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Company Registration No. 08875286 (England and Wales)
STEP 1 ASSOCIATES LIMITED Unaudited accounts for the year ended 29 February 2024
STEP 1 ASSOCIATES LIMITED Unaudited accounts Contents
Page
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STEP 1 ASSOCIATES LIMITED Company Information for the year ended 29 February 2024
Director
Yasir IRSHAD
Company Number
08875286 (England and Wales)
Registered Office
COBWALL WORKS WHALLEY OLD ROAD BLACKBURN BB1 5EY ENGLAND
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STEP 1 ASSOCIATES LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
(795)
(795)
Current assets
Inventories
18,975 
- 
Debtors
1,086 
2,210 
Cash at bank and in hand
34,236 
35,199 
54,297 
37,409 
Creditors: amounts falling due within one year
(53,625)
(44,356)
Net current assets/(liabilities)
672 
(6,947)
Net liabilities
(123)
(7,742)
Capital and reserves
Share premium
100 
100 
Profit and loss account
(223)
(7,842)
Shareholders' funds
(123)
(7,742)
For the year ending 29 February 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 April 2024 and were signed on its behalf by
Yasir IRSHAD Director Company Registration No. 08875286
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STEP 1 ASSOCIATES LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
STEP 1 ASSOCIATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08875286. The registered office is COBWALL WORKS, WHALLEY OLD ROAD, BLACKBURN, BB1 5EY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 29 February 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
670 
12,301 
12,971 
At 29 February 2024
670 
12,301 
12,971 
Depreciation
At 1 March 2023
746 
13,020 
13,766 
At 29 February 2024
746 
13,020 
13,766 
Net book value
At 29 February 2024
(76)
(719)
(795)
At 28 February 2023
(76)
(719)
(795)
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,086 
2,210 
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STEP 1 ASSOCIATES LIMITED Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
442 
- 
Other creditors
26,651 
32,476 
Loans from directors
26,532 
11,880 
53,625 
44,356 
7
Average number of employees
During the year the average number of employees was 2 (2023: 3).
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