AARON WHEELER GUNSMITH LIMITED


Director	WHEELER, Aaron Mark


Registered Address	21 Bethel Street
	Brighouse
	HD6 1JR


Registered Number	08009520 (England and Wales)

Balance Sheet as at
29 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		4,064		4,190
			4,064		4,190
Current assets
Stocks		274,454		287,518
Debtors	4	9,183		4,278
Cash at bank and on hand		9,716		6,218
		293,353		298,014
Creditors amounts falling due within one year	5	(257,639)		(248,998)
Net current assets (liabilities)			35,714		49,016
Total assets less current liabilities			39,778		53,206
Creditors amounts falling due after one year	6		(497)		(6,782)
Net assets			39,281		46,424
Capital and reserves
Called up share capital			100		100
Profit and loss account			39,181		46,324
Shareholders' funds			39,281		46,424

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 22 December 2025, and are signed on its behalf by:

WHEELER, Aaron Mark
Director
Registered Company No. 08009520

AARON WHEELER GUNSMITH LIMITED

Notes to the Financial Statements
for the year ended 29 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	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 policy
	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.

	Defined contribution pension plan
	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.

	Current 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.

Current 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.

	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.

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.

	Tangible fixed assets and depreciation
	Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


	Reducing balance (%)	Straight line (years)
Plant and machinery	15	-
Fixtures and fittings	15	-
Office Equipment	-	3

	Stocks and work in progress
	Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	4		4

3.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 30 March 24	5,759	7,174	1,291	14,224
Additions	-	665	-	665
At 29 March 25	5,759	7,839	1,291	14,889
Depreciation and impairment
At 30 March 24	3,487	5,426	1,121	10,034
Charge for year	341	286	164	791
At 29 March 25	3,828	5,712	1,285	10,825
Net book value
At 29 March 25	1,931	2,127	6	4,064
At 29 March 24	2,272	1,748	170	4,190

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	5,878	4,278
Other debtors	3,305	-
Total	9,183	4,278

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	85,382	96,934
Bank borrowings and overdrafts	6,291	6,136
Taxation and social security	5,704	5,499
Other creditors	160,262	140,429
Total	257,639	248,998

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	497	6,782
Total	497	6,782

7.	Directors advances, credits and guarantees
	Included within creditors: amounts falling due within one year were loans from the director of £145,358 (2024: £134,058). The loans were interest free, with no fixed date for repayment. Under the BBLS scheme the government provided a 100% guarantee. As at the balance sheet date, this represented a bank loan guarantee of £6,788 (2024: £12,918).