Registration number: 00261594

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.