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REGISTERED NUMBER: 05708756 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Stepping Stones Financial Services
Limited

Stepping Stones Financial Services
Limited (Registered number: 05708756)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Stepping Stones Financial Services
Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr I A Hanson





SECRETARY: Mrs R Hanson





REGISTERED OFFICE: 7 Summerford
Wellthorne Lane
Ingbirchworth
Sheffield
South Yorkshire
S36 7GS





REGISTERED NUMBER: 05708756 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Stepping Stones Financial Services
Limited (Registered number: 05708756)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 29,569 31,499

CURRENT ASSETS
Debtors 6 22,730 21,247
Cash at bank 41,106 37,204
63,836 58,451
CREDITORS
Amounts falling due within one year 7 (42,495 ) (33,912 )
NET CURRENT ASSETS 21,341 24,539
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,910

56,038

CREDITORS
Amounts falling due after more than one
year

8

(29,300

)

(32,828

)

PROVISIONS FOR LIABILITIES (1,552 ) (2,707 )
NET ASSETS 20,058 20,503

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 19,958 20,403
SHAREHOLDERS' FUNDS 20,058 20,503

Stepping Stones Financial Services
Limited (Registered number: 05708756)

Balance Sheet - continued
29 February 2024


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 29 February 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 November 2024 and were signed by:





Mr I A Hanson - Director


Stepping Stones Financial Services
Limited (Registered number: 05708756)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Stepping Stones Financial Services Limited 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 and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

All fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Stepping Stones Financial Services
Limited (Registered number: 05708756)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2023 59,626
Additions 1,464
At 29 February 2024 61,090
DEPRECIATION
At 1 March 2023 28,127
Charge for year 3,394
At 29 February 2024 31,521
NET BOOK VALUE
At 29 February 2024 29,569
At 28 February 2023 31,499

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,615 4,424
Other debtors 20,115 16,823
22,730 21,247



7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,423 7,450
Trade creditors 6,875 -
Taxation and social security 25,179 21,442
Other creditors 5,018 5,020
42,495 33,912

Stepping Stones Financial Services
Limited (Registered number: 05708756)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 29,300 32,828

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 7,300 -
7,300 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
90 Ordinary A £1 90 90
10 Ordinary B £1 10 10
100 100