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REGISTERED NUMBER: 12116640 (England and Wales)











Take The Next Step Ltd

Unaudited Financial Statements

for the Year Ended 31 July 2024






Take The Next Step Ltd (Registered number: 12116640)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Take The Next Step Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Ms A Bryan
Ms N Emsley





REGISTERED OFFICE: 6 Charter Point Way
Ashby Park
Ashby de la Zouch
Leicestershire
LE65 1NF





REGISTERED NUMBER: 12116640 (England and Wales)





ACCOUNTANTS: Haines Watts
6 Charter Point Way
Ashby Business Park
Ashby De La Zouch
Leicestershire
LE65 1NF

Take The Next Step Ltd (Registered number: 12116640)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,052 986

CURRENT ASSETS
Debtors 5 2,465 5,790
Cash at bank 27,647 -
30,112 5,790
CREDITORS
Amounts falling due within one year 6 7,076 8,509
NET CURRENT ASSETS/(LIABILITIES) 23,036 (2,719 )
TOTAL ASSETS LESS CURRENT LIABILITIES 25,088 (1,733 )

CREDITORS
Amounts falling due after more than one year 7 (822 ) (2,955 )

PROVISIONS FOR LIABILITIES - (187 )
NET ASSETS/(LIABILITIES) 24,266 (4,875 )

RESERVES
Income and expenditure account 24,266 (4,875 )
24,266 (4,875 )

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

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

The directors acknowledge their 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 surplus or deficit 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 Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:




Ms A Bryan - Director


Take The Next Step Ltd (Registered number: 12116640)

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


1. STATUTORY INFORMATION

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

These accounts were prepared on an on going basis with the continued support of the directors.

Significant judgements and estimates
The company makes estimates and assumptions concerning the future. Management are also required to exercise judgement in the process of applying the company's accounting policies. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:

In preparing these financial statements, the directors have made the following judgements:

-A provision is recognised when the company has a present legal or constructive obligation as a result of a past event for which it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. If the effect is material, provisions are determined by discounting the expected future cash flow at a rate that reflects the time value of money and the risks specific to the liability.

-Whether a present obligation is probable or not requires judgement, The nature and type of risks for these provisions differ and management's judgement is applied regarding the nature and extent of obligations in deciding if and outflow of resources is probable or not.

-Sales ledger debt provisions. Management review debts on a case by case basis to highlight deviation from terms and therefore possible provision requirements.

-Depreciation and residual vales. The directors have reviewed the asst lives and associated residual values of all fixed asst classes, and in particular the useful economic life and residual value of motor vehicles and computers, and have concluded that the asset lives are appropriate. the actual lives of the assets are assessed annually and may vary depending on a number of factors. In re-assessing the asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Take The Next Step Ltd (Registered number: 12116640)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measure initially at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective interest method, less any impairment.

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

3. EMPLOYEES AND DIRECTORS

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

Take The Next Step Ltd (Registered number: 12116640)

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


4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 1,500 746 2,246
Additions 2,500 - 2,500
Disposals (1,500 ) - (1,500 )
At 31 July 2024 2,500 746 3,246
DEPRECIATION
At 1 August 2023 750 510 1,260
Charge for year 625 59 684
Eliminated on disposal (750 ) - (750 )
At 31 July 2024 625 569 1,194
NET BOOK VALUE
At 31 July 2024 1,875 177 2,052
At 31 July 2023 750 236 986

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 5,540
Other debtors 2,465 250
2,465 5,790

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 2,133 5,507
Taxation and social security 4,943 1,139
Other creditors - 1,863
7,076 8,509

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 822 2,955

Take The Next Step Ltd (Registered number: 12116640)

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


8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 3,374
Bank loans 2,133 2,133
2,133 5,507

Amounts falling due between two and five years:
Bank loans - 2-5 years 822 2,955

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors, Ms A Bryan and Ms N Gunn, made loans to the company which are interest free and repayable on demand. At the end of the year the total amount owed to the directors was £2,215 (2023: £1,863).

10. LIMITED BY GUARANTEE

The company is limited by guarantee of members and does not have share capital. the liability of the members is limited to £1