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REGISTERED NUMBER: 07053903 (England and Wales)















CENTRAL WHEEL COMPONENTS (HOLDINGS)
LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






CENTRAL WHEEL COMPONENTS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 07053903)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 MARCH 2024










Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


CENTRAL WHEEL COMPONENTS (HOLDINGS)
LIMITED

COMPANY INFORMATION
For The Year Ended 31 MARCH 2024







DIRECTORS: W G Harding
Mrs B Harding
Mrs F Harding





REGISTERED OFFICE: 8-9 Station Road
Coleshill
Birmingham
West Midlands
B46 1HT





REGISTERED NUMBER: 07053903 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

CENTRAL WHEEL COMPONENTS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 07053903)

REPORT OF THE DIRECTORS
For The Year Ended 31 MARCH 2024


The directors present their report with the financial statements of the company for the year ended 31 March 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

W G Harding
Mrs B Harding
Mrs F Harding

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





W G Harding - Director


19 September 2024

CENTRAL WHEEL COMPONENTS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 07053903)

INCOME STATEMENT
For The Year Ended 31 MARCH 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER 6,972 7,049

Administrative expenses 10,624 10,561
OPERATING LOSS 4 (3,652 ) (3,512 )

Income from shares in group undertakings - 250,000
(LOSS)/PROFIT BEFORE TAXATION (3,652 ) 246,488

Tax on (loss)/profit (2,390 ) 31,448
(LOSS)/PROFIT FOR THE FINANCIAL YEAR (1,262 ) 215,040

CENTRAL WHEEL COMPONENTS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 07053903)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 544,850 554,411
Investments 6 6,600 6,600
Investment property 7 116,900 116,900
668,350 677,911

CURRENT ASSETS
Debtors 8 825,425 884,539

CREDITORS
Amounts falling due within one year 9 13,659 10,682
NET CURRENT ASSETS 811,766 873,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,480,116

1,551,768

PROVISIONS FOR LIABILITIES 136,213 138,603
NET ASSETS 1,343,903 1,413,165

CAPITAL AND RESERVES
Called up share capital 6,600 6,600
Retained earnings 1,337,303 1,406,565
SHAREHOLDERS' FUNDS 1,343,903 1,413,165

CENTRAL WHEEL COMPONENTS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 07053903)

BALANCE SHEET - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





W G Harding - Director


CENTRAL WHEEL COMPONENTS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 07053903)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 MARCH 2024


1. STATUTORY INFORMATION

Central Wheel Components (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.

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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 4% on a straight line basis

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

CENTRAL WHEEL COMPONENTS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 07053903)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 MARCH 2024


4. OPERATING LOSS

The operating loss is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets 9,561 9,560

5. TANGIBLE FIXED ASSETS
Freehold
prop
£   
COST
At 1 April 2023
and 31 March 2024 650,000
DEPRECIATION
At 1 April 2023 95,589
Charge for year 9,561
At 31 March 2024 105,150
NET BOOK VALUE
At 31 March 2024 544,850
At 31 March 2023 554,411

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 6,600
NET BOOK VALUE
At 31 March 2024 6,600
At 31 March 2023 6,600

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 116,900
NET BOOK VALUE
At 31 March 2024 116,900
At 31 March 2023 116,900

CENTRAL WHEEL COMPONENTS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 07053903)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 MARCH 2024


7. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2018 116,900

The investment properties were valued on an open market basis on 31 March 2018 by W Harding (Director) .

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 825,425 884,539

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 13,659 10,682

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
W G Harding
Balance outstanding at start of year (973 ) 203,434
Amounts repaid - (204,407 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (973 ) (973 )

11. ULTIMATE CONTROLLING PARTY

The controlling party is W G Harding.