Company Registration No. 06176455 (England and Wales)
The Wig Department Ltd
Unaudited accounts
for the year ended 31 March 2025
The Wig Department Ltd
Unaudited accounts
Contents
The Wig Department Ltd
Company Information
for the year ended 31 March 2025
Company Number
06176455 (England and Wales)
Registered Office
1 West Street
Lewes
East Sussex
BN7 2NZ
Accountants
Maxwell-Gumbleton & Co.
1 West Street
Lewes
East Sussex
BN7 2NZ
The Wig Department Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
1,840
2,300
Inventories
102,135
73,952
Cash at bank and in hand
56,986
56,272
Creditors: amounts falling due within one year
(39,874)
(44,133)
Net current assets
133,703
97,192
Total assets less current liabilities
135,543
99,492
Creditors: amounts falling due after more than one year
(2,454)
(15,694)
Called up share capital
1
1
Profit and loss account
133,088
83,797
Shareholders' funds
133,089
83,798
For the year ending 31 March 2025 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 21 November 2025 and were signed on its behalf by
C Sterritt
Director
Company Registration No. 06176455
The Wig Department Ltd
Notes to the Accounts
for the year ended 31 March 2025
The Wig Department Ltd is a private company, limited by shares, registered in England and Wales, registration number 06176455. The registered office is 1 West Street, Lewes, East Sussex, BN7 2NZ.
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.
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:
Plant & machinery
20% reducing balance
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The Wig Department Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2024
918
4,893
5,811
At 31 March 2025
918
4,893
5,811
At 1 April 2024
918
2,593
3,511
Charge for the year
-
460
460
At 31 March 2025
918
3,053
3,971
At 31 March 2025
-
1,840
1,840
At 31 March 2024
-
2,300
2,300
Amounts falling due within one year
Trade debtors
10,734
7,690
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
13,312
21,683
Trade creditors
4,966
8,464
Taxes and social security
15,310
11,641
Loans from directors
3,734
-
The Wig Department Ltd
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).