REGISTERED NUMBER: 04550347 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

WHEELER PLASTERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Wheeler

S Wheeler

SECRETARY:

Mrs L Wheeler

REGISTERED OFFICE:

34 Hillcrest Road

Hornchurch

Essex

RM11 1EB

REGISTERED NUMBER:

04550347 (England and Wales)

ACCOUNTANTS:

Ashfords Partnership LLP

114 - 116 Goodmayes Road

Ilford

Essex

IG3 9UZ

FIXED ASSETS

Tangible assets

4

8,867

7,494

CURRENT ASSETS

Debtors

5

120,808

62,692

Cash at bank and in hand

130,714

59,266

251,522

121,958

CREDITORS

Amounts falling due within one year

6

91,382

63,243

NET CURRENT ASSETS

160,140

58,715

TOTAL ASSETS LESS CURRENT LIABILITIES

169,007

66,209

PROVISIONS FOR LIABILITIES

4,238

4,238

NET ASSETS

164,769

61,971

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

164,767

61,969

SHAREHOLDERS' FUNDS

164,769

61,971

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.

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 by the Board of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by:

R Wheeler - Director

1.	STATUTORY INFORMATION

Wheeler Plastering 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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.

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.

Going concern

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2023

6,732

7,332

24,125

919

39,108

Additions

1,112

1,333

-

1,011

3,456

At 30 September 2024

7,844

8,665

24,125

1,930

42,564

DEPRECIATION

At 1 October 2023

3,381

6,592

20,904

737

31,614

Charge for year

669

311

805

298

2,083

At 30 September 2024

4,050

6,903

21,709

1,035

33,697

NET BOOK VALUE

At 30 September 2024

3,794

1,762

2,416

895

8,867

At 30 September 2023

3,351

740

3,221

182

7,494

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

118,298

62,692

Other debtors

2,510

-

120,808

62,692

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade creditors

10,816

3,959

Taxation and social security

43,943

26,699

Other creditors

36,623

32,585

91,382

63,243

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.24

30.9.23

value:

£

£

2

Ordinary

£1

2

2

8.	RELATED PARTY DISCLOSURES

At the year ended 30 September 2024, the company owed the director, Mr R Wheeler £33,873 (2023 : £30,035)

9.	ULTIMATE CONTROLLING PARTY

During the year the company was jointly controlled by Mr R Wheeler and Mrs L Wheeler by virtue of their shareholdings.