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REGISTERED NUMBER: 13184367 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

WHEELWRIGHT GROUP LIMITED

WHEELWRIGHT GROUP LIMITED (REGISTERED NUMBER: 13184367)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WHEELWRIGHT GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: T J Hooker
D P Mcmillan
M S Thomson
A D Thomson





REGISTERED OFFICE: Wheelwright
Steelfields, Gads Hill, Owens Way
Gillingham
Kent
ME7 2RT





REGISTERED NUMBER: 13184367 (England and Wales)





AUDITORS: Cooper Parry Group Limited
Statutory Auditor
First Floor, Davidson House
Forbury Square
Reading
Berkshire
RG1 3EU

WHEELWRIGHT GROUP LIMITED (REGISTERED NUMBER: 13184367)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 4,240,438 4,240,438

CURRENT ASSETS
Debtors 5 37,482 308,433

CREDITORS
Amounts falling due within one year 6 3,209,237 3,089,693
NET CURRENT LIABILITIES (3,171,755 ) (2,781,260 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,068,683

1,459,178

CREDITORS
Amounts falling due after more than one
year

7

913,110

1,216,458
NET ASSETS 155,573 242,720

CAPITAL AND RESERVES
Called up share capital 9 250,000 250,000
Retained earnings (94,427 ) (7,280 )
SHAREHOLDERS' FUNDS 155,573 242,720

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 and authorised for issue by the Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:





M S Thomson - Director


WHEELWRIGHT GROUP LIMITED (REGISTERED NUMBER: 13184367)

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


1. STATUTORY INFORMATION

Wheelwright Group 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 (£).


The financial statements are rounded to the nearest £.

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.

Going Concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Preparation of consolidated financial statements
The financial statements contain information about Wheelwright Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.


WHEELWRIGHT GROUP LIMITED (REGISTERED NUMBER: 13184367)

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


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 14 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 July 2023
and 30 June 2024 4,240,438
NET BOOK VALUE
At 30 June 2024 4,240,438
At 30 June 2023 4,240,438

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed by group undertakings - 300,000
Other debtors 37,482 8,433
37,482 308,433

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 369,776 208,059
Amounts owed to group undertakings 2,831,486 2,871,180
Other creditors 7,975 10,454
3,209,237 3,089,693

WHEELWRIGHT GROUP LIMITED (REGISTERED NUMBER: 13184367)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 335,910 672,018
Other creditors 577,200 544,440
913,110 1,216,458

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 705,686 880,077

Loans are secured by a fix and floating rate charge over the group's assets.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,500 Ordinary £100 150,000 150,000
1,000 Ordinary A £100 100,000 100,000
250,000 250,000

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Newbold FCA (Senior Statutory Auditor)
for and on behalf of Cooper Parry Group Limited

11. CONTINGENT LIABILITIES

A fixed and floating rate charge is held against the Company by the way of guarantee over a loan held in a subsidiary undertaking.

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. ULTIMATE CONTROLLING PARTY

The company is controlled by the shareholders. No individual shareholder has overall control.