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Company Registration No. 10490448 (England and Wales)
The Wonderful Wig Company Limited Unaudited accounts for the year ended 31 October 2024
The Wonderful Wig Company Limited Unaudited accounts Contents
Page
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The Wonderful Wig Company Limited Company Information for the year ended 31 October 2024
Director
Nicola Wood
Company Number
10490448 (England and Wales)
Registered Office
28 Lime Street Ouseburn Newcastle Upon Tyne NE1 2PL United Kingdom
Accountants
Abacus Jack Ltd New Century House Crowther Road Washington Tyne and Wear NE38 0QA
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The Wonderful Wig Company Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
110,263 
142,462 
Current assets
Inventories
71,004 
60,000 
Debtors
38,190 
36,246 
Cash at bank and in hand
56,804 
93,433 
165,998 
189,679 
Creditors: amounts falling due within one year
(95,179)
(144,030)
Net current assets
70,819 
45,649 
Total assets less current liabilities
181,082 
188,111 
Creditors: amounts falling due after more than one year
(58,686)
(68,883)
Provisions for liabilities
Deferred tax
(20,950)
(24,012)
Net assets
101,446 
95,216 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
101,444 
95,214 
Shareholders' funds
101,446 
95,216 
For the year ending 31 October 2024 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 her 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 23 July 2025 and were signed on its behalf by
Nicola Wood Director Company Registration No. 10490448
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The Wonderful Wig Company Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
The Wonderful Wig Company Limited is a private company, limited by shares, registered in England and Wales, registration number 10490448. The registered office is 28 Lime Street, Ouseburn, Newcastle Upon Tyne, NE1 2PL, United Kingdom.
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 as modified by the revaluation of certain fixed assets.
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:
Land & buildings
No depreciation
Motor vehicles
25% reducing balance
Fixtures & fittings
15% straight line
Computer equipment
33% reducing balance
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The Wonderful Wig Company Limited Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2023
16,083 
88,540 
68,055 
8,622 
181,300 
Additions
- 
- 
- 
6,158 
6,158 
At 31 October 2024
16,083 
88,540 
68,055 
14,780 
187,458 
Depreciation
At 1 November 2023
- 
11,067 
23,519 
4,252 
38,838 
Charge for the year
- 
19,368 
10,208 
8,781 
38,357 
At 31 October 2024
- 
30,435 
33,727 
13,033 
77,195 
Net book value
At 31 October 2024
16,083 
58,105 
34,328 
1,747 
110,263 
At 31 October 2023
16,083 
77,473 
44,536 
4,370 
142,462 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
11,049 
11,908 
Trade debtors
21,637 
20,919 
Amounts due from group undertakings etc.
3,539 
1,454 
Other debtors
1,965 
1,965 
38,190 
36,246 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,095 
5,200 
Obligations under finance leases and hire purchase contracts
13,451 
13,260 
Trade creditors
38,375 
52,066 
Taxes and social security
2,061 
2,829 
Other creditors
5,112 
34,181 
Loans from directors
29,259 
34,844 
Accruals
1,826 
1,650 
95,179 
144,030 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,139 
8,233 
Obligations under finance leases and hire purchase contracts
55,547 
60,650 
58,686 
68,883 
8
Average number of employees
During the year the average number of employees was 12 (2023: 11).
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