WALTERS WHEELS LIMITED

Company Registration Number:
11289893 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

WALTERS WHEELS LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

WALTERS WHEELS LIMITED

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 183 245
Total fixed assets: 183 245
Current assets
Stocks: 73,270 94,085
Debtors:   840 0
Cash at bank and in hand: 35,937 8,984
Total current assets: 110,047 103,069
Creditors: amounts falling due within one year:   (70,582) (80,673)
Net current assets (liabilities): 39,465 22,396
Total assets less current liabilities: 39,648 22,641
Provision for liabilities: (35) (46)
Total net assets (liabilities): 39,613 22,595
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 39,513 22,495
Shareholders funds: 39,613 22,595

The notes form part of these financial statements

WALTERS WHEELS LIMITED

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 January 2025
and signed on behalf of the board by:

Name: Mr M A Walters
Status: Director

The notes form part of these financial statements

WALTERS WHEELS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:- Computers 25% Reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss

WALTERS WHEELS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

WALTERS WHEELS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible Assets

Total
Cost £
At 01 May 2023 1,030
At 30 April 2024 1,030
Depreciation
At 01 May 2023 785
Charge for year 62
At 30 April 2024 847
Net book value
At 30 April 2024 183
At 30 April 2023 245