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REGISTERED NUMBER: 13862496 (England and Wales)















Unaudited Financial Statements

for the Period 20 January 2022 to 30 April 2023

for

Wheeliams Limited

Wheeliams Limited (Registered number: 13862496)






Contents of the Financial Statements
for the Period 20 January 2022 to 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wheeliams Limited

Company Information
for the Period 20 January 2022 to 30 April 2023







DIRECTORS: Mr W Smith
Mrs H Smith





REGISTERED OFFICE: Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX





REGISTERED NUMBER: 13862496 (England and Wales)





ACCOUNTANTS: Asquith & Co Accountants Limited
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Wheeliams Limited (Registered number: 13862496)

Balance Sheet
30 April 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 139,796

CURRENT ASSETS
Stocks 10,000
Debtors 5 2,550
Cash at bank 63,557
76,107
CREDITORS
Amounts falling due within one year 6 50,633
NET CURRENT ASSETS 25,474
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,270

CREDITORS
Amounts falling due after more than one
year

7

(81,000

)

PROVISIONS FOR LIABILITIES (1,605 )
NET ASSETS 82,665

CAPITAL AND RESERVES
Called up share capital 4
Retained earnings 82,661
82,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2023 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.

Wheeliams Limited (Registered number: 13862496)

Balance Sheet - continued
30 April 2023


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 19 October 2023 and were signed on its behalf by:




Mr W Smith - Director



Mrs H Smith - Director


Wheeliams Limited (Registered number: 13862496)

Notes to the Financial Statements
for the Period 20 January 2022 to 30 April 2023

1. STATUTORY INFORMATION

Wheeliams 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

Wheeliams Limited (Registered number: 13862496)

Notes to the Financial Statements - continued
for the Period 20 January 2022 to 30 April 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 121,185 24,083 145,268
At 30 April 2023 121,185 24,083 145,268
DEPRECIATION
Charge for period - 5,472 5,472
At 30 April 2023 - 5,472 5,472
NET BOOK VALUE
At 30 April 2023 121,185 18,611 139,796

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 2,550

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 9,000
Trade creditors 1,117
Taxation and social security 30,092
Other creditors 10,424
50,633

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 81,000