Wheelecroft Creative Limited - Filleted accounts

Registered number

06511730

Wheelecroft Creative Limited

Filleted Accounts

31 March 2025

Wheelecroft Creative Limited
Registered number:		06511730
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,497			284

Current assets
Debtors	4	6,146			1,800
Cash at bank and in hand		3,478			10,231
		9,624			12,031

Creditors: amounts falling due within one year	5	(10,666)			(10,717)

Net current (liabilities)/assets			(1,042)			1,314

Total assets less current liabilities			455			1,598


Provisions for liabilities			(257)			(54)


Net assets			198			1,544

Capital and reserves
Called up share capital			100			100
Profit and loss account			98			1,444

Shareholder's funds			198			1,544

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr R Wheele
Director
Approved by the board on 31 August 2025

Wheelecroft Creative Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			25% on Reducing Balance basis
	Fixtures, fittings, tools and equipment			25% on Reducing Balance basis

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					1		1


3	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 April 2024			11,138		-		11,138
	Additions			503		1,208		1,711
	At 31 March 2025			11,641		1,208		12,849

	Depreciation
	At 1 April 2024			10,854		-		10,854
	Charge for the year			196		302		498
	At 31 March 2025			11,050		302		11,352

	Net book value
	At 31 March 2025			591		906		1,497
	At 31 March 2024			284		-		284


4	Debtors					2025		2024
£							£

	Trade debtors					2,376		1,800
	Other debtors					3,770		-
						6,146		1,800


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					6,471		6,098
	Taxation and social security costs					3,206		2,350
	Other creditors					989		2,269
						10,666		10,717


6	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr R Wheele
	Interest charged at 2.25%. Repayable on demand.	-		32,141		(32,141)		-

		-		32,141		(32,141)		-


7	Other information

	Wheelecroft Creative Limited is a private company limited by shares and incorporated in England. Its registered office is:
	B1 Vantage Park
	Old Gloucester Road
	Hambrook
	Bristol
	BS16 1GW