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REGISTERED NUMBER: 06627318 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

First-Step Group Limited

First-Step Group Limited (Registered number: 06627318)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


First-Step Group Limited (Registered number: 06627318)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 375,874 377,541
Investments 5 1 1
375,875 377,542

CURRENT ASSETS
Debtors 6 7,120,698 7,112,550
Cash at bank 998,078 535,359
8,118,776 7,647,909
CREDITORS
Amounts falling due within one year 7 3,426,194 3,578,886
NET CURRENT ASSETS 4,692,582 4,069,023
TOTAL ASSETS LESS CURRENT LIABILITIES 5,068,457 4,446,565

CREDITORS
Amounts falling due after more than one year 8 (4,086,220 ) (3,947,414 )

PROVISIONS FOR LIABILITIES (1,469 ) -
NET ASSETS 980,768 499,151

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 980,767 499,150
SHAREHOLDERS' FUNDS 980,768 499,151

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2024 and were signed by:





H S Dhaliwal - Director


First-Step Group Limited (Registered number: 06627318)

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

1. STATUTORY INFORMATION

First-Step Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06627318

Registered office: Unit 4 Royal Mills
17 Redhill Street
Ancoats
Greater Manchester
M4 5BA

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.

Turnover
Turnover represents amounts receivable for goods and services provided in the normal course of
business, net of trade discounts, VAT and other sales related taxes.
Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable
certainty, by including in the profit and loss account turnover and related costs as contract activity
progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to
total expected costs for that contract.

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 - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 6 (2023 - 6 ) .

First-Step Group Limited (Registered number: 06627318)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 370,000 13,183 17,657 400,840
Additions - - 291 291
At 31 March 2024 370,000 13,183 17,948 401,131
DEPRECIATION
At 1 April 2023 - 10,931 12,368 23,299
Charge for year - 563 1,395 1,958
At 31 March 2024 - 11,494 13,763 25,257
NET BOOK VALUE
At 31 March 2024 370,000 1,689 4,185 375,874
At 31 March 2023 370,000 2,252 5,289 377,541

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 2
PROVISIONS
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,500 3,140
Other debtors 7,116,198 7,109,410
7,120,698 7,112,550

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 44,112 44,112
Trade creditors 254,205 282,565
Amounts owed to group undertakings 188,617 199,974
Taxation and social security 15,702 392,869
Other creditors 2,923,558 2,659,366
3,426,194 3,578,886

First-Step Group Limited (Registered number: 06627318)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 585,725 629,837
Other creditors 3,500,495 3,317,577
4,086,220 3,947,414

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 409,277 453,389