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Company Registration No. 14778301 (England and Wales)
SAM'S WHEELS LTD Unaudited accounts for the year ended 30 April 2025
SAM'S WHEELS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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SAM'S WHEELS LTD Company Information for the year ended 30 April 2025
Director
Samoon AYAZ
Company Number
14778301 (England and Wales)
Registered Office
422 Whalebone Lane South Chadwell Heath Essex RM6 6HP UK
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SAM'S WHEELS LTD Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,855
2,263
Current assets
Inventories
2,000
1,100
Cash at bank and in hand
927
693
2,927
1,793
Creditors: amounts falling due within one year
5
(12,594)
(11,277)
Net current liabilities
(9,667)
(9,484)
Net liabilities
(7,812)
(7,221)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(7,912)
(7,321)
Shareholders' funds
(7,812)
(7,221)
For the year ending 30 April 2025 the company was entitled to exemption from audit 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 January 2026 and were signed on its behalf by
Samoon AYAZ Director Company Registration No. 14778301
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SAM'S WHEELS LTD Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
SAM'S WHEELS LTD is a private company, limited by shares, registered in England and Wales, registration number 14778301. The registered office is 422 Whalebone Lane South, Chadwell Heath, Essex, RM6 6HP, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18% on Reducing Balance
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 May 2024
2,760
At 30 April 2025
2,760
Depreciation
At 1 May 2024
497
Charge for the year
408
At 30 April 2025
905
Net book value
At 30 April 2025
1,855
At 30 April 2024
2,263
5
Creditors: amounts falling due within one year
2025
2024
£
£
Loans from directors
10,802
11,277
Accruals
1,792
-
12,594
11,277
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SAM'S WHEELS LTD Notes to the Accounts for the year ended 30 April 2025
6
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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