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REGISTERED NUMBER: 02667013 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Wheelwash Limited

Wheelwash Limited (Registered number: 02667013)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Wheelwash Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: G J Stubbs
A J Pinkney





SECRETARY: Mrs S T Mclean





REGISTERED OFFICE: Unit 1 & 2
Road 4
Winsford Industrial Estate
Winsford
Cheshire
CW7 3QN





REGISTERED NUMBER: 02667013 (England and Wales)

Wheelwash Limited (Registered number: 02667013)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 31,979 63,957
Tangible assets 6 1,619,567 1,637,172
Investments 7 4,050 4,050
1,655,596 1,705,179

CURRENT ASSETS
Stocks 8 178,639 218,505
Debtors 9 543,971 679,340
Cash at bank and in hand 272,497 164,163
995,107 1,062,008
CREDITORS
Amounts falling due within one year 10 (1,171,905 ) (1,134,218 )
NET CURRENT LIABILITIES (176,798 ) (72,210 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,478,798

1,632,969

CREDITORS
Amounts falling due after more than one
year

11

(155,995

)

(194,662

)

PROVISIONS FOR LIABILITIES 15 (320,948 ) (338,215 )
NET ASSETS 1,001,855 1,100,092

CAPITAL AND RESERVES
Called up share capital 7,000 7,000
Share premium 157,200 157,200
Retained earnings 837,655 935,892
SHAREHOLDERS' FUNDS 1,001,855 1,100,092

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

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

Wheelwash Limited (Registered number: 02667013)

Statement of Financial Position - continued
30 September 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:





A J Pinkney - Director


Wheelwash Limited (Registered number: 02667013)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Wheelwash Ltd ('The Company') is primarily engaged in the provision of the hire and sale of wheelwash units.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business and of the registered office is Unit 1 & 2 Road Four, Winsford Industrial Estate, Winsford, Cheshire, England, CW7 3QN. The registered company number is 02667013.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No other material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

On this basis the directors considers it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, was fully provided for in the year to 30 September 2007.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated losses.

Computer Software costs are being amortised evenly over three years.

Development costs have been fully amortised.

Research and development
Research and development expenditure is written off in the year in which it is incurred. Development costs incurred are capitalised when recoverability can be assessed with reasonable certainty and amortised over a five year period. All other development costs are written off in the year of expenditure.

Wheelwash Limited (Registered number: 02667013)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property- 10% on cost
Plant and machinery - at varying rates on cost between 10% and 25%
Fixtures and fittings- 50% on cost
Motor vehicles- 25% on cost
Hire plant- at varying rates on cost between 10% and 20%

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value).

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Wheelwash Limited (Registered number: 02667013)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

3. ACCOUNTING POLICIES - continued

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.

Assets held for rental under operating leases
Assets held for rental are capitalised in the balance sheet and depreciated over their expected useful lives.

Rentals receivable under operating leases are credited to the profit and loss account on a straight line basis over the term of the rental.

Warranty provision
A warranty provision is included to cover the cost of warranty work outstanding at the balance sheet date.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 24 ) .

5. INTANGIBLE FIXED ASSETS
Computer Development
Goodwill software costs Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 73,937 95,488 157,718 327,143
AMORTISATION
At 1 October 2023 73,937 31,531 157,718 263,186
Amortisation for year - 31,978 - 31,978
At 30 September 2024 73,937 63,509 157,718 295,164
NET BOOK VALUE
At 30 September 2024 - 31,979 - 31,979
At 30 September 2023 - 63,957 - 63,957

Wheelwash Limited (Registered number: 02667013)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2023 130,885 622,659 78,640
Additions 5,197 137 54
Disposals - - -
At 30 September 2024 136,082 622,796 78,694
DEPRECIATION
At 1 October 2023 54,333 524,859 78,178
Charge for year 13,608 23,015 188
Eliminated on disposal - - -
At 30 September 2024 67,941 547,874 78,366
NET BOOK VALUE
At 30 September 2024 68,141 74,922 328
At 30 September 2023 76,552 97,800 462

Motor Hire
vehicles Plant Totals
£    £    £   
COST
At 1 October 2023 88,002 1,995,140 2,915,326
Additions - 318,018 323,406
Disposals (13,519 ) (119,678 ) (133,197 )
At 30 September 2024 74,483 2,193,480 3,105,535
DEPRECIATION
At 1 October 2023 32,870 587,914 1,278,154
Charge for year 18,621 233,472 288,904
Eliminated on disposal (13,519 ) (67,571 ) (81,090 )
At 30 September 2024 37,972 753,815 1,485,968
NET BOOK VALUE
At 30 September 2024 36,511 1,439,665 1,619,567
At 30 September 2023 55,132 1,407,226 1,637,172

Wheelwash Limited (Registered number: 02667013)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor Hire
machinery vehicles Plant Totals
£    £    £    £   
COST
At 1 October 2023 62,000 74,483 673,670 810,153
Additions - - 272,499 272,499
Disposals - - (20,460 ) (20,460 )
At 30 September 2024 62,000 74,483 925,709 1,062,192
DEPRECIATION
At 1 October 2023 30,638 19,353 126,101 176,092
Charge for year 6,200 18,621 109,958 134,779
Eliminated on disposal - - (6,813 ) (6,813 )
At 30 September 2024 36,838 37,974 229,246 304,058
NET BOOK VALUE
At 30 September 2024 25,162 36,509 696,463 758,134
At 30 September 2023 31,362 55,130 547,569 634,061

7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 4,050
NET BOOK VALUE
At 30 September 2024 4,050
At 30 September 2023 4,050

8. STOCKS
2024 2023
£    £   
Raw materials 86,091 165,605
Work-in-progress - 52,900
Finished goods 92,548 -
178,639 218,505

Wheelwash Limited (Registered number: 02667013)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

9. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 431,731 513,904
Other debtors 80,393 93,101
512,124 607,005

Amounts falling due after more than one year:
Amounts owed by group undertakings 31,847 72,335

Aggregate amounts 543,971 679,340

Amounts owed by group undertakings are interest free and repayable on demand.

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 12) 211,291 196,051
Trade creditors 402,218 408,289
Taxation and social security 64,208 40,451
Other creditors 494,188 489,427
1,171,905 1,134,218

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 12) 152,595 183,745
Other creditors 3,400 10,917
155,995 194,662

12. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024 2023
£ £
Within one year 134,745 151,101
Between one and five years 326,719 475,539
In more than five years - -
461,464 626,640

Wheelwash Limited (Registered number: 02667013)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

13. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 363,886 379,796

Hire purchase and finance lease assets are secured to the relevant finance company until all payments have been made.

14. FINANCIAL INSTRUMENTS

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors and directors' loans.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at undiscounted amount of cash or other consideration excepted to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

15. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 309,496 325,562

Other provisions
Warranty provision 10,000 10,000
Leave pay 1,452 2,653
11,452 12,653

Aggregate amounts 320,948 338,215

Deferred Other
tax provisions
£    £   
Balance at 1 October 2023 325,562 12,653
(Credit)/charge to Income Statement during year (16,066 ) 1,452
Utilised during the year - (2,653 )
Balance at 30 September 2024 309,496 11,452

Wheelwash Limited (Registered number: 02667013)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

15. PROVISIONS FOR LIABILITIES - continued

The provision for deferred taxation consists of the tax effect of the following timing differences in respect of:

20242023
££
Excess of taxation allowances over depreciation on fixed assets404,892409,294
Valuation of tax losses and non-trading loan defecits(94,990)(82,690)
Other short term timing differences(406)(1,042)
309,496325,562
The leave pay provision of £1,452 (2023: £2,653) represents holiday balances accrued as a result of services rendered in the current period and which employees are entitled to carry forward. The provision is measured as the salary cost payable for the period of absence.