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
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
Wheel Smart North West Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
3,672
3,108
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
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
Wheel Smart North West Ltd
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 28 February 2023
2,483
1,685
956
5,124
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
At 28 February 2023
2,108
1,264
300
3,672
At 28 February 2022
2,680
-
428
3,108
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)
Taxes and social security
13,068
10,854
Loans from directors
(10,000)
(10,000)
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Average number of employees
During the year the average number of employees was 0 (2022: 0).