Thanks for the info, that's plenty to get me off and running!
As I said I dont know too much about bike rebuilding, but I cut my teeth in engineering so I am fine with getting stuck in and learning as I go.
I also know it's a bad idea to just buy something because of the colour, but these puppies look ace to my untrained eyes.
WANHUA PRO Racing Tyre in Yellow Colour
Rim: No Logo 700c 40mm Deep Section Alloy Light Weight Yellow Rim with Double Wall Design for Longer Life
Spoke: 32 Spokes in White Colour
Hub: QUANDO Flip-Flop Sealed Bearing Hub in Red Colour
Free Wheel: 18 Teeth Free Wheel
Fixed Wheel: 18 Teeth Fixed Wheel
Please tell me they are ideal?
Oh and the bike will be used to get me to work and back on a fairly hilly route, but I'm quite fit and currently commute on a hybrid so the fitness aspect is ok. I think I will play around with the gearing so that the uphill is a little harder than I would like (masochist), making the flat sections nice and fast and the downhill manageable (dont want to spin my legs off), So I will start with your recommendation and work from there