1 April 2023 false No description of principal activity Taxfiler 2024.6 SC526261business:PrivateLimitedCompanyLtd2023-04-012024-03-31 SC5262612023-03-31 SC5262612023-04-012024-03-31 SC526261business:AuditExemptWithAccountantsReport2023-04-012024-03-31 SC526261business:FilletedAccounts2023-04-012024-03-31 SC5262612024-03-31 SC526261business:Director12023-04-012024-03-31 SC526261business:Director22023-04-012024-03-31 SC526261business:Director32023-04-012024-03-31 SC526261business:RegisteredOffice2023-04-012024-03-31 SC5262612023-03-31 SC526261core:WithinOneYear2024-03-31 SC526261core:WithinOneYear2023-03-31 SC526261core:AfterOneYear2024-03-31 SC526261core:AfterOneYear2023-03-31 SC526261core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 SC526261core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC526261core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 SC526261core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC526261core:PreviouslyStatedAmount2024-03-31 SC526261core:PreviouslyStatedAmount2023-03-31 SC526261business:SmallEntities2023-04-012024-03-31 SC526261countries:Scotland2023-04-012024-03-31 SC526261core:ComputerEquipment2023-04-012024-03-31 SC526261core:PlantMachinery2023-03-31 SC526261core:ComputerEquipment2023-03-31 SC526261core:PlantMachinery2024-03-31 SC526261core:ComputerEquipment2024-03-31 SC526261core:PlantMachinery2023-04-012024-03-31 SC526261business:OrdinaryShareClass12023-04-012024-03-31 SC526261business:OrdinaryShareClass12022-04-012023-03-31 SC526261business:OrdinaryShareClass22023-04-012024-03-31 SC526261business:OrdinaryShareClass22022-04-012023-03-31 SC526261business:OrdinaryShareClass32023-04-012024-03-31 SC526261business:OrdinaryShareClass32022-04-012023-03-31 SC526261business:OrdinaryShareClass42023-04-012024-03-31 SC526261business:OrdinaryShareClass42022-04-012023-03-31 SC526261business:OrdinaryShareClass52023-04-012024-03-31 SC526261business:OrdinaryShareClass52022-04-012023-03-31 SC526261business:AllOrdinaryShares2023-04-012024-03-31 SC526261business:AllOrdinaryShares2022-04-012023-03-31 SC5262612022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
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
Page
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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
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Stem Recruitment Solutions Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
307 
Current assets
Debtors
89,830 
80,557 
Cash at bank and in hand
115,762 
201,818 
205,592 
282,375 
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)
- 
Net assets
87,929 
113,907 
Capital and reserves
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
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Stem Recruitment Solutions Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
33%
Deferred taxation
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.
Pension costs
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.
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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 
Depreciation
At 1 April 2023
1,253 
425 
1,678 
Charge for the year
- 
307 
307 
At 31 March 2024
1,253 
732 
1,985 
Net book value
At 31 March 2024
- 
- 
- 
At 31 March 2023
- 
307 
307 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
77,638 
73,973 
Other debtors
5,584 
6,584 
83,222 
80,557 
Amounts falling due after more than one year
Other debtors
6,608 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
66,460 
104,498 
Trade creditors
48,009 
17,155 
Taxes and social security
11,605 
38,840 
Other creditors
(8,487)
8,282 
117,587 
168,775 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Taxes and social security
76 
- 
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Stem Recruitment Solutions Ltd Notes to the Accounts for the year ended 31 March 2024
8
Share capital
2024 
2023 
£ 
£ 
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 
100 
100 
9
Average number of employees
During the year the average number of employees was 11 (2023: 12).
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