REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 8 FEBRUARY 2021 TO 31 DECEMBER 2021 |
FOR |
WHEELWRIGHT GROUP LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 8 FEBRUARY 2021 TO 31 DECEMBER 2021 |
FOR |
WHEELWRIGHT GROUP LIMITED |
WHEELWRIGHT GROUP LIMITED (REGISTERED NUMBER: 13184367) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 8 FEBRUARY 2021 TO 31 DECEMBER 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
WHEELWRIGHT GROUP LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 8 FEBRUARY 2021 TO 31 DECEMBER 2021 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
Advantage |
87 Castle Street |
Reading |
Berkshire |
RG1 7SN |
WHEELWRIGHT GROUP LIMITED (REGISTERED NUMBER: 13184367) |
BALANCE SHEET |
31 DECEMBER 2021 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on |
WHEELWRIGHT GROUP LIMITED (REGISTERED NUMBER: 13184367) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 8 FEBRUARY 2021 TO 31 DECEMBER 2021 |
1. | STATUTORY INFORMATION |
Wheelwright Group Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Wheelwright Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
WHEELWRIGHT GROUP LIMITED (REGISTERED NUMBER: 13184367) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 8 FEBRUARY 2021 TO 31 DECEMBER 2021 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
At 31 December 2021 |
NET BOOK VALUE |
At 31 December 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts |
Amounts owed to group undertakings |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Bank loans |
Other creditors |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 81,441 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Bank loans and overdraft | 1,144,433 |
WHEELWRIGHT GROUP LIMITED (REGISTERED NUMBER: 13184367) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 8 FEBRUARY 2021 TO 31 DECEMBER 2021 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £100 | 150,000 |
Ordinary A | £100 | 100,000 |
250,000 |
The following shares were allotted and fully paid for cash at par during the period: |
1,500 Ordinary shares of £100 each |
1,000 Ordinary A shares of £100 each |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |