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REGISTERED NUMBER: 13184367 (England and Wales)











FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023

FOR

WHEELWRIGHT GROUP LIMITED

WHEELWRIGHT GROUP LIMITED (REGISTERED NUMBER: 13184367)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WHEELWRIGHT GROUP LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023







DIRECTORS: T J Hooker
D P Mcmillan
M S Thomson
A D Thomson





REGISTERED OFFICE: Wheelwright
Steelfields, Gads Hill, Owens Way
Gillingham
Kent
ME7 2RT





REGISTERED NUMBER: 13184367 (England and Wales)





AUDITORS: Haines Watts, Statutory Auditor
Chartered Accountants
The Lightbox
87 Castle Street
Reading
Berkshire
RG1 7SN

WHEELWRIGHT GROUP LIMITED (REGISTERED NUMBER: 13184367)

BALANCE SHEET
30 JUNE 2023

2023 2021
Notes £ £ £ £
FIXED ASSETS
Investments 4 4,240,438 4,240,438

CURRENT ASSETS
Debtors 5 308,433 33,294

CREDITORS
Amounts falling due within one year 6 3,089,693 2,685,752
NET CURRENT LIABILITIES (2,781,260 ) (2,652,458 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,459,178

1,587,980

CREDITORS
Amounts falling due after more than one
year

7

1,216,458

1,445,754
NET ASSETS 242,720 142,226

CAPITAL AND RESERVES
Called up share capital 9 250,000 250,000
Retained earnings (7,280 ) (107,774 )
SHAREHOLDERS' FUNDS 242,720 142,226

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 and authorised for issue by the Board of Directors and authorised for issue on 13 March 2024 and were signed on its behalf by:





M S Thomson - Director


WHEELWRIGHT GROUP LIMITED (REGISTERED NUMBER: 13184367)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023


1. STATUTORY INFORMATION

Wheelwright Group 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 (£).


The financial statements are rounded to the nearest £.

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.

Going Concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Preparation of consolidated financial statements
The financial statements contain information about Wheelwright Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


WHEELWRIGHT GROUP LIMITED (REGISTERED NUMBER: 13184367)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 14 (2021 - 13 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 January 2022
and 30 June 2023 4,240,438
NET BOOK VALUE
At 30 June 2023 4,240,438
At 31 December 2021 4,240,438

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£ £
Amounts owed by group undertakings 300,000 -
Other debtors 8,433 33,294
308,433 33,294

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£ £
Bank loans and overdrafts 208,059 227,846
Amounts owed to group undertakings 2,871,180 2,446,900
Other creditors 10,454 11,006
3,089,693 2,685,752

WHEELWRIGHT GROUP LIMITED (REGISTERED NUMBER: 13184367)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2021
£ £
Bank loans 672,018 916,587
Other creditors 544,440 529,167
1,216,458 1,445,754

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 81,441

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2021
£ £
Bank loans 880,077 1,144,433

Loans are secured by a fix and floating rate charge over the group's assets.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2021
value: £ £
1,500 Ordinary £100 150,000 150,000
1,000 Ordinary A £100 100,000 100,000
250,000 250,000

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Newbold FCA (Senior Statutory Auditor)
for and on behalf of Haines Watts, Statutory Auditor

11. CONTINGENT LIABILITIES

A fixed and floating rate charge is held against the Company by the way of guarantee over a loan held in a subsidiary undertaking.

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

WHEELWRIGHT GROUP LIMITED (REGISTERED NUMBER: 13184367)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023


13. ULTIMATE CONTROLLING PARTY

The company is controlled by the shareholders. No individual shareholder has overall control.