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REGISTERED NUMBER: 07825344 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 10 DECEMBER 2022 TO 31 DECEMBER 2023

FOR

ALL WHEELS ALLOY LTD

ALL WHEELS ALLOY LTD (REGISTERED NUMBER: 07825344)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 10 DECEMBER 2022 TO 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALL WHEELS ALLOY LTD

COMPANY INFORMATION
FOR THE PERIOD 10 DECEMBER 2022 TO 31 DECEMBER 2023







DIRECTORS: Mrs K Stalanowska
A Stalanowski





REGISTERED OFFICE: Unit 9 Ashmount Business Pk
Upper Fforest Way
Swansea Enterprise Park
Swansea
West Glamorgan
SA6 8QR





REGISTERED NUMBER: 07825344 (England and Wales)





ACCOUNTANTS: DAVID WRIGHT ACCOUNTANTS LIMITED
Unit 10
Bridgend Business Park
Bennett Street
Bridgend
Glamorgan
CF31 3SH

ALL WHEELS ALLOY LTD (REGISTERED NUMBER: 07825344)

BALANCE SHEET
31 DECEMBER 2023

31/12/23 9/12/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 109,030 52,842
109,030 52,842

CURRENT ASSETS
Stocks 10,000 12,000
Debtors 6 18,840 9,162
Cash at bank and in hand 46,730 292,513
75,570 313,675
CREDITORS
Amounts falling due within one year 7 78,693 70,857
NET CURRENT (LIABILITIES)/ASSETS (3,123 ) 242,818
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,907

295,660

CREDITORS
Amounts falling due after more than one year 8 (64,610 ) (24,814 )

PROVISIONS FOR LIABILITIES (11,022 ) (8,065 )
NET ASSETS 30,275 262,781

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 30,273 262,779
SHAREHOLDERS' FUNDS 30,275 262,781

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

ALL WHEELS ALLOY LTD (REGISTERED NUMBER: 07825344)

BALANCE SHEET - continued
31 DECEMBER 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 23 September 2024 and were signed on its behalf by:





A Stalanowski - Director


ALL WHEELS ALLOY LTD (REGISTERED NUMBER: 07825344)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 10 DECEMBER 2022 TO 31 DECEMBER 2023


1. STATUTORY INFORMATION

All Wheels Alloy 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Turnover is recognised upon raising an invoice when the service is provided.

Intangible fixed assets
The intangible fixed asset relates to a franchise licence and is being amortised evenly over the length of the initial franchise agreement of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - at variable rates on reducing balance and at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

ALL WHEELS ALLOY LTD (REGISTERED NUMBER: 07825344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 10 DECEMBER 2022 TO 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 10 December 2022
and 31 December 2023 34,997
AMORTISATION
At 10 December 2022
and 31 December 2023 34,997
NET BOOK VALUE
At 31 December 2023 -
At 9 December 2022 -

ALL WHEELS ALLOY LTD (REGISTERED NUMBER: 07825344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 10 DECEMBER 2022 TO 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 10 December 2022 46,185 136,397 6,035
Additions 1,110 22,135 -
At 31 December 2023 47,295 158,532 6,035
DEPRECIATION
At 10 December 2022 25,151 115,715 5,659
Charge for period 2,159 8,702 240
At 31 December 2023 27,310 124,417 5,899
NET BOOK VALUE
At 31 December 2023 19,985 34,115 136
At 9 December 2022 21,034 20,682 376

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 10 December 2022 60,202 5,932 254,751
Additions 45,495 2,564 71,304
At 31 December 2023 105,697 8,496 326,055
DEPRECIATION
At 10 December 2022 49,452 5,932 201,909
Charge for period 3,635 380 15,116
At 31 December 2023 53,087 6,312 217,025
NET BOOK VALUE
At 31 December 2023 52,610 2,184 109,030
At 9 December 2022 10,750 - 52,842

ALL WHEELS ALLOY LTD (REGISTERED NUMBER: 07825344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 10 DECEMBER 2022 TO 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
Additions 21,495 45,495 66,990
At 31 December 2023 21,495 45,495 66,990
DEPRECIATION
Charge for period 1,147 948 2,095
At 31 December 2023 1,147 948 2,095
NET BOOK VALUE
At 31 December 2023 20,348 44,547 64,895

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 9/12/22
£    £   
Trade debtors 12,223 3,213
Other debtors 6,617 5,949
18,840 9,162

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 9/12/22
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts (see note 9) 5,678 -
Trade creditors 18,551 11,624
Taxation and social security 26,750 33,874
Other creditors 17,066 14,711
78,693 70,857

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 9/12/22
£    £   
Bank loans 14,269 24,814
Hire purchase contracts (see note 9) 50,341 -
64,610 24,814

ALL WHEELS ALLOY LTD (REGISTERED NUMBER: 07825344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 10 DECEMBER 2022 TO 31 DECEMBER 2023


9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31/12/23 9/12/22
£    £   
Gross obligations repayable:
Within one year 13,254 -
Between one and five years 58,650 -
71,904 -

Finance charges repayable:
Within one year 7,576 -
Between one and five years 8,309 -
15,885 -

Net obligations repayable:
Within one year 5,678 -
Between one and five years 50,341 -
56,019 -

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 31 December 2023 and 9 December 2022:

31/12/23 9/12/22
£    £   
M Gregson-Allcott
Balance outstanding at start of period - 65,408
Amounts advanced - 170,957
Amounts repaid - (236,365 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - -