Step Forward In Business Limited
|
Registered number |
Balance Sheet |
09434154
|
as at 31 March 2019
|
|
|
Notes |
|
|
2019 |
|
|
2018 |
£ |
£ |
Fixed assets |
Intangible assets |
2 |
|
|
2,250 |
|
|
3,750 |
Tangible assets |
3 |
|
|
6,736 |
|
|
8,981 |
|
|
|
|
8,986 |
|
|
12,731 |
|
Current assets |
Cash at bank and in hand |
|
|
416 |
|
|
1,027 |
|
Creditors: amounts falling due within one year |
4 |
|
(8,553) |
|
|
(11,430) |
|
Net current liabilities |
|
|
|
(8,137) |
|
|
(10,403) |
|
Total assets less current liabilities |
|
|
|
849 |
|
|
2,328 |
|
Deferred taxation |
|
|
|
(1,300) |
|
|
(1,700) |
|
Net (liabilities)/assets |
|
|
|
(451) |
|
|
628 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
1 |
|
|
1 |
Profit and loss account |
|
|
|
(452) |
|
|
627 |
|
Shareholders' funds |
|
|
|
(451) |
|
|
628 |
|
|
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
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|
|
|
|
D Wadey |
Director |
Approved by the board on 19 June 2020
|
|
Step Forward In Business Limited
|
Notes to the Accounts |
for the year ended 31 March 2019
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, as applied to small entities by section 1A of the standard.
|
|
|
Going concern basis |
|
The accounts have been prepared on the going concern basis. The director believes this basis to be appropriate since, although the company had a small deficit on the balance sheet at 31 March 2019, it is assumed that the company's director and creditors will continue to provide such financial support to the company as is necessary for it to continue operating.
|
|
|
Turnover |
|
Turnover represents amounts receivable for goods and services supplied.
|
|
|
Goodwill and amortisation |
|
Purchased goodwill has been capitalised and is being amortised over its estimated useful life at the rate of 20% p.a.
|
|
|
Tangible fixed assets and depreciation |
|
Tangible fixed assets are measured at cost less accumulated depreciation. Depreciation has been provided at the following rate in order to write off the assets over their expected useful life:
|
|
|
Equipment - |
25% p.a. on the reducing balance basis |
|
|
Deferred taxation |
|
Full provision is made, on an undiscounted basis, for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes.
|
|
|
|
2 |
Intangible fixed assets |
Goodwill |
£ |
|
Cost |
|
At 1 April 2018 |
7,500 |
|
At 31 March 2019 |
7,500 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2018 |
3,750 |
|
Provided during the year |
1,500 |
|
At 31 March 2019 |
5,250 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2019 |
2,250 |
|
At 31 March 2018 |
3,750 |
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
Equipment |
£ |
|
Cost |
|
At 1 April 2018 |
12,495 |
|
At 31 March 2019 |
12,495 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2018 |
3,514 |
|
Charge for the year |
2,245 |
|
At 31 March 2019 |
5,759 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2019 |
6,736 |
|
At 31 March 2018 |
8,981 |
|
|
|
4 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
£ |
£ |
|
|
Corporation tax |
4,166 |
|
3,634 |
|
Other creditors |
4,387 |
|
7,796 |
|
|
|
|
|
|
8,553 |
|
11,430 |
|
|
|
|
|
|
|
|
|
|
|
5 |
Employees |
2019 |
|
2018 |
Number |
Number |
|
|
Average number of employees |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
|
6 |
Controlling party |
|
|
At 31 March 2019 the company was controlled by D Wadey, who owned the company's entire issued share capital.
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|
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|
7 |
Other information |
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Step Forward In Business Limited is a private company limited by shares and incorporated in England. Its registered office is 1 Britten Close, Langdon Hills, Basildon, Essex SS16 6TB. |