REGISTERED NUMBER: 07825344 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ALL WHEELS ALLOY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs K Stalanowska

A Stalanowski

REGISTERED OFFICE:

Unit 9 Ashmount Business Pk

Upper Fforest Way

Swansea Enterprise Park

Swansea

West Glamorgan

SA6 8QR

REGISTERED NUMBER:

07825344 (England and Wales)

ACCOUNTANTS:

DAVID WRIGHT ACCOUNTANTS LIMITED

Unit 10

Bridgend Business Park

Bennett Street

Bridgend

Glamorgan

CF31 3SH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

116,259

109,030

116,259

109,030

CURRENT ASSETS

Stocks

12,000

10,000

Debtors

6

14,199

18,840

Cash at bank and in hand

34,515

46,730

60,714

75,570

CREDITORS

Amounts falling due within one year

7

73,410

78,693

NET CURRENT LIABILITIES

(12,696

)

(3,123

)

TOTAL ASSETS LESS CURRENT LIABILITIES

103,563

105,907

CREDITORS

Amounts falling due after more than one year

8

(46,360

)

(64,610

)

PROVISIONS FOR LIABILITIES

(7,530

)

(11,022

)

NET ASSETS

49,673

30,275

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

49,671

30,273

SHAREHOLDERS' FUNDS

49,673

30,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 29 September 2025 and were signed on its behalf by:

A Stalanowski - Director

1.	STATUTORY INFORMATION

All Wheels Alloy Ltd 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 represents net invoiced sales of services, excluding value added tax.

Turnover is recognised upon raising an invoice when the service is provided.

Intangible fixed assets

The intangible fixed asset relates to a franchise licence and is being amortised evenly over the length of the initial franchise agreement of five years.

Tangible fixed assets

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

Plant and machinery etc

-

at variable rates on reducing balance and at varying rates on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 January 2024

and 31 December 2024

34,997

AMORTISATION

At 1 January 2024

and 31 December 2024

34,997

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

47,295

158,532

6,035

Additions

30,000

-

2,890

At 31 December 2024

77,295

158,532

8,925

DEPRECIATION

At 1 January 2024

27,310

124,417

5,899

Charge for year

2,332

9,657

228

At 31 December 2024

29,642

134,074

6,127

NET BOOK VALUE

At 31 December 2024

47,653

24,458

2,798

At 31 December 2023

19,985

34,115

136

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

105,697

8,496

326,055

Additions

-

350

33,240

At 31 December 2024

105,697

8,846

359,295

DEPRECIATION

At 1 January 2024

53,087

6,312

217,025

Charge for year

13,153

641

26,011

At 31 December 2024

66,240

6,953

243,036

NET BOOK VALUE

At 31 December 2024

39,457

1,893

116,259

At 31 December 2023

52,610

2,184

109,030

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

21,495

45,495

66,990

DEPRECIATION

At 1 January 2024

1,147

948

2,095

Charge for year

2,150

11,137

13,287

At 31 December 2024

3,297

12,085

15,382

NET BOOK VALUE

At 31 December 2024

18,198

33,410

51,608

At 31 December 2023

20,348

44,547

64,895

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

7,028

12,223

Other debtors

7,171

6,617

14,199

18,840

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

10,648

10,648

Hire purchase contracts (see note 9)

8,117

5,678

Trade creditors

14,219

18,551

Taxation and social security

35,832

26,750

Other creditors

4,594

17,066

73,410

78,693

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans

4,136

14,269

Hire purchase contracts (see note 9)

42,224

50,341

46,360

64,610

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31/12/24

31/12/23

£

£

Gross obligations repayable:

Within one year

13,254

13,254

Between one and five years

45,396

58,650

58,650

71,904

Finance charges repayable:

Within one year

5,137

7,576

Between one and five years

3,172

8,309

8,309

15,885

Net obligations repayable:

Within one year

8,117

5,678

Between one and five years

42,224

50,341

50,341

56,019