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REGISTERED NUMBER: 04189377 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Wheeler Fabrications Limited

Wheeler Fabrications Limited (Registered number: 04189377)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wheeler Fabrications Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M Ashford
Mrs E Onions





SECRETARY: Mrs E Onions





REGISTERED OFFICE: Bridge House
Unit 1 Moor Lane
Witton
Birmingham
West Midlands
B6 7HH





REGISTERED NUMBER: 04189377 (England and Wales)





ACCOUNTANTS: Clover Chartered Certified Accountants
6 Trinity Place
Midland Drive
Sutton Coldfield
West Midlands
B72 1TX

Wheeler Fabrications Limited (Registered number: 04189377)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 84,774 67,521
84,774 67,521

CURRENT ASSETS
Stocks 9,550 6,250
Debtors 6 116,329 60,659
Cash at bank and in hand 948 70,667
126,827 137,576
CREDITORS
Amounts falling due within one year 7 (136,941 ) (110,267 )
NET CURRENT (LIABILITIES)/ASSETS (10,114 ) 27,309
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,660

94,830

CREDITORS
Amounts falling due after more than one
year

8

(54,318

)

(58,480

)

PROVISIONS FOR LIABILITIES (20,317 ) (16,880 )
NET ASSETS 25 19,470

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 21 19,466
25 19,470

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Wheeler Fabrications Limited (Registered number: 04189377)

Balance Sheet - continued
30 June 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 9 September 2024 and were signed on its behalf by:





M Ashford - Director


Wheeler Fabrications Limited (Registered number: 04189377)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Wheeler Fabrications Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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 2001, is being amortised evenly over its estimated useful life of ten years.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Wheeler Fabrications Limited (Registered number: 04189377)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 60,000
AMORTISATION
At 1 July 2023
and 30 June 2024 60,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 226,717 5,743 6,800 11,788 251,048
Additions 40,902 1,900 - - 42,802
At 30 June 2024 267,619 7,643 6,800 11,788 293,850
DEPRECIATION
At 1 July 2023 161,813 3,900 6,417 11,397 183,527
Charge for year 24,537 529 96 387 25,549
At 30 June 2024 186,350 4,429 6,513 11,784 209,076
NET BOOK VALUE
At 30 June 2024 81,269 3,214 287 4 84,774
At 30 June 2023 64,904 1,843 383 391 67,521

Wheeler Fabrications Limited (Registered number: 04189377)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 110,330 54,748
Other debtors 5,999 5,911
116,329 60,659

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts (see note 9) 24,577 18,727
Trade creditors 46,329 31,709
Taxation and social security 56,421 56,760
Other creditors 9,614 3,071
136,941 110,267

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts (see note 9) 54,318 58,480

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.6.24 30.6.23
£    £   
Net obligations repayable:
Within one year 24,577 18,727
Between one and five years 54,318 58,480
78,895 77,207

Non-cancellable operating leases
30.6.24 30.6.23
£    £   
Within one year - 12,500
Between one and five years 77,000 -
77,000 12,500

10. ULTIMATE CONTROLLING PARTY

The controlling party is jointly the directors.