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REGISTERED NUMBER: 10966301 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

FAIRY STEPS LIMITED

FAIRY STEPS LIMITED (REGISTERED NUMBER: 10966301)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

FAIRY STEPS LIMITED

COMPANY INFORMATION
for the Year Ended 30th September 2024







DIRECTORS: Mr D E Schrieber
Mrs S C Schrieber





REGISTERED OFFICE: 95 King Street
Lancaster
Lancashire
LA1 1RH





REGISTERED NUMBER: 10966301 (England and Wales)





ACCOUNTANTS: Taylor, Robertson & Willett Ltd
95 King Street
Lancaster
Lancashire
LA1 1RH

FAIRY STEPS LIMITED (REGISTERED NUMBER: 10966301)

BALANCE SHEET
30th September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 591,199 592,779
591,199 592,779

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 6 2,818 1,383
Cash at bank and in hand 65,518 67,565
73,336 73,948
CREDITORS
Amounts falling due within one year 7 137,543 149,097
NET CURRENT LIABILITIES (64,207 ) (75,149 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

526,992

517,630

CREDITORS
Amounts falling due after more than one year 8 (212,110 ) (226,754 )

PROVISIONS FOR LIABILITIES (21,868 ) (22,238 )
NET ASSETS 293,014 268,638

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 292,914 268,538
SHAREHOLDERS' FUNDS 293,014 268,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FAIRY STEPS LIMITED (REGISTERED NUMBER: 10966301)

BALANCE SHEET - continued
30th September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd June 2025 and were signed on its behalf by:





Mr D E Schrieber - Director


FAIRY STEPS LIMITED (REGISTERED NUMBER: 10966301)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th September 2024

1. STATUTORY INFORMATION

Fairy Steps 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


FAIRY STEPS LIMITED (REGISTERED NUMBER: 10966301)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th September 2024

2. ACCOUNTING POLICIES - continued
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 19 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2023
and 30th September 2024 20,000
AMORTISATION
At 1st October 2023
and 30th September 2024 20,000
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 -

FAIRY STEPS LIMITED (REGISTERED NUMBER: 10966301)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th September 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st October 2023 521,000 74,453 40,508 51,090 687,051
Additions - - 15,531 - 15,531
At 30th September 2024 521,000 74,453 56,039 51,090 702,582
DEPRECIATION
At 1st October 2023 - 45,181 26,739 22,352 94,272
Charge for year - 5,860 4,067 7,184 17,111
At 30th September 2024 - 51,041 30,806 29,536 111,383
NET BOOK VALUE
At 30th September 2024 521,000 23,412 25,233 21,554 591,199
At 30th September 2023 521,000 29,272 13,769 28,738 592,779

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,899 369
Other debtors 919 1,014
2,818 1,383

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 30,699 23,647
Trade creditors 16,939 27,544
Taxation and social security 44,871 44,730
Other creditors 45,034 53,176
137,543 149,097

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 212,110 226,754

9. POST BALANCE SHEET EVENTS

The freehold property was revalued after the year end, in December 2024, at £750,000.

FAIRY STEPS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
FAIRY STEPS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th September 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Our report is prepared solely for the confidential use of the directors and should not be relied upon by any third party without prior reference to ourselves.






Taylor, Robertson & Willett Ltd
95 King Street
Lancaster
Lancashire
LA1 1RH


3rd June 2025