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REGISTERED NUMBER: 02844111 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 29 NOVEMBER 2021 TO 29 NOVEMBER 2022

FOR

BEDFORD WHEELS LIMITED

BEDFORD WHEELS LIMITED (REGISTERED NUMBER: 02844111)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 NOVEMBER 2021 TO 29 NOVEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEDFORD WHEELS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 29 NOVEMBER 2021 TO 29 NOVEMBER 2022







DIRECTOR: P H Collins





REGISTERED OFFICE: 56 College Street
Kempston
Bedford
Bedfordshire
MK42 8LU





REGISTERED NUMBER: 02844111 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

BEDFORD WHEELS LIMITED (REGISTERED NUMBER: 02844111)

BALANCE SHEET
29 NOVEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,604 24,589

CURRENT ASSETS
Stocks 11,200 10,000
Debtors 5 97,835 76,880
Cash at bank and in hand 20,309 21,697
129,344 108,577
CREDITORS
Amounts falling due within one year 6 119,006 91,889
NET CURRENT ASSETS 10,338 16,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,942

41,277

CREDITORS
Amounts falling due after more than one
year

7

28,188

39,091
NET ASSETS 4,754 2,186

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 4,752 2,184
SHAREHOLDERS' FUNDS 4,754 2,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 November 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BEDFORD WHEELS LIMITED (REGISTERED NUMBER: 02844111)

BALANCE SHEET - continued
29 NOVEMBER 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2023 and were signed by:





P H Collins - Director


BEDFORD WHEELS LIMITED (REGISTERED NUMBER: 02844111)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 NOVEMBER 2021 TO 29 NOVEMBER 2022


1. STATUTORY INFORMATION

Bedford Wheels 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.

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.
Short leasehold - at varying rates on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 Statement of Income and Retained Earnings, 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.

BEDFORD WHEELS LIMITED (REGISTERED NUMBER: 02844111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 NOVEMBER 2021 TO 29 NOVEMBER 2022


2. ACCOUNTING POLICIES - continued

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 5 (2021 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 29 November 2021 15,566 27,177 13,052
Additions - 4,808 -
At 29 November 2022 15,566 31,985 13,052
DEPRECIATION
At 29 November 2021 15,566 20,244 5,924
Charge for period - 2,603 1,782
At 29 November 2022 15,566 22,847 7,706
NET BOOK VALUE
At 29 November 2022 - 9,138 5,346
At 28 November 2021 - 6,933 7,128

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 29 November 2021 26,515 8,084 90,394
Additions - 239 5,047
At 29 November 2022 26,515 8,323 95,441
DEPRECIATION
At 29 November 2021 18,079 5,992 65,805
Charge for period 2,109 538 7,032
At 29 November 2022 20,188 6,530 72,837
NET BOOK VALUE
At 29 November 2022 6,327 1,793 22,604
At 28 November 2021 8,436 2,092 24,589

BEDFORD WHEELS LIMITED (REGISTERED NUMBER: 02844111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 NOVEMBER 2021 TO 29 NOVEMBER 2022


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 18,551 9,676
Other debtors 79,284 67,204
97,835 76,880

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 18,126 10,909
Trade creditors 45,097 32,844
Taxation and social security 52,613 42,130
Other creditors 3,170 6,006
119,006 91,889

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 28,188 39,091

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
2 Ordinary 1 2 2

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 29 November 2022 and the year ended 28 November 2021:

2022 2021
£    £   
P H Collins
Balance outstanding at start of period 59,039 33,975
Amounts advanced 56,830 110,830
Amounts repaid (63,962 ) (85,766 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 51,907 59,039