REGISTERED NUMBER: 05708756 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Stepping Stones Financial Services

Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

Mr I A Hanson

SECRETARY:

Mrs R Hanson

REGISTERED OFFICE:

7 Summerford

Wellthorne Lane

Ingbirchworth

Sheffield

South Yorkshire

S36 7GS

REGISTERED NUMBER:

05708756 (England and Wales)

ACCOUNTANTS:

Harris & Co Limited

Chartered Accountants

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

FIXED ASSETS

Tangible assets

5

27,754

29,569

CURRENT ASSETS

Debtors

6

15,040

22,730

Cash at bank

70,334

41,106

85,374

63,836

CREDITORS

Amounts falling due within one year

7

(55,302

)

(42,495

)

NET CURRENT ASSETS

30,072

21,341

TOTAL ASSETS LESS CURRENT LIABILITIES

57,826

50,910

CREDITORS

Amounts falling due after more than one year

8

(23,667

)

(29,300

)

PROVISIONS FOR LIABILITIES

(6,307

)

(1,552

)

NET ASSETS

27,852

20,058

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

27,752

19,958

SHAREHOLDERS' FUNDS

27,852

20,058

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

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 director and authorised for issue on 17 July 2025 and were signed by:

Mr I A Hanson - Director

1.	STATUTORY INFORMATION

Stepping Stones Financial Services 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates

The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

All fixed assets are initially recorded at cost.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 March 2024

61,090

Additions

2,822

At 28 February 2025

63,912

DEPRECIATION

At 1 March 2024

31,521

Charge for year

4,637

At 28 February 2025

36,158

NET BOOK VALUE

At 28 February 2025

27,754

At 29 February 2024

29,569

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,999

2,615

Other debtors

10,041

20,115

15,040

22,730

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,500

5,423

Trade creditors

-

6,875

Taxation and social security

36,665

25,179

Other creditors

13,137

5,018

55,302

42,495

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

23,667

29,300

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalments

-

7,300

-

7,300

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

90

Ordinary A

£1

90

90

10

Ordinary B

£1

10

10

100

100