Company Registration No. SC654071 (Scotland)
Step And Stone Health Ltd
Unaudited accounts
for the year ended 31 March 2025
Step And Stone Health Ltd
Unaudited accounts
Contents
Step And Stone Health Ltd
Company Information
for the year ended 31 March 2025
Company Number
SC654071 (Scotland)
Registered Office
Unit 16
Westhill Shopping Centre
Westhill
AB32 6RL
Scotland
Accountants
Hive Accounting
Boscobel
Penshurst Road
Speldhurst
Kent
TN3 0PQ
Step And Stone Health Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
36,850
41,128
Cash at bank and in hand
1,431
353
Creditors: amounts falling due within one year
(77,979)
(44,715)
Net current liabilities
(24,826)
(29,703)
Total assets less current liabilities
12,024
16,425
Creditors: amounts falling due after more than one year
(5,217)
(12,350)
Provisions for liabilities
Deferred tax
(7,319)
(8,175)
Net liabilities
(512)
(4,100)
Called up share capital
1
1
Profit and loss account
(513)
(4,101)
Shareholders' funds
(512)
(4,100)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 December 2025 and were signed on its behalf by
Amy Maclean
Director
Company Registration No. SC654071
Step And Stone Health Ltd
Notes to the Accounts
for the year ended 31 March 2025
Step And Stone Health Ltd is a private company, limited by shares, registered in Scotland, registration number SC654071. The registered office is Unit 16, Westhill Shopping Centre, Westhill, AB32 6RL, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequesntly measured at cost less accumulated depreciation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected useful life, which is 4 years.
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Software - 1 & 2 years straight line
Step And Stone Health Ltd
Notes to the Accounts
for the year ended 31 March 2025
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10 years straight line
Plant & machinery
2 & 4 years straight line
Fixtures & fittings
1 & 2 years straight line
Computer equipment
1 & 2 years straight line
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to release the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Step And Stone Health Ltd
Notes to the Accounts
for the year ended 31 March 2025
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Payments to defined contribution retirement schemes are charged as an expense as the fall due.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which the economic benefits from the leased asset are consumed.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 April 2024
20,000
2,438
22,438
At 31 March 2025
20,000
2,438
22,438
At 1 April 2024
15,000
2,438
17,438
Charge for the year
5,000
-
5,000
At 31 March 2025
20,000
2,438
22,438
At 31 March 2024
5,000
-
5,000
Step And Stone Health Ltd
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2024
3,307
50,467
53,774
At 31 March 2025
4,562
50,467
55,029
At 1 April 2024
2,719
9,927
12,646
Charge for the year
469
5,064
5,533
At 31 March 2025
3,188
14,991
18,179
At 31 March 2025
1,374
35,476
36,850
At 31 March 2024
588
40,540
41,128
Amounts falling due within one year
Accrued income and prepayments
1,024
1,355
Other debtors
48,624
7,000
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
20,768
17,206
Trade creditors
34,957
5,835
Taxes and social security
6,661
2,218
Other creditors
2,655
15,100
8
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
4,550
9,850
Step And Stone Health Ltd
Notes to the Accounts
for the year ended 31 March 2025
9
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
58,240
58,240
Later than one year and not later than five years
29,120
87,360
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to/(from) director
(12,721)
54,345
-
41,624
The loan to the director is included in other debtors and is inclusive of interest charged at the official rate.
11
Average number of employees
During the year the average number of employees was 2 (2024: 3).