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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
Page
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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
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1st Stepping Stone Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
346,214 
346,214 
Investments
50,000 
50,000 
396,214 
396,214 
Current assets
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)
Net assets
53,275 
41,345 
Capital and reserves
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
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1st Stepping Stone Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
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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 
Depreciation
At 1 December 2022
- 
2,071 
2,071 
At 30 November 2023
- 
2,071 
2,071 
Net book value
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 
Accruals
521 
496 
3,789 
4,809 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
265,817 
265,817 
Other creditors
73,079 
93,741 
338,896 
359,558 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
99 A Ordinary shares of £1 each
99 
99 
1 B Ordinary shares of £1 each
1 
1 
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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