REGISTERED NUMBER: 13281876 (England and Wales)

WHEELERS HORIZONS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mrs D E Sagoo

H S Sagoo

SECRETARY:

REGISTERED OFFICE:

Unit 4 Weston Works

Weston Lane

Birmingham

B11 3RP

REGISTERED NUMBER:

13281876 (England and Wales)

ACCOUNTANTS:

PPG Accountants Ltd

Ferndale House

3 Firs Street

Dudley

West Midlands

DY2 7DN

FIXED ASSETS

Tangible assets

4

277,388

278,435

CURRENT ASSETS

Debtors

5

-

1,911

Cash at bank

1,386

9,573

1,386

11,484

CREDITORS

Amounts falling due within one year

6

9,770

8,030

NET CURRENT (LIABILITIES)/ASSETS

(8,384

)

3,454

TOTAL ASSETS LESS CURRENT LIABILITIES

269,004

281,889

CREDITORS

Amounts falling due after more than one year

7

298,000

306,000

NET LIABILITIES

(28,996

)

(24,111

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

(28,998

)

(24,113

)

SHAREHOLDERS' FUNDS

(28,996

)

(24,111

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

Mrs D E Sagoo - Director

1.	STATUTORY INFORMATION

Wheelers Horizons 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

274,246

8,667

1,650

284,563

DEPRECIATION

At 1 April 2024

-

5,303

825

6,128

Charge for year

-

841

206

1,047

At 31 March 2025

-

6,144

1,031

7,175

NET BOOK VALUE

At 31 March 2025

274,246

2,523

619

277,388

At 31 March 2024

274,246

3,364

825

278,435

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

1,911

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,439

1,439

Directors' current accounts

8,331

6,591

9,770

8,030

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Mrs D E Sagoo

298,000

306,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary share

1

2

2

9.

RESERVES

Retained

earnings

£

At 1 April 2024

(24,113

)

Deficit for the year

(4,885

)

At 31 March 2025

(28,998

)

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs D E Sagoo.

The ultimate controlling party is H S Sagoo.