ACCOUNTS - Final Accounts preparation

Company registration number: 13097893

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 28 FEBRUARY 2026

	STEM ELECTRONICS LIMITED


STEM ELECTRONICS LIMITED

COMPANY INFORMATION

Directors	S K Jacobs
	M Austin


Registered number	13097893


Registered office	48 Standard Way
	Fareham Industrial Park
	Fareham
	Hampshire
	PO16 8XQ


Accountants	Menzies LLP
	Chartered Accountants
	3000a Parkway
	Whiteley
	Hampshire
	PO15 7FX


STEM ELECTRONICS LIMITED REGISTERED NUMBER:13097893

STATEMENT OF FINANCIAL POSITION

AS AT 28 FEBRUARY 2026

		2026		2025
		£		£

Fixed assets
Tangible assets			495		-
			495		-
Current assets
Debtors: amounts falling due within one year	5	100		100
Cash at bank and in hand		5,248		30
		5,348		130
Creditors: amounts falling due within one year	6	(30,414)		(420)
Net current liabilities			(25,066)		(290)
Total assets less current liabilities			(24,571)		(290)

Net liabilities			(24,571)		(290)

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STEM ELECTRONICS LIMITED REGISTERED NUMBER:13097893

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 28 FEBRUARY 2026

		2026		2025
		£		£

Capital and reserves
Called up share capital	100	100
Profit and loss account	(24,671)	(390)
	(24,571)	(290)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

S K Jacobs

Director

Date: 1 July 2026

The notes on pages 3 to 6 form part of these financial statements.

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STEM ELECTRONICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

1.	General information

Stem Electronics Limited is a private company limited by shares, registered in England and Wales. The address of
its registered office is disclosed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

At the year end date, the company's liabilities exceed its assets. As a result, the company is reliant on the continued financial support provided by the director.

As a result of this confirmation and assesement that for the forseeable future the company can settle any liabilities as they fall due, the director considers it appropriate to continue to prepare the financial statements on a going concern basis.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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STEM ELECTRONICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

2.Accounting policies (continued)

2.4

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings

25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 2 (2025 - 1).

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STEM ELECTRONICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

4.	Tangible fixed assets

		Fixtures and fittings
		£
	Cost or valuation
	Additions	660
	At 28 February 2026	660
	Depreciation
	Charge for the year on owned assets	165
	At 28 February 2026	165
	Net book value
	At 28 February 2026	495
	At 28 February 2025	-

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STEM ELECTRONICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

Debtors

					2026	2025
					£	£


Other debtors	100	100
	100	100

6.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Other creditors	30,414	420
	30,414	420

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