Wheeler Science Medicine & Education Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08001193 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

WHEELER SCIENCE MEDICINE & EDUCATION LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D W Wheeler

S J Wheeler

REGISTERED OFFICE:

c/o Thompson Taraz Rand

Suite 20, New Cambridge House

Bassingbourn Road

Litlington

Cambridgeshire

SG8 0SS

BUSINESS ADDRESS:

Heatherlea

Carnoch

Glencoe

Bellachulish

Argyll

PH49 4HQ

REGISTERED NUMBER:

08001193 (England and Wales)

ACCOUNTANTS:

Thompson Taraz Rand Ltd

Chartered Accountants

10 Jesus Lane

Cambridge

Cambridgeshire

CB5 8BA

FIXED ASSETS

Tangible assets

5

86,901

36,297

CURRENT ASSETS

Debtors

6

109,578

80,396

Cash and cash equivalents

35,609

39,286

145,187

119,682

CREDITORS

Amounts falling due within one year

7

(32,456

)

(29,672

)

NET CURRENT ASSETS

112,731

90,010

TOTAL ASSETS LESS CURRENT LIABILITIES

199,632

126,307

CREDITORS

Amounts falling due after more than one
year

8

(44,620

)

-

PROVISIONS FOR LIABILITIES

11

(21,725

)

(9,074

)

NET ASSETS

133,287

117,233

CAPITAL AND RESERVES

Called up share capital

12

100

Retained earnings

133,187

117,133

SHAREHOLDERS' FUNDS

133,287

117,233

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2025 and were signed on its behalf by:

D W Wheeler - Director

1.	STATUTORY INFORMATION

Wheeler Science Medicine & Education 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Revenue recognition

Turnover shown in the profit and loss account represents the invoiced sales in relation to the provision of medical consultancy services.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Equipment

-

33.33% on cost

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Financial instruments

Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

5.	TANGIBLE FIXED ASSETS

Motor

vehicles

Equipment

Totals

£

COST

At 1 April 2024

74,318

16,640

90,958

Additions

90,990

1,082

92,072

Disposals

(41,129

)

(767

)

(41,896

)

At 31 March 2025

124,179

16,955

141,134

DEPRECIATION

At 1 April 2024

44,529

10,132

54,661

Charge for year

27,415

2,607

30,022

Eliminated on disposal

(30,009

)

(441

)

(30,450

)

At 31 March 2025

41,935

12,298

54,233

NET BOOK VALUE

At 31 March 2025

82,244

4,657

86,901

At 31 March 2024

29,789

6,508

36,297

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

50,892

71,089

Amounts owed by associates

14,942

-

Other debtors

42,851

5,921

Directors' current accounts

893

3,386

109,578

80,396

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Hire purchase contracts (see note 9)

14,870

-

Trade creditors

55

-

Corporation tax

-

10,418

Social security and other taxes

84

155

VAT

15,877

17,602

Accrued expenses

1,570

1,497

32,456

29,672

The directors' current accounts are repayable on demand and interest free.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Hire purchase contracts (see note 9)

44,620

-

9.	LEASING AGREEMENTS

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership have passed to the company, are capitalised in the balance sheet as a tangible fixed asset and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account.

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Hire purchase contracts

59,490

-

Liabilities held under hire purchase agreements are secured against the asset to which they relate.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

21,725

9,074

Deferred

tax

£

Balance at 1 April 2024

9,074

Charge for the year

12,651

Balance at 31 March 2025

21,725

The provision for deferred taxation is made up of accelerated capital allowances.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

55

Ordinary A

£1

55

30

Ordinary B

£1

30

5

Ordinary C

£1

5

Ordinary D

£1

5

Ordinary E

£1

5

100

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

D W Wheeler

Balance outstanding at start of year

3,386

-

Amounts advanced

893

3,386

Amounts repaid

(3,386

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

893

3,386

14.	RELATED PARTY DISCLOSURES

At the balance sheet date, the director had an outstanding director's loan account balance of £893 (2024: £3,386) which is disclosed in other debtors. This amount bears no interest and there is no agreed repayable date.

At the balance sheet date, the company was owed £14,942 from Brooks and Wren Properties Ltd, which is also under control of the director. This amount bears no interest and there is no agreed repayable date.