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Registration number: 00261594

E.O. Culverwell Limited
Annual Report and Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

E.O. Culverwell Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

E.O. Culverwell Limited

Company Information

Director | R J Cole

Registered office | E O Culverwell Ltd Station Road Robertsbridge East Sussex TN32 5DG

Accountants | Manningtons Chartered AccountantsVictoria House The Moor Hawkhurst Kent TN18 4NR

E.O. Culverwell Limited

(Registration number: 00261594)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 303,421 | 331,432
Investment property | 6 | 650,000 | 650,000
|  | 953,421 | 981,432
Current assets |  |  |
Stocks | 7 | 2,157,506 | 1,821,711
Debtors | 8 | 260,662 | 118,924
Cash at bank and in hand |  | 6,960 | 3,845
|  | 2,425,128 | 1,944,480
Creditors: Amounts falling due within one year | 9 | (1,411,047) | (1,022,710)
Net current assets |  | 1,014,081 | 921,770
Total assets less current liabilities |  | 1,967,502 | 1,903,202
Creditors: Amounts falling due after more than one year | 9 | - | (6,556)
Provisions for liabilities |  | (68,305) | (68,305)
Net assets |  | 1,899,197 | 1,828,341
Capital and reserves |  |  |
Called up share capital |  | 12,222 | 12,222
Capital redemption reserve |  | 127,078 | 127,078
Revaluation reserve |  | 291,196 | 291,196
Retained earnings |  | 1,468,701 | 1,397,845
Shareholders' funds |  | 1,899,197 | 1,828,341

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

E.O. Culverwell Limited

(Registration number: 00261594)
Balance Sheet as at 31 October 2025

Approved and authorised by the director on 2 April 2026

......................................... R J Cole Director

E.O. Culverwell Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
E O Culverwell Ltd
Station Road
Robertsbridge
East Sussex
TN32 5DG

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

E.O. Culverwell Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Freehold land and buildings | 2% straight line basis on buildings
Plant and machinery | 10% straight line basis
Motor vehicles | 20% straight line basis
Computer equipment | 25% straight line basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined periodically when deemed appropriate by company director using external valuers, in the interim the director undertakes their own annual review, and compares this to the last external valuation undertaken for any changes requiring adjustment. Both the valuers and director use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

E.O. Culverwell Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 19 (2024 - 18).

4 | Taxation

Deferred tax

Tax relating to items recognised in other comprehensive income or equity

| 2025 £ | 2024 £
Deferred tax related to items recognised as items of equity | - | 68,305

E.O. Culverwell Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

5 | Tangible assets

| Land and buildings £ | Computer equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 November 2024 | 405,337 | 37,644 | 75,590 | 212,768 | 731,339
Additions | - | 1,410 | - | - | 1,410
At 31 October 2025 | 405,337 | 39,054 | 75,590 | 212,768 | 732,749
Depreciation
At 1 November 2024 | 157,967 | 32,127 | 48,150 | 161,663 | 399,907
Charge for the year | 6,591 | 1,457 | 7,760 | 13,613 | 29,421
At 31 October 2025 | 164,558 | 33,584 | 55,910 | 175,276 | 429,328
Carrying amount
At 31 October 2025 | 240,779 | 5,470 | 19,680 | 37,492 | 303,421
At 31 October 2024 | 247,370 | 5,517 | 27,440 | 51,105 | 331,432

Included within the net book value of land and buildings above is £240,779 (2024 - £247,370) in respect of freehold land and buildings.

6 | Investment properties

| 2025 £
At 1 November | 650,000
At 31 October | 650,000

Valuation is from director based on a valuation in 2022 on the rental value of unused property and predicted resale value from an independent valuer on an informal basis.

There has been no valuation of investment property by an independent valuer.

E.O. Culverwell Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

7 | Stocks

| 2025 £ | 2024 £
Stock and work in progress | 2,157,506 | 1,821,711

8 | Debtors

| 2025 £ | 2024 £
Trade debtors | 166,485 | 39,865
Taxation and social security | 1,130 | -
Prepayments | 79,591 | 70,589
Other debtors | 13,456 | 8,470
| 260,662 | 118,924

9 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Bank loans and overdrafts | 78,369 | 35,331
Trade creditors | 1,093,570 | 873,470
Taxation and social security | 16,025 | 33,145
Other creditors | 223,083 | 80,764
| 1,411,047 | 1,022,710
Due after one year |  |
Loans and borrowings | - | 6,556

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | - | 6,556

E.O. Culverwell Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 6,556

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 6,166 | 9,964
Bank overdrafts | 72,203 | 25,367
| 78,369 | 35,331

Bank borrowings

Bounce Back Loan is denominated in sterling with a nominal interest rate of 2.5%, and the final instalment is due on 13 April 2026. The carrying amount at year end is £6,166 (2024 - £16,519). The loan is an unsecured loan backed by the government as part of COVID19 business support packages available.