Company Registration No. SC526261 (Scotland)
Stem Recruitment Solutions Ltd
Unaudited accounts
for the year ended 31 March 2024
Stem Recruitment Solutions Ltd
Unaudited accounts
Contents
Stem Recruitment Solutions Ltd
Company Information
for the year ended 31 March 2024
Directors
Gavin Gallimore
Darren Orr
Alex Patterson
Company Number
SC526261 (Scotland)
Registered Office
A1 AVONDALE HOUSE, PHOENIX CRESCENT
STRATHCLYDE BUSINESS PARK
BELLSHILL
ML4 3NJ
SCOTLAND
Accountants
FP Business Services Ltd
Atrium Business Centre
North Caldeen Road
Coatbridge
ML5 4EF
Stem Recruitment Solutions Ltd
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
115,762
201,818
Creditors: amounts falling due within one year
(117,587)
(168,775)
Net current assets
88,005
113,600
Total assets less current liabilities
88,005
113,907
Creditors: amounts falling due after more than one year
(76)
-
Called up share capital
100
100
Profit and loss account
87,829
113,807
Shareholders' funds
87,929
113,907
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by
Gavin Gallimore
Director
Company Registration No. SC526261
Stem Recruitment Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2024
Stem Recruitment Solutions Ltd is a private company, limited by shares, registered in Scotland, registration number SC526261. The registered office is A1 AVONDALE HOUSE, PHOENIX CRESCENT, STRATHCLYDE BUSINESS PARK, BELLSHILL, ML4 3NJ, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Stem Recruitment Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
1,253
732
1,985
At 31 March 2024
1,253
732
1,985
At 1 April 2023
1,253
425
1,678
Charge for the year
-
307
307
At 31 March 2024
1,253
732
1,985
At 31 March 2023
-
307
307
Amounts falling due within one year
Trade debtors
77,638
73,973
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
48,009
17,155
Taxes and social security
11,605
38,840
Other creditors
(8,487)
8,282
7
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
76
-
Stem Recruitment Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2024
Allotted, called up and fully paid:
18 Gavin Gallimore of £1 each
18
18
17 Alex Patterson of £1 each
17
17
17 Darren Orr of £1 each
17
17
16 June Orr of £1 each
16
16
16 Jonathan Patterson of £1 each
16
16
16 Helen Porter of £1 each
16
16
9
Average number of employees
During the year the average number of employees was 11 (2023: 12).