Registration number: 6010882

Wigleys Shoes Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Wigleys Shoes Limited

Company Information

Directors	Mr E J Leyland Mrs B Leyland

Registered office

The Old Vicarage 51 St John Street Ashbourne Derbyshire England DE6 1GP

Accountants

Coates and Partners Limited Chartered AccountantsThe Old Vicarage 51 St John Street Ashbourne Derbyshire DE6 1GP

Wigleys Shoes Limited

(Registration number: 6010882)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	13,307	15,660
Current assets
Stocks	6	121,906	114,052
Debtors	7	7,275	5,652
Cash at bank and in hand		42,940	32,392
		172,121	152,096
Creditors: Amounts falling due within one year	8	(87,007)	(71,692)
Net current assets		85,114	80,404
Total assets less current liabilities		98,421	96,064
Creditors: Amounts falling due after more than one year	8	-	(5,286)
Provisions for liabilities		(250)	(450)
Net assets		98,171	90,328
Capital and reserves
Called up share capital		100	100
Retained earnings		98,071	90,228
Shareholders' funds		98,171	90,328

Wigleys Shoes Limited

(Registration number: 6010882)
Balance Sheet as at 31 December 2025 (continued)

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 July 2026 and signed on its behalf by:
 

......................................... Mr E J Leyland Director

Wigleys Shoes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital incorporated in England and Wales registration number: 6010882.

The address of its registered office is:
The Old Vicarage
51 St John
Street
Ashbourne
Derbyshire
DE6 1GP
England

The principal place of business is:
18-20 St John Street
Ashbourne
Derbyshire
DE6 1GH

These financial statements were authorised for issue by the Board on 14 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling.

Revenue recognition

Turnover comprises amounts chargeable, net of value added tax, in respect of the sale of goods to customers.

Wigleys Shoes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Government grants

Government grants received are only recognised when there is reasonable assurance that the entity will comply with the conditions attached to them and the grants will be received. Government grants are recognised in the profit and loss account on a systematic basis over the periods in which the entity recognises as expenses the related costs for which the grants are intended to compensate.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income and is recognised in profit and loss.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Computer equipment	33% straight line
Fixtures and fittings	15% reducing balance
Land and buildings	4% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life.

Wigleys Shoes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell. Cost is determined using the first-in, first-out (FIFO) method.

At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 9).

Wigleys Shoes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 January 2025	325,000	325,000
At 31 December 2025	325,000	325,000
Amortisation
At 1 January 2025	325,000	325,000
At 31 December 2025	325,000	325,000
Carrying amount
At 31 December 2025	-	-

The goodwill has been amortised in full over the previous ten years.

Wigleys Shoes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

5	Tangible assets

	Land and buildings £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2025	34,726	7,384	42,110
At 31 December 2025	34,726	7,384	42,110
Depreciation
At 1 January 2025	21,294	5,156	26,450
Charge for the year	1,389	964	2,353
At 31 December 2025	22,683	6,120	28,803
Carrying amount
At 31 December 2025	12,043	1,264	13,307
At 31 December 2024	13,432	2,228	15,660

Included within the net book value of land and buildings above is £12,043 (2024 - £13,432) in respect of freehold land and buildings.
 

6

Stocks

	2025 £	2024 £
Finished goods and goods for resale	121,906	114,052

Wigleys Shoes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

7

Debtors

	2025 £	2024 £
Prepayments	7,275	5,652
	7,275	5,652

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	5,286	10,375
Trade creditors		15,640	15,287
Taxation and social security		36,995	33,937
Accruals and deferred income		6,312	4,714
Other creditors		22,774	7,379
		87,007	71,692