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REGISTERED NUMBER: 04411860 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Enigma Electrical Limited

Enigma Electrical Limited (Registered number: 04411860)

Contents of the Financial Statements
for the Year Ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Enigma Electrical Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: D Buchanan
S M Falconer



SECRETARY: S M Falconer



REGISTERED OFFICE: Unit A Westmead Industrial Estate
Westmead Drive
Swindon
Wiltshire
SN5 7YT



REGISTERED NUMBER: 04411860 (England and Wales)



ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL



BANKERS: HSBC
15 Wellington Street
Aldershot
Hampshire
GU11 1DY

Enigma Electrical Limited (Registered number: 04411860)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 189,097 193,021

CURRENT ASSETS
Stocks 1,453,907 1,209,109
Debtors 5 891,298 763,500
Cash at bank 440,809 462,177
2,786,014 2,434,786
CREDITORS
Amounts falling due within one year 6 1,071,704 1,080,907
NET CURRENT ASSETS 1,714,310 1,353,879
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,903,407

1,546,900

CREDITORS
Amounts falling due after more than one
year

7

(1,972

)

(22,182

)

PROVISIONS FOR LIABILITIES 10 (19,728 ) (18,911 )
NET ASSETS 1,881,707 1,505,807

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 1,881,705 1,505,805
SHAREHOLDERS' FUNDS 1,881,707 1,505,807

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Enigma Electrical Limited (Registered number: 04411860)

Balance Sheet - continued
30 April 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:




D Buchanan - Director



S M Falconer - Director


Enigma Electrical Limited (Registered number: 04411860)

Notes to the Financial Statements
for the Year Ended 30 April 2023


1. STATUTORY INFORMATION

Enigma Electrical Limited is a private company, limited by shares , registered in England and Wales. 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.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Enigma Electrical Limited (Registered number: 04411860)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2022 82,412 49,120 12,515
Additions - 13,364 8,000
Disposals - (1,467 ) -
At 30 April 2023 82,412 61,017 20,515
DEPRECIATION
At 1 May 2022 49,470 24,756 5,641
Charge for year 8,613 4,817 1,955
Eliminated on disposal - (175 ) -
At 30 April 2023 58,083 29,398 7,596
NET BOOK VALUE
At 30 April 2023 24,329 31,619 12,919
At 30 April 2022 32,942 24,364 6,874

Enigma Electrical Limited (Registered number: 04411860)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2022 167,463 38,374 349,884
Additions 33,950 200 55,514
Disposals (18,700 ) - (20,167 )
At 30 April 2023 182,713 38,574 385,231
DEPRECIATION
At 1 May 2022 42,915 34,081 156,863
Charge for year 31,606 2,598 49,589
Eliminated on disposal (10,143 ) - (10,318 )
At 30 April 2023 64,378 36,679 196,134
NET BOOK VALUE
At 30 April 2023 118,335 1,895 189,097
At 30 April 2022 124,548 4,293 193,021

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 826,671 722,333
Other debtors 64,627 41,167
891,298 763,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 6,250 75,000
Hire purchase contracts (see note 8) 13,960 14,922
Trade creditors 614,259 424,382
Amounts owed to group undertakings 115,910 315,581
Taxation and social security 299,813 218,119
Other creditors 21,512 32,903
1,071,704 1,080,907

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans - 6,250
Hire purchase contracts (see note 8) 1,972 15,932
1,972 22,182

Enigma Electrical Limited (Registered number: 04411860)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.4.23 30.4.22
£    £   
Net obligations repayable:
Within one year 13,960 14,922
Between one and five years 1,972 15,932
15,932 30,854

Non-cancellable operating leases
30.4.23 30.4.22
£    £   
Within one year 114,956 91,206
Between one and five years 127,324 39,824
In more than five years 838,793 848,749
1,081,073 979,779

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Hire purchase contracts 15,932 30,854

10. PROVISIONS FOR LIABILITIES
30.4.23 30.4.22
£    £   
Deferred tax 19,728 18,911

Deferred
tax
£   
Balance at 1 May 2022 18,911
Provided during year 817
Accelerated capital allowances
Balance at 30 April 2023 19,728

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
2 Ordinary £1 2 2