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REGISTERED NUMBER: 04696280















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Wheelers Estate Agents Ltd

Wheelers Estate Agents Ltd (Registered number: 04696280)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wheelers Estate Agents Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J S Wheeler





SECRETARY: GT Thompson





REGISTERED OFFICE: 119 Islingword Road
Brighton
East Sussex
BN2 9SG





REGISTERED NUMBER: 04696280





ACCOUNTANTS: G T Accounting
34 Falaise
West Quay
Newhaven
East Sussex
BN9 9GG

Wheelers Estate Agents Ltd (Registered number: 04696280)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,000 15,000
Tangible assets 5 389 982
15,389 15,982

CURRENT ASSETS
Debtors 6 1,300 2,217
Cash at bank 244,843 292,496
246,143 294,713
CREDITORS
Amounts falling due within one year 7 99,675 107,820
NET CURRENT ASSETS 146,468 186,893
TOTAL ASSETS LESS CURRENT
LIABILITIES

161,857

202,875

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 161,855 202,873
SHAREHOLDERS' FUNDS 161,857 202,875

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 director acknowledges his 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 2 December 2024 and were signed by:




J S Wheeler - Director


Wheelers Estate Agents Ltd (Registered number: 04696280)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Wheelers Estate Agents Ltd is a private company, limited by shares , registered in Not specified/Other. 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 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 0, is being amortised evenly over its estimated useful life of nil 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 each asset over its estimated useful life.
Plant and machinery etc - 33% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 NIL (2023 - 5 ).

Wheelers Estate Agents Ltd (Registered number: 04696280)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 15,000
NET BOOK VALUE
At 31 March 2024 15,000
At 31 March 2023 15,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 22,038
DEPRECIATION
At 1 April 2023 21,056
Charge for year 593
At 31 March 2024 21,649
NET BOOK VALUE
At 31 March 2024 389
At 31 March 2023 982

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 1,300 2,217

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,819 2,458
Taxation and social security 9,844 22,081
Other creditors 88,012 83,281
99,675 107,820