REGISTERED NUMBER: 01904847 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Wheelers Luxury Gifts Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J B Wheeler

Mrs J R Wheeler

SECRETARY:

Mrs J R Wheeler

REGISTERED OFFICE:

15 Devonshire Square

Loughborough

Leicestershire

LE11 3DW

REGISTERED NUMBER:

01904847 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Intangible assets

4

23,360

35,039

Tangible assets

5

19,646

26,014

43,006

61,053

CURRENT ASSETS

Stocks

724,877

706,409

Debtors

6

18,563

34,548

Cash at bank and in hand

22,573

21,776

766,013

762,733

CREDITORS

Amounts falling due within one year

7

533,824

256,178

NET CURRENT ASSETS

232,189

506,555

TOTAL ASSETS LESS CURRENT LIABILITIES

275,195

567,608

CREDITORS

Amounts falling due after more than one year

8

86,380

57,553

NET ASSETS

188,815

510,055

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

186,815

508,055

SHAREHOLDERS' FUNDS

188,815

510,055

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 23 December 2025 and were signed on its behalf by:

J B Wheeler - Director

1.	STATUTORY INFORMATION

Wheelers Luxury Gifts 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 represents net sales of goods, excluding value added tax and is recognised in the period in which the goods were sold.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated life and will be fully amortised in 4 years.

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

-

25% on reducing balance

Fixtures, fittings and equipment

-

10% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stock is valued at lower of cost and net realisable value, after making due allowance for slow moving items. Cost is determined on a first in first out basis.

Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

200,000

AMORTISATION

At 1 April 2024

164,961

Charge for year

11,679

At 31 March 2025

176,640

NET BOOK VALUE

At 31 March 2025

23,360

At 31 March 2024

35,039

5.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Plant and

and

Motor

machinery

equipment

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

13,569

175,267

43,718

232,554

DEPRECIATION

At 1 April 2024

11,758

168,996

25,786

206,540

Charge for year

452

1,433

4,483

6,368

At 31 March 2025

12,210

170,429

30,269

212,908

NET BOOK VALUE

At 31 March 2025

1,359

4,838

13,449

19,646

At 31 March 2024

1,811

6,271

17,932

26,014

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,494

27,103

Other debtors

11,841

1,786

Tax

-

2,796

Prepayments

228

2,863

18,563

34,548

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

35,484

-

Other loans

75,433

57,553

Trade creditors

413,201

165,839

Social security and other taxes

3,406

26,826

Other creditors

560

568

Directors' current accounts

446

600

Accrued expenses

5,294

4,792

533,824

256,178

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans - 1-2 years

23,706

57,553

Other loans - 2-5 years

62,674

-

86,380

57,553

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

3,983

4,345

Between one and five years

-

3,983

3,983

8,328