REGISTERED NUMBER: 07793313 (England and Wales)

Vintage Wheels Limited

Unaudited Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R C Wheeler

Miss S A Wheeler

A G Wheeler

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

07793313 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

Barclays Bank plc

16 High Street

Bridgwater

Somerset

TA6 3DX

FIXED ASSETS

Tangible assets

5

162,587

225,207

CURRENT ASSETS

Debtors

129,005

111,005

Cash at bank

45,964

33,063

174,969

144,068

CREDITORS

Amounts falling due within one year

2,400

2,504

NET CURRENT ASSETS

172,569

141,564

TOTAL ASSETS LESS CURRENT LIABILITIES

335,156

366,771

PROVISIONS FOR LIABILITIES

12,832

19,137

NET ASSETS

322,324

347,634

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

574,848

574,848

Retained earnings

(253,524

)

(228,214

)

SHAREHOLDERS' FUNDS

322,324

347,634

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 directors acknowledge their 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2026 and were signed on its behalf by:

Miss S A Wheeler - Director

1.	STATUTORY INFORMATION

Vintage Wheels 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis which assumes the continued support of the company's directors.

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.

Land and buildings

-

10% on cost

Plant and machinery etc

-

20% on cost and 5% on cost

No depreciation has been charge on the vintage cars held within motor vehicles as the directors consider their present value to be greater than the carrying value in the financial statements.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

238,034

Disposals

(62,620

)

At 31 December 2025

175,414

DEPRECIATION

At 1 January 2025

and 31 December 2025

12,827

NET BOOK VALUE

At 31 December 2025

162,587

At 31 December 2024

225,207

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

Miss S A Wheeler

Balance outstanding at start of year

18,395

-

Amounts advanced

22,395

18,395

Amounts repaid

(18,395

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

22,395

18,395

A G Wheeler

Balance outstanding at start of year

14,145

-

Amounts advanced

18,145

14,145

Amounts repaid

(14,145

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

18,145

14,145