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REGISTERED NUMBER: 13184367 (England and Wales)











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: T J Hooker
D P Mcmillan
M S Thomson
A D Thomson





REGISTERED OFFICE: Wheelwright
Steelfields, Gads Hill, Owens Way
Gillingham
Kent
ME7 2RT





REGISTERED NUMBER: 13184367 (England and Wales)





AUDITORS: Haines Watts, Statutory Auditor
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 4,240,438

CURRENT ASSETS
Debtors 5 33,294

CREDITORS
Amounts falling due within one year 6 2,685,752
NET CURRENT LIABILITIES (2,652,458 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,587,980

CREDITORS
Amounts falling due after more than one
year

7

1,445,754
NET ASSETS 142,226

CAPITAL AND RESERVES
Called up share capital 9 250,000
Retained earnings (107,774 )
SHAREHOLDERS' FUNDS 142,226

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 29 June 2022 and were signed on its behalf by:





M S Thomson - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 13 .

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 4,240,438
At 31 December 2021 4,240,438
NET BOOK VALUE
At 31 December 2021 4,240,438

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Other debtors 33,294

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Bank loans and overdrafts 227,846
Amounts owed to group undertakings 2,446,900
Other creditors 11,006
2,685,752

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£
Bank loans 916,587
Other creditors 529,167
1,445,754

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: £
1,500 Ordinary £100 150,000
1,000 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.

Mark Newbold FCA (Senior Statutory Auditor)
for and on behalf of Haines Watts, Statutory Auditor