REGISTERED NUMBER: SC389542 (Scotland)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Curl Up 'N' Dye (Wick) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs L Sutherland

SECRETARY:

Mrs L Sutherland

REGISTERED OFFICE:

Kirk Lane

Wick

Caithness

KW1 4NN

REGISTERED NUMBER:

SC389542 (Scotland)

ACCOUNTANTS:

Reid & Fraser

Chartered Accountants

92 High Street

Wick

Caithness

KW1 4LY

BANKERS:

The Royal Bank of Scotland plc

Thurso Branch

Olrig Street

Thurso

Caithness

KW14 7BL

FIXED ASSETS

Tangible assets

4

35,271

38,241

CURRENT ASSETS

Stocks

2,370

2,870

Cash at bank and in hand

34,772

26,345

37,142

29,215

CREDITORS

Amounts falling due within one year

5

(18,538

)

(16,756

)

NET CURRENT ASSETS

18,604

12,459

TOTAL ASSETS LESS CURRENT LIABILITIES

53,875

50,700

CREDITORS

Amounts falling due after more than one year

6

(13,244

)

(14,379

)

PROVISIONS FOR LIABILITIES

(1,052

)

(1,220

)

NET ASSETS

39,579

35,101

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

39,479

35,001

SHAREHOLDERS' FUNDS

39,579

35,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

Mrs L Sutherland - Director

1.	STATUTORY INFORMATION

Curl Up 'N' Dye (Wick) Ltd is a private company, limited by shares , registered in Scotland. 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.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

4% straight line

Plant and machinery etc

-

15% reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2024

and 31 January 2025

40,669

41,368

82,037

DEPRECIATION

At 1 February 2024

11,386

32,410

43,796

Charge for year

1,627

1,343

2,970

At 31 January 2025

13,013

33,753

46,766

NET BOOK VALUE

At 31 January 2025

27,656

7,615

35,271

At 31 January 2024

29,283

8,958

38,241

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 February 2024

and 31 January 2025

849

DEPRECIATION

At 1 February 2024

235

Charge for year

92

At 31 January 2025

327

NET BOOK VALUE

At 31 January 2025

522

At 31 January 2024

614

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,970

2,260

Hire purchase contracts

125

250

Trade creditors

4,272

1,781

Taxation and social security

9,447

7,973

Other creditors

2,724

4,492

18,538

16,756

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

13,244

14,254

Hire purchase contracts

-

125

13,244

14,379