Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity45truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06256943 2023-01-01 2023-12-31 06256943 2022-01-01 2022-12-31 06256943 2023-12-31 06256943 2022-12-31 06256943 c:Director1 2023-01-01 2023-12-31 06256943 d:OfficeEquipment 2023-01-01 2023-12-31 06256943 d:OfficeEquipment 2023-12-31 06256943 d:OfficeEquipment 2022-12-31 06256943 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06256943 d:CurrentFinancialInstruments 2023-12-31 06256943 d:CurrentFinancialInstruments 2022-12-31 06256943 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06256943 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06256943 d:ShareCapital 2023-12-31 06256943 d:ShareCapital 2022-12-31 06256943 d:RetainedEarningsAccumulatedLosses 2023-12-31 06256943 d:RetainedEarningsAccumulatedLosses 2022-12-31 06256943 c:FRS102 2023-01-01 2023-12-31 06256943 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06256943 c:FullAccounts 2023-01-01 2023-12-31 06256943 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 06256943


STEPEX LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
 31 DECEMBER 2023

STEPEX LIMITED
REGISTERED NUMBER:06256943

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
702
150

Current assets
  

Debtors: amounts falling due within one year
 5 
92,454
41,077

Bank and cash balances
  
562,936
465,648

  
655,390
506,725

Creditors: amounts falling due within one year
 6 
(183,999)
(122,763)

Net current assets
  
 
 
471,391
 
 
383,962

Total assets less current liabilities
  
472,093
384,112

  

Net assets
  
472,093
384,112


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
471,093
383,112

  
472,093
384,112


Page 1

STEPEX LIMITED
REGISTERED NUMBER:06256943
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


Robert Kyte
Director

Date: 9 July 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

STEPEX LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Stepex Limited ('the Company') is a private company, limited by shares, domiciled in England and Wales.  The registered office and principal place of business is Step House, North Farm Road, Tunbridge Wells, Kent, TN2 3DR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

Monetary amounts in these financial statements are stated in sterling and rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency
The Company's functional and presentational currency is sterling.
Transactions and balances
Foreign currency transactions are translated into the functional currency being sterling using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of income and retained earnings.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue is recognised on an accruals basis, based on the date of the show to which it relates.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

STEPEX LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Office equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

 Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

Cash

Cash is represented by deposits with financial institutions.

 
2.10

 Creditors

Short-term creditors are measured at the transaction price.

Page 4

STEPEX LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 5).


4.


Tangible fixed assets





Office equipment

£



Cost


At 1 January 2023
2,598


Additions
815


Disposals
(461)



At 31 December 2023

2,952



Depreciation


At 1 January 2023
2,448


Charge for the year on owned assets
263


Disposals
(461)



At 31 December 2023

2,250



Net book value



At 31 December 2023
702



At 31 December 2022
150

Page 5

STEPEX LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
38,728
14,011

Other debtors
9,960
6,198

Prepayments
43,766
20,868

92,454
41,077



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
25,371
8,267

Corporation tax
73,151
38,671

Other taxation and social security
5,985
3,626

Other creditors
12,909
12,201

Accruals and deferred income
66,583
59,998

183,999
122,763


 
Page 6