WheelPartsDirect Ltd Filleted Accounts Cover |
Registered number | |||||||||
11965917 | |||||||||
Filleted Accounts | |||||||||
30 September 2024 | |||||||||
WheelPartsDirect Ltd Balance Sheet Registrar |
at | |||||||||||
Company No. | Notes | 2024 | 2023 | ||||||||
£ | £ | ||||||||||
Fixed assets | |||||||||||
Tangible assets | 4 | ||||||||||
Current assets | |||||||||||
Stocks | 5 | 231,924 | 212,919 | ||||||||
Debtors | 6 | 131,367 | 25,218 | ||||||||
Cash at bank and in hand | 23,541 | 8,183 | |||||||||
386,832 | 246,320 | ||||||||||
Creditors: Amount falling due within one year | 7 | (200,984) | () | (147,819) | () | ||||||
Net current assets | |||||||||||
Total assets less current liabilities | |||||||||||
Creditors: Amounts falling due after more than one year | 8 | ( | ( | ||||||||
Net assets | |||||||||||
Capital and reserves | |||||||||||
Called up share capital | |||||||||||
Profit and loss account | 9 | ||||||||||
Total equity | |||||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account. | |||||||||||
Approved by the board on 07 May 2025 and signed on its behalf by: | |||||||||||
J. Dolden | |||||||||||
Director | |||||||||||
07 May 2025 | |||||||||||
WheelPartsDirect Ltd Notes to the Accounts Registrar |
for the year ended 30 September 2024 | ||||||||||||||
1 | General information | |||||||||||||
WheelPartsDirect Ltd is a private company limited by shares and incorporated in England and Wales. | ||||||||||||||
Its registered number is: 11965917 | ||||||||||||||
Its registered office is: | ||||||||||||||
2 | Accounting policies | |||||||||||||
Turnover | ||||||||||||||
Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • 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 transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. | ||||||||||||||
Stocks | ||||||||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses. | ||||||||||||||
Provisions | ||||||||||||||
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. | ||||||||||||||
3 | Employees | |||||||||||||
2024 | 2023 | |||||||||||||
Number | Number | |||||||||||||
The average monthly number of employees (including directors) during the year was: | ||||||||||||||
4 | Tangible fixed assets | |||||||||||||
Plant and machinery | Total | |||||||||||||
£ | £ | |||||||||||||
Cost or revaluation | ||||||||||||||
At 1 October 2023 | ||||||||||||||
Additions | ||||||||||||||
At 30 September 2024 | ||||||||||||||
Depreciation | ||||||||||||||
At 1 October 2023 | ||||||||||||||
Charge for the year | ||||||||||||||
At 30 September 2024 | ||||||||||||||
Net book values | ||||||||||||||
At 30 September 2024 | ||||||||||||||
At 30 September 2023 | 4,982 | |||||||||||||
5 | Stocks | |||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Stocks | ||||||||||||||
6 | Debtors | |||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Trade debtors | ||||||||||||||
Other debtors | ||||||||||||||
7 | Creditors: | |||||||||||||
amounts falling due within one year | ||||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
Trade creditors | ||||||||||||||
Taxes and social security | ||||||||||||||
Other creditors | ||||||||||||||
8 | Creditors: | |||||||||||||
amounts falling due after more than one year | ||||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
9 | Reserves | |||||||||||||