STEM MEDIA LIMITED

Company Registration Number:
14237109 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 15 July 2022

End date: 31 July 2023

STEM MEDIA LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

STEM MEDIA LIMITED

Company Information

for the Period Ended 31 July 2023




Director: Bradley Gee
Oliver Simpson
Registered office: 838
Ecclesall Road
Sheffield
England
S11 8TD
Company Registration Number: 14237109 (England and Wales)

STEM MEDIA LIMITED

Directors' Report Period Ended 31 July 2023

The directors present their report with the financial statements of the company for the period ended 31 July 2023

Principal Activities

Renting out Music Studio for customers to use.

Political and charitable donations

None

Company policy on the employment of disabled persons

N/A

Directors

The director(s) shown below were appointed to the company during the period
Bradley Gee
15 July 2022
Oliver Simpson
15 July 2022

This report was approved by the board of directors on 11 April 2024
And Signed On Behalf Of The Board By:

Name: Bradley Gee
Status: Director

Name: Oliver Simpson
Status: Director

STEM MEDIA LIMITED

Profit and Loss Account

for the Period Ended 31 July 2023


Notes
13 months to
31 Jul 2023
£
Turnover 411
Cost of sales ( 4,352 )
Gross Profit or (Loss) ( 3,941 )
Income from coronavirus (COVID-19) business support grants 0
Distribution Costs ( 0 )
Administrative Expenses ( 4,934 )
Other operating income 0
Operating Profit or (Loss) ( 8,875 )
Interest Receivable and Similar Income 0
Interest Payable and Similar Charges ( 0 )
Profit or (Loss) Before Tax ( 8,875 )
Tax on Profit ( 0 )
Profit or (Loss) for Period ( 8,875 )

The notes form part of these financial statements

STEM MEDIA LIMITED

Balance sheet

As at 31 July 2023


Notes
13 months to
31 Jul 2023
£
Fixed assets
Tangible assets: 4 4,000
Total fixed assets: 4,000
Current assets
Cash at bank and in hand: 1,638
Total current assets: 1,638
Net current assets (liabilities): 1,638
Total assets less current liabilities: 5,638
Creditors: amounts falling due after more than one year: 5 ( 10,000 )
Provision for liabilities: ( 1,638 )
Accruals and deferred income: ( 0 )
Total net assets (liabilities): ( 6,000 )

The notes form part of these financial statements

STEM MEDIA LIMITED

Balance sheet continued

As at 31 July 2023


Notes
13 months to
31 Jul 2023
£
Capital and reserves
Called up share capital: 2,875
Profit and loss account: ( 8,875 )
Shareholders funds: ( 6,000 )

For the year ending 31 July 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 11 April 2024
And Signed On Behalf Of The Board By:

Name: Bradley Gee
Status: Director

Name: Oliver Simpson
Status: Director

The notes form part of these financial statements

STEM MEDIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover represents all income taken in by STEM MEDIA LTD that is associated with the operation of its business. All money received from renting out the music studio to customers.

    Tangible fixed assets depreciation policy

    Assets are not expected to have depreciated in the year.

STEM MEDIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    13 months to
    31 Jul 2023
    Average number of employees during the period 2

    Two Directors only - Bradley Gee & Oliver Simpson both Own 50% shares.
    No other employees.

STEM MEDIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 3. Off balance sheet disclosure

    No

STEM MEDIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Tangible assets

Fixtures & fittings Office equipment Total
Cost £ £ £
Additions 3,400 600 4,000
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 July 2023 3,400 600 4,000
Depreciation
Charge for year 0 0 0
On disposals - - -
Other adjustments - - -
At 31 July 2023 0 0 0
Net book value
At 31 July 2023 3,400 600 4,000

Music Equipment and office supplies purchased with Director loan, Music equipment has been used and will no longer be worth original purchase value.

STEM MEDIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

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

13 months to
31 Jul 2023
£
Other creditors 10,000
Total 10,000

STEM MEDIA LTD Owes Directors Bradley Gee & Oliver Simpson £5000 each

STEM MEDIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

6.1. Loans to Directors

Name of director receiving advance or credit: Bradley Gee
Description of the transaction:
Start up costs for the business. Includes renovations to the room and equipment purchasing necessary for the business to begin trading.
Advances or credits made: 5,000
Advances or credits repaid: 0
Balance at 31 July 2023 5,000

Name of director receiving advance or credit: Oliver Simpson
Description of the transaction:
Start up costs for the business. Includes renovations to the room and equipment purchasing necessary for the business to begin trading.
Advances or credits made: 5,000
Advances or credits repaid: 0
Balance at 31 July 2023 5,000

Both Directors loaned Stem Media LTD £5000 each during this period for Start up costs. None has been repaid yet.