1,015 8,946
Other debtors 17,145 8,772
18,160 17,718

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Bank loans and overdrafts 6,964 10,114
Taxation and social security 7,040 6,732
Other creditors 12,059 -
26,063 16,846

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28/2/23 28/2/22
£    £   
M Donoghue
Balance outstanding at start of year 8,772 -
Amounts advanced 23,076 8,772
Amounts repaid (14,703 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,145 8,772