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REGISTERED NUMBER: 06669365 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

STEPPING STONES ASSOCIATES LIMITED

STEPPING STONES ASSOCIATES LIMITED (REGISTERED NUMBER: 06669365)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STEPPING STONES ASSOCIATES LIMITED

COMPANY INFORMATION
For The Year Ended 31 August 2024







DIRECTOR: C P Stone





REGISTERED OFFICE: 1 Rushmills
Bedford Road
Northampton
Northamptonshire
NN4 7YB





REGISTERED NUMBER: 06669365 (England and Wales)





ACCOUNTANTS: TC Group
1 Rushmills
Bedford Road
Northampton
Northamptonshire
NN4 7YB

STEPPING STONES ASSOCIATES LIMITED (REGISTERED NUMBER: 06669365)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,593 6,434

CURRENT ASSETS
Debtors 5 8,260 5,681
Cash at bank 35,419 40,569
43,679 46,250
CREDITORS
Amounts falling due within one year 6 25,553 5,966
NET CURRENT ASSETS 18,126 40,284
TOTAL ASSETS LESS CURRENT LIABILITIES 45,719 46,718

CREDITORS
Amounts falling due after more than one
year

7

(14,943

)

-

PROVISIONS FOR LIABILITIES (1,313 ) (1,222 )
NET ASSETS 29,463 45,496

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 29,363 45,396
SHAREHOLDERS' FUNDS 29,463 45,496

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

STEPPING STONES ASSOCIATES LIMITED (REGISTERED NUMBER: 06669365)

BALANCE SHEET - continued
31 August 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 director and authorised for issue on 20 March 2025 and were signed by:





C P Stone - Director


STEPPING STONES ASSOCIATES LIMITED (REGISTERED NUMBER: 06669365)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2024


1. STATUTORY INFORMATION

Stepping Stones Associates Limited is a private company, limited by shares , 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.

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

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

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 1 (2023 - 1 ) .

STEPPING STONES ASSOCIATES LIMITED (REGISTERED NUMBER: 06669365)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 908 - 18,384 19,292
Additions - 25,225 879 26,104
At 31 August 2024 908 25,225 19,263 45,396
DEPRECIATION
At 1 September 2023 559 - 12,299 12,858
Charge for year 88 3,153 1,704 4,945
At 31 August 2024 647 3,153 14,003 17,803
NET BOOK VALUE
At 31 August 2024 261 22,072 5,260 27,593
At 31 August 2023 349 - 6,085 6,434

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 8,260 5,681

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,446 -
Trade creditors 40 -
Taxation and social security 12,509 3,572
Other creditors 8,558 2,394
25,553 5,966

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 14,943 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100