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REGISTERED NUMBER: 14046120 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

BIG WHEELS TRAINING (UK) LTD

BIG WHEELS TRAINING (UK) LTD (REGISTERED NUMBER: 14046120)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 2


BIG WHEELS TRAINING (UK) LTD (REGISTERED NUMBER: 14046120)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,318 9,000
Tangible assets 5 40,359 51,780
48,677 60,780

CURRENT ASSETS
Debtors 6 20,136 20,636
Cash at bank 17,729 8,785
37,865 29,421
CREDITORS
Amounts falling due within one year 7 62,680 56,396
NET CURRENT LIABILITIES (24,815 ) (26,975 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,862

33,805

PROVISIONS FOR LIABILITIES 8 6,426 8,662
NET ASSETS 17,436 25,143

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 17,435 25,142
SHAREHOLDERS' FUNDS 17,436 25,143

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 31 January 2025 and were signed by:





S A Moor - Director


BIG WHEELS TRAINING (UK) LTD (REGISTERED NUMBER: 14046120)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Big Wheels Training (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14046120

Registered office: 8 Coates Court
Emneth
Wisbech
PE14 8BU

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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 2023, is being amortised evenly over its estimated useful life of ten 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.

Other intangible assets are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Computer equipment - 33% on cost

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

BIG WHEELS TRAINING (UK) LTD (REGISTERED NUMBER: 14046120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Debtors
Short term debtors are initially measured at transaction price less attributable costs. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

BIG WHEELS TRAINING (UK) LTD (REGISTERED NUMBER: 14046120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 May 2023 10,000 - 10,000
Additions - 335 335
At 30 April 2024 10,000 335 10,335
AMORTISATION
At 1 May 2023 1,000 - 1,000
Amortisation for year 1,000 17 1,017
At 30 April 2024 2,000 17 2,017
NET BOOK VALUE
At 30 April 2024 8,000 318 8,318
At 30 April 2023 9,000 - 9,000

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2023 62,500 545 63,045
Additions 5,100 667 5,767
Disposals (10,000 ) - (10,000 )
At 30 April 2024 57,600 1,212 58,812
DEPRECIATION
At 1 May 2023 11,250 15 11,265
Charge for year 9,042 313 9,355
Eliminated on disposal (2,167 ) - (2,167 )
At 30 April 2024 18,125 328 18,453
NET BOOK VALUE
At 30 April 2024 39,475 884 40,359
At 30 April 2023 51,250 530 51,780

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,136 20,636

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 442 240
Taxation and social security 7,001 5,736
Other creditors 55,237 50,420
62,680 56,396

BIG WHEELS TRAINING (UK) LTD (REGISTERED NUMBER: 14046120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,426 8,662

Deferred
tax
£   
Balance at 1 May 2023 8,662
Provided during year (2,236 )
Balance at 30 April 2024 6,426

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

10. RELATED PARTY DISCLOSURES

At the year end a director was owed £51,337 (2023 - £48,920).This loan is unsecured, interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The controlling party is S A Moor.