STEMLY LTD

Company Registration Number:
SC722808 (Scotland)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 10 February 2022

End date: 28 February 2023

STEMLY LTD

Contents of the Financial Statements

for the Period Ended 28 February 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes

STEMLY LTD

Directors' report period ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Principal activities of the company

Educational Services.



Directors

The director shown below has held office during the whole of the period from
10 February 2022 to 28 February 2023

Selu Mdlalose


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
23 April 2024

And signed on behalf of the board by:
Name: Selu Mdlalose
Status: Director

STEMLY LTD

Balance sheet

As at 28 February 2023

Notes 13 months to 28 February 2023


£
Fixed assets
Tangible assets: 3 2,394
Total fixed assets: 2,394
Current assets
Debtors: 4 453
Cash at bank and in hand: 11,281
Total current assets: 11,734
Creditors: amounts falling due within one year: 5 ( 15,821 )
Net current assets (liabilities): (4,087)
Total assets less current liabilities: (1,693)
Total net assets (liabilities): (1,693)
Capital and reserves
Called up share capital: 4
Profit and loss account: (1,697 )
Total Shareholders' funds: ( 1,693 )

The notes form part of these financial statements

STEMLY LTD

Balance sheet statements

For the year ending 28 February 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 23 April 2024
and signed on behalf of the board by:

Name: Selu Mdlalose
Status: Director

The notes form part of these financial statements

STEMLY LTD

Notes to the Financial Statements

for the Period Ended 28 February 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

    Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied.

    Tangible fixed assets depreciation policy

    Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent impairment losses.

    Other accounting policies

    Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.Corporation TaxThe taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Going concernAt the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.Financial InstrumentsThe company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

STEMLY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    13 months to 28 February 2023
    Average number of employees during the period 1

STEMLY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 2,816 2,816
Disposals
Revaluations
Transfers
At 28 February 2023 2,816 2,816
Depreciation
Charge for year 422 422
On disposals
Other adjustments
At 28 February 2023 422 422
Net book value
At 28 February 2023 2,394 2,394

STEMLY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Debtors

13 months to 28 February 2023
£
Other debtors 453
Total 453

STEMLY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Creditors: amounts falling due within one year note

13 months to 28 February 2023
£
Accruals and deferred income 360
Other creditors 15,461
Total 15,821