REGISTERED NUMBER: 04039956 (England and Wales)

Financial Statements for the Year Ended 30 September 2025

for

Stepfirst Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs E Carvetta

SECRETARY:

V F Carvetta

REGISTERED OFFICE:

31 Walker Avenue

Wolverton Mill East

Milton Keynes

Buckinghamshire

MK12 5TW

REGISTERED NUMBER:

04039956 (England and Wales)

ACCOUNTANTS:

Carrington-May

Chartered Certified Accountants

31 Walker Avenue

Wolverton Mill East

Milton Keynes

Buckinghamshire

MK12 5TW

FIXED ASSETS

Tangible assets

4

30,404

36,949

CURRENT ASSETS

Stocks

18,236

19,490

Debtors

26,344

4,007

Cash at bank and in hand

27,297

16,814

71,877

40,311

CREDITORS

Amounts falling due within one year

50,213

40,187

NET CURRENT ASSETS

21,664

124

TOTAL ASSETS LESS CURRENT LIABILITIES

52,068

37,073

CREDITORS

Amounts falling due after more than one year

-

(11,057

)

PROVISIONS FOR LIABILITIES

(3,599

)

(4,717

)

NET ASSETS

48,469

21,299

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

48,369

21,199

SHAREHOLDERS' FUNDS

48,469

21,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30 September 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 June 2026 and were signed by:

Mrs E Carvetta - Director

1.	STATUTORY INFORMATION

Stepfirst 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.

The directors have considered the future trading activity of the company. The company is continuing to trade profitably . The cash flow position is being maintained on a consistent basis . The directors consider that the going concern basis of preparation to be appropriate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

5% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 October 2024

32,500

11,691

57,207

12,235

113,633

Additions

-

-

-

418

418

At 30 September 2025

32,500

11,691

57,207

12,653

114,051

DEPRECIATION

At 1 October 2024

20,781

10,872

33,747

11,284

76,684

Charge for year

586

205

5,865

307

6,963

At 30 September 2025

21,367

11,077

39,612

11,591

83,647

NET BOOK VALUE

At 30 September 2025

11,133

614

17,595

1,062

30,404

At 30 September 2024

11,719

819

23,460

951

36,949

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2025 and 30 September 2024:

2025

2024

£

£

Mrs E Carvetta

Balance outstanding at start of year

-

-

Amounts advanced

22,395

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

22,395

-

At the balance sheet date the sum of £22,395 was owed by the director. (2024 - £134 owed to the director). £22,395 was the maximum amount outstanding during the year . Interest has been paid on the sum outstanding.The sum has been fully repaid post year end.

During the year the company has paid rent amounting to £14,004 (2024 - £14,004) to Mrs E Carvetta . These transactions are on a commercial , arms length basis .