Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 05232366 Mr Oliver Smith Mr James Cook Mr David Mynard Mr Gareth Griffiths iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05232366 2023-05-31 05232366 2024-05-31 05232366 2023-06-01 2024-05-31 05232366 frs-core:CurrentFinancialInstruments 2024-05-31 05232366 frs-core:Non-currentFinancialInstruments 2024-05-31 05232366 frs-core:BetweenOneFiveYears 2024-05-31 05232366 frs-core:ComputerEquipment 2024-05-31 05232366 frs-core:ComputerEquipment 2023-06-01 2024-05-31 05232366 frs-core:ComputerEquipment 2023-05-31 05232366 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-05-31 05232366 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-01 2024-05-31 05232366 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-31 05232366 frs-core:FurnitureFittings 2024-05-31 05232366 frs-core:FurnitureFittings 2023-06-01 2024-05-31 05232366 frs-core:FurnitureFittings 2023-05-31 05232366 frs-core:MoreThanFiveYears 2024-05-31 05232366 frs-core:MotorVehicles 2024-05-31 05232366 frs-core:MotorVehicles 2023-06-01 2024-05-31 05232366 frs-core:MotorVehicles 2023-05-31 05232366 frs-core:PlantMachinery 2024-05-31 05232366 frs-core:PlantMachinery 2023-06-01 2024-05-31 05232366 frs-core:PlantMachinery 2023-05-31 05232366 frs-core:WithinOneYear 2024-05-31 05232366 frs-core:ShareCapital 2024-05-31 05232366 frs-core:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 05232366 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 05232366 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05232366 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 05232366 frs-bus:SmallEntities 2023-06-01 2024-05-31 05232366 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05232366 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 05232366 frs-bus:OrdinaryShareClass2 2023-06-01 2024-05-31 05232366 frs-bus:OrdinaryShareClass2 2024-05-31 05232366 frs-bus:OrdinaryShareClass3 2023-06-01 2024-05-31 05232366 frs-bus:OrdinaryShareClass3 2024-05-31 05232366 frs-core:AcceleratedTaxDepreciationDeferredTax 2024-05-31 05232366 frs-bus:Director1 2023-06-01 2024-05-31 05232366 frs-bus:Director2 2023-06-01 2024-05-31 05232366 frs-bus:Director3 2023-06-01 2024-05-31 05232366 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 05232366 frs-countries:EnglandWales 2023-06-01 2024-05-31 05232366 2022-05-31 05232366 2023-05-31 05232366 2022-06-01 2023-05-31 05232366 frs-core:CurrentFinancialInstruments 2023-05-31 05232366 frs-core:Non-currentFinancialInstruments 2023-05-31 05232366 frs-core:BetweenOneFiveYears 2023-05-31 05232366 frs-core:ComputerEquipment 2022-06-01 2023-05-31 05232366 frs-core:MoreThanFiveYears 2023-05-31 05232366 frs-core:MotorVehicles 2022-06-01 2023-05-31 05232366 frs-core:WithinOneYear 2023-05-31 05232366 frs-core:ShareCapital 2022-05-31 05232366 frs-core:ShareCapital 2023-05-31 05232366 frs-core:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 05232366 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-05-31 05232366 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 05232366 frs-bus:OrdinaryShareClass2 2022-06-01 2023-05-31 05232366 frs-bus:OrdinaryShareClass3 2022-06-01 2023-05-31 05232366 frs-core:AcceleratedTaxDepreciationDeferredTax 2023-05-31
Registered number: 05232366
Stepping Stone Media Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
SFB Group Limited
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—8
Page 1
Balance Sheet
Registered number: 05232366
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 27,720 -
Tangible Assets 5 236,965 111,867
264,685 111,867
CURRENT ASSETS
Stocks 6 30,215 105,902
Debtors 7 432,193 352,024
Cash at bank and in hand 283,797 442,431
746,205 900,357
Creditors: Amounts Falling Due Within One Year 8 (285,870 ) (320,296 )
NET CURRENT ASSETS (LIABILITIES) 460,335 580,061
TOTAL ASSETS LESS CURRENT LIABILITIES 725,020 691,928
Creditors: Amounts Falling Due After More Than One Year 9 (63,314 ) (32,825 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 12 (52,323 ) (26,644 )
NET ASSETS 609,383 632,459
CAPITAL AND RESERVES
Called up share capital 13 176 176
Profit and Loss Account 609,207 632,283
SHAREHOLDERS' FUNDS 609,383 632,459
Page 1
Page 2
For the year ending 31 May 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Mynard
Director
20/02/2025
The notes on pages 4 to 8 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 June 2022 176 466,688 466,864
Profit for the year and total comprehensive income - 317,795 317,795
Dividends paid - (152,200) (152,200)
As at 31 May 2023 and 1 June 2023 176 632,283 632,459
Profit for the year and total comprehensive income - 125,324 125,324
Dividends paid - (148,400) (148,400)
As at 31 May 2024 176 609,207 609,383
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Stepping Stone Media Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05232366 . The registered office is Manor Court Chambers, Townsend Drive, Nuneaton, Warwickshire, CV11 6RU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website costs. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Equipment 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on reducing balance
Computer Equipment 25% on reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 4
Page 5
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 12)
13 12
4. Intangible Assets
Website Development Costs
£
Cost
As at 1 June 2023 -
Additions 30,800
As at 31 May 2024 30,800
Amortisation
As at 1 June 2023 -
Provided during the period 3,080
As at 31 May 2024 3,080
Net Book Value
As at 31 May 2024 27,720
As at 1 June 2023 -
Asset is amortised over 10 years on a straight line basis.
Page 5
Page 6
5. Tangible Assets
Equipment Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 20,397 - 50,163 200,897 271,457
Additions 8,199 59,350 135,022 6,312 208,883
Disposals - - (38,572 ) - (38,572 )
As at 31 May 2024 28,596 59,350 146,613 207,209 441,768
Depreciation
As at 1 June 2023 11,810 - 33,820 113,960 159,590
Provided during the period 4,196 14,838 27,482 23,313 69,829
Disposals - - (24,616 ) - (24,616 )
As at 31 May 2024 16,006 14,838 36,686 137,273 204,803
Net Book Value
As at 31 May 2024 12,590 44,512 109,927 69,936 236,965
As at 1 June 2023 8,587 - 16,343 86,937 111,867
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 44,513 -
Computer Equipment 18,067 24,089
62,580 24,089
6. Stocks
2024 2023
£ £
Work in progress 30,215 105,902
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 356,757 314,780
Other debtors 75,436 37,244
432,193 352,024
Page 6
Page 7
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 16,570 10,706
Trade creditors 64,789 107,791
Other creditors 64,632 42,232
Taxation and social security 139,879 159,567
285,870 320,296
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 48,509 20,520
Other creditors 14,805 12,305
63,314 32,825
10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 65,079 31,226
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 16,570 10,706
Later than one year and not later than five years 48,509 20,520
65,079 31,226
65,079 31,226
12. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Accelerated capital allowances 52,323 26,644
13. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary A shares of £ 1.00 each 100 100
76 Ordinary B shares of £ 1.00 each 76 76
176 176
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14. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 36,736 8,795
Later than one year and not later than five years 341,317 16,077
Later than five years 403,945 -
781,998 24,872
Page 8