2023-07-092024-07-312024-07-31false14990448TIMELESSWHEELS LIMITED2025-03-2845112falseiso4217:GBPxbrli:pure149904482023-07-09149904482024-07-31149904482023-07-092024-07-31149904482023-07-08149904482023-07-08149904482023-07-082023-07-0814990448bus:SmallEntities2023-07-092024-07-3114990448bus:AuditExempt-NoAccountantsReport2023-07-092024-07-3114990448bus:AbridgedAccounts2023-07-092024-07-3114990448bus:PrivateLimitedCompanyLtd2023-07-092024-07-3114990448core:WithinOneYear2024-07-3114990448core:AfterOneYear2024-07-3114990448core:WithinOneYear2023-07-0814990448core:AfterOneYear2023-07-0814990448core:ShareCapital2024-07-3114990448core:SharePremium2024-07-3114990448core:RevaluationReserve2024-07-3114990448core:OtherReservesSubtotal2024-07-3114990448core:RetainedEarningsAccumulatedLosses2024-07-3114990448core:ShareCapital2023-07-0814990448core:SharePremium2023-07-0814990448core:RevaluationReserve2023-07-0814990448core:OtherReservesSubtotal2023-07-0814990448core:RetainedEarningsAccumulatedLosses2023-07-0814990448core:LandBuildings2024-07-3114990448core:PlantMachinery2024-07-3114990448core:Vehicles2024-07-3114990448core:FurnitureFittings2024-07-3114990448core:OfficeEquipment2024-07-3114990448core:NetGoodwill2024-07-3114990448core:IntangibleAssetsOtherThanGoodwill2024-07-3114990448core:ListedExchangeTraded2024-07-3114990448core:UnlistedNon-exchangeTraded2024-07-3114990448core:LandBuildings2023-07-0814990448core:PlantMachinery2023-07-0814990448core:Vehicles2023-07-0814990448core:FurnitureFittings2023-07-0814990448core:OfficeEquipment2023-07-0814990448core:NetGoodwill2023-07-0814990448core:IntangibleAssetsOtherThanGoodwill2023-07-0814990448core:ListedExchangeTraded2023-07-0814990448core:UnlistedNon-exchangeTraded2023-07-0814990448core:LandBuildings2023-07-092024-07-3114990448core:PlantMachinery2023-07-092024-07-3114990448core:Vehicles2023-07-092024-07-3114990448core:FurnitureFittings2023-07-092024-07-3114990448core:OfficeEquipment2023-07-092024-07-3114990448core:NetGoodwill2023-07-092024-07-3114990448core:IntangibleAssetsOtherThanGoodwill2023-07-092024-07-3114990448core:ListedExchangeTraded2023-07-092024-07-3114990448core:UnlistedNon-exchangeTraded2023-07-092024-07-3114990448core:MoreThanFiveYears2023-07-092024-07-3114990448core:Non-currentFinancialInstruments2024-07-3114990448core:Non-currentFinancialInstruments2023-07-0814990448dpl:CostSales2023-07-092024-07-3114990448dpl:DistributionCosts2023-07-092024-07-3114990448core:LandBuildings2023-07-092024-07-3114990448core:PlantMachinery2023-07-092024-07-3114990448core:Vehicles2023-07-092024-07-3114990448core:FurnitureFittings2023-07-092024-07-3114990448core:OfficeEquipment2023-07-092024-07-3114990448dpl:AdministrativeExpenses2023-07-092024-07-3114990448core:NetGoodwill2023-07-092024-07-3114990448core:IntangibleAssetsOtherThanGoodwill2023-07-092024-07-3114990448dpl:GroupUndertakings2023-07-092024-07-3114990448dpl:ParticipatingInterests2023-07-092024-07-3114990448dpl:GroupUndertakingscore:ListedExchangeTraded2023-07-092024-07-3114990448core:ListedExchangeTraded2023-07-092024-07-3114990448dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-07-092024-07-3114990448core:UnlistedNon-exchangeTraded2023-07-092024-07-3114990448dpl:CostSales2023-07-082023-07-0814990448dpl:DistributionCosts2023-07-082023-07-0814990448core:LandBuildings2023-07-082023-07-0814990448core:PlantMachinery2023-07-082023-07-0814990448core:Vehicles2023-07-082023-07-0814990448core:FurnitureFittings2023-07-082023-07-0814990448core:OfficeEquipment2023-07-082023-07-0814990448dpl:AdministrativeExpenses2023-07-082023-07-0814990448core:NetGoodwill2023-07-082023-07-0814990448core:IntangibleAssetsOtherThanGoodwill2023-07-082023-07-0814990448dpl:GroupUndertakings2023-07-082023-07-0814990448dpl:ParticipatingInterests2023-07-082023-07-0814990448dpl:GroupUndertakingscore:ListedExchangeTraded2023-07-082023-07-0814990448core:ListedExchangeTraded2023-07-082023-07-0814990448dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-07-082023-07-0814990448core:UnlistedNon-exchangeTraded2023-07-082023-07-0814990448core:NetGoodwill2024-07-3114990448core:IntangibleAssetsOtherThanGoodwill2024-07-3114990448core:LandBuildings2024-07-3114990448core:PlantMachinery2024-07-3114990448core:Vehicles2024-07-3114990448core:FurnitureFittings2024-07-3114990448core:OfficeEquipment2024-07-3114990448core:AfterOneYear2024-07-3114990448core:WithinOneYear2024-07-3114990448core:ListedExchangeTraded2024-07-3114990448core:UnlistedNon-exchangeTraded2024-07-3114990448core:ShareCapital2024-07-3114990448core:SharePremium2024-07-3114990448core:RevaluationReserve2024-07-3114990448core:OtherReservesSubtotal2024-07-3114990448core:RetainedEarningsAccumulatedLosses2024-07-3114990448core:NetGoodwill2023-07-0814990448core:IntangibleAssetsOtherThanGoodwill2023-07-0814990448core:LandBuildings2023-07-0814990448core:PlantMachinery2023-07-0814990448core:Vehicles2023-07-0814990448core:FurnitureFittings2023-07-0814990448core:OfficeEquipment2023-07-0814990448core:AfterOneYear2023-07-0814990448core:WithinOneYear2023-07-0814990448core:ListedExchangeTraded2023-07-0814990448core:UnlistedNon-exchangeTraded2023-07-0814990448core:ShareCapital2023-07-0814990448core:SharePremium2023-07-0814990448core:RevaluationReserve2023-07-0814990448core:OtherReservesSubtotal2023-07-0814990448core:RetainedEarningsAccumulatedLosses2023-07-0814990448core:NetGoodwill2023-07-0814990448core:IntangibleAssetsOtherThanGoodwill2023-07-0814990448core:LandBuildings2023-07-0814990448core:PlantMachinery2023-07-0814990448core:Vehicles2023-07-0814990448core:FurnitureFittings2023-07-0814990448core:OfficeEquipment2023-07-0814990448core:AfterOneYear2023-07-0814990448core:WithinOneYear2023-07-0814990448core:ListedExchangeTraded2023-07-0814990448core:UnlistedNon-exchangeTraded2023-07-0814990448core:ShareCapital2023-07-0814990448core:SharePremium2023-07-0814990448core:RevaluationReserve2023-07-0814990448core:OtherReservesSubtotal2023-07-0814990448core:RetainedEarningsAccumulatedLosses2023-07-0814990448core:AfterOneYear2023-07-092024-07-3114990448core:WithinOneYear2023-07-092024-07-3114990448core:Non-currentFinancialInstrumentscore:CostValuation2023-07-092024-07-3114990448core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-092024-07-3114990448core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-092024-07-3114990448core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-092024-07-3114990448core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-092024-07-3114990448core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-092024-07-3114990448core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-092024-07-3114990448core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-092024-07-3114990448core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-092024-07-3114990448core:Non-currentFinancialInstrumentscore:CostValuation2024-07-3114990448core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-07-3114990448core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-07-3114990448core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-07-3114990448core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-07-3114990448core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-07-3114990448core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-07-3114990448core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-07-3114990448core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-07-3114990448core:Non-currentFinancialInstrumentscore:CostValuation2023-07-0814990448core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-0814990448core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-0814990448core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-0814990448core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-0814990448core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-0814990448core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-0814990448core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-0814990448core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-0814990448bus:Director12023-07-092024-07-31

TIMELESSWHEELS LIMITED

Registered Number
14990448
(England and Wales)

Unaudited Financial Statements for the Period ended
31 July 2024

TIMELESSWHEELS LIMITED
Company Information
for the period from 9 July 2023 to 31 July 2024

Director

OLUMI, Seyar

Registered Address

89 Cambridge Gardens
London
W10 6JE

Registered Number

14990448 (England and Wales)
TIMELESSWHEELS LIMITED
Balance Sheet as at
31 July 2024

Notes

2024

£

£

Current assets
Debtors33,000
Cash at bank and on hand9,847
12,847
Creditors amounts falling due within one year4(15,449)
Net current assets (liabilities)(2,602)
Total assets less current liabilities(2,602)
Net assets(2,602)
Capital and reserves
Called up share capital1
Profit and loss account(2,603)
Shareholders' funds(2,602)
The financial statements were approved and authorised for issue by the Director on 28 March 2025, and are signed on its behalf by:
OLUMI, Seyar
Director
Registered Company No. 14990448
TIMELESSWHEELS LIMITED
Notes to the Financial Statements
for the period ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2.Average number of employees

2024
Average number of employees during the year0
3.Debtors: amounts due within one year

2024

£
Other debtors3,000
Total3,000
4.Creditors: amounts due within one year

2024

£
Amounts owed to related parties2,049
Other creditors13,100
Accrued liabilities and deferred income300
Total15,449