REGISTERED NUMBER: 05916104 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

First Step GB Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

W Edwards

SECRETARY:

Mrs L Edwards

REGISTERED OFFICE:

Unit 19 Leafield Industrial Estate

Corsham

Wiltshire

SN13 9SW

REGISTERED NUMBER:

05916104 (England and Wales)

ACCOUNTANTS:

Morley & Co (UK) Ltd

Chartered Certified Accountants,

2 Cricklade Court

Old Town

Swindon

Wiltshire

SN1 3EY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

21,872

16,945

21,872

16,945

CURRENT ASSETS

Debtors

6

4,557

5,861

Cash at bank and in hand

16,628

46,258

21,185

52,119

CREDITORS

Amounts falling due within one year

7

22,258

23,719

NET CURRENT (LIABILITIES)/ASSETS

(1,073

)

28,400

TOTAL ASSETS LESS CURRENT LIABILITIES

20,799

45,345

CREDITORS

Amounts falling due after more than one year

8

(12,250

)

(33,593

)

PROVISIONS FOR LIABILITIES

(4,156

)

(2,896

)

NET ASSETS

4,393

8,856

CAPITAL AND RESERVES

Called up share capital

405

405

Capital redemption reserve

95

95

Retained earnings

3,893

8,356

SHAREHOLDERS' FUNDS

4,393

8,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 13 November 2025 and were signed by:

W Edwards - Director

1.	STATUTORY INFORMATION

First Step GB 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 2006, is being amortised over its remaining estimated useful life of ten years from 1st September 2012.

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.

Improvements to property

-

20% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Financial instruments

Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

50,000

AMORTISATION

At 1 September 2024

and 31 August 2025

50,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 September 2024

51,972

57,383

30,808

31,906

172,069

Additions

-

1,932

7,664

400

9,996

At 31 August 2025

51,972

59,315

38,472

32,306

182,065

DEPRECIATION

At 1 September 2024

51,972

55,411

17,097

30,644

155,124

Charge for year

-

1,103

3,555

411

5,069

At 31 August 2025

51,972

56,514

20,652

31,055

160,193

NET BOOK VALUE

At 31 August 2025

-

2,801

17,820

1,251

21,872

At 31 August 2024

-

1,972

13,711

1,262

16,945

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,686

4,447

Other debtors

871

1,414

4,557

5,861

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,125

9,500

Trade creditors

7,836

6,465

Taxation and social security

3,006

2,698

Other creditors

4,291

5,056

22,258

23,719

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

390

7,809

Other creditors

11,860

25,784

12,250

33,593