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REGISTERED NUMBER: SC389542 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Curl Up 'N' Dye (Wick) Ltd

Curl Up 'N' Dye (Wick) Ltd (Registered number: SC389542)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Curl Up 'N' Dye (Wick) Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTOR: Mrs L Sutherland



SECRETARY: Mrs L Sutherland



REGISTERED OFFICE: Kirk Lane
Wick
Caithness
KW1 4NN



REGISTERED NUMBER: SC389542 (Scotland)



ACCOUNTANTS: Reid & Fraser
Chartered Accountants
92 High Street
Wick
Caithness
KW1 4LY



BANKERS: The Royal Bank of Scotland plc
Thurso Branch
Olrig Street
Thurso
Caithness
KW14 7BL

Curl Up 'N' Dye (Wick) Ltd (Registered number: SC389542)

Balance Sheet
31 January 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 40,811 44,076

CURRENT ASSETS
Stocks 2,730 2,600
Debtors 5 - 432
Cash at bank and in hand 33,092 37,091
35,822 40,123
CREDITORS
Amounts falling due within one year 6 (22,127 ) (24,849 )
NET CURRENT ASSETS 13,695 15,274
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,506

59,350

CREDITORS
Amounts falling due after more than one
year

7

(17,430

)

(18,610

)
NET ASSETS 37,076 40,740

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 36,976 40,640
SHAREHOLDERS' FUNDS 37,076 40,740

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Curl Up 'N' Dye (Wick) Ltd (Registered number: SC389542)

Balance Sheet - continued
31 January 2023


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

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

The financial statements were approved by the director and authorised for issue on 20 October 2023 and were signed by:





Mrs L Sutherland - Director


Curl Up 'N' Dye (Wick) Ltd (Registered number: SC389542)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Curl Up 'N' Dye (Wick) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 4% straight line
Plant and machinery etc - 15% reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

Curl Up 'N' Dye (Wick) Ltd (Registered number: SC389542)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2022 40,669 30,998 71,667
Additions - 849 849
Disposals - (868 ) (868 )
At 31 January 2023 40,669 30,979 71,648
DEPRECIATION
At 1 February 2022 8,133 19,458 27,591
Charge for year 1,627 1,749 3,376
Eliminated on disposal - (130 ) (130 )
At 31 January 2023 9,760 21,077 30,837
NET BOOK VALUE
At 31 January 2023 30,909 9,902 40,811
At 31 January 2022 32,536 11,540 44,076

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 849
At 31 January 2023 849
DEPRECIATION
Charge for year 127
At 31 January 2023 127
NET BOOK VALUE
At 31 January 2023 722

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 432

Curl Up 'N' Dye (Wick) Ltd (Registered number: SC389542)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,423 2,047
Hire purchase contracts 250 -
Trade creditors 707 3,688
Taxation and social security 8,515 10,363
Other creditors 10,232 8,751
22,127 24,849

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 17,056 18,610
Hire purchase contracts 374 -
17,430 18,610