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Company Registration No. 09657577 (England and Wales)
Uniwheel Limited Unaudited accounts for the year ended 31 March 2024
Uniwheel Limited Unaudited accounts Contents
Page
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Uniwheel Limited Company Information for the year ended 31 March 2024
Director
Inam Bhatti
Company Number
09657577 (England and Wales)
Registered Office
ALDWORTH HOUSE TENNYSONS LANE HASLEMERE SURREY GU27 3BJ UNITED KINGDOM
Accountants
Thames Hill Limited 38 Ratcliff Road London E7 8DD
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Uniwheel Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
76,195 
69,686 
Tangible assets
28,292 
28,292 
104,487 
97,978 
Current assets
Inventories
236,045 
236,045 
Debtors
333,552 
294,681 
Cash at bank and in hand
(6,339)
5 
563,258 
530,731 
Creditors: amounts falling due within one year
(715)
(25,456)
Net current assets
562,543 
505,275 
Total assets less current liabilities
667,030 
603,253 
Creditors: amounts falling due after more than one year
(2,710,417)
(2,589,298)
Net liabilities
(2,043,387)
(1,986,045)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(2,043,397)
(1,986,055)
Shareholders' funds
(2,043,387)
(1,986,045)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 December 2024 and were signed on its behalf by
Inam Bhatti Director Company Registration No. 09657577
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Uniwheel Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Uniwheel Limited is a private company, limited by shares, registered in England and Wales, registration number 09657577. The registered office is ALDWORTH HOUSE, TENNYSONS LANE, HASLEMERE, SURREY, GU27 3BJ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20
Computer equipment
20
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation at 3% on cost.
Going concern
These financial statements have been prepared on the going concern basis. The directors have reviewed the state of the business and discussed this with the shareholder. It has been confirmed that support will remain in place from the shareholder and he will not recall his loan for at least 12 months after the signing of these financial statements. It is therefore the directors opinion that the business remains a going concern
Pension costs
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
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Uniwheel Limited Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
79,994 
Additions
6,509 
At 31 March 2024
86,503 
Amortisation
At 1 April 2023
10,308 
At 31 March 2024
10,308 
Net book value
At 31 March 2024
76,195 
At 31 March 2023
69,686 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
84,236 
At 31 March 2024
84,236 
Depreciation
At 1 April 2023
55,944 
At 31 March 2024
55,944 
Net book value
At 31 March 2024
28,292 
At 31 March 2023
28,292 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
11,573 
11,660 
Amounts due from group undertakings etc.
321,979 
- 
333,552 
11,660 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
- 
283,021 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
975 
1,764 
Taxes and social security
(79)
5,661 
Other creditors
(181)
18,031 
715 
25,456 
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Uniwheel Limited Notes to the Accounts for the year ended 31 March 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
2,710,417 
2,589,298 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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