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REGISTERED NUMBER: 07392548 (England and Wales)











FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023

FOR

WHEELWRIGHT (HOLDINGS) LIMITED

WHEELWRIGHT (HOLDINGS) LIMITED (REGISTERED NUMBER: 07392548)

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 (HOLDINGS) 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: Steelfields Gads Hill
Owens Way
Gillingham
Kent
ME7 2RT





REGISTERED NUMBER: 07392548 (England and Wales)





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

WHEELWRIGHT (HOLDINGS) LIMITED (REGISTERED NUMBER: 07392548)

BALANCE SHEET
30 JUNE 2023

2023 2021
Notes £ £ £ £
FIXED ASSETS
Investments 4 110,000 110,000

CURRENT ASSETS
Debtors 5 1,644,520 1,763,757
Cash at bank - 101
1,644,520 1,763,858
CREDITORS
Amounts falling due within one year 6 1,745,845 1,563,865
NET CURRENT (LIABILITIES)/ASSETS (101,325 ) 199,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,675

309,993

CAPITAL AND RESERVES
Called up share capital 7 2,100 2,100
Retained earnings 6,575 307,893
SHAREHOLDERS' FUNDS 8,675 309,993

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 (HOLDINGS) LIMITED (REGISTERED NUMBER: 07392548)

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


1. STATUTORY INFORMATION

Wheelwright (Holdings) 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 (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Wheelwright Group Limited, Steelfields, Gads Hill, Owens Way, Gillingham, Kent, ME7 2RT, UK.

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 (HOLDINGS) LIMITED (REGISTERED NUMBER: 07392548)

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.

Interest income
Interest income is recognised in profit or loss using the effective interest method.

Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value , net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are high liquid investments that mature in mo more than three months from the date of aquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3. EMPLOYEES AND DIRECTORS

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

WHEELWRIGHT (HOLDINGS) LIMITED (REGISTERED NUMBER: 07392548)

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


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 January 2022
and 30 June 2023 110,000
NET BOOK VALUE
At 30 June 2023 110,000
At 31 December 2021 110,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£ £
Amounts owed by group undertakings 1,644,497 1,644,497
Other debtors 23 119,260
1,644,520 1,763,757

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£ £
Amounts owed to group undertakings 1,742,065 1,558,469
Other creditors 3,780 5,396
1,745,845 1,563,865

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2021
value: £ £
2,000 Ordinary £1 2,000 2,000
100 Ordinary A £1 100 100
2,100 2,100

8. 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

WHEELWRIGHT (HOLDINGS) LIMITED (REGISTERED NUMBER: 07392548)

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


9. CONTINGENT LIABILITIES

A fixed and floating rate charge is held against the Company by the way of guarantee over the loan held in Wheelwright limited.

10. RELATED PARTY TRANSACTIONS

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.

11. CONTROLLING PARTY

The ultimate parent company was Wheelwright Group Limited, a company registered in England and Wales.

Wheelwright Group Limited prepares consolidated financial statements. Copies can be obtained from the registered office Steelfields, Gads Hill, Owens Way, Gillingham, Kent, ME7 2RT.