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REGISTERED NUMBER: 14046120 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 13 APRIL 2022 TO 30 APRIL 2023

FOR

BIG WHEELS TRAINING (UK) LTD

BIG WHEELS TRAINING (UK) LTD (REGISTERED NUMBER: 14046120)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 13 APRIL 2022 TO 30 APRIL 2023










Page

Statement of Financial Position 1

Notes to the Financial Statements 2


BIG WHEELS TRAINING (UK) LTD (REGISTERED NUMBER: 14046120)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 9,000
Tangible assets 5 51,780
60,780

CURRENT ASSETS
Debtors 6 20,636
Cash at bank 8,785
29,421
CREDITORS
Amounts falling due within one year 7 56,397
NET CURRENT LIABILITIES (26,976 )
TOTAL ASSETS LESS CURRENT LIABILITIES 33,804

PROVISIONS FOR LIABILITIES 8 8,661
NET ASSETS 25,143

CAPITAL AND RESERVES
Called up share capital 9 1
Retained earnings 25,142
SHAREHOLDERS' FUNDS 25,143

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 27 August 2024 and were signed by:



S A Moor - Director


BIG WHEELS TRAINING (UK) LTD (REGISTERED NUMBER: 14046120)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 13 APRIL 2022 TO 30 APRIL 2023


1. STATUTORY INFORMATION

Big Wheels Training (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14046120

Registered office: 8 Coates Court
Emneth
Wisbech
PE14 8BU

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Computer equipment - 33% on cost

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

BIG WHEELS TRAINING (UK) LTD (REGISTERED NUMBER: 14046120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 13 APRIL 2022 TO 30 APRIL 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. 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.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

BIG WHEELS TRAINING (UK) LTD (REGISTERED NUMBER: 14046120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 13 APRIL 2022 TO 30 APRIL 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 10,000
At 30 April 2023 10,000
AMORTISATION
Amortisation for period 1,000
At 30 April 2023 1,000
NET BOOK VALUE
At 30 April 2023 9,000

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
Additions 62,500 545 63,045
At 30 April 2023 62,500 545 63,045
DEPRECIATION
Charge for period 11,250 15 11,265
At 30 April 2023 11,250 15 11,265
NET BOOK VALUE
At 30 April 2023 51,250 530 51,780

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 20,636

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 241
Taxation and social security 5,736
Other creditors 50,420
56,397

8. PROVISIONS FOR LIABILITIES
£   
Deferred tax
Accelerated capital allowances 12,945
Tax losses carried forward (4,284 )
8,661

BIG WHEELS TRAINING (UK) LTD (REGISTERED NUMBER: 14046120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 13 APRIL 2022 TO 30 APRIL 2023


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Accelerated capital allowances 12,945
Tax losses carried forward (4,284 )
Balance at 30 April 2023 8,661

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1 1

10. RELATED PARTY DISCLOSURES

At the year end a director was owed £48,920. This loan is unsecured, interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The controlling party is S A Moor.