1St Step Management Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05389207 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

1St Step Management Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Knight

SECRETARY:

A Knight

REGISTERED OFFICE:

Unit 21

1 - 2 Davy Road

Clacton-On-Sea

Essex

CO15 4XD

REGISTERED NUMBER:

05389207 (England and Wales)

ACCOUNTANTS:

Price Green & Co

Lynnem House

1 Victoria Way

Burgess Hill

West Sussex

RH15 9NF

FIXED ASSETS

Tangible assets

4

1,265

519

CURRENT ASSETS

Debtors

5

15,275

22,963

Cash at bank

16,088

12,471

31,363

35,434

CREDITORS

Amounts falling due within one year

6

30,954

31,189

NET CURRENT ASSETS

409

4,245

TOTAL ASSETS LESS CURRENT LIABILITIES

1,674

4,764

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,672

4,762

SHAREHOLDERS' FUNDS

1,674

4,764

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 26 March 2021 and were signed by:

A Knight - Director

1.	STATUTORY INFORMATION

1St Step Management Services 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.

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.

Plant and machinery etc

-

33% on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 3 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

17,760

Additions

1,508

Disposals

(1,253

)

At 31 March 2020

18,015

DEPRECIATION

At 1 April 2019

17,241

Charge for year

762

Eliminated on disposal

(1,253

)

At 31 March 2020

16,750

NET BOOK VALUE

At 31 March 2020

1,265

At 31 March 2019

519

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

13,369

21,067

Other debtors

1,906

1,896

15,275

22,963

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

5,703

3,583

Taxation and social security

11,693

20,289

Other creditors

13,558

7,317

30,954

31,189

7.	ULTIMATE CONTROLLING PARTY

During the current and previous years the company was under the control of the director.