A folding ladder with a pair of parallel front support members having a plurality of sequentially positioned grooves, a plurality of front aligned fastener holes aligned with a plurality of back fastener holes, a pair of non-parallel back support members, wherein the back support member inside forms a flush engagement with the front support member outer side; a plurality of pivot means disposed centrally through each back top end and extending from each back top end to an off center position in each front support top end, a plurality of pivoting non-removable rungs, a pair of locking spreader bars, a pair of pivotable cross braces and a plurality of recessed magnets for supporting the pivoting cross braces and for allowing portions of the folding ladder to compactly and securely engage each other.