REGISTERED NUMBER: 04404630 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Wheels Of Old Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

W Galliers

REGISTERED OFFICE:

Cottage Farm

Frodesley

Dorrington

Shrewsbury

Shropshire

SY5 7HD

REGISTERED NUMBER:

04404630 (England and Wales)

ACCOUNTANTS:

Elliot Accountants Limited

3 Waterside Gardens

Shrewsbury

Shropshire

SY3 9AG

FIXED ASSETS

Intangible assets

4

-

7,500

Tangible assets

5

269,449

276,801

269,449

284,301

CURRENT ASSETS

Stocks

240,490

337,934

Debtors

6

18,470

11,615

Cash at bank and in hand

365,727

292,835

624,687

642,384

CREDITORS

Amounts falling due within one year

7

16,131

19,545

NET CURRENT ASSETS

608,556

622,839

TOTAL ASSETS LESS CURRENT LIABILITIES

878,005

907,140

CREDITORS

Amounts falling due after more than one year

8

-

8,417

NET ASSETS

878,005

898,723

CAPITAL AND RESERVES

Called up share capital

1,073,654

1,073,654

Share premium

72,548

72,548

Retained earnings

(268,197

)

(247,479

)

SHAREHOLDERS' FUNDS

878,005

898,723

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 12 August 2026 and were signed by:

W Galliers - Director

1.	STATUTORY INFORMATION

Wheels Of Old 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

33% on cost, 25% on cost, 25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

150,000

AMORTISATION

At 1 January 2025

142,500

Charge for year

7,500

At 31 December 2025

150,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

7,500

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

253,280

118,976

372,256

Additions

-

7,675

7,675

Disposals

-

(20,902

)

(20,902

)

At 31 December 2025

253,280

105,749

359,029

DEPRECIATION

At 1 January 2025

-

95,455

95,455

Charge for year

-

11,397

11,397

Eliminated on disposal

-

(17,272

)

(17,272

)

At 31 December 2025

-

89,580

89,580

NET BOOK VALUE

At 31 December 2025

253,280

16,169

269,449

At 31 December 2024

253,280

23,521

276,801

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

15,093

8,959

Other debtors

3,377

2,656

18,470

11,615

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

8,777

10,648

Trade creditors

1,606

5,530

Taxation and social security

(39

)

(317

)

Other creditors

5,787

3,684

16,131

19,545

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

-

8,417