RL WIGS C.I.C.

Company limited by guarantee

Company Registration Number:
13214765 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 1 March 2022

End date: 28 February 2023

RL WIGS C.I.C.

Contents of the Financial Statements

for the Period Ended 28 February 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

RL WIGS C.I.C.

Directors' report period ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Directors

The director shown below has held office during the whole of the period from
1 March 2022 to 28 February 2023

Rachel Lerner


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
26 February 2024

And signed on behalf of the board by:
Name: Rachel Lerner
Status: Director

RL WIGS C.I.C.

Profit And Loss Account

for the Period Ended 28 February 2023

2023 2022


£

£
Turnover: 68,981 57,863
Cost of sales: ( 58,795 ) ( 49,005 )
Gross profit(or loss): 10,186 8,858
Administrative expenses: ( 11,104 ) ( 9,550 )
Operating profit(or loss): (918) (692)
Interest receivable and similar income: 5
Profit(or loss) before tax: (913) (692)
Profit(or loss) for the financial year: (913) (692)

RL WIGS C.I.C.

Balance sheet

As at 28 February 2023

Notes 2023 2022


£

£
Current assets
Stocks: 3 4,000 4,500
Cash at bank and in hand: 2,075 1,614
Total current assets: 6,075 6,114
Creditors: amounts falling due within one year: 4 ( 7,680 ) ( 6,806 )
Net current assets (liabilities): (1,605) (692)
Total assets less current liabilities: (1,605) ( 692)
Total net assets (liabilities): (1,605) (692)
Members' funds
Profit and loss account: (1,605) ( 692)
Total members' funds: ( 1,605) (692)

The notes form part of these financial statements

RL WIGS C.I.C.

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 26 February 2024
and signed on behalf of the board by:

Name: Rachel Lerner
Status: Director

The notes form part of these financial statements

RL WIGS C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

RL WIGS C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

RL WIGS C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Stocks

2023 2022
£ £
Stocks 4,000 4,500
Total 4,000 4,500

RL WIGS C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 0 4,126
Taxation and social security 100 100
Other creditors 7,580 2,580
Total 7,680 6,806

COMMUNITY INTEREST ANNUAL REPORT

RL WIGS C.I.C.

Company Number: 13214765 (England and Wales)

Year Ending: 28 February 2023

Company activities and impact

The company sells wigs at almost cost price to help those who need one for religious or medical reason avoid having to pay the very expensive prices in the market.

Consultation with stakeholders

The stakeholders are the customers and they ae very happy that such a service exists.

Directors' remuneration

The director was paid £7,500 salary during the year. No other benefits was paid to the director.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
26 February 2024

And signed on behalf of the board by:
Name: Rachel Lerner
Status: Director