Company Registration No. 11344480 (England and Wales)
WHEEL PERFECTION MOBILES LIMITED
Unaudited accounts
for the year ended 31 May 2022
WHEEL PERFECTION MOBILES LIMITED
Unaudited accounts
Contents
WHEEL PERFECTION MOBILES LIMITED
Company Information
for the year ended 31 May 2022
Company Number
11344480 (England and Wales)
Registered Office
Unit O
Court Works Industrial Estate
TELFORD
Shropshire
TF7 4JB
United Kingdom
Accountants
Martin Accountancy Services
3 St Peters Court
Norbury
Stafford
Staffordshire
ST20 0PQ
WHEEL PERFECTION MOBILES LIMITED
Statement of financial position
as at
31 May 2022
Tangible assets
19,775
24,719
Cash at bank and in hand
1,504
6,668
Creditors: amounts falling due within one year
(32,322)
(49,510)
Net current assets
26,690
24,065
Total assets less current liabilities
46,465
48,784
Creditors: amounts falling due after more than one year
(39,815)
(44,444)
Profit and loss account
6,650
4,340
Shareholders' funds
6,650
4,340
For the year ending 31 May 2022 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 31 August 2022 and were signed on its behalf by
Craig Hosell
Director
Company Registration No. 11344480
WHEEL PERFECTION MOBILES LIMITED
Notes to the Accounts
for the year ended 31 May 2022
WHEEL PERFECTION MOBILES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11344480. The registered office is Unit O, Court Works Industrial Estate, TELFORD, Shropshire, TF7 4JB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Motor vehicles
20% Reducing
4
Tangible fixed assets
Motor vehicles
Cost or valuation
At cost
Charge for the year
4,944
5
Debtors: amounts falling due within one year
2022
2021
Trade debtors
20,658
23,052
Other debtors
36,850
43,855
WHEEL PERFECTION MOBILES LIMITED
Notes to the Accounts
for the year ended 31 May 2022
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
5,622
5,556
Trade creditors
12,135
22,509
Taxes and social security
-
2,847
Loans from directors
6,059
17,235
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).