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
STEP 1 ASSOCIATES LIMITED
Company Information
for the year ended 29 February 2024
Company Number
08875286 (England and Wales)
Registered Office
COBWALL WORKS
WHALLEY OLD ROAD
BLACKBURN
BB1 5EY
ENGLAND
STEP 1 ASSOCIATES LIMITED
Statement of financial position
as at 29 February 2024
Tangible assets
(795)
(795)
Cash at bank and in hand
34,236
35,199
Creditors: amounts falling due within one year
(53,625)
(44,356)
Net current assets/(liabilities)
672
(6,947)
Net liabilities
(123)
(7,742)
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
STEP 1 ASSOCIATES LIMITED
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 1 March 2023
746
13,020
13,766
At 29 February 2024
746
13,020
13,766
At 29 February 2024
(76)
(719)
(795)
At 28 February 2023
(76)
(719)
(795)
Amounts falling due within one year
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
7
Average number of employees
During the year the average number of employees was 2 (2023: 3).