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COMPANY REGISTRATION NUMBER: 10305400

WHEELIE KLIPS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2026

WHEELIE KLIPS LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2026

| 2026 | 2025
Note | £ | £ | £ | £

FIXED ASSETS

Intangible assets | 5 |  | 80 |  | 256

CURRENT ASSETS

Stocks | 7,334 |  | 9,031 |
Debtors | 7 | 4,971 |  | 2,431 |
Cash at bank and in hand | 3,577 |  | 5,198 |
| -------- |  | -------- |
| 15,882 |  | 16,660 |

CREDITORS: amounts falling due within one year | 8 | 109,321 |  | 114,258 |
| --------- |  | --------- |
NET CURRENT LIABILITIES |  | 93,439 |  | 97,598
|  | -------- |  | --------
TOTAL ASSETS LESS CURRENT LIABILITIES |  | ( 93,359) |  | ( 97,342)
|  | -------- |  | --------
NET LIABILITIES |  | ( 93,359) |  | ( 97,342)
|  | -------- |  | --------

CAPITAL AND RESERVES

Called up share capital |  | 200 |  | 200
Profit and loss account |  | ( 93,559) |  | ( 97,542)
|  | -------- |  | --------
SHAREHOLDERS DEFICIT |  | ( 93,359) |  | ( 97,342)
|  | -------- |  | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

WHEELIE KLIPS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2026
These financial statements were approved by the board of directors and authorised for issue on 10 August 2026 , and are signed on behalf of the board by:

Mr M Deacon
Director

Company registration number: 10305400

WHEELIE KLIPS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in UK. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, NN15 6WJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company currently meets its daily working capital requirements through operating revenues, banking facilities and financial support from the directors. On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Patents, trademarks and licences | - | 20% straight line
| Website | - | 33 1/3% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 20% straight line

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2025: 2 ).
5. INTANGIBLE ASSETS

| Patents, trademarks and licences | Website | Total
| £ | £ | £
Cost |  |  |
At 1 April 2025 and 31 March 2026 | 3,564 | 4,653 | 8,217
| ------- | ------- | -------
Amortisation |  |  |
At 1 April 2025 | 3,308 | 4,653 | 7,961
Charge for the year | 176 | – | 176
| ------- | ------- | -------
At 31 March 2026 | 3,484 | 4,653 | 8,137
| ------- | ------- | -------
Carrying amount |  |  |
At 31 March 2026 | 80 | – | 80
| ------- | ------- | -------
At 31 March 2025 | 256 | – | 256
| ------- | ------- | -------

6. TANGIBLE ASSETS

| Plant and machinery
| £
Cost |
At 1 April 2025 and 31 March 2026 | 9,173
| -------
Depreciation |
At 1 April 2025 and 31 March 2026 | 9,173
| -------
Carrying amount |
At 31 March 2026 | –
| -------
At 31 March 2025 | –
| -------

7. DEBTORS

| 2026 | 2025
| £ | £
Trade debtors | 4,917 | 2,396
Other debtors | 54 | 35
| ------- | -------
| 4,971 | 2,431
| ------- | -------

8. CREDITORS: amounts falling due within one year

| 2026 | 2025
| £ | £
Trade creditors | 812 | 596
Social security and other taxes | 502 | 372
Other creditors | 108,007 | 113,290
| --------- | ---------
| 109,321 | 114,258
| --------- | ---------

9. GOING CONCERN
The directors have considered the period to 31 August 2027 when assessing the company's ability to continue as a going concern. It is believed that the company will either be able to satisfy it's liabilities as these become payable, or alternatively will be sold as a going concern.