The Wheeler Garage Company Limited

The Wheeler Garage Company Limited
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	472,476	472,912
		472,476	472,912
Current assets
Stocks	4	54,071	66,071
Debtors	5	2,918	3,611
Cash at bank and in hand		39,202	31,866
		96,191	101,548
Creditors: amount falling due within one year	6	(12,552)	(15,112)
Net current assets		83,639	86,436

Total assets less current liabilities		556,115	559,348
Provisions for liabilities	7	(29,776)	(29,776)
Net assets		526,339	529,572

Capital and reserves
Called up share capital		1,000	1,000
Revaluation Reserves	8	369,772	369,772
Profit and loss account		155,567	158,800
Shareholders' funds		526,339	529,572

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 11 December 2025 and were signed by:

-------------------------------
James Andrew Duncan Collins Wheeler
Director

The Wheeler Garage Company Limited
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

The Wheeler Garage Company Limited is a private company, limited by shares, registered in England and Wales, registration number 00837463, registration address Greyladies Lodge Downs Road, Compton, Newbury, Berkshire, RG20 6RE.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings

15% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 1 (2024 : 1).

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Investment properties	Total
	£	£	£
At 01 April 2024	13,672	470,000	483,672
Additions	-	-	-
Disposals	-	-	-
At 31 March 2025	13,672	470,000	483,672
Depreciation
At 01 April 2024	10,760	-	10,760
Charge for year	436	-	436
On disposals	-	-	-
At 31 March 2025	11,196	-	11,196
Net book values
Closing balance as at 31 March 2025	2,476	470,000	472,476
Opening balance as at 01 April 2024	2,912	470,000	472,912

Stocks

	2025 £		2024 £
Stocks	54,071		66,071
	54,071		66,071

Debtors: amounts falling due within one year

	2025 £		2024 £
Prepayments & Accrued Income	2,918		3,611
	2,918		3,611

Creditors: amount falling due within one year

	2025 £	2024 £
PAYE & Social Security	1,473	1,267
Accrued Expenses	1,456	4,534
Other Creditors	9,013	9,013
Directors' Current Accounts	610	298
	12,552	15,112

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	29,776		29,776
	29,776		29,776

Revaluation Reserves

	2025 £		2024 £
Revaluation Reserve b/fwd	369,772		369,772
	369,772		369,772

Registered Number: 00837463
England and Wales
THE WHEELER GARAGE COMPANY LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 April 2024 End date: 31 March 2025