REGISTERED NUMBER: 03723601 (England and Wales)

LITTLE STEPS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A L Arter

SECRETARIES:

A L Arter

M V Buchanan-Brown

REGISTERED OFFICE:

1 Lancaster Road

St Albans

Hertfordshire

AL1 4EP

REGISTERED NUMBER:

03723601 (England and Wales)

ACCOUNTANTS:

Miller & Co

Chartered Accountants

5 Imperial Court

Laporte Way

Luton

Bedfordshire

LU4 8FE

FIXED ASSETS

Tangible assets

5

916,305

913,543

CURRENT ASSETS

Debtors

6

135,032

155

Cash at bank

59,704

8,625

194,736

8,780

CREDITORS

Amounts falling due within one year

7

165,269

190,321

NET CURRENT ASSETS/(LIABILITIES)

29,467

(181,541

)

TOTAL ASSETS LESS CURRENT LIABILITIES

945,772

732,002

CREDITORS

Amounts falling due after more than one year

8

(284,916

)

(14,167

)

PROVISIONS FOR LIABILITIES

-

(2,487

)

NET ASSETS

660,856

715,348

CAPITAL AND RESERVES

Called up, paid and allotted share capital

2

2

Retained earnings

660,854

715,346

SHAREHOLDERS' FUNDS

660,856

715,348

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 16 December 2025 and were signed by:

A L Arter - Director

1.	STATUTORY INFORMATION

Little 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

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 under the historical cost convention.

Income recognition

Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Freehold property (excluding land) is depreciated over the assets expected useful economic life at a rate of 2% per annum on the assets depreciable amount. The depreciable amount of the asset is calculated as cost less residual value.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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 19 (2024 - 19 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

900,451

52,720

26,606

43,869

1,023,646

Additions

-

-

-

6,724

6,724

At 31 March 2025

900,451

52,720

26,606

50,593

1,030,370

DEPRECIATION

At 1 April 2024

-

48,089

24,344

37,670

110,103

Charge for year

-

926

451

2,585

3,962

At 31 March 2025

-

49,015

24,795

40,255

114,065

NET BOOK VALUE

At 31 March 2025

900,451

3,705

1,811

10,338

916,305

At 31 March 2024

900,451

4,631

2,262

6,199

913,543

The director considers that the current residual value of freehold property exceeds cost so the depreciation charge for the year is nil.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

135,032

155

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

22,110

20,798

Trade creditors

7,892

297

Taxation and social security

36,988

37,399

Other creditors

98,279

131,827

165,269

190,321

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

284,916

14,167

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by

instalments

222,612

-

222,612

-

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

A L Arter

Balance outstanding at start of year

(49,522

)

-

Amounts advanced

183,334

(49,522

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

133,812

(49,522

)

10.	RELATED PARTY DISCLOSURES

The director operates a loan account with the company which is repayable on demand. Interest at 2.25% has been charged on the loan. The loan has been repaid since the year end. Transactions can be found in the table above.