Company Registration No. 12874930 (England and Wales)
Steplab Ltd
Unaudited accounts
for the year ended 31 August 2024
Steplab Ltd
Unaudited accounts
Contents
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
Steplab Ltd
Statement of financial position
as at 31 August 2024
Intangible assets
16,495
494
Tangible assets
26,844
8,971
Cash at bank and in hand
1,833,446
1,860,074
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
Called up share capital
139
129
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
Steplab Ltd
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Steplab Ltd
Notes to the Accounts
for the year ended 31 August 2024
4
Intangible fixed assets
Other
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
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
At 31 August 2024
946
1,008
24,890
26,844
At 31 August 2023
-
1,577
7,394
8,971
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
Steplab Ltd
Notes to the Accounts
for the year ended 31 August 2024
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
22,800
22,194
Taxes and social security
354,297
177,380
Other creditors
22,400
19,621
Deferred income
1,635,245
866,635
8
Average number of employees
During the year the average number of employees was 15 (2023: 11).