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Company Registration No. 10026789 (England and Wales)
Wig & Pen Limited Unaudited accounts for the year ended 28 February 2023
Wig & Pen Limited Unaudited accounts Contents
Page
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Wig & Pen Limited Company Information for the year ended 28 February 2023
Director
Alexander Adams
Company Number
10026789 (England and Wales)
Registered Office
The Gallery New Quay Street Teignmouth Devon TQ14 8DA
Accountants
Yannons Chartered Accountants The Gallery New Quay Street Teignmouth Devon TQ14 8DA
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Wig & Pen Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,363 
1,273 
Current assets
Debtors
44,134 
15,582 
Cash at bank and in hand
3,336 
15,033 
47,470 
30,615 
Creditors: amounts falling due within one year
(46,533)
(31,607)
Net current assets/(liabilities)
937 
(992)
Total assets less current liabilities
2,300 
281 
Provisions for liabilities
Deferred tax
(259)
(242)
Net assets
2,041 
39 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,040 
38 
Shareholders' funds
2,041 
39 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 November 2023 and were signed on its behalf by
Alexander Adams Director Company Registration No. 10026789
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Wig & Pen Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Wig & Pen Limited is a private company, limited by shares, registered in England and Wales, registration number 10026789. The registered office is The Gallery, New Quay Street, Teignmouth, Devon, TQ14 8DA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Computer equipment
33% straight line
Deferred taxation
Deferred tax, where material, arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Wig & Pen Limited Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
914 
1,815 
2,729 
Additions
- 
849 
849 
At 28 February 2023
914 
2,664 
3,578 
Depreciation
At 1 March 2022
213 
1,243 
1,456 
Charge for the year
183 
576 
759 
At 28 February 2023
396 
1,819 
2,215 
Net book value
At 28 February 2023
518 
845 
1,363 
At 28 February 2022
701 
572 
1,273 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,707 
1,572 
Accrued income and prepayments
15,314 
10,708 
Other debtors
20,113 
3,302 
44,134 
15,582 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
9,494 
8,685 
Taxes and social security
22,894 
8,897 
Accruals
1,695 
1,575 
Deferred income
12,450 
12,450 
46,533 
31,607 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1 
1 
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Wig & Pen Limited Notes to the Accounts for the year ended 28 February 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Alexander Adams
3,302 
20,113 
3,302 
20,113 
3,302 
20,113 
3,302 
20,113 
This loan is repayable on demand and interest of £234 has been charged.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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