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Company Registration No. 12874930 (England and Wales)
Steplab Ltd Unaudited accounts for the year ended 31 August 2025
Steplab Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Steplab Ltd Company Information for the year ended 31 August 2025
Directors
Ben Abelman Joshua Goodrich
Company Number
12874930 (England and Wales)
Registered Office
Uncommon Highbury 25 Horsell Road London London N5 1XL England
Accountants
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
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Steplab Ltd Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
14,662
16,495
Tangible assets
5
25,962
26,844
40,624
43,339
Current assets
Debtors
6
1,656,646
1,217,516
Cash at bank and in hand
3,168,864
1,833,446
4,825,510
3,050,962
Creditors: amounts falling due within one year
7
(3,819,188)
(2,294,821)
Net current assets
1,006,322
756,141
Net assets
1,046,946
799,480
Capital and reserves
Called up share capital
8
139
139
Share premium
6,422
6,422
Profit and loss account
1,040,385
792,919
Shareholders' funds
1,046,946
799,480
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 18 May 2026 and were signed on its behalf by
Joshua Goodrich Director Company Registration No. 12874930
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Steplab Ltd Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
Steplab Ltd is a private company, limited by shares, registered in England and Wales, registration number 12874930. The registered office is Uncommon Highbury, 25 Horsell Road, London, London, N5 1XL, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is stated net of VAT. Subscription revenue is recognised on a straight-line basis over the subscription period. Other revenue is recognised as services and events are delivered.
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:
Plant & machinery
10% Straight Line
Fixtures & fittings
33% Straight Line
Computer equipment
33% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation charge over the useful economic life of 10 years.
4
Intangible fixed assets
Other
£
Cost
At 1 September 2024
18,328
At 31 August 2025
18,328
Amortisation
At 1 September 2024
1,833
Charge for the year
1,833
At 31 August 2025
3,666
Net book value
At 31 August 2025
14,662
At 31 August 2024
16,495
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Steplab Ltd Notes to the Accounts for the year ended 31 August 2025
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 September 2024
2,468
3,362
42,290
48,120
Additions
542
-
13,351
13,893
At 31 August 2025
3,010
3,362
55,641
62,013
Depreciation
At 1 September 2024
1,522
2,354
17,400
21,276
Charge for the year
530
622
13,623
14,775
At 31 August 2025
2,052
2,976
31,023
36,051
Net book value
At 31 August 2025
958
386
24,618
25,962
At 31 August 2024
946
1,008
24,890
26,844
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
1,403,058
955,072
Accrued income and prepayments
192,220
248,721
Other debtors
61,368
13,723
1,656,646
1,217,516
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
277,148
188,995
Trade creditors
22,837
22,800
Taxes and social security
378,612
354,297
Other creditors
77,311
22,400
Accruals
110,536
71,084
Deferred income
2,952,744
1,635,245
3,819,188
2,294,821
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
13,878 Ordinary shares of £0.01 each
138.78
138.78
9
Post balance sheet events
On 22nd April 2026 the entire issued share capital of the company was acquired by Michigan Bidco Limited. This is a non adjusting post balance sheet event.
10
Average number of employees
During the year the average number of employees was 23 (2024: 15).
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