IN EASY STEPS LIMITED

IN EASY STEPS LIMITED

IN EASY STEPS LIMITED - Company Information

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IN EASY STEPS LIMITED

Company Registration Number:
04619260 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2019

Period of accounts

Start date: 01 April 2018

End date: 31 March 2019

IN EASY STEPS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2019

Balance sheet
Notes

IN EASY STEPS LIMITED

Balance sheet

As at 31 March 2019


Notes
2019
2018


£
£
Fixed assets
Intangible assets: 3 1,895,334 2,105,926
Tangible assets: 4 5,464 6,785
Total fixed assets: 1,900,798 2,112,711
Current assets
Stocks: 258,836 317,339
Debtors:   269,532 232,590
Cash at bank and in hand: 194,664 87,239
Total current assets: 723,032 637,168
Creditors: amounts falling due within one year:   (484,290) (544,172)
Net current assets (liabilities): 238,742 92,996
Total assets less current liabilities: 2,139,540 2,205,707
Creditors: amounts falling due after more than one year: 5 (1,124,494) (1,253,367)
Total net assets (liabilities): 1,015,046 952,340
Capital and reserves
Called up share capital: 1,000 1,000
Revaluation reserve:68,4498,449
Profit and loss account: 1,005,597 942,891
Shareholders funds: 1,015,046 952,340

The notes form part of these financial statements

IN EASY STEPS LIMITED

Balance sheet statements

For the year ending 31 March 2019 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 November 2019
and signed on behalf of the board by:

Name: S Kotecha
Status: Director

The notes form part of these financial statements

IN EASY STEPS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at fair value of the consideration received or receivable.Turnover is reduced for estimated customer returns,rebates and similarallowances.Specifically,revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation and accumulated impairment losses.Depreciation is provided at rates calculated to write off the cost of fixed assets,less their fair estimated residual value,over their expected useful lives on the following basis:Office Equipment and Fixtures 25% Reducing Balance.

Intangible fixed assets and amortisation policy

Intangible fixed assets are stated at cost less amortisation.Amortisation is provided at rates calculated to write off the cost of the fixed assets over its expected useful life on the following basis:Purchased Goodwill 5% Straight Line.

Valuation and information policy

Stocks and work in progress are valued at the lower of cost or net realisable value after making due allowance for obsolete or slow moving stocks.Costs include all direct costs.

Other accounting policies

Foreign Currencies.Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.Exchange rate differences are taken into account in arriving at the operating profits.

IN EASY STEPS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

2. Employees

2019 2018
Average number of employees during the period 2 2

IN EASY STEPS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

3. Intangible Assets

Total
Cost £
At 01 April 2018 4,211,846
At 31 March 2019 4,211,846
Amortisation
At 01 April 2018 2,105,920
Charge for year 210,592
At 31 March 2019 2,316,512
Net book value
At 31 March 2019 1,895,334
At 31 March 2018 2,105,926

IN EASY STEPS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

4. Tangible Assets

Total
Cost £
At 01 April 2018 35,184
Additions 500
At 31 March 2019 35,684
Depreciation
At 01 April 2018 28,399
Charge for year 1,821
At 31 March 2019 30,220
Net book value
At 31 March 2019 5,464
At 31 March 2018 6,785

IN EASY STEPS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

5. Creditors: amounts falling due after more than one year note

Directors Loan Account outstanding £1,124,494.

IN EASY STEPS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

6. Revaluation reserve

2019
£
Balance at 01 April 2018 8,449
Surplus or deficit after revaluation 0
Balance at 31 March 2019 8,449