Silverfin false false 30/09/2024 01/10/2023 30/09/2024 K L Atkins 09/07/2020 I Kilpatrick 09/07/2020 27 March 2025 The principal activity of the company during the year was educational support activities. 12730374 2024-09-30 12730374 bus:Director1 2024-09-30 12730374 bus:Director2 2024-09-30 12730374 2023-09-30 12730374 core:CurrentFinancialInstruments 2024-09-30 12730374 core:CurrentFinancialInstruments 2023-09-30 12730374 core:Non-currentFinancialInstruments 2024-09-30 12730374 core:Non-currentFinancialInstruments 2023-09-30 12730374 core:RetainedEarningsAccumulatedLosses 2024-09-30 12730374 core:RetainedEarningsAccumulatedLosses 2023-09-30 12730374 2023-10-01 2024-09-30 12730374 bus:FilletedAccounts 2023-10-01 2024-09-30 12730374 bus:SmallEntities 2023-10-01 2024-09-30 12730374 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12730374 bus:CompanyLimitedByGuarantee 2023-10-01 2024-09-30 12730374 bus:Director1 2023-10-01 2024-09-30 12730374 bus:Director2 2023-10-01 2024-09-30 12730374 2022-10-01 2023-09-30 12730374 core:Non-currentFinancialInstruments 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Company No: 12730374 (England and Wales)

STEM GENERATIONS LTD

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

STEM GENERATIONS LTD

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

STEM GENERATIONS LTD

BALANCE SHEET

As at 30 September 2024
STEM GENERATIONS LTD

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Current assets
Stocks 3 22,944 22,944
Debtors 4 1,207 0
Cash at bank and in hand 493 16,677
24,644 39,621
Creditors: amounts falling due within one year 5 ( 1,691) ( 1,450)
Net current assets 22,953 38,171
Total assets less current liabilities 22,953 38,171
Creditors: amounts falling due after more than one year 6 ( 92,816) ( 95,728)
Net liabilities ( 69,863) ( 57,557)
Reserves
Profit and loss account ( 69,863 ) ( 57,557 )
Total reserves ( 69,863) ( 57,557)

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of STEM Generations Ltd (registered number: 12730374) were approved and authorised for issue by the Board of Directors on 27 March 2025. They were signed on its behalf by:

I Kilpatrick
Director
STEM GENERATIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
STEM GENERATIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

STEM Generations Ltd (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2 - 8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Stocks

2024 2023
£ £
Stocks 22,944 22,944

4. Debtors

2024 2023
£ £
Other debtors 1,207 0

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 690 0
Other taxation and social security 0 471
Other creditors 1,001 979
1,691 1,450

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 92,816 95,728

There are no amounts included above in respect of which any security has been given by the small entity.