Registration number: 10285614

Alloy-D Wheel Refurbishment Ltd

(Registration number: 10285614)

Balance Sheet as at 30 September 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	3	89,192	56,582
Current assets
Stocks		3,000	1,000
Debtors	4	1,253	5,178
		4,253	6,178
Creditors: Amounts falling due within one year	5	(319,266)	(215,314)
Net current liabilities		(315,013)	(209,136)
Total assets less current liabilities		(225,821)	(152,554)
Creditors: Amounts falling due after more than one year	5	(1,021)	(2,505)
Net liabilities		(226,842)	(155,059)
Capital and reserves
Called up share capital		10	10
Retained earnings		(226,852)	(155,069)
Shareholders' deficit		(226,842)	(155,059)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 22 September 2025
 

.........................................

Miss H Morgan

Director

Alloy-D Wheel Refurbishment Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1	Accounting policies

Statutory information

Alloy-D Wheel Refurbishment Ltd is a private company, limited by shares, domiciled in England and Wales, company number 10285614. The registered office is at Swinnock Croft, Swinnock Lane, Wharncliffe Side, Sheffield, S35 0DZ.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

After due consideration of all relevant factors including the continuing financial support provided by the company's creditors, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Alloy-D Wheel Refurbishment Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

1	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Equipment	10% - 25% straight line
Motor vehicles	25% straight line

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2	Staff numbers

The average number of persons employed by the company during the year, was 1 (2023 - 1).

Alloy-D Wheel Refurbishment Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

3	Tangible assets

	Equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 October 2023	79,155	9,800	88,955
Additions	45,354	-	45,354
At 30 September 2024	124,509	9,800	134,309
Depreciation
At 1 October 2023	22,777	9,596	32,373
Charge for the year	12,540	204	12,744
At 30 September 2024	35,317	9,800	45,117
Carrying amount
At 30 September 2024	89,192	-	89,192
At 30 September 2023	56,378	204	56,582

4

Debtors

Current	2024 £	2023 £
Trade debtors	240	-
Prepayments	-	3,415
Other debtors	1,013	1,763
	1,253	5,178

Alloy-D Wheel Refurbishment Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

5

Creditors

	2024 £	2023 £
Due within one year
Loans and borrowings	3,527	3,409
Other creditors and accruals	24,310	23,594
Director's loan account	291,429	188,311
	319,266	215,314