Alloy Wheel Refurbishment (UK) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07777412 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

ALLOY WHEEL REFURBISHMENT (UK) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M S Bansal

REGISTERED OFFICE:

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

REGISTERED NUMBER:

07777412 (England and Wales)

ACCOUNTANTS:

LDP Luckmans

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Tangible assets

4

619,692

561,215

CURRENT ASSETS

Debtors

5

1,082,242

1,065,920

Cash at bank and in hand

344,416

388,017

1,426,658

1,453,937

CREDITORS

Amounts falling due within one year

6

605,716

656,633

NET CURRENT ASSETS

820,942

797,304

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,440,634

1,358,519

CREDITORS

Amounts falling due after more than one
year

7

(187,242

)

(218,243

)

PROVISIONS FOR LIABILITIES

(64,414

)

(52,009

)

NET ASSETS

1,188,978

1,088,267

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

1,187,978

1,087,267

SHAREHOLDERS' FUNDS

1,188,978

1,088,267

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 May 2026 and were signed by:

M S Bansal - Director

1.	STATUTORY INFORMATION

Alloy Wheel Refurbishment (UK) Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

machinery

£

COST

At 1 June 2024

312,259

44,500

374,636

Additions

-

38,447

Disposals

-

At 31 May 2025

312,259

44,500

413,083

DEPRECIATION

At 1 June 2024

-

22,251

228,625

Charge for year

-

4,450

23,469

Eliminated on disposal

-

At 31 May 2025

-

26,701

252,094

NET BOOK VALUE

At 31 May 2025

312,259

17,799

160,989

At 31 May 2024

312,259

22,249

146,011

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 June 2024

179,566

41,116

11,926

964,003

Additions

28,181

32,941

9,853

109,422

Disposals

-

(20,466

)

-

(20,466

)

At 31 May 2025

207,747

53,591

21,779

1,052,959

DEPRECIATION

At 1 June 2024

109,523

31,159

11,230

402,788

Charge for year

11,037

4,548

965

44,469

Eliminated on disposal

-

(13,990

)

-

(13,990

)

At 31 May 2025

120,560

21,717

12,195

433,267

NET BOOK VALUE

At 31 May 2025

87,187

31,874

9,584

619,692

At 31 May 2024

70,043

9,957

696

561,215

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 June 2024

36,766

Additions

32,941

Disposals

(20,466

)

At 31 May 2025

49,241

DEPRECIATION

At 1 June 2024

31,159

Charge for year

4,548

Eliminated on disposal

(13,990

)

At 31 May 2025

21,717

NET BOOK VALUE

At 31 May 2025

27,524

At 31 May 2024

5,607

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Trade debtors

7,200

17,336

Other debtors

65,121

44,121

Sundry debtors

1,008,000

1,001,750

Tax

-

949

Prepayments

1,921

1,764

1,082,242

1,065,920

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Bank loans and overdrafts

124,759

118,759

Other loans

16,000

-

Hire purchase contracts

3,995

13,876

Trade creditors

41,657

49,173

Other creditors

329,363

Tax

29,686

86,718

Social security and other taxes

793

-

Net wages

-

2,869

Pension Fund

-

247

VAT

11,558

19,589

Directors' current accounts

32,637

24,466

Accrued expenses

15,268

11,573

605,716

656,633

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.5.25

31.5.24

£

Bank loans - 2-5 years

99,485

218,243

Other loans - 2-5 years

61,333

-

Hire purchase contracts

26,424

-

187,242

218,243

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.25

31.5.24

£

Bank loans

224,244

337,002

The bank loan is secured by way of a fixed and floating charge on the assets of the company.