Rutland Sheds Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 10028997

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		4,173
Tangible Assets	5		9,228		11,539

			9,228		15,712
CURRENT ASSETS
Stocks	6	32,795		24,975
Debtors	7	46,610		50,314
Cash at bank and in hand		257,906		255,098

		337,311		330,387
Creditors: Amounts Falling Due Within One Year	8	(94,707 )		(105,388 )

NET CURRENT ASSETS (LIABILITIES)			242,604		224,999

TOTAL ASSETS LESS CURRENT LIABILITIES			251,832		240,711

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,307 )		(2,769 )

NET ASSETS			249,525		237,942

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			249,425		237,842

SHAREHOLDERS' FUNDS			249,525		237,942

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Rutland Sheds Limited

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms Pauline Price

Director

24th July 2026

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

1. General Information

Rutland Sheds Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10028997 . The registered office is 124-126 Sandon Road , Smethwick, Warley, West Midlands, B66 4AB.

The presentation currency of the financial statements is in 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 and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised to the profit and loss account evenly over its estimated economic life of ten years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% on reducing balance
Motor Vehicles	25% on reducing balance
Computer Equipment	33.3% on cost

2.5. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for damaged, obsolete and slow-moving stocks. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

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Rutland Sheds Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.6. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2025: 13)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 March 2025	41,735

As at 28 February 2026	41,735

Amortisation
As at 1 March 2025	37,562
Provided during the period	4,173

As at 28 February 2026	41,735

Net Book Value
As at 28 February 2026	-

As at 1 March 2025	4,173

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Rutland Sheds Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 March 2025	11,086	40,578	664	52,328

As at 28 February 2026	11,086	40,578	664	52,328

Depreciation
As at 1 March 2025	5,333	34,792	664	40,789
Provided during the period	863	1,448	-	2,311

As at 28 February 2026	6,196	36,240	664	43,100

Net Book Value
As at 28 February 2026	4,890	4,338	-	9,228

As at 1 March 2025	5,753	5,786	-	11,539

6. Stocks

	2026	2025
	£	£
Stock	32,795	24,975

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	30,000	34,925
Prepayments and accrued income	3,459	3,328
Directors' loan accounts	13,151	12,061

	46,610	50,314

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Rutland Sheds Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	30,770	25,172
Corporation tax	38,020	56,009
Social security and other taxes	4,038	2,681
VAT	17,876	18,426
Other creditors	-	(901 )
Accrued expenses	3,982	4,001
Directors' loan accounts	21	-

	94,707	105,388

9. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

10. Pension Commitments

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

11. Directors Advances, Credits and Guarantees

The following advances and credits to directors subsisted during the year ended 28 February 2026:

	As at 1 March 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 28 February 2026
	£	£	£	£	£
Mr Errol Grant	607	45,222	(45,850)	-	(21)
Mr Neville Price	11,454	47,547	(45,850)	-	13,151

No interest is charged on loans from directors. Amounts are repayable on demand.

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