R.J. Sterritt Ltd - Filleted accounts

Registered number

NI602265

R.J. Sterritt Ltd

Filleted Accounts

for the year ended

31 March 2026

R.J. Sterritt Ltd
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		7,150			17,766

Current assets
Stocks		511,700			518,500
Debtors	4	277,221			260,377
Cash at bank and in hand		3,785			8,796
		792,706			787,673

Creditors: amounts falling due within one year	5	(382,284)			(433,331)

Net current assets			410,422			354,342

Total assets less current liabilities			417,572			372,108

Creditors: amounts falling due after more than one year	6		-			(6,061)

Provisions for liabilities	7		(1,788)			(4,442)


Net assets			415,784			361,605

Capital and reserves
Called up share capital			100			100
Profit and loss account			415,684			361,505

Shareholders' funds			415,784			361,605

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.



Joanne McKinney
Director
Approved by the board on 20 August 2026

R.J. Sterritt Ltd
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The financial statements 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.

	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% Straight line
	Motor vehicles	25% Straight line

	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.

	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 (i.e. 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.

	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			7		7


3	Tangible fixed assets
		Plant and machinery		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2025	6,193		75,825		82,018
	At 31 March 2026	6,193		75,825		82,018

	Depreciation
	At 1 April 2025	5,968		58,284		64,252
	Charge for the year	75		10,541		10,616
	At 31 March 2026	6,043		68,825		74,868

	Net book value
	At 31 March 2026	150		7,000		7,150
	At 31 March 2025	225		17,541		17,766


4	Debtors			2026		2025
£					£

	Trade debtors			275,313		258,227
	Other debtors			1,908		2,150
				277,221		260,377


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

	Bank loans and overdrafts			27,859		37,611
	Trade creditors			308,149		322,894
	Corporation tax			17,663		13,327
	Other taxes and social security costs			18,484		9,212
	Other creditors			10,129		50,287
				382,284		433,331


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

	Bank loans			-		6,061


7	Provisions for liabilities			2026		2025
	Deferred taxation:			£	£

	Accelerated capital allowances			1,788		4,442

				2026		2025
£					£

	At 1 April			4,442		8,054
	Deferred tax charge in profit and loss account			(2,654)		(3,612)

	At 31 March 2026			1,788		4,442


8	Events after the reporting date

	There were no events since the balance sheet date which would necessitate a change in the above figures.

9	Capital commitments

	The company did not have any capital commitments at 31 March 2026 not already provided for in the financial statements.


10	Contingent liabilities

	There were no contingent liabilities at the year end.


11	Transactions with directors
	The company owes £6,158 to the directors as at 31 March 2026 (2025: £45,939 owed to the directors by the company). This amount has been included within "other creditors" in note 5.

12	Controlling party

	The controlling parties have been identified as the directors and shareholders, Joanne McKinney and Michael Sterritt.


13	Other Information

	R.J. Sterritt Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is: 12 Ashtree Hill Newry Co. Down BT35 6TR