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Company Registration No. 04099175 (England and Wales)
Wheels VT Limited Unaudited accounts for the year ended 30 January 2026
Wheels VT Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Wheels VT Limited Company Information for the year ended 30 January 2026
Director
Reece Elliott McNally
Secretary
Marion A Mcnally
Company Number
04099175 (England and Wales)
Registered Office
Southside Farm London Road Wooburn Green High Wycombe Buckinghamshire HP10 0NN England
Accountants
James Norman Business Advisory Limited 27 Sheet Street Windsor SL4 1BN
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Wheels VT Limited Statement of financial position as at 30 January 2026
2026 
2025 
Notes
£ 
£ 
Fixed assets
Tangible assets
3
11,399 
14,546 
Current assets
Inventories
7,200 
7,200 
Debtors
4
140,120 
143,274 
Cash at bank and in hand
37 
37 
147,357 
150,511 
Creditors: amounts falling due within one year
5
(154,998)
(144,728)
Net current (liabilities)/assets
(7,641)
5,783 
Total assets less current liabilities
3,758 
20,329 
Creditors: amounts falling due after more than one year
6
- 
(3,946)
Provisions for liabilities
Deferred tax
(2,574)
(3,342)
Net assets
1,184 
13,041 
Capital and reserves
Called up share capital
7
1,000 
1,000 
Profit and loss account
184 
12,041 
Shareholders' funds
1,184 
13,041 
For the year ending 30 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2026 and were signed on its behalf by
Reece Elliott McNally Director Company Registration No. 04099175
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Wheels VT Limited Notes to the Accounts for the year ended 30 January 2026
1
Statutory information
Wheels VT Limited is a private company, limited by shares, registered in England and Wales, registration number 04099175. The registered office is Southside Farm, London Road, Wooburn Green, High Wycombe, Buckinghamshire, HP10 0NN, England.
2
Accounting policies
Basis of preparation
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Period of lease
Plant & machinery
12.50% straight line
Motor vehicles
25.00% straight line
Fixtures & fittings
33.33% straight line
Inventories
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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 taxation
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.
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Wheels VT Limited Notes to the Accounts for the year ended 30 January 2026
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
3
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 31 January 2025
12,674 
125,722 
3,700 
29,959 
172,055 
Additions
- 
- 
- 
3,003 
3,003 
At 30 January 2026
12,674 
125,722 
3,700 
32,962 
175,058 
Depreciation
At 31 January 2025
12,674 
115,071 
2,594 
27,170 
157,509 
Charge for the year
- 
4,276 
325 
1,549 
6,150 
At 30 January 2026
12,674 
119,347 
2,919 
28,719 
163,659 
Net book value
At 30 January 2026
- 
6,375 
781 
4,243 
11,399 
At 30 January 2025
- 
10,651 
1,106 
2,789 
14,546 
4
Debtors
2026 
2025 
£ 
£ 
Amounts falling due within one year
Trade debtors
69,320 
58,473 
Amounts due from group undertakings etc.
70,800 
73,800 
Other debtors
- 
11,001 
140,120 
143,274 
5
Creditors: amounts falling due within one year
2026 
2025 
£ 
£ 
Bank loans and overdrafts
44,473 
55,914 
VAT
33,984 
31,467 
Trade creditors
21,529 
13,957 
Taxes and social security
51,310 
35,702 
Other creditors
3,701 
7,688 
Loans from directors
1 
- 
154,998 
144,728 
- 6 -
Wheels VT Limited Notes to the Accounts for the year ended 30 January 2026
6
Creditors: amounts falling due after more than one year
2026 
2025 
£ 
£ 
Bank loans
- 
3,946 
7
Share capital
2026 
2025 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
8
Loans to directors
The loan is fully repayable on demand. Interest has been charged at 2.25%.
9
Transactions with related parties
Included in other debtors is £70,800 (2025 - £73,800) owed from Moravia Wines Limited. Mr R McNally is a director and shareholder of this company.
10
Average number of employees
During the year the average number of employees was 9 (2025: 8).
- 7 -