Wheel Solutions Holdings Limited
Private Limited Company · Cannock
ActiveUnited KingdomIncorporated 2021Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Group accounts
Net assets
£1,802,152
Cash
£131,561
Turnover
£9,423,124
Profit / loss
£327,147
Current assets
£5,559,960
Creditors < 1 year
£3,926,043
Equity
£1,802,152
Average employees
Not available
Balance-sheet trend
GBP · consolidatedFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-31Group · AI-read | 2024-12-31Group · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | £1,802,152 | £1,520,805 |
| Equity | £1,802,152 | £1,520,805 |
| Share capital | £200 | £200 |
| Retained earnings | £1,801,952 | £1,520,605 |
| Assets | ||
| Fixed assets | £1,377,832 | £1,619,657 |
| Intangible assets | £1,317,511 | £1,572,513 |
| Property, plant & equipment | £60,286 | £47,109 |
| Investments | £35 | £35 |
| Current assets | £5,559,960 | £4,686,710 |
| Cash at bank | £131,561 | £69,585 |
| Debtors | £1,802,383 | £1,742,674 |
| Stock | £2,563,212 | £2,874,451 |
| Liabilities | ||
| Creditors within one year | £3,926,043 | £2,946,752 |
| Creditors after one year | £1,202,157 | £1,837,158 |
| Provisions | £7,440 | £1,652 |
| Net current assets | £1,633,917 | £1,739,958 |
| Assets less current liabilities | £3,011,749 | £3,359,615 |
| Profit & loss | ||
| Turnover | £9,423,124 | £8,665,098 |
| Cost of sales | £7,397,679 | £6,816,470 |
| Gross profit | £2,025,445 | £1,848,628 |
| Administrative expenses | £1,455,175 | £1,451,759 |
| Operating profit | £570,270 | £396,869 |
| Interest receivable | £7,101 | — |
| Interest payable | £59,367 | £89,722 |
| Profit before tax | £518,004 | £307,147 |
| Tax | £190,857 | £139,274 |
| Profit / loss | £327,147 | £167,873 |
| Operating costs | ||
| Depreciation | £18,034 | £29,319 |
| Amortisation | £255,002 | £255,002 |
| Operating lease charges | £129,999 | £127,470 |
| Audit fees | £14,850 | £14,125 |
| Research & development | £2,206 | £6,080 |
| Cash flow | ||
| Cash from operations | £1,884,058 | £1,023,188 |
| Capital expenditure | £31,211 | £15,479 |
| People & pay | ||
| Staff costs | £805,432 | £761,565 |
| Wages & salaries | £694,345 | £679,427 |
| Social security costs | £61,339 | £51,568 |
| Pension costs | £49,748 | £30,570 |
| Directors' remuneration | £100,500 | £100,000 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Auditor
- Dains Audit Limited
- Audit opinion
- Clean (unmodified)
- Ultimate controlling party
- J G Budding
- Accounts
- Full accounts · FRS 102
- Approved
- 2026-03-24, signed by J G Budding
Subsidiaries (1)
- Wheel Solutions Group Limited · 100% · Unit 2 Upper Keys Business Park, Cannock, WS12 2GE
Turnover by segment (4)
- United Kingdom: 9,119,433 (2025-12-31)
- Rest of Europe: 303,691 (2025-12-31)
- United Kingdom: 8,433,088 (2024-12-31)
- Rest of Europe: 232,010 (2024-12-31)
Related parties (2)
- directors · Directors · Group owed the directors; no interest is being charged on these loans · £8,272 (2024: £32,297)
- group undertakings · Group undertakings · Amounts owed to group undertakings · 3,864,435 (2024: 3,479,435)
Borrowings (2)
- Bank loans (Coronavirus Business Interruption Loan Scheme (CBILS)) · 250,000 current; 291,665 due after more than one year · 5% over base rate · Repayable in equal instalments over a six year period · secured on Secured against the assets of the Group
- Banking facility included within other creditors · £479,458 (2024: £725,905) · secured on Secured against the assets of the Group
Share classes (2)
- 170 Ordinary A shares of £1.00 each
- 30 Ordinary B shares of £1.00 each
Contingent liabilities (1)
- There exists a debenture substantially in agreed form between Mr S J and Mrs J P Budding and Wheel Solutions Holdings Limited.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
1 outstanding chargesAll Assets · created 2021-06-08
—
Outstanding