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REGISTERED NUMBER: 13711654 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

WHEELSCAPE LTD

WHEELSCAPE LTD (REGISTERED NUMBER: 13711654)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHEELSCAPE LTD

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: J M Hewitt
E P L Hamilton
R A Heideman





SECRETARY: J M Hewitt





REGISTERED OFFICE: Ferrari House 258 Field End Road
Eastcote
Ruislip
Middlesex
HA4 9UU





REGISTERED NUMBER: 13711654 (England and Wales)





ACCOUNTANTS: Diverset Limited
Chartered Accountants
Ferrari House
258 Field End Road
Ruislip
Middlesex
HA4 9UU

WHEELSCAPE LTD (REGISTERED NUMBER: 13711654)

Balance Sheet
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,040 3,643

CURRENT ASSETS
Debtors 5 55,771 6,006
Cash at bank 26,396 5,225
82,167 11,231
CREDITORS
Amounts falling due within one year 6 68,583 12,865
NET CURRENT ASSETS/(LIABILITIES) 13,584 (1,634 )
TOTAL ASSETS LESS CURRENT LIABILITIES 19,624 2,009

PROVISIONS FOR LIABILITIES 1,148 -
NET ASSETS 18,476 2,009

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 17,476 1,009
18,476 2,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

WHEELSCAPE LTD (REGISTERED NUMBER: 13711654)

Balance Sheet - continued
31 OCTOBER 2023


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 by the Board of Directors and authorised for issue on 12 March 2024 and were signed on its behalf by:





J M Hewitt - Director


WHEELSCAPE LTD (REGISTERED NUMBER: 13711654)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Wheelscape Ltd 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.

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.

The directors have concluded that the company is and remains a going concern based on the directors continued support.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Taxation
Taxation for the year 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.

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 year 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.

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 year was 3 (2022 - 1 ) .

WHEELSCAPE LTD (REGISTERED NUMBER: 13711654)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 5,224
Additions 7,334
Disposals (3,300 )
At 31 October 2023 9,258
DEPRECIATION
At 1 November 2022 1,581
Charge for year 2,737
Eliminated on disposal (1,100 )
At 31 October 2023 3,218
NET BOOK VALUE
At 31 October 2023 6,040
At 31 October 2022 3,643

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 40,590 -
Amounts owed by group undertakings - 1,000
Other debtors 15,181 5,006
55,771 6,006

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 14,563 -
Taxation and social security 40,475 732
Other creditors 13,545 12,133
68,583 12,865

7. CONTINGENT LIABILITIES

When finalizing the accounts, an unresolved legal dispute has arisen regarding unpaid purchase invoices for goods and services claimed by a supplier. After seeking professional advice, the directors have determined that the £109,000 claimed is without merit and is not payable. As a result, the invoices have been excluded from the accounts, and this amount, which would have a material effect on the accounts and potentially the Company's viability.

WHEELSCAPE LTD (REGISTERED NUMBER: 13711654)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


8. ULTIMATE CONTROLLING PARTY

The controlling party is J M Hewitt.