Acorah Software Products - Accounts Production 15.0.500 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 05474055 Mr Ilyas Musa Mrs Zainub Musa true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05474055 2022-11-30 05474055 2023-11-30 05474055 2022-12-01 2023-11-30 05474055 frs-core:CurrentFinancialInstruments 2023-11-30 05474055 frs-core:Non-currentFinancialInstruments 2023-11-30 05474055 frs-core:MotorVehicles 2023-11-30 05474055 frs-core:MotorVehicles 2022-12-01 2023-11-30 05474055 frs-core:MotorVehicles 2022-11-30 05474055 frs-core:PlantMachinery 2023-11-30 05474055 frs-core:PlantMachinery 2022-12-01 2023-11-30 05474055 frs-core:PlantMachinery 2022-11-30 05474055 frs-core:ShareCapital 2023-11-30 05474055 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 05474055 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 05474055 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 05474055 frs-bus:SmallEntities 2022-12-01 2023-11-30 05474055 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 05474055 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 05474055 1 2022-12-01 2023-11-30 05474055 frs-bus:Director1 2022-12-01 2023-11-30 05474055 frs-bus:CompanySecretary1 2022-12-01 2023-11-30 05474055 frs-countries:EnglandWales 2022-12-01 2023-11-30 05474055 2021-11-30 05474055 2022-11-30 05474055 2021-12-01 2022-11-30 05474055 frs-core:CurrentFinancialInstruments 2022-11-30 05474055 frs-core:Non-currentFinancialInstruments 2022-11-30 05474055 frs-core:ShareCapital 2022-11-30 05474055 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 05474055
First Step Property Services Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05474055
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 50,190 32,459
50,190 32,459
CURRENT ASSETS
Debtors 5 217,927 238,216
Cash at bank and in hand 306,112 474,310
524,039 712,526
Creditors: Amounts Falling Due Within One Year 6 (263,095 ) (343,094 )
NET CURRENT ASSETS (LIABILITIES) 260,944 369,432
TOTAL ASSETS LESS CURRENT LIABILITIES 311,134 401,891
Creditors: Amounts Falling Due After More Than One Year 7 (30,335 ) (162,543 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,548 ) (6,167 )
NET ASSETS 268,251 233,181
CAPITAL AND RESERVES
Called up share capital 2 2
Profit and Loss Account 268,249 233,179
SHAREHOLDERS' FUNDS 268,251 233,181
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ilyas Musa
Director
23rd July 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
First Step Property Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05474055 . The registered office is 1-3 Coventry Road, Ilford, Essex, IG1 4QR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. 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 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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.
...CONTINUED
Page 3
Page 4
2.4. Taxation - continued
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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2022: 9)
10 9
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 December 2022 22,837 95,297 118,134
Additions 5,611 31,225 36,836
As at 30 November 2023 28,448 126,522 154,970
Depreciation
As at 1 December 2022 20,050 65,625 85,675
Provided during the period 2,099 17,006 19,105
As at 30 November 2023 22,149 82,631 104,780
Net Book Value
As at 30 November 2023 6,299 43,891 50,190
As at 1 December 2022 2,787 29,672 32,459
Page 4
Page 5
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 100,694 221,502
Other debtors 117,233 16,714
217,927 238,216
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 11,867 124,839
Corporation tax 4,435 54,962
Other taxes and social security 54,410 53,250
Other creditors 192,383 110,043
263,095 343,094
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Amounts owed to group undertakings 30,335 162,543
8. Ultimate Controlling Party
The company's ultimate parent undertaking is I Z Holdings Limited, incorporated in England & Wales.
Page 5