Wheel-Tech Services Limited - Filleted accounts

Registered number

06579556

Wheel-Tech Services Limited

Unaudited Filleted Accounts

For the Year Ended

31 July 2025

Wheel-Tech Services Limited
Registered number:		06579556
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		59,350			65,351

Current assets
Stocks		28,000			28,000
Debtors	4	26,740			16,245
Cash at bank and in hand		10,966			16,747
		65,706			60,992

Creditors: amounts falling due within one year	5	(44,286)			(40,406)

Net current assets			21,420			20,586

Total assets less current liabilities			80,770			85,937

Creditors: amounts falling due after more than one year	6		(11,372)			(21,597)

Provisions for liabilities			(11,277)			(12,417)


Net assets			58,121			51,923

Capital and reserves
Called up share capital			5			5
Profit and loss account			58,116			51,918

Shareholders' funds			58,121			51,923

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




I W Dixon
Director
Approved by the board on 12 January 2026

Wheel-Tech Services Limited
Notes to the Accounts
for the year ended 31 July 2025


1	Accounting policies

	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
	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles	25% reducing balance
	Plant and machinery	10% reducing balance
	Fixtures, fittings, tools and equipment	over 3 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			3		3


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 August 2024	50,738		70,884		121,622
	Additions	7,021		2,000		9,021
	At 31 July 2025	57,759		72,884		130,643

	Depreciation
	At 1 August 2024	24,778		31,493		56,271
	Charge for the year	4,674		10,348		15,022
	At 31 July 2025	29,452		41,841		71,293

	Net book value
	At 31 July 2025	28,307		31,043		59,350
	At 31 July 2024	25,960		39,391		65,351


4	Debtors			2025		2024
£					£

	Trade debtors			20,773		15,469
	Other debtors			5,967		776
				26,740		16,245


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			27,244		33,493
	Taxation and social security costs			15,158		4,253
	Other creditors			1,884		2,660
				44,286		40,406


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			11,372		21,597


7	Other information

	Wheel-Tech Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 19
	Beezon Road Trading Estate
	Kendal
	Cumbria
	LA9 6BW