ACCOUNTS - Final Accounts preparation

Company registration number: 04839385

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	STONEPOINT LIMITED


STONEPOINT LIMITED

COMPANY INFORMATION

Directors	J A Paxton
	R Keys


Registered number	04839385


Registered office	Richmond House
	Walkern Road
	Stevenage
	SG1 3QP


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	SG1 3QP


STONEPOINT LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 7


STONEPOINT LIMITED REGISTERED NUMBER:04839385

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		80,711		108,534
			80,711		108,534
Current assets
Debtors: amounts falling due within one year	5	145,080		116,471
Bank and cash balances		50,175		137,854
		195,255		254,325
Creditors: amounts falling due within one year	6	(150,327)		(198,870)
Net current assets			44,928		55,455
Total assets less current liabilities			125,639		163,989
Creditors: amounts falling due after more than one year	7		(57,740)		(84,122)
Provisions for liabilities
Deferred tax		(7,229)		(13,358)
			(7,229)		(13,358)
Net assets			60,670		66,509

Capital and reserves
Called up share capital	100	100
Profit and loss account	60,570	66,409
	60,670	66,509

Page 1


STONEPOINT LIMITED REGISTERED NUMBER:04839385

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

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:

___________________________

J A Paxton

Director

Date: 23 December 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2


STONEPOINT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Stonepoint Limited 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.
The presentation currency of the financial statements is the Pound Sterling (£).

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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

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

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3


STONEPOINT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.5

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Motor vehicles	-	25%
				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.

2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Employees

The average monthly number of employees, including directors, during the year was 5 (2024 - 5).

Page 4


STONEPOINT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

	Motor vehicles	Fixtures and fittings	Total
	£	£	£
Cost or valuation
At 1 April 2024	233,668	4,128	237,796
Additions	16,686	-	16,686
Disposals	(6,700)	-	(6,700)
At 31 March 2025	243,654	4,128	247,782
Depreciation
At 1 April 2024	125,134	4,128	129,262
Charge for the year on owned assets	37,809	-	37,809
At 31 March 2025	162,943	4,128	167,071
Net book value
At 31 March 2025	80,711	-	80,711
At 31 March 2024	108,534	-	108,534

Debtors

					2025	2024
					£	£


Trade debtors	26,688	23,411
Other debtors	118,392	93,060
	145,080	116,471

Page 5


STONEPOINT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	30,000	30,000
Trade creditors	29,694	7,890
Corporation tax	25,215	47,310
Other taxation and social security	40,378	43,355
Obligations under finance lease and hire purchase contracts	7,530	6,910
Other creditors	15,510	21,905
Accruals and deferred income	2,000	41,500
	150,327	198,870

The following liabilities were secured:
	2025	2024
	£	£


Bank loans	30,000	30,000
Obligations under finance lease and hire purchase contracts	7,530	6,910
	37,530	36,910

Details of security provided:

Bank loans and other banking facilities are secured by way of a fixed and floating charge over the assets of the company.
Amounts due under hire purchase agreements are secured against the assets concerned.

Page 6


STONEPOINT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	26,839	55,073
Obligations under finance lease and hire purchase contracts	30,901	29,049
	57,740	84,122

The following liabilities were secured:
	2025	2024
	£	£


Bank loans	26,839	55,073
Obligations under finance lease and hire purchase contracts	30,901	14,049
	57,740	69,122

Details of security provided:

8.	Directors' benefits: advances, credit and guarantees

At the reporting date the directors owed £24,040 to the company (2024: £17,570 owed from the company to the directors). The balance can be found within debtors and no interest is being charged on this.

Page 7