Wigs Up North LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC320900

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		20,002		21,212

			20,002		21,212
CURRENT ASSETS
Stocks	5	4,250		4,250
Debtors	6	5,700		3,282
Cash at bank and in hand		117,872		141,992

		127,822		149,524
Creditors: Amounts Falling Due Within One Year	7	(5,407 )		(7,718 )

NET CURRENT ASSETS (LIABILITIES)			122,415		141,806

TOTAL ASSETS LESS CURRENT LIABILITIES			142,417		163,018

Creditors: Amounts Falling Due After More Than One Year	8		(5,538 )		(46,821 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			136,879		116,197

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		79,708		59,026

			79,708		59,026

Equity
Members' other interests
Members' capital		57,171		57,171

			57,171		57,171

			136,879		116,197

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			79,708		59,026
Members' other interests			57,171		57,171

			136,879		116,197

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Wigs Up North LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Elizabeth Armstrong

Designated Member

9 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Wigs Up North LLP is a limited liability partnership, incorporated in England & Wales, registered number OC320900 . The Registered Office is Bank House, Market Street, Whaley Bridge, Derbyshire, SK23 7AA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0% Straight Line
Plant & Machinery	5% Straight Line
Motor Vehicles	5% Straight Line
Computer Equipment	5% Straight Line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2024: 2)

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Wigs Up North LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	14,563	22,668	8,602	45,833

As at 31 March 2025	14,563	22,668	8,602	45,833

Depreciation
As at 1 April 2024	13,185	2,834	8,602	24,621
Provided during the period	77	1,133	-	1,210

As at 31 March 2025	13,262	3,967	8,602	25,831

Net Book Value
As at 31 March 2025	1,301	18,701	-	20,002

As at 1 April 2024	1,378	19,834	-	21,212

5. Stocks

	31 March 2025	31 March 2024
	£	£
Stock	4,250	4,250

6. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Trade debtors	5,700	600
Prepayments and accrued income	-	2,682

	5,700	3,282

7. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Trade creditors	459	233
VAT	4,948	5,605
Accruals and deferred income	-	1,880

	5,407	7,718

8. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	31 March 2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	25,256
Bank loans	5,538	21,565

	5,538	46,821

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Wigs Up North LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Obligations Under Finance Leases and Hire Purchase

	31 March 2025	31 March 2024
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	-	25,256

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