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 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

IN EASY STEPS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

IN EASY STEPS LIMITED

Balance sheet

As at 31 March 2023


Notes
2023
2022


£
£
Fixed assets
Intangible assets: 3 1,052,966 1,263,558
Tangible assets: 4 9,877 12,005
Total fixed assets: 1,062,843 1,275,563
Current assets
Stocks: 346,287 235,992
Debtors:   166,069 226,475
Cash at bank and in hand: 43,527 324,884
Total current assets: 555,883 787,351
Creditors: amounts falling due within one year:   (271,368) (521,141)
Net current assets (liabilities): 284,515 266,210
Total assets less current liabilities: 1,347,358 1,541,773
Creditors: amounts falling due after more than one year: 5 (331,408) (551,029)
Total net assets (liabilities): 1,015,950 990,744
Capital and reserves
Called up share capital: 1,000 1,000
Revaluation reserve:68,4498,449
Profit and loss account: 1,006,501 981,295
Shareholders funds: 1,015,950 990,744

The notes form part of these financial statements

IN EASY STEPS LIMITED

Balance sheet statements

For the year ending 31 March 2023 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 23 December 2023
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 2023

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 or similar allowances.Revenue from the sale of goods is recognised when goods are delivered and legal title passed.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation.Depreciation is provided at rates calculated to write off the cost of fixed assets,less their estimated residual value,over their expected useful lives on the following basis:Office Equipment 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 asset 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 impairments,obsolte 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 rates 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 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

IN EASY STEPS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Intangible Assets

Total
Cost £
At 01 April 2022 4,211,846
At 31 March 2023 4,211,846
Amortisation
At 01 April 2022 2,948,288
Charge for year 210,592
At 31 March 2023 3,158,880
Net book value
At 31 March 2023 1,052,966
At 31 March 2022 1,263,558

IN EASY STEPS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible Assets

Total
Cost £
At 01 April 2022 50,186
At 31 March 2023 50,186
Depreciation
At 01 April 2022 38,181
Charge for year 2,128
At 31 March 2023 40,309
Net book value
At 31 March 2023 9,877
At 31 March 2022 12,005

IN EASY STEPS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

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

Bank Loan £21667,Directors loan £309741 outstanding.

IN EASY STEPS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Revaluation reserve

2023
£
Balance at 01 April 2022 8,449
Surplus or deficit after revaluation 0
Balance at 31 March 2023 8,449