Company Registration No. 04958801 (England and Wales)
1st Stepping Stone Limited
Filleted accounts
for the year ended 30 November 2023
1st Stepping Stone Limited
Filleted accounts
Contents
1st Stepping Stone Limited
Company Information
for the year ended 30 November 2023
Directors
Monoara Pervin Rahman Choudhury
Bobby Rahman
Company Number
04958801 (England and Wales)
Registered Office
9 Highcliffe Gardens
Redbridge
Essex
IG4 5HP
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
1st Stepping Stone Limited
Statement of financial position
as at 30 November 2023
Tangible assets
346,214
346,214
Cash at bank and in hand
(254)
9,498
Creditors: amounts falling due within one year
(3,789)
(4,809)
Net current (liabilities)/assets
(4,043)
4,689
Total assets less current liabilities
392,171
400,903
Creditors: amounts falling due after more than one year
(338,896)
(359,558)
Called up share capital
100
100
Profit and loss account
53,175
41,245
Shareholders' funds
53,275
41,345
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 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 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 of Directors and authorised for issue on 1 September 2024 and were signed on its behalf by
Bobby Rahman
Director
Company Registration No. 04958801
1st Stepping Stone Limited
Notes to the Accounts
for the year ended 30 November 2023
1st Stepping Stone Limited is a private company, limited by shares, registered in England and Wales, registration number 04958801. The registered office is 9 Highcliffe Gardens, Redbridge, Essex, IG4 5HP.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land & buildings
Not depreciated
Fixtures & fittings
25% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
1st Stepping Stone Limited
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2022
346,214
2,071
348,285
At 30 November 2023
346,214
2,071
348,285
At 1 December 2022
-
2,071
2,071
At 30 November 2023
-
2,071
2,071
At 30 November 2023
346,214
-
346,214
At 30 November 2022
346,214
-
346,214
5
Investments
Other investments
Valuation at 1 December 2022
50,000
Valuation at 30 November 2023
50,000
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
3,268
4,313
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
265,817
265,817
Other creditors
73,079
93,741
Allotted, called up and fully paid:
99 A Ordinary shares of £1 each
99
99
1 B Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).