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Company Registration No. 03563009 (England and Wales)
Steprite Ltd Unaudited accounts for the year ended 31 March 2024
Steprite Ltd Unaudited accounts Contents
Page
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Steprite Ltd Company Information for the year ended 31 March 2024
Director
Joshua Josefovitz
Company Number
03563009 (England and Wales)
Registered Office
450 Lower Broughton Road Salford M7 2FG
Accountants
Bookshine Ltd Suite 3, First floor 80 Leicester road Salford M7 4AR
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Steprite Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,731 
7,327 
Current assets
Inventories
215,456 
189,002 
Debtors
116,130 
37,321 
Cash at bank and in hand
77,100 
44,203 
408,686 
270,526 
Creditors: amounts falling due within one year
(185,074)
(95,713)
Net current assets
223,612 
174,813 
Net assets
230,343 
182,140 
Capital and reserves
Called up share capital
560 
560 
Profit and loss account
229,783 
181,580 
Shareholders' funds
230,343 
182,140 
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 his 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 3 February 2025 and were signed on its behalf by
Joshua Josefovitz Director Company Registration No. 03563009
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Steprite Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Steprite Ltd is a private company, limited by shares, registered in England and Wales, registration number 03563009. The registered office is 450 Lower Broughton Road, Salford, M7 2FG.
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.
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:
Plant & machinery
15% On Cost
Fixtures & fittings
15% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
6,227 
11,010 
17,237 
Additions
- 
1,427 
1,427 
At 31 March 2024
6,227 
12,437 
18,664 
Depreciation
At 1 April 2023
4,733 
5,177 
9,910 
Charge for the year
934 
1,089 
2,023 
At 31 March 2024
5,667 
6,266 
11,933 
Net book value
At 31 March 2024
560 
6,171 
6,731 
At 31 March 2023
1,494 
5,833 
7,327 
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Steprite Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
5,012 
2,751 
Amounts due from group undertakings etc.
106,981 
31,649 
Accrued income and prepayments
917 
- 
Other debtors
3,220 
2,921 
116,130 
37,321 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
81,878 
53,528 
Taxes and social security
38,188 
33,176 
Other creditors
62,279 
4,179 
Loans from directors
1,429 
3,925 
Accruals
1,300 
905 
185,074 
95,713 
7
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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