03291294falsepharmacists2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:MotorCars2023-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:MotorCars2024-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2024-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FRS1022023-04-012024-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:LandBuildings2023-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:LandBuildings2024-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 03291294

R & W Else Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

R & W Else Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
Richard Harvey Else
REGISTERED OFFICE
111 Hanbridge Avenue
Bradwell
Newcastle-under-Lyme
Staffordshire
ST5 8HX
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03291294
BANKERS
Santander
ACCOUNTANTS
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

R & W Else Limited

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

R & W Else Limited

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets4220,739309,421
Investment Assets6351,368279,608
572,107589,029
CURRENT ASSETS
Stock58,01289,291
Debtors8196,598284,072
Cash at bank and in hand959,027553,052
1,213,637926,415
CREDITORS: Amounts falling due within one year9502,405491,085
NET CURRENT ASSETS711,232435,330
TOTAL ASSETS LESS CURRENT LIABILITIES1,283,3391,024,359
CREDITORS: Amounts falling due after more than one year10-442,563
PROVISIONS FOR LIABILITIES AND CHARGES124002,610
NET ASSETS1,282,939579,186
CAPITAL AND RESERVES
Called up share capital13500500
Profit and loss account1,282,439578,686
SHAREHOLDERS' FUNDS1,282,939579,186
For the year ending 31/03/2024 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 02/12/2024 and signed on their behalf by
Richard Harvey Else
Director

R & W Else Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsreducing balance 2%
Fixtures and Fittingsreducing balance 15%
Motor Carsreducing balance 25%
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

R & W Else Limited

1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1f. Goodwill
Goodwill arising in connection with the original purchase of Bradwell Pharmacy is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable. This has now been fully amortised.
Goodwill arising in connection with the purchase of the W & S Low Pharmacy during the year has been capitalised and amortised over its economic life to a maximum of 4 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable. This is in line with current accounting standards taking into accounts current uncertainties that exist within the economy and the nature of government contracts.
The Goodwill on W & S Low Pharmacy has been sold during the year. As this had been fully amortised the whole of the proceeds (less selling costs) have been treated as profit on disposal of goodwill in the financial statements.
1g. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.
1h. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are not made for temporary fluctuations in value.
2. EMPLOYEES
20242023
No.No.
Average number of employees1817

R & W Else Limited

3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/20231,369,6461,369,646
Disposals(1,234,616)(1,234,616)
At 31/03/2024135,030135,030
Depreciation
At 01/04/20231,369,6461,369,646
Disposals(1,234,616)(1,234,616)
At 31/03/2024135,030135,030
Net Book Amounts
At 31/03/2024--
4. TANGIBLE FIXED ASSETS
Land AndShort LeaseholdFixtures
BuildingsPropertiesand FittingsMotor CarsTotal
£££££
Cost
At 01/04/2023111,73942,181134,31615,259303,495
Disposals-(4,335)(48,790)-(53,125)
At 31/03/2024111,73937,84685,52615,259250,370
Depreciation
At 01/04/202317,88042,181109,26413,971183,296
Disposals-(4,335)(33,149)-(37,484)
For the year2,235-1,2623223,819
At 31/03/202420,11537,84677,37714,293149,631
Net Book Amounts
At 31/03/202491,624-8,149966100,739
At 31/03/202393,859-25,0521,288120,199

R & W Else Limited

5. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/04/2023189,222189,222
Disposals(30,000)(30,000)
Revaluation(39,222)(39,222)
At 31/03/2024120,000120,000
The investment property has been valued by the director at 31 March 2024 at £120,000. This is to reflect general market conditions in appartment blocks where their are or have been cladding issues.
6. FINANCIAL ASSETS
Listed
InvestmentsTotal
££
Cost
At 01/04/2023279,608279,608
Additions111,964111,964
Disposals(83,229)(83,229)
Revaluation43,02543,025
At 31/03/2024351,368351,368
Amortisation
Net Book Amounts
At 31/03/2024351,368351,368
At 31/03/2023279,608279,608
At 31 March 2022 the cost of the listed investments was £308,343 (2023 - £279,608).
7. STOCK 20242023
££
Stock comprises:
Stock58,01289,291
58,01289,291

R & W Else Limited

8. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors156,150219,677
VAT38,74361,790
Prepayments1,7052,605
196,598284,072
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax262,93344,502
PAYE control26,4694,325
Directors current account29,35463,986
Bank Loan-60,400
Trade creditors178,209312,158
Pension schemes638848
Accruals4,8024,866
502,405491,085
10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans-442,563
-442,563

R & W Else Limited

11. SECURED CREDITORS
20242023
££
Amount of bank loans and overdrafts which are secured-420,063
12. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation4002,610
4002,610
13. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
500 Ordinary shares of £1 each500500
500500
14. OTHER FINANCIAL COMMITMENTS
At 31/03/2024 the company was committed to making the following payments under non-cancellable operating leases:
20242023
££
Operating Leases which expire:
After 5 years59,65069,600