First Steps Grimsby Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04689692 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

FIRST STEPS GRIMSBY LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L Dennison

Mrs H Thomas

SECRETARY:

Mrs H Thomas

REGISTERED OFFICE:

The Ice House

Victor Street

Grimsby

N E Lincolnshire

DN32 7QN

REGISTERED NUMBER:

04689692 (England and Wales)

ACCOUNTANTS:

Stevenson & Co

The Old Ambulance Station

Grammar School Road

Brigg

DN20 8AF

FIXED ASSETS

Tangible assets

4

19,929

23,222

CURRENT ASSETS

Debtors

5

4,380

-

Cash at bank

110,398

24,895

114,778

24,895

CREDITORS

Amounts falling due within one year

6

45,492

34,641

NET CURRENT ASSETS/(LIABILITIES)

69,286

(9,746

)

TOTAL ASSETS LESS CURRENT LIABILITIES

89,215

13,476

CREDITORS

Amounts falling due after more than one year

7

(50,000

)

-

PROVISIONS FOR LIABILITIES

8

(3,787

)

(4,412

)

NET ASSETS

35,428

9,064

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

35,328

8,964

SHAREHOLDERS' FUNDS

35,428

9,064

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2021 and were signed on its behalf by:

Mrs H Thomas - Director

1.	STATUTORY INFORMATION

First Steps Grimsby 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

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 16 (2020 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

69,364

Additions

1,463

At 31 March 2021

70,827

DEPRECIATION

At 1 April 2020

46,142

Charge for year

4,756

At 31 March 2021

50,898

NET BOOK VALUE

At 31 March 2021

19,929

At 31 March 2020

23,222

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Other debtors

4,380

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

333

5,299

Tax

17,600

7,749

Social security and other taxes

2,453

(1,282

)

Other creditors

113

51

Directors' current accounts

23,793

21,504

Accrued expenses

1,200

1,320

45,492

34,641

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans more 5 yr by instal

50,000

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

50,000

-

8.	PROVISIONS FOR LIABILITIES

31.3.21

31.3.20

£

£

Deferred tax

3,787

4,412

Deferred

tax

£

Balance at 1 April 2020

4,412

Credit to Statement of Income and Retained Earnings during year

(625

)

Balance at 31 March 2021

3,787

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

31.3.20

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 April 2020

8,964

Profit for the year

72,364

Dividends

(46,000

)

At 31 March 2021

35,328

11.	RELATED PARTY DISCLOSURES

The company is jointly controlled by Mrs L. Dennison and Mrs H. Thomas who each own 50% of the share capital.

The directors' current accounts are repayable on demand.