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Company Registration No. 12874930 (England and Wales)
Steplab Ltd Unaudited accounts for the year ended 31 August 2024
Steplab Ltd Unaudited accounts Contents
Page
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Steplab Ltd Company Information for the year ended 31 August 2024
Directors
Ben Abelman Joshua Goodrich
Company Number
12874930 (England and Wales)
Registered Office
Uncommon Highbury 25 Horsell Road London London N5 1XL England
Accountants
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
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Steplab Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
16,495 
494 
Tangible assets
26,844 
8,971 
43,339 
9,465 
Current assets
Debtors
1,217,516 
404,557 
Cash at bank and in hand
1,833,446 
1,860,074 
3,050,962 
2,264,631 
Creditors: amounts falling due within one year
(2,294,821)
(1,318,327)
Net current assets
756,141 
946,304 
Net assets
799,480 
955,769 
Capital and reserves
Called up share capital
139 
129 
Share premium
6,422 
- 
Profit and loss account
792,919 
955,640 
Shareholders' funds
799,480 
955,769 
For the year ending 31 August 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 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 of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by
Joshua Goodrich Director Company Registration No. 12874930
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Steplab Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Steplab Ltd is a private company, limited by shares, registered in England and Wales, registration number 12874930. The registered office is Uncommon Highbury, 25 Horsell Road, London, London, N5 1XL, England.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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
10% Straight Line
Fixtures & fittings
33% Straight Line
Computer equipment
33% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Steplab Ltd Notes to the Accounts for the year ended 31 August 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 September 2023
494 
Additions
17,834 
At 31 August 2024
18,328 
Amortisation
At 1 September 2023
- 
Charge for the year
1,833 
At 31 August 2024
1,833 
Net book value
At 31 August 2024
16,495 
At 31 August 2023
494 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
1,417 
2,909 
16,127 
20,453 
Additions
1,051 
453 
26,163 
27,667 
At 31 August 2024
2,468 
3,362 
42,290 
48,120 
Depreciation
At 1 September 2023
1,417 
1,332 
8,733 
11,482 
Charge for the year
105 
1,022 
8,667 
9,794 
At 31 August 2024
1,522 
2,354 
17,400 
21,276 
Net book value
At 31 August 2024
946 
1,008 
24,890 
26,844 
At 31 August 2023
- 
1,577 
7,394 
8,971 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
955,072 
294,773 
Accrued income and prepayments
248,721 
102,898 
Other debtors
13,723 
6,886 
1,217,516 
404,557 
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Steplab Ltd Notes to the Accounts for the year ended 31 August 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
188,995 
194,733 
Trade creditors
22,800 
22,194 
Taxes and social security
354,297 
177,380 
Other creditors
22,400 
19,621 
Accruals
71,084 
37,764 
Deferred income
1,635,245 
866,635 
2,294,821 
1,318,327 
8
Average number of employees
During the year the average number of employees was 15 (2023: 11).
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