Acorah Software Products - Accounts Production 16.3.350 false true false 10 August 2023 31 December 2024 31 December 2024 15063737 Mr Richard Moore Mr Marc Moore iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15063737 2023-08-09 15063737 2024-12-31 15063737 2023-08-10 2024-12-31 15063737 frs-core:CurrentFinancialInstruments 2024-12-31 15063737 frs-core:NetGoodwill 2024-12-31 15063737 frs-core:NetGoodwill 2023-08-10 2024-12-31 15063737 frs-core:NetGoodwill 2023-08-09 15063737 frs-core:RevaluationReserve 2023-08-10 2024-12-31 15063737 frs-core:RevaluationReserve 2024-12-31 15063737 frs-core:ShareCapital 2024-12-31 15063737 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 15063737 frs-bus:PrivateLimitedCompanyLtd 2023-08-10 2024-12-31 15063737 frs-bus:FilletedAccounts 2023-08-10 2024-12-31 15063737 frs-bus:SmallEntities 2023-08-10 2024-12-31 15063737 frs-bus:AuditExempt-NoAccountantsReport 2023-08-10 2024-12-31 15063737 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-10 2024-12-31 15063737 frs-core:CostValuation 2023-08-09 15063737 frs-core:CostValuation 2024-12-31 15063737 frs-core:ProvisionsForImpairmentInvestments 2023-08-09 15063737 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 15063737 frs-bus:Director1 2023-08-10 2024-12-31 15063737 frs-bus:Director2 2023-08-10 2024-12-31 15063737 frs-countries:EnglandWales 2023-08-10 2024-12-31
Registered number: 15063737
Wheels of Steel Holdings Ltd
Unaudited Financial Statements
For the Period 10 August 2023 to 31 December 2024
Aublet Limited
The Old Barn
5 Moat Close
Chipstead
Kent
TN13 2HZ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 15063737
31 December 2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 37,712
Investments 5 66,655
104,367
CURRENT ASSETS
Debtors 6 329,822
Cash at bank and in hand 187
330,009
Creditors: Amounts Falling Due Within One Year 7 (424,440 )
NET CURRENT ASSETS (LIABILITIES) (94,431 )
TOTAL ASSETS LESS CURRENT LIABILITIES 9,936
NET ASSETS 9,936
CAPITAL AND RESERVES
Called up share capital 8 11
Revaluation reserve 9 72,682
Profit and Loss Account (62,757 )
SHAREHOLDERS' FUNDS 9,936
For the period ending 31 December 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Moore
Director
9th May 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Wheels of Steel Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15063737 . The registered office is Source BMX, Maunsell Road, St Leonards-On-Sea, East Sussex, TN38 9NN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
4. Intangible Assets
Goodwill
£
Cost
As at 10 August 2023 37,712
As at 31 December 2024 37,712
Net Book Value
As at 31 December 2024 37,712
As at 10 August 2023 37,712
Page 2
Page 3
5. Investments
Subsidiaries
£
Cost
As at 10 August 2023 66,655
As at 31 December 2024 66,655
Provision
As at 10 August 2023 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 66,655
As at 10 August 2023 66,655
6. Debtors
31 December 2024
£
Due within one year
Amounts owed by group undertakings 121,836
Amounts owed by participating interests 154,821
Other debtors 53,165
329,822
7. Creditors: Amounts Falling Due Within One Year
31 December 2024
£
Trade creditors 6,151
Amounts owed to group undertakings 394,879
Other creditors 18,666
Taxation and social security 4,744
424,440
8. Share Capital
31 December 2024
£
Allotted, Called up and fully paid 11
9. Reserves
Revaluation Reserve
£
Surplus on revaluation 72,682
As at 31 December 2024 72,682
Page 3