Step Forward (Nottingham) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03822686

Step Forward (Nottingham) Limited

Filleted Unaudited Abridged Financial Statements

31 March 2025

Step Forward (Nottingham) Limited

Abridged Financial Statements

Year Ended 31 March 2025

Contents	Page

Abridged statement of financial position	1

Notes to the abridged financial statements	3

Step Forward (Nottingham) Limited

Abridged Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed Assets

Tangible assets	6		784,953	812,071

Current Assets

Debtors	2,179,828	1,768,636
Cash at bank and in hand	814,104	817,605
	------------	------------
	2,993,932	2,586,241

Creditors: amounts falling due within one year	355,697		264,871
	------------		------------
Net Current Assets		2,638,235	2,321,370
		------------	------------
Total Assets Less Current Liabilities		3,423,188	3,133,441

Provisions	32,776	33,112
	------------	------------
Net Assets	3,390,412	3,100,329
	------------	------------

Capital and Reserves

Called up share capital	7	100	100
Profit and loss account		3,390,312	3,100,229
		------------	------------
Shareholders Funds		3,390,412	3,100,329
		------------	------------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

Step Forward (Nottingham) Limited

Abridged Statement of Financial Position (continued)

31 March 2025

These abridged financial statements were approved by the board of directors and authorised for issue on 29 October 2025 , and are signed on behalf of the board by:

Mr V Buldawoo

Director

Company registration number: 03822686

Step Forward (Nottingham) Limited

Notes to the Abridged Financial Statements

Year Ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Springwell Barn, 43 Barnwell Lane, Cromford, Matlock, DE4 3QY.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services provided in the normal course of business.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	20% reducing balance
Motor vehicles	-	25% reducing balance

	Property improvements	-	4% reducing balance

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 55 (2024: 52 ).

5. Intangible assets

	£
Cost
At 1 April 2024 and 31 March 2025	205,000
	---------
Amortisation
At 1 April 2024 and 31 March 2025	205,000
	---------
Carrying amount
At 31 March 2025	–
	---------
At 31 March 2024	–
	---------

6. Tangible assets

	£
Cost
At 1 April 2024	1,304,359
Additions	2,319
	------------
At 31 March 2025	1,306,678
	------------
Depreciation
At 1 April 2024	492,288
Charge for the year	29,437
	------------
At 31 March 2025	521,725
	------------
Carrying amount
At 31 March 2025	784,953
	------------
At 31 March 2024	812,071
	------------

7. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

8. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	4,300	1,329
Later than 1 year and not later than 5 years	7,884	–
	--------	-------
	12,184	1,329
	--------	-------

9. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr V Buldawoo	( 2,000)	324,000	( 22,000)	300,000
	-------	---------	--------	---------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr V Buldawoo	( 33,131)	31,131	–	( 2,000)
	--------	--------	----	-------

10. Related party transactions

The company has taken advantage of exemption conferred by FRS 102 S33.1A, removing the requirement to disclose transactions between group members. During the period the company provided and received short term loans from related parties. The balance outstanding due to and from related parties at the period end are as follows:

	2025	2024
	£	£
Amounts owed from entities holding a controlling interest	1,749,462	1,749,462
Amounts owed to owners holding a participating interest	–	(2,000)
Amounts owed from owners holding a participating interest	300,000

Outstanding balances with entities are unsecured, interest free and repayable on demand.

11. Controlling party

The company is a wholly owned subsidiary of Belle Care Services Limited, a company incorporated and registered in England and Wales. The registered office address is 43 Barnwell Lane, Cromford, Matlock, DE4 3QY and copy accounts can be found at Companies House.