04947390falsethe sourcing and importation of goods and provision of serviced offices2024-11-012025-10-31http://www.companieshouse.gov.uk/2024-10-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-10-31http://www.companieshouse.gov.uk/cd:Director12024-11-012025-10-31http://www.companieshouse.gov.uk/pt:ShareCapital2025-10-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-10-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-10-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2025-10-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-11-012025-10-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2025-10-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-11-012025-10-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-11-012025-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-10-31http://www.companieshouse.gov.uk/2024-11-012025-10-31http://www.companieshouse.gov.uk/2024-10-31http://www.companieshouse.gov.uk/cd:FRS1022024-11-012025-10-31http://www.companieshouse.gov.uk/2025-10-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-11-012025-10-31http://www.companieshouse.gov.uk/cd:FilletedAccounts2024-11-012025-10-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 04947390
L ELWELL LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31/10/2025
Prepared By:
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT
L ELWELL LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31/10/2025
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 04947390
BANKERS
HSBC BANK PLC & LLOYDS BANK PLC
ACCOUNTANTS
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT
L ELWELL LIMITED
ACCOUNTS
FOR THEYEARENDED31/10/2025
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-
L ELWELL LIMITED
BALANCE SHEET AT 31/10/2025
20252024
Notes££
FIXED ASSETS
Tangible assets21,8222,238
CURRENT ASSETS
Stock5,95316,242
Debtors4226,511210,927
Cash at bank and in hand6,5633,068
239,027230,237
CREDITORS: Amounts falling due within one year594,26168,587
NET CURRENT ASSETS144,766161,650
TOTAL ASSETS LESS CURRENT LIABILITIES146,588163,888
CREDITORS: Amounts falling due after more than one year657,75090,750
PROVISIONS FOR LIABILITIES AND CHARGES8346560
NET ASSETS88,49272,578
CAPITAL AND RESERVES
Called up share capital911
Profit and loss account88,49172,577
SHAREHOLDERS' FUNDS88,49272,578
For the year ending 31/10/2025 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 24/07/2026 and signed on their behalf by
.............................
LAWRIE ELWELL
Director
L ELWELL LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2025
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 is provided at rates calculated to write off the cost of fixed assets, less their estimated residual values, over their expected 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.
Fixtures And Fittingsstraight line10%
Equipmentstraight line10%
1c. 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.
1d. Basis Of Accounting FRS 1021 a
The accounts which are stated in United Kingdom Pounds Sterling, have been prepared under the historical cost convention.
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.
1e. Turnover
Turnover represents the invoiced value of goods and services sourced and supplied by the company, net of value added tax and trade discounts, derived from ordinary activities.
L ELWELL LIMITED
2. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/11/20245643,9974,561
Disposals-(400)(400)
At 31/10/20255643,5974,161
Depreciation
At 01/11/20242652,0582,323
Disposals-(400)(400)
For the year56360416
At 31/10/20253212,0182,339
Net Book Amounts
At 31/10/20252431,5791,822
At 31/10/20242991,9392,238
3. STOCK 20252024
££
Stock comprises:
Stock of finished goods5,95316,242
5,95316,242
4. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors166,604118,557
VAT-6,144
Office 28 Ltd & Elwood Recruitment Services Ltd59,23285,732
Prepayments675494
226,511210,927
L ELWELL LIMITED
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
UK corporation tax5,5526,798
VAT24,190-
PAYE control1,194400
Directors current account9,02510,691
Bank loans and overdrafts14,6507,468
Bank Loan10,00010,000
Trade creditors21,68524,770
Accruals7,9658,460
94,26168,587
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
HSBC Bank PLC Loan >1yr57,75090,750
57,75090,750
The HSBC Bank PLC loan is secured by a government guarantee.
7. EMPLOYEES
20252024
No.No.
Average number of employees11
Key management personnel is restricted to that of the director.
8. PROVISIONS FOR LIABILITIES 20252024
££
Deferred taxation346560
346560
L ELWELL LIMITED
9. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
10. CONTROLLING PARTY
The company is wholly owned by the director Mr L Elwell.
11. RELATED PARTY TRANSACTIONS
The director Mr L Elwell received a dividend of £ 4,000 in the year to 31 October 2025 (2024 - £ 14,000).
12. GENERAL INFORMATION
L Elwell Limited 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 financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company.
13. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITY
The company operates as an importer of goods, predominantly from the Far East.