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REGISTERED NUMBER: 05323073 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2022

for

A J Wheeler Limited

A J Wheeler Limited (Registered number: 05323073)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A J Wheeler Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: P J Hewett FCCA
Mrs K L Hewett





REGISTERED OFFICE: 338 London Road
Portsmouth
PO2 9JY





REGISTERED NUMBER: 05323073 (England and Wales)





ACCOUNTANT: AJ Wheeler Limited
338 London Road
Portsmouth
PO2 9JY

A J Wheeler Limited (Registered number: 05323073)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 383,950 383,950
Tangible assets 5 55,047 65,205
438,997 449,155

CURRENT ASSETS
Stocks 74,517 73,186
Debtors 6 350,966 366,215
Cash at bank and in hand 2,306 1,734
427,789 441,135
CREDITORS
Amounts falling due within one year 7 166,750 163,774
NET CURRENT ASSETS 261,039 277,361
TOTAL ASSETS LESS CURRENT
LIABILITIES

700,036

726,516

CAPITAL AND RESERVES
Called up share capital 300,999 300,999
Retained earnings 399,037 425,517
SHAREHOLDERS' FUNDS 700,036 726,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:





Mrs K L Hewett - Director


A J Wheeler Limited (Registered number: 05323073)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

A J Wheeler 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill is capitalised in the year of purchase. A review of the client base and retained gross recurring fees are reviewed at each accounting period end and a diminution in value considered. Any amortisation is written off as part of the annual review.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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 year 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 year was 17 (2021 - 15 ) .

A J Wheeler Limited (Registered number: 05323073)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 538,349
AMORTISATION
At 1 January 2022
and 31 December 2022 154,399
NET BOOK VALUE
At 31 December 2022 383,950
At 31 December 2021 383,950

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2022
and 31 December 2022 18,000 26,115 48,700 13,950 106,765
DEPRECIATION
At 1 January 2022 3,600 26,115 4,870 6,975 41,560
Charge for year 1,800 - 4,870 3,488 10,158
At 31 December 2022 5,400 26,115 9,740 10,463 51,718
NET BOOK VALUE
At 31 December 2022 12,600 - 38,960 3,487 55,047
At 31 December 2021 14,400 - 43,830 6,975 65,205

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 87,426 79,264
Other debtors 263,540 286,951
350,966 366,215

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 43,208 47,853
Trade creditors 1 -
Taxation and social security 21,595 33,471
Other creditors 101,946 82,450
166,750 163,774

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £100,000 were paid to the directors .

The company trades from a property owned by the pension fund of Mr P J Hewett. An annual rent is payable of £18,500.

The company made a contribution of £120,000 into the directors pension fund during the year.

A J Wheeler Limited (Registered number: 05323073)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

9. ULTIMATE CONTROLLING PARTY

The controlling party is P J Hewett FCCA.