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REGISTERED NUMBER: 04411860 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Enigma Electrical Limited

Enigma Electrical Limited (Registered number: 04411860)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Enigma Electrical Limited

Company Information
for the Year Ended 30 April 2024







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 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,672 189,097

CURRENT ASSETS
Stocks 1,433,161 1,453,907
Debtors 5 961,752 891,298
Cash at bank 639,541 440,809
3,034,454 2,786,014
CREDITORS
Amounts falling due within one year 6 1,099,192 1,071,704
NET CURRENT ASSETS 1,935,262 1,714,310
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,037,934

1,903,407

CREDITORS
Amounts falling due after more than one
year

7

(5,138

)

(1,972

)

PROVISIONS FOR LIABILITIES 10 (32,558 ) (19,728 )
NET ASSETS 2,000,238 1,881,707

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 2,000,236 1,881,705
SHAREHOLDERS' FUNDS 2,000,238 1,881,707

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 2024


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 14 October 2024 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 2024


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 2024


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 15 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 82,412 61,017 20,515
Additions 8,397 - -
Disposals - (2,530 ) -
At 30 April 2024 90,809 58,487 20,515
DEPRECIATION
At 1 May 2023 58,083 29,398 7,596
Charge for year 8,657 4,868 1,936
Eliminated on disposal - (1,330 ) -
At 30 April 2024 66,740 32,936 9,532
NET BOOK VALUE
At 30 April 2024 24,069 25,551 10,983
At 30 April 2023 24,329 31,619 12,919

Enigma Electrical Limited (Registered number: 04411860)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 182,713 38,574 385,231
Additions 127,791 6,657 142,845
Disposals (243,221 ) (442 ) (246,193 )
At 30 April 2024 67,283 44,789 281,883
DEPRECIATION
At 1 May 2023 64,378 36,679 196,134
Charge for year 34,087 1,714 51,262
Eliminated on disposal (66,416 ) (439 ) (68,185 )
At 30 April 2024 32,049 37,954 179,211
NET BOOK VALUE
At 30 April 2024 35,234 6,835 102,672
At 30 April 2023 118,335 1,895 189,097

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 876,807 826,671
Other debtors 84,945 64,627
961,752 891,298

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts - 6,250
Hire purchase contracts (see note 8) 4,542 13,960
Trade creditors 630,902 614,259
Amounts owed to group undertakings 309,991 115,910
Taxation and social security 91,382 299,813
Other creditors 62,375 21,512
1,099,192 1,071,704

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts (see note 8) 5,138 1,972

Enigma Electrical Limited (Registered number: 04411860)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.4.24 30.4.23
£    £   
Net obligations repayable:
Within one year 4,542 13,960
Between one and five years 5,138 1,972
9,680 15,932

Non-cancellable operating leases
30.4.24 30.4.23
£    £   
Within one year 97,456 114,956
Between one and five years 39,824 127,324
In more than five years 828,837 838,793
966,117 1,081,073

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 9,680 15,932

10. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 32,558 19,728

Enigma Electrical Limited (Registered number: 04411860)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 19,728
Provided during year 36,433
Accelerated capital allowances
Balance at 30 April 2024 56,161

** BALANCE ABOVE AT END OF YEAR RE DEFERRED TAX ON CLIENT SCREEN OF 56,161
DOES NOT AGREE TO CURRENT YEAR TOTAL OF ACCOUNTS PER TB 32,558

PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - BALANCE SHEET ITEMS - PROVISIONS FOR LIABILITIES - MOVEMENT IN PROVISIONS ETC

Please note: a deferred tax asset should be entered as a negative balance (i.e. include a "-" sign)


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
2 Ordinary £1 2 2