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Registered number: 03291294

R & W Else Limited

ACCOUNTS

FOR THE YEAR ENDED 31/03/2025

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 31/03/2025

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 THEYEARENDED31/03/2025
CONTENTS
		Page
Balance Sheet		3
Notes To The Accounts		4

R & W Else Limited

BALANCE SHEET AT 31/03/2025
						2025				2024
		Notes				£				£
FIXED ASSETS
Tangible assets		4				128,579				220,739
Investment Assets		6				353,586				351,368
						482,165				572,107
CURRENT ASSETS
Stock				61,554				58,012
Debtors		8		195,038				196,598
Cash at bank and in hand				736,182				959,027
				992,774				1,213,637
CREDITORS: Amounts falling due within one year		9		203,321				502,405
NET CURRENT ASSETS						789,453				711,232
TOTAL ASSETS LESS CURRENT LIABILITIES						1,271,618				1,283,339
PROVISIONS FOR LIABILITIES AND CHARGES		10				-				400
NET ASSETS						1,271,618				1,282,939
CAPITAL AND RESERVES
Called up share capital		11				500				500
Profit and loss account						1,271,118				1,282,439
SHAREHOLDERS' FUNDS						1,271,618				1,282,939
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 24/11/2025 and signed on their behalf by
Richard Harvey Else
Director

R & W Else Limited

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31/03/2025

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 has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildings		reducing balance 2%
Fixtures and Fittings		reducing balance 15%
Motor Cars		reducing 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.

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 market value as these are all investments which are traded on listed investment markets.

2. EMPLOYEES
				2025		2024
				No.		No.
Average number of employees				17		18

R & W Else Limited

3. INTANGIBLE FIXED ASSETS
		Purchased
		Goodwill		Total
		£		£
Cost
At 01/04/2024		135,030		135,030
At 31/03/2025		135,030		135,030
Depreciation
At 01/04/2024		135,030		135,030
At 31/03/2025		135,030		135,030
Net Book Amounts
At 31/03/2025		-		-

4. TANGIBLE FIXED ASSETS
		Land And		Short Leasehold		Fixtures
		Buildings		Properties		and Fittings		Motor Cars		Total
		£		£		£		£		£
Cost
At 01/04/2024		111,738		37,846		85,526		15,259		250,369
Additions		-		-		916		-		916
Disposals		(111,738)		-		-		-		(111,738)
At 31/03/2025		-		37,846		86,442		15,259		139,547
Depreciation
At 01/04/2024		20,114		37,846		77,377		14,293		149,630
Disposals		(20,114)		-		-		-		(20,114)
For the year		-		-		1,210		242		1,452
At 31/03/2025		-		37,846		78,587		14,535		130,968
Net Book Amounts
At 31/03/2025		-		-		7,855		724		8,579
At 31/03/2024		91,624		-		8,149		966		100,739

R & W Else Limited

5. INVESTMENT PROPERTIES
		Investment
		Properties		Total
		£		£
Fair value
At 01/04/2024		120,000		120,000
At 31/03/2025		120,000		120,000
The investment property has been valued by the director at 31 March 2025 at £120,000.

6. FINANCIAL ASSETS
		Listed
		Investments		Total
		£		£
Cost
At 01/04/2024		351,368		351,368
Additions		16,755		16,755
Disposals		(14,690)		(14,690)
Revaluation		153		153
At 31/03/2025		353,586		353,586
Amortisation
Net Book Amounts
At 31/03/2025		353,586		353,586
At 31/03/2024		351,368		351,368
At 31 March 2025 the cost of the listed investments was £310,408 (2024 - £308,343).

7. STOCK				2025		2024
				£		£
Stock comprises:
Stock				61,554		58,012
				61,554		58,012

R & W Else Limited

8. DEBTORS				2025		2024
				£		£
Amounts falling due within one year
Trade debtors				135,184		156,150
VAT				43,259		38,743
Prepayments				2,946		1,705
Directors current account				10,843		-
Deferred taxation				2,806		-
				195,038		196,598

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2025		2024
				£		£
UK corporation tax				15,846		262,933
PAYE control				17,338		26,469
Salaries and wages control				320		-
Directors current account				-		29,354
Trade creditors				164,930		178,209
Pension schemes				608		638
Accruals				4,279		4,802
				203,321		502,405

10. PROVISIONS FOR LIABILITIES				2025		2024
				£		£
Deferred taxation				-		400
				-		400

R & W Else Limited

11. SHARE CAPITAL				2025		2024
				£		£
Allotted, issued and fully paid:
500 Ordinary shares of £1 each				500		500
				500		500

12. OTHER FINANCIAL COMMITMENTS
At 31/03/2025 the company was committed to making the following payments under non-cancellable operating leases:
				2025		2024
				£		£
Operating Leases which expire:
After 5 years				49,700		59,650