Registered number
07000398
RIGHT-STEP LIMITED
Filleted Accounts
31 August 2024
RIGHT-STEP LIMITED
Registered number: 07000398
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 433,449 433,449
Current assets
Cash at bank and in hand 913,988 622,997
Creditors: amounts falling due within one year 4 (360,634) (226,376)
Net current assets 553,354 396,621
Total assets less current liabilities 986,803 830,070
Creditors: amounts falling due after more than one year 5 (99,579) (111,480)
Net assets 887,224 718,590
Capital and reserves
Called up share capital 100 100
Profit and loss account 887,124 718,490
Shareholders' funds 887,224 718,590
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Simpson
Director
Approved by the board on 28 May 2025
RIGHT-STEP LIMITED
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 433,449 3,560 437,009
At 31 August 2024 433,449 3,560 437,009
Depreciation
At 1 September 2023 - 3,560 3,560
At 31 August 2024 - 3,560 3,560
Net book value
At 31 August 2024 433,449 - 433,449
At 31 August 2023 433,449 - 433,449
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 20,623 19,245
Directors loan account 208,164 150,818
Taxation and social security costs 67,247 47,713
Other creditors 64,600 8,600
360,634 226,376
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 99,579 111,480
6 Other information
RIGHT-STEP LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Portland House
431 Chester Road
Manchester
M16 9HA
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