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
The Wonderful Wig Company Limited
Company Information
for the year ended 31 October 2024
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
The Wonderful Wig Company Limited
Statement of financial position
as at 31 October 2024
Tangible assets
110,263
142,462
Cash at bank and in hand
56,804
93,433
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)
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
The Wonderful Wig Company Limited
Notes to the Accounts
for the year ended 31 October 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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
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
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
Amounts falling due within one year
Trade debtors
21,637
20,919
Amounts due from group undertakings etc.
3,539
1,454
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
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
55,547
60,650
8
Average number of employees
During the year the average number of employees was 12 (2023: 11).