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REGISTERED NUMBER: 07711797 (England and Wales)















WIGGY'S HAIR LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023






WIGGY'S HAIR LTD (REGISTERED NUMBER: 07711797)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


WIGGY'S HAIR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTOR: Mr. J E Davies





REGISTERED OFFICE: 4
Bradley Street
Abercynon
Pontypridd
CF45 4NT





REGISTERED NUMBER: 07711797 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

WIGGY'S HAIR LTD (REGISTERED NUMBER: 07711797)

STATEMENT OF FINANCIAL POSITION
31ST JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 (2,000 ) (1,000 )

CREDITORS
Amounts falling due within one year 5 58,552 50,408
NET CURRENT LIABILITIES (58,552 ) (50,408 )
TOTAL ASSETS LESS CURRENT LIABILITIES (60,552 ) (51,408 )

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings (60,553 ) (51,409 )
SHAREHOLDERS' FUNDS (60,552 ) (51,408 )

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

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

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd April 2024 and were signed by:





Mr. J E Davies - Director


WIGGY'S HAIR LTD (REGISTERED NUMBER: 07711797)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023


1. STATUTORY INFORMATION

Wiggy's Hair Ltd 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.

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.

Goodwill
Goodwill is amortised on a straight line basis over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

WIGGY'S HAIR LTD (REGISTERED NUMBER: 07711797)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st August 2022
and 31st July 2023 10,000
AMORTISATION
At 1st August 2022 11,000
Amortisation for year 1,000
At 31st July 2023 12,000
NET BOOK VALUE
At 31st July 2023 (2,000 )
At 31st July 2022 (1,000 )

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 684 -
Other creditors 57,868 50,408
58,552 50,408

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1