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REGISTERED NUMBER: 10026689 (England and Wales)












Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Stemar Group Ltd

Stemar Group Ltd (Registered number: 10026689)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stemar Group Ltd

Company Information
for the year ended 29 February 2024







DIRECTORS: Mr S W Dixon
Ms M Tappenden





REGISTERED OFFICE: Top Floor
Claridon House
London Road
Stanford Le Hope
Essex
SS17 0JU





REGISTERED NUMBER: 10026689 (England and Wales)





ACCOUNTANTS: Vortex Accountants Limited
Top Floor
Claridon House
London Road
Stanford Le Hope
Essex
SS17 0JU

Stemar Group Ltd (Registered number: 10026689)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,807 76,807

CURRENT ASSETS
Stocks 5 - 550,000
Debtors 6 550,733 550,733
550,733 1,100,733
CREDITORS
Amounts falling due within one year 7 3,576,034 3,576,034
NET CURRENT LIABILITIES (3,025,301 ) (2,475,301 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,948,494

)

(2,398,494

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (2,948,594 ) (2,398,594 )
SHAREHOLDERS' FUNDS (2,948,494 ) (2,398,494 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Stemar Group Ltd (Registered number: 10026689)

Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:




Mr S W Dixon - Director



Ms M Tappenden - Director


Stemar Group Ltd (Registered number: 10026689)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Stemar Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Stemar Group Ltd (Registered number: 10026689)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2023
and 29 February 2024 63,976 25,617 82,094 171,687
DEPRECIATION
At 1 March 2023
and 29 February 2024 43,848 15,117 35,915 94,880
NET BOOK VALUE
At 29 February 2024 20,128 10,500 46,179 76,807
At 28 February 2023 20,128 10,500 46,179 76,807

5. STOCKS
2024 2023
£    £   
Trading Property - 550,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 541,908 541,908
VAT 8,825 8,825
550,733 550,733

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 46,937 46,937
Hire purchase contracts 24,869 24,869
Trade creditors 1,321,338 1,321,337
Social security and other taxes 3,270 3,270
Other creditors 600,545 600,545
Directors' current accounts 1,577,875 1,577,876
Accrued expenses 1,200 1,200
3,576,034 3,576,034

Stemar Group Ltd (Registered number: 10026689)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 44,167 44,167

The mortgages are secured by fixed and floating charges over trading properties of the company with a book value of £550,000.