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Company Registration No. SC654071 (Scotland)
Step And Stone Health Ltd Unaudited accounts for the year ended 31 March 2024
Step And Stone Health Ltd Unaudited accounts Contents
Page
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Step And Stone Health Ltd Company Information for the year ended 31 March 2024
Director
Amy Maclean
Company Number
SC654071 (Scotland)
Registered Office
Unit 16 Westhill Shopping Centre Westhill AB32 6RL Scotland
Accountants
Hive Accounting Barnfield Penshurst Road Speldhurst Kent TN3 0PH
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Step And Stone Health Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
5,000 
10,000 
Tangible assets
41,128 
47,559 
46,128 
57,559 
Current assets
Debtors
14,659 
18,990 
Cash at bank and in hand
353 
3,218 
15,012 
22,208 
Creditors: amounts falling due within one year
(44,715)
(129,715)
Net current liabilities
(29,703)
(107,507)
Total assets less current liabilities
16,425 
(49,948)
Creditors: amounts falling due after more than one year
(12,350)
(16,734)
Provisions for liabilities
Deferred tax
(8,175)
- 
Net liabilities
(4,100)
(66,682)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(4,101)
(66,683)
Shareholders' funds
(4,100)
(66,682)
For the year ending 31 March 2024 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 director acknowledges her 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 and authorised for issue on 27 December 2024 and were signed on its behalf by
Amy Maclean Director Company Registration No. SC654071
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Step And Stone Health Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Step And Stone Health Ltd is a private company, limited by shares, registered in Scotland, registration number SC654071. The registered office is Unit 16, Westhill Shopping Centre, Westhill, AB32 6RL, Scotland.
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.
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequesntly measured at cost less accumulated depreciation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected useful life, which is 4 years.
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Software - 1 & 2 years straight line
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Step And Stone Health Ltd Notes to the Accounts for the year ended 31 March 2024
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
10 years straight line
Plant & machinery
2 & 4 years straight line
Fixtures & fittings
1 & 2 years straight line
Computer equipment
1 & 2 years straight line
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to release the asset and settle the liability simultaneously. Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
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Step And Stone Health Ltd Notes to the Accounts for the year ended 31 March 2024
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Retirement benefits
Payments to defined contribution retirement schemes are charged as an expense as the fall due.
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which the economic benefits from the leased asset are consumed.
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.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 April 2023
20,000 
2,438 
22,438 
At 31 March 2024
20,000 
2,438 
22,438 
Amortisation
At 1 April 2023
10,000 
2,438 
12,438 
Charge for the year
5,000 
- 
5,000 
At 31 March 2024
15,000 
2,438 
17,438 
Net book value
At 31 March 2024
5,000 
- 
5,000 
At 31 March 2023
10,000 
- 
10,000 
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Step And Stone Health Ltd Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
3,307 
50,467 
53,774 
At 31 March 2024
3,307 
50,467 
53,774 
Depreciation
At 1 April 2023
1,352 
4,863 
6,215 
Charge for the year
1,367 
5,064 
6,431 
At 31 March 2024
2,719 
9,927 
12,646 
Net book value
At 31 March 2024
588 
40,540 
41,128 
At 31 March 2023
1,955 
45,604 
47,559 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,304 
2,397 
Accrued income and prepayments
1,355 
9,593 
Other debtors
7,000 
7,000 
14,659 
18,990 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
17,206 
30,567 
Trade creditors
5,835 
18,355 
Taxes and social security
2,218 
1,159 
Other creditors
15,100 
72,808 
Accruals
1,800 
6,826 
Deferred income
2,556 
- 
44,715 
129,715 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,500 
4,334 
Other creditors
9,850 
12,400 
12,350 
16,734 
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Step And Stone Health Ltd Notes to the Accounts for the year ended 31 March 2024
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
8,264 
- 
Tax losses carried forward
(89)
- 
8,175 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
8,175 
- 
Provision at end of year
8,175 
- 
10
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
58,240 
48,000 
Later than one year and not later than five years
87,360 
120,000 
145,600 
168,000 
11
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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