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Registered number: 10955783

STEP Recruitment Limited

ACCOUNTS
FOR THE YEAR ENDED 30/09/2023

Prepared By:
Somersby Consulting Limited
Accountants and Tax Advisors
Unit 2 Sherbrook Enterprise
100 Sherbrook Road
Daybrook
Nottingham
NG5 6AB

STEP Recruitment Limited

ACCOUNTS
FOR THE YEAR ENDED 30/09/2023
DIRECTORS
Ms T R Millns
REGISTERED OFFICE
Unit 2 Sherbrook Enterprise
100 Sherbrook Road
Daybrook
Nottingham
NG5 6AB
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10955783
ACCOUNTANTS
Somersby Consulting Limited
Accountants and Tax Advisors
Unit 2 Sherbrook Enterprise
100 Sherbrook Road
Daybrook
Nottingham
NG5 6AB

STEP Recruitment Limited

ACCOUNTS
FOR THEYEARENDED30/09/2023
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

STEP Recruitment Limited

BALANCE SHEET AT 30/09/2023
20232022
Notes££
FIXED ASSETS
Intangible assets331,87335,414
Tangible assets450,4042,516
82,27737,930
CURRENT ASSETS
Debtors5212,24329,331
Cash at bank and in hand383,544439,999
595,787469,330
CREDITORS: Amounts falling due within one year6190,284165,106
NET CURRENT ASSETS405,503304,224
TOTAL ASSETS LESS CURRENT LIABILITIES487,780342,154
PROVISIONS FOR LIABILITIES AND CHARGES9,577-
NET ASSETS478,203342,154
CAPITAL AND RESERVES
Called up share capital71,0001,000
Profit and loss account477,203341,154
SHAREHOLDERS' FUNDS478,203342,154
For the year ending 30/09/2023 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 19/03/2024 and signed on their behalf by
.............................
Ms T R Millns
Director

STEP Recruitment Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/09/2023
1. ACCOUNTING POLICIES
1a. General Information
STEP Recruitment Limited is a private company, limited by shares and registered in England. The registered office address is stated on page 1 of the accounts. The company's principal activity is that of a recruitment agent.
1b. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
1c. Tangible Fixed Assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
1d. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentstraight line33.3%
Motor Carsreducing balance25%
1e. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1f. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

STEP Recruitment Limited

1g. Turnover
Revenue is measured at the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
1h. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 15 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1i. Government Grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2. EMPLOYEES
20232022
No.No.
Average number of employees3021
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/10/202253,11953,119
At 30/09/202353,11953,119
Depreciation
At 01/10/202217,70517,705
For the year3,5413,541
At 30/09/202321,24621,246
Net Book Amounts
At 30/09/202331,87331,873
At 30/09/202235,41435,414

STEP Recruitment Limited

4. TANGIBLE FIXED ASSETS
EquipmentMotor CarsTotal
£££
Cost
At 01/10/202229,180-29,180
Additions6,66955,26461,933
At 30/09/202335,84955,26491,113
Depreciation
At 01/10/202226,664-26,664
For the year2,53211,51314,045
At 30/09/202329,19611,51340,709
Net Book Amounts
At 30/09/20236,65343,75150,404
At 30/09/20222,516-2,516
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors124,8049,875
PAYE control-3,851
Other debtors19,183775
Prepayments2,9153,609
Directors current account65,34111,221
212,24329,331
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax71,63462,036
VAT66,69649,221
PAYE control10,531-
Trade creditors3,634118
Pension schemes860948
Accruals13,49910,933
Deferred income23,43041,850
190,284165,106

STEP Recruitment Limited

7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1000 Ordinary shares of £1 each10001000
1,0001,000
8. RELATED PARTY TRANSACTIONS
During the year a loan existed, made to Ms T R Millns, a director of the company. The loan is unsecured, has no fixed repayment date and carries interest at a rate as per HM Revenue and Customs.
The maximum outstanding during the year was £96,928.
The balance at the year end was £65,341 included in debtors (2022: £11,221 included in debtors).