Wheelhouse UK Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05866939 (England and Wales)

Abridged Financial Statements for the Year Ended 31 March 2017

for

WHEELHOUSE UK LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N Dharumaretnam

J F Cumming

SECRETARY:

J F Cumming

REGISTERED OFFICE:

Ferrari House

258 Field End Road

Ruislip

Middlesex

HA4 9UU

BUSINESS ADDRESS:

71a The Grove

Ealing

London

W5 5LL

REGISTERED NUMBER:

05866939 (England and Wales)

ACCOUNTANTS:

Diverset Limited

Chartered Accountants

Ferrari House

258 Field End Road

Ruislip

Middlesex

HA4 9UU

FIXED ASSETS

Tangible assets

5

2,057

2,742

CURRENT ASSETS

Debtors

132,107

81,905

Cash at bank and in hand

362,095

260,605

494,202

342,510

CREDITORS

Amounts falling due within one year

58,308

56,378

NET CURRENT ASSETS

435,894

286,132

TOTAL ASSETS LESS CURRENT LIABILITIES

437,951

288,874

PROVISIONS FOR LIABILITIES

201

-

NET ASSETS

437,750

288,874

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

437,550

288,674

SHAREHOLDERS' FUNDS

437,750

288,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 5 July 2017 and were signed on its behalf by:

N Dharumaretnam - Director

J F Cumming - Director

1.	STATUTORY INFORMATION

Wheelhouse UK Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

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

-

25% on reducing balance

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 tax

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

6,500

DEPRECIATION

At 1 April 2016

3,758

Charge for year

685

At 31 March 2017

4,443

NET BOOK VALUE

At 31 March 2017

2,057

At 31 March 2016

2,742

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £73,000 were paid to the directors .

Article 13 Limited

A company under common control, and in which JF Cumming is a director.

During the year, the company made purchases of £7,750 (2016- £3,000) from Article 13 Ltd.

Neela Bettridge Ltd

A company in which N Dharumaretnam is a Director/controlling party

During the year the company made purchases in the sum of £27,000 (2016: £27,000) from NB Limited.

7.	ULTIMATE CONTROLLING PARTY

The company is controlled by its Director/shareholders. There is no single controlling party.