Step Three Construction Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08813268 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2020 TO 30 SEPTEMBER 2021

FOR

STEP THREE CONSTRUCTION LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

C J H Rivers

S P Cowen

REGISTERED OFFICE:

Chequers Barn

Chequers Hill

Bough Beech

EDENBRIDGE

Kent

TN8 7PD

REGISTERED NUMBER:

08813268 (England and Wales)

ACCOUNTANTS:

Wells Associates

10 Lonsdale Gardens

Tunbridge Wells

Kent

TN1 1NU

FIXED ASSETS

Tangible assets

4

11,137

8,029

CURRENT ASSETS

Stocks

187,558

266,798

Debtors

5

357,212

208,584

Cash at bank and in hand

112,296

168

657,066

475,550

CREDITORS

Amounts falling due within one year

6

496,181

238,104

NET CURRENT ASSETS

160,885

237,446

TOTAL ASSETS LESS CURRENT LIABILITIES

172,022

245,475

CREDITORS

Amounts falling due after more than one year

7

(157,592

)

(241,674

)

PROVISIONS FOR LIABILITIES

(2,116

)

(1,525

)

NET ASSETS

12,314

2,276

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

12,214

2,176

SHAREHOLDERS' FUNDS

12,314

2,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 24 March 2022 and were signed on its behalf by:

C J H Rivers - Director

1.	STATUTORY INFORMATION

Step Three Construction 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

-

25% on reducing balance

Computer equipment

-

33.33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2020 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2020

16,782

1,569

18,351

Additions

8,637

1,716

10,353

At 30 September 2021

25,419

3,285

28,704

DEPRECIATION

At 1 April 2020

9,016

1,306

10,322

Charge for period

6,151

1,094

7,245

At 30 September 2021

15,167

2,400

17,567

NET BOOK VALUE

At 30 September 2021

10,252

885

11,137

At 31 March 2020

7,766

263

8,029

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

139,371

(546

)

Other debtors

217,841

209,130

357,212

208,584

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

88,128

58,655

Trade creditors

249,218

172,475

Taxation and social security

122,358

46,236

Other creditors

36,477

(39,262

)

496,181

238,104

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

157,592

241,674

8.	RELATED PARTY DISCLOSURES

For the year under review the company was controlled by the director, Mr C Rivers.

As at 30 September 2021, the company owed £27,396 (2020 - £28,153) to ROI Projects LLP, an LLP controlled by Mr C Rivers and Mr D Rivers.

As at 30 September 2021, the company was owed £182,386 (2020 - £175,504) by Amber Creative Ltd, a company directed by Mr C Rivers.

As at 30 September 2021, the company was owed £21,176 (2020 - £21,176) by Amber Creative (GFL) Limited, a company directed by Mr C Rivers.