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Registered number: 06473545
Simply Wigs Limited
Unaudited Financial Statements
For The Year Ended 31 January 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06473545
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 109,931 122,616
Tangible Assets 5 18,333 20,496
128,264 143,112
CURRENT ASSETS
Stocks 6 35,890 37,964
Debtors 7 14,261 7,107
Cash at bank and in hand 430,707 366,972
480,858 412,043
Creditors: Amounts Falling Due Within One Year 8 (392,782 ) (418,501 )
NET CURRENT ASSETS (LIABILITIES) 88,076 (6,458 )
TOTAL ASSETS LESS CURRENT LIABILITIES 216,340 136,654
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,483 ) (3,894 )
NET ASSETS 212,857 132,760
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 212,855 132,758
SHAREHOLDERS' FUNDS 212,857 132,760
Page 1
Page 2
For the year ending 31 January 2026 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stuart Garrard
Director
16/10/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Simply Wigs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06473545 . The registered office is Unit 2a/2b Spa Field Ind Estate, Slaithwaite, Huddersfield, HD7 5BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to development of a bespoke sales platform. Amortisation is charged to the profit and loss account over a period of 10 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:
Plant & Machinery 20% on NBV
2.5. 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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.7. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2025: 19)
19 19
4. Intangible Assets
Other
£
Cost
As at 1 February 2025 126,844
As at 31 January 2026 126,844
Amortisation
As at 1 February 2025 4,228
Provided during the period 12,685
As at 31 January 2026 16,913
Net Book Value
As at 31 January 2026 109,931
As at 1 February 2025 122,616
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2025 74,387
Additions 2,226
As at 31 January 2026 76,613
Depreciation
As at 1 February 2025 53,891
Provided during the period 4,389
As at 31 January 2026 58,280
Net Book Value
As at 31 January 2026 18,333
As at 1 February 2025 20,496
6. Stocks
2026 2025
£ £
Stock 35,890 37,964
Page 4
Page 5
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 6,403 3,882
Prepayments and accrued income 2,892 2,746
VAT 4,966 479
14,261 7,107
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 232,703 219,753
Corporation tax 72,863 41,599
Other taxes and social security 8,486 6,093
Other creditors 70,084 50,827
Accruals and deferred income 1,697 2,566
Directors' loan accounts 6,949 97,663
392,782 418,501
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2 2
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