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REGISTERED NUMBER: 06081909 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

WHEEL BROKERS UK LTD

WHEEL BROKERS UK LTD (REGISTERED NUMBER: 06081909)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHEEL BROKERS UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mr M A Ewington
Mrs S Ewington





SECRETARY: Mrs S Ewington





REGISTERED OFFICE: Unit 12
Dencora Way
Luton
LU3 3HP





REGISTERED NUMBER: 06081909 (England and Wales)





ACCOUNTANTS: Stoten Gillam Limited
Chartered Accountants
Alban House
99 High Street South
Dunstable
Bedfordshire
LU6 3SF

WHEEL BROKERS UK LTD (REGISTERED NUMBER: 06081909)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 130,186 154,572

CURRENT ASSETS
Stocks 64,421 57,076
Debtors 4 353,406 127,876
Cash at bank 81,181 152,819
499,008 337,771
CREDITORS
Amounts falling due within one year 5 512,996 332,408
NET CURRENT (LIABILITIES)/ASSETS (13,988 ) 5,363
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,198

159,935

ACCRUALS AND DEFERRED INCOME 2,800 4,480
NET ASSETS 113,398 155,455

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 113,298 155,355
SHAREHOLDERS' FUNDS 113,398 155,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

WHEEL BROKERS UK LTD (REGISTERED NUMBER: 06081909)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 29 November 2024 and were signed on its behalf by:





Mr M A Ewington - Director


WHEEL BROKERS UK LTD (REGISTERED NUMBER: 06081909)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. 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 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.
Plant and machinery etc - 25% on reducing balance

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 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.

2. EMPLOYEES AND DIRECTORS

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

WHEEL BROKERS UK LTD (REGISTERED NUMBER: 06081909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 227,862
Additions 19,012
At 29 February 2024 246,874
DEPRECIATION
At 1 March 2023 73,290
Charge for year 43,398
At 29 February 2024 116,688
NET BOOK VALUE
At 29 February 2024 130,186
At 28 February 2023 154,572

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,000 47,984
Other debtors 341,406 79,892
353,406 127,876

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 36,273 83,743
Amounts owed to group undertakings 437,154 217,659
Taxation and social security 39,569 31,006
512,996 332,408

6. OTHER FINANCIAL COMMITMENTS

The financial commitments, guarantees and contingencies not recognised in the balance sheet arising from operating leases amounting to £268,960

WHEEL BROKERS UK LTD (REGISTERED NUMBER: 06081909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mr M A Ewington
Balance outstanding at start of year 49,583 (9,012 )
Amounts advanced 1,117 58,595
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,700 49,583