Stonepeg Limited - Filleted accounts

Registered number

05013324

Stonepeg Limited

Filleted Accounts

31 January 2026

Stonepeg Limited
Registered number:		05013324
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		10,000			15,000
Tangible assets	4		3,050			4,067
			13,050			19,067

Current assets
Stocks		300,000			295,000
Debtors	5	114,292			92,918
Cash at bank and in hand		69,943			53,320
		484,235			441,238

Creditors: amounts falling due within one year	6	(160,779)			(146,296)

Net current assets			323,456			294,942

Net assets			336,506			314,009

Capital and reserves
Called up share capital			2			2
Profit and loss account			336,504			314,007

Shareholders' funds			336,506			314,009

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr. G. Williamson
Director
Approved by the board on 14 September 2026

Stonepeg Limited
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		12		13


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 February 2025				45,000
	At 31 January 2026				45,000

	Amortisation
	At 1 February 2025				30,000
	Provided during the year				5,000
	At 31 January 2026				35,000

	Net book value
	At 31 January 2026				10,000
	At 31 January 2025				15,000

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 February 2025				24,994
	At 31 January 2026				24,994

	Depreciation
	At 1 February 2025				20,927
	Charge for the year				1,017
	At 31 January 2026				21,944

	Net book value
	At 31 January 2026				3,050
	At 31 January 2025				4,067


5	Debtors		2026		2025
£				£

	Trade debtors		114,292		83,251
	Other debtors		-		9,667
			114,292		92,918


6	Creditors: amounts falling due within one year		2026		2025
£				£

	Trade creditors		88,956		74,525
	Taxation and social security costs		59,783		56,072
	Other creditors		12,040		15,699
			160,779		146,296


7	Related party transactions

	The Company has a related Company, Renntec Engineering Limited and some overhead charges are re-charged.


8	Controlling party

	Mr G Williamson and Mrs Y Williamson are the people with significant control.


9	Other information

	Stonepeg Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The Old Racing Stables,
	Nine Yews Cranborne,
	Wimborne,
	Dorset,
	BH21 5PW