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REGISTERED NUMBER: 11584953 (England and Wales)















Stem Connect Ltd

Unaudited Financial Statements

for the period

1 October 2023 to 30 April 2024






Stem Connect Ltd (Registered number: 11584953)

Contents of the Financial Statements
for the period 1 October 2023 to 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Stem Connect Ltd

Company Information
for the period 1 October 2023 to 30 April 2024







Director: M Van Dyk





Registered office: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





Registered number: 11584953 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Stem Connect Ltd (Registered number: 11584953)

Balance Sheet
30 April 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 810 2,145
Investments 5 70 70
880 2,215

Current assets
Debtors 6 52,701 53,870
Cash at bank 13,345 14,687
66,046 68,557
Creditors
Amounts falling due within one year 7 55,309 65,332
Net current assets 10,737 3,225
Total assets less current liabilities 11,617 5,440

Capital and reserves
Called up share capital 8 10,000 10,000
Retained earnings 9 1,617 (4,560 )
Shareholders' funds 11,617 5,440

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 20 January 2025 and were signed by:





M Van Dyk - Director


Stem Connect Ltd (Registered number: 11584953)

Notes to the Financial Statements
for the period 1 October 2023 to 30 April 2024


1. Statutory information

Stem Connect 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.

Turnover represents amounts receivable for services provided in the year and is stated net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The director has indicated that he will continue to provide financial support for the foreseeable future. Therefore the financial statements have been prepared on a going concern basis and they do not include any adjustments which may be necessary should the going concern basis of accounting no longer be appropriate..

3. Employees and directors

The average number of employees during the period was 1 (2023 - 2 ) .

Stem Connect Ltd (Registered number: 11584953)

Notes to the Financial Statements - continued
for the period 1 October 2023 to 30 April 2024


4. Tangible fixed assets
Computer
equipment
£
Cost
At 1 October 2023
and 30 April 2024 16,695
Depreciation
At 1 October 2023 14,550
Charge for period 1,335
At 30 April 2024 15,885
Net book value
At 30 April 2024 810
At 30 September 2023 2,145

5. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 October 2023
and 30 April 2024 70
Net book value
At 30 April 2024 70
At 30 September 2023 70

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 28,683 43,015
Amounts owed by group undertakings 12,028 9,051
Other debtors 11,990 1,804
52,701 53,870

7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 238 22,498
Taxation and social security 13,558 4,306
Other creditors 41,513 38,528
55,309 65,332

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £100 10,000 10,000

Stem Connect Ltd (Registered number: 11584953)

Notes to the Financial Statements - continued
for the period 1 October 2023 to 30 April 2024


9. Reserves
Retained
earnings
£

At 1 October 2023 (4,560 )
Profit for the period 6,177
At 30 April 2024 1,617

10. Related party disclosures

Included within other creditors is £38,669 (2023: £35,480 creditor) owed by/to the director.