Wheel Racer Ltd

Registered number: SC698181

	2025	2024
	£	£
Fixed assets	32,828	18,004

Current assets	29,563	36,063
Prepayments and accrued income	-	161
Creditors: Amounts Falling Due Within One Year	(60,471 )	(60,540 )

NET CURRENT LIABILITIES	(30,908 )	(24,316 )

TOTAL ASSETS LESS CURRENT LIABILITIES	1,920	(6,312 )

Creditors: Amounts Falling Due After More Than One Year	(14,021 )	(22 )
Accruals and deferred income	(1,776 )	(1,960 )

NET LIABILITIES	(13,877 )	(8,294 )

CAPITAL AND RESERVES	(13,877 )	(8,294 )

Notes

1. General Information

Wheel Racer Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC698181 . The registered office is Unit Q2 Isla Bank Mills, Station Road, Keith, AB55 5DD.

2. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 3)

3. Going concern

The balance sheet continues to show a net deficit. The director is the company's largest creditor and he will continue to support the company to ensure that all liabilities are met as they fall due, and will only seek repayment of his director's loan account when there are sufficient funds available.

The accounts have therefore been prepared on the going concern basis.

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Wheel Racer Ltd

Balance Sheet (continued)

As At 31 May 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Marcin Piszczyk

Director

12 January 2026