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Company Registration No. 11818571 (England and Wales)
Wheel Smart North West Ltd Unaudited accounts for the year ended 28 February 2023
Wheel Smart North West Ltd Unaudited accounts Contents
Page
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Wheel Smart North West Ltd Company Information for the year ended 28 February 2023
Directors
Mr J Thompson Mrs K Thompson
Company Number
11818571 (England and Wales)
Registered Office
12 Priory Way Barnoldswick Lancashire BB18 5HJ
Accountants
Starling Financials Ltd Royds Farm Harden Road Kelbrook Lancashire BB18 6TS
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Wheel Smart North West Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,672 
3,108 
Current assets
Cash at bank and in hand
3,731 
5,988 
Creditors: amounts falling due within one year
(11,861)
4,229 
Net current (liabilities)/assets
(8,130)
10,217 
Net (liabilities)/assets
(4,458)
13,325 
Capital and reserves
Profit and loss account
(4,458)
13,325 
Shareholders' funds
(4,458)
13,325 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by
Mr J Thompson Director Company Registration No. 11818571
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Wheel Smart North West Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Wheel Smart North West Ltd is a private company, limited by shares, registered in England and Wales, registration number 11818571. The registered office is 12 Priory Way, Barnoldswick, Lancashire, BB18 5HJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Computer equipment
33% Straight Line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
2,483 
- 
956 
3,439 
Additions
- 
1,685 
- 
1,685 
At 28 February 2023
2,483 
1,685 
956 
5,124 
Depreciation
At 1 March 2022
(197)
- 
528 
331 
Charge for the year
572 
421 
128 
1,121 
At 28 February 2023
375 
421 
656 
1,452 
Net book value
At 28 February 2023
2,108 
1,264 
300 
3,672 
At 28 February 2022
2,680 
- 
428 
3,108 
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Wheel Smart North West Ltd Notes to the Accounts for the year ended 28 February 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,966 
(5,966)
VAT
2,827 
883 
Taxes and social security
13,068 
10,854 
Loans from directors
(10,000)
(10,000)
11,861 
(4,229)
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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