11745379falseTHE RECRUITMENT AND SUPPLY OF LABOUR2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2025-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:MotorCars2024-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2025-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:MotorCars2025-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FRS1022024-04-012025-03-31http://www.companieshouse.gov.uk/2025-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-04-012025-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-04-012025-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 11745379
ELWOOD RECRUITMENT SERVICES LTD
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
Prepared By:
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT
ELWOOD RECRUITMENT SERVICES LTD
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
DIRECTORS
LAWRIE ELWELL
REGISTERED OFFICE
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11745379
BANKERS
LLOYDS BANK plc
ACCOUNTANTS
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT
ELWOOD RECRUITMENT SERVICES LTD
ACCOUNTS
FOR THEYEARENDED31/03/2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
ELWOOD RECRUITMENT SERVICES LTD
BALANCE SHEET AT 31/03/2025
20252024
Notes££
FIXED ASSETS
Tangible assets281,11390,797
CURRENT ASSETS
Stock26,14026,660
Debtors4214,862655,120
Cash at bank and in hand46,79115,418
287,793697,198
CREDITORS: Amounts falling due within one year5325,725760,993
NET CURRENT LIABILITIES(37,932)(63,795)
TOTAL ASSETS LESS CURRENT LIABILITIES43,18127,002
CREDITORS: Amounts falling due after more than one year611,66710,064
PROVISIONS FOR LIABILITIES AND CHARGES81,2253,205
NET ASSETS30,28913,733
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account30,18913,633
SHAREHOLDERS' FUNDS30,28913,733
For the year ending 31/03/2025 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 24/12/2025 and signed on their behalf by
.............................
LAWRIE ELWELL
Director
ELWOOD RECRUITMENT SERVICES LTD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1b. Going Concern
These financial statements have been prepared on the going concern basis. The company is in a net current liability position of £ 37,932 as at 31 March 2025. The director has given assurances to the company that he will make available sufficient funds for the company to be able to pay its debts as they fall due for at least twelve months from the date that the balance sheet was signed. On this basis the company is considered a going concern.
1c. Depreciation
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their estimated useful lives.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.
Equipmentstraight line10%
Motor Carsstraight line10%
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.
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. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts, derived from ordinary activities.
ELWOOD RECRUITMENT SERVICES LTD
2. TANGIBLE FIXED ASSETS
EquipmentMotor CarsTotal
£££
Cost
At 01/04/202438,58466,345104,929
Additions738-738
Disposals(1,440)-(1,440)
At 31/03/202537,88266,345104,227
Depreciation
At 01/04/20247,5326,60014,132
Disposals(1,440)-(1,440)
For the year3,7886,63410,422
At 31/03/20259,88013,23423,114
Net Book Amounts
At 31/03/202528,00253,11181,113
At 31/03/202431,05259,74590,797
3. STOCK 20252024
££
Stock comprises:
Stock26,14026,660
26,14026,660
4. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors179,157619,419
Other debtors18,00018,000
Prepayments17,70517,701
214,862655,120
ELWOOD RECRUITMENT SERVICES LTD
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
UK corporation tax-12,534
VAT117,171127,419
PAYE control1875,002
Salaries and wages control16,4719,760
Directors current account5,8743,309
Bank loans and overdrafts32,498482,580
Gold business charge card-43,644
L Elwell Limited44,000-
Trade creditors39114,208
Other creditors52,05736,822
Accruals4,6704,410
Office 28 Ltd52,40621,305
325,725760,993
Included in bank loans and overdrafts as at 31 March 2025 is an amount of £ 31,781 (2024 - £ 481,863) due to Novuna Bank i.e Mitsubishi HC Capital UK PLC which is secured by a fixed and floating charge over the assets of the company.
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
Lloyds Bank plc - Bounce back loan (unsecured) >1yr11,66710,064
11,66710,064
7. EMPLOYEES
20252024
No.No.
Average number of employees1114
ELWOOD RECRUITMENT SERVICES LTD
8. PROVISIONS FOR LIABILITIES 20252024
££
Deferred taxation1,2253,205
1,2253,205
9. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
10. OTHER FINANCIAL COMMITMENTS
At 31/03/2025 the company was committed to making the following payments under non-cancellable operating leases:
20252024
££
Operating Leases which expire:
Within one year30,97836,808
Within two to five years65,756124,425
11. CONTROLLING PARTY
The company is wholly owned by the director Mr L Elwell.
12. RELATED PARTY TRANSACTIONS
The director Mr L Elwell received a dividend of £ nil in the year ended 31 March 2025 (2024 - £ nil).
ELWOOD RECRUITMENT SERVICES LTD
13. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITY
The principal activity of the company is that of recruitment and supply of labour. All of its activities are carried out within the United Kingdom.
14. GENERAL INFORMATION
Elwood Recruitment Services Ltd (Formerly Elwood Abattoir Recruitment Services Ltd) is a private company limited by shares and incorporated in England. Its registered office is 13 Wolverhampton Road, Codsall, Wolverhampton, West Midlands, WV8 1PT. The company had a name change on 28 August 2023.
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company.