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REGISTERED NUMBER: SC448733 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Stepping Stones Play Services Limited

Stepping Stones Play Services Limited (Registered number: SC448733)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stepping Stones Play Services Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Ms M B Kennedy
E Kennedy





REGISTERED OFFICE: 5 West Kippielaw Loan
Dalkeith
East Lothian
EH22 2GJ





REGISTERED NUMBER: SC448733 (Scotland)





ACCOUNTANTS: Cowan & Partners Limited
60 Constitution Street
Edinburgh
EH6 6RR

Stepping Stones Play Services Limited (Registered number: SC448733)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 64,389 50,086
Tangible assets 5 24,774 12,733
89,163 62,819

CURRENT ASSETS
Debtors 6 5,918 13,991
Cash at bank 20,663 32,422
26,581 46,413
CREDITORS
Amounts falling due within one year 7 91,798 86,865
NET CURRENT LIABILITIES (65,217 ) (40,452 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,946

22,367

CREDITORS
Amounts falling due after more than one year 8 (10,833 ) (20,833 )

PROVISIONS FOR LIABILITIES (6,194 ) -
NET ASSETS 6,919 1,534

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 6,917 1,532
6,919 1,534

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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.

Stepping Stones Play Services Limited (Registered number: SC448733)

Balance Sheet - continued
30 April 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:





E Kennedy - Director


Stepping Stones Play Services Limited (Registered number: SC448733)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Stepping Stones Play Services Limited is a private company, limited by shares , registered in Scotland. 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 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.

The accounts were transitioned from FRS 105 to FRS 102 1A from 1 May 2023. The comparative year has been restated accordingly and no amendment is required to accounting policies as a result of this transition.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

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 - 25% on reducing balance
Computer equipment - 33% on cost

At the balance sheet date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

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 balance sheet date.


Stepping Stones Play Services Limited (Registered number: SC448733)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Debtors and creditors receivable / payable within one yea
Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Creditors with no stated interest rate and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 68 (2023 - 42 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023 58,570
Additions 22,400
At 30 April 2024 80,970
AMORTISATION
At 1 May 2023 8,484
Charge for year 8,097
At 30 April 2024 16,581
NET BOOK VALUE
At 30 April 2024 64,389
At 30 April 2023 50,086

Stepping Stones Play Services Limited (Registered number: SC448733)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 16,245 11,774 28,019
Additions 17,754 5,328 23,082
At 30 April 2024 33,999 17,102 51,101
DEPRECIATION
At 1 May 2023 6,763 8,523 15,286
Charge for year 6,809 4,232 11,041
At 30 April 2024 13,572 12,755 26,327
NET BOOK VALUE
At 30 April 2024 20,427 4,347 24,774
At 30 April 2023 9,482 3,251 12,733

No indicators of impairment were noted in the year.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 5,918 13,991

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Taxation and social security 78,160 67,248
Other creditors 3,638 9,617
91,798 86,865

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 10,833 20,833

Stepping Stones Play Services Limited (Registered number: SC448733)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
E Kennedy and Ms M B Kennedy
Balance outstanding at start of year 8,073 18,208
Amounts advanced 46,569 65,043
Amounts repaid (54,678 ) (75,178 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (36 ) 8,073