Rugland Limited - Filleted accounts

Registered number

NI043284

Rugland Limited

Filleted Accounts

31 December 2025

Rugland Limited
Registered number:		NI043284
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		-			16

Current assets
Stocks		40,921			42,671
Cash at bank and in hand		110,160			104,133
		151,081			146,804

Creditors: amounts falling due within one year	4	(16,343)			(23,220)

Net current assets			134,738			123,584

Total assets less current liabilities			134,738			123,600


Provisions for liabilities			-			(4)


Net assets			134,738			123,596

Capital and reserves
Called up share capital			2			2
Profit and loss account			134,736			123,594

Shareholder's funds			134,738			123,596

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.




William J Brown
Director
Approved by the board on 26 February 2026

Rugland Limited
Notes to the Accounts
for the year ended 31 December 2025


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.

	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:
	Motor vehicles	25% straight line
	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.

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Plant and machinery		Motor vehicles		Total
£			£		£
	Cost
	At 1 January 2025	19,067		4,400		23,467
	At 31 December 2025	19,067		4,400		23,467

	Depreciation
	At 1 January 2025	19,051		4,400		23,451
	Charge for the year	16		-		16
	At 31 December 2025	19,067		4,400		23,467

	Net book value
	At 31 December 2025	-		-		-
	At 31 December 2024	16		-		16


4	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			5,702		13,050
	Corporation tax			2,851		2,605
	Other taxes and social security costs			3,086		2,927
	Other creditors			4,704		4,638
				16,343		23,220


5	Events after the reporting date

	There were no events after the year end which would necessitate a change in the accounts.

6	Related party transactions

	During the year the company made no payments to William J Brown in respect of rent for its trading premises at Kilkeel (2024 : Nil).


7	Controlling party

	The ultimate controlling body has been identified as William J Brown, the sole shareholder.


8	Other information

	Rugland Limited is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
	10c Marcus Square
	Newry
	Co. Down
	BT34 1AE