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REGISTERED NUMBER: 07937808 (England and Wales)















Steps Training Ltd

Unaudited Financial Statements for the Year Ended 31 March 2024






Steps Training Ltd (Registered number: 07937808)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Steps Training Ltd

Company Information
for the Year Ended 31 March 2024







Director: S Farmer





Registered office: 14 Trade Street
Cardiff
CF10 5DT





Registered number: 07937808 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Steps Training Ltd (Registered number: 07937808)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
Fixed assets
Property, plant and equipment 4 1,141 1,426

Current assets
Debtors 5 44 72
Cash at bank and in hand 10,933 12,604
10,977 12,676
Creditors
Amounts falling due within one year 6 (1,350 ) (1,684 )
Net current assets 9,627 10,992
Total assets less current liabilities 10,768 12,418

Provisions for liabilities 7 (217 ) (271 )
Net assets 10,551 12,147

Capital and reserves
Called up share capital 8 2 2
Retained earnings 10,549 12,145
Shareholders' funds 10,551 12,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 October 2024 and were signed by:





S Farmer - Director


Steps Training Ltd (Registered number: 07937808)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

Steps Training Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These accounts have not been prepared on a going concern basis as the director is of the belief that the company will be closed down within 12 months of the accounts being signed. All assets and liabilities have been stated at their current fair values.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 20% on reducing balance

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangements as either financial assets, financial liabilities or equity instruments, and are held at amortised cost. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was NIL (2023 - 1 ).

Steps Training Ltd (Registered number: 07937808)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. Property, plant and equipment
Computer
equipment
£   
Cost
At 1 April 2023
and 31 March 2024 4,099
Depreciation
At 1 April 2023 2,673
Charge for year 285
At 31 March 2024 2,958
Net book value
At 31 March 2024 1,141
At 31 March 2023 1,426

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Prepayments 44 72

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 40 40
Tax 148 414
Accrued expenses 1,162 1,230
1,350 1,684

7. Provisions for liabilities
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 217 271

Deferred
tax
£   
Balance at 1 April 2023 271
Provided during year (54 )
Balance at 31 March 2024 217

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2