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REGISTERED NUMBER: 10963071 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

Wigpool Holdings Limited

Wigpool Holdings Limited (Registered number: 10963071)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Wigpool Holdings Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mrs S Harris
Mr G Kettle
Mr C Harper
Mr D Lewis





REGISTERED OFFICE: Unit 46 Eagle Road
Norths Moons Moat Industrial Estate
Redditch
Worcestershire
B98 9HE





REGISTERED NUMBER: 10963071 (England and Wales)

Wigpool Holdings Limited (Registered number: 10963071)

Abridged Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 536,618 453,865
Investments 5 501,303 515,340
1,037,921 969,205

CURRENT ASSETS
Debtors 85,569 220,166
Cash at bank 395,725 390,851
481,294 611,017
CREDITORS
Amounts falling due within one year 84,158 190,954
NET CURRENT ASSETS 397,136 420,063
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,435,057

1,389,268

CREDITORS
Amounts falling due after more than one year - (6,788 )

PROVISIONS FOR LIABILITIES (134,155 ) (86,234 )
NET ASSETS 1,300,902 1,296,246

CAPITAL AND RESERVES
Called up share capital 6 100 103
Revaluation reserve 7 207,015 207,015
Capital redemption reserve 7 3 -
Retained earnings 7 1,093,784 1,089,128
SHAREHOLDERS' FUNDS 1,300,902 1,296,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

Wigpool Holdings Limited (Registered number: 10963071)

Abridged Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2023 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 and authorised for issue on 29 August 2023 and were signed on its behalf by:





Mr G Kettle - Director


Wigpool Holdings Limited (Registered number: 10963071)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Wigpool Holdings Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 17.5% on reducing balance
Office equipment - 17.5% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any impairment, with any aggregate surplus or deficit arising from changes in the fair value recognised in the profit and loss account.

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.

Wigpool Holdings Limited (Registered number: 10963071)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 July 2022 574,152
Additions 172,001
Disposals (400 )
At 30 June 2023 745,753
DEPRECIATION
At 1 July 2022 120,287
Charge for year 88,919
Eliminated on disposal (71 )
At 30 June 2023 209,135
NET BOOK VALUE
At 30 June 2023 536,618
At 30 June 2022 453,865

Cost or valuation at 30 June 2023 is represented by:

Totals
£   
Valuation in 2018 144,210
Valuation in 2022 62,805
Cost 538,738
745,753

Wigpool Holdings Limited (Registered number: 10963071)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 July 2022
and 30 June 2023 1,200,000
PROVISIONS
At 1 July 2022 684,660
Charge for year 14,037
At 30 June 2023 698,697
NET BOOK VALUE
At 30 June 2023 501,303
At 30 June 2022 515,340

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100
NIL Ordinary A £1 - 3
100 103

During the year the company purchased back the 3 £1 Ordinary A shares for £3.

7. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 July 2022 1,089,128 207,015 - 1,296,143
Profit for the year 177,159 - - 177,159
Dividends (172,500 ) - - (172,500 )
Purchase of own shares (3 ) - 3 -
At 30 June 2023 1,093,784 207,015 3 1,300,802

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.