REGISTERED NUMBER: 05019640 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Wheels Like New Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Newton

Ms A Cox

SECRETARY:

Ms A Cox

REGISTERED OFFICE:

Shalimar

Main Road

Edenbridge

TN8 6HY

REGISTERED NUMBER:

05019640 (England and Wales)

ACCOUNTANTS:

AFS Accountants

1st Floor Office

190 London Road

Westerham

Kent

TN16 2DJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

15,624

2,127

15,624

2,127

CURRENT ASSETS

Debtors

6

42,589

38,863

Cash at bank

121,428

144,866

164,017

183,729

CREDITORS

Amounts falling due within one year

7

69,810

88,556

NET CURRENT ASSETS

94,207

95,173

TOTAL ASSETS LESS CURRENT LIABILITIES

109,831

97,300

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

109,829

97,298

109,831

97,300

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

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

M Newton - Director

Ms A Cox - Director

1.	STATUTORY INFORMATION

Wheels Like New 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

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 impairment losses.

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 etc

-

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

26,600

AMORTISATION

At 1 February 2024

and 31 January 2025

26,600

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

22,875

Additions

20,708

At 31 January 2025

43,583

DEPRECIATION

At 1 February 2024

20,748

Charge for year

7,211

At 31 January 2025

27,959

NET BOOK VALUE

At 31 January 2025

15,624

At 31 January 2024

2,127

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

42,589

38,863

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

394

15,697

Taxation and social security

9,504

13,557

Other creditors

59,912

59,302

69,810

88,556