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Registered number: 02006219
Enigma Salons Limited
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02006219
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 843 365
843 365
CURRENT ASSETS
Stocks 5 5,064 6,812
Debtors 6 3,625 4,009
Cash at bank and in hand 5 2,880
8,694 13,701
Creditors: Amounts Falling Due Within One Year 7 (57,713 ) (44,855 )
NET CURRENT ASSETS (LIABILITIES) (49,019 ) (31,154 )
TOTAL ASSETS LESS CURRENT LIABILITIES (48,176 ) (30,789 )
NET LIABILITIES (48,176 ) (30,789 )
CAPITAL AND RESERVES
Called up share capital 8 75 75
Capital redemption reserve 25 25
Profit and Loss Account (48,276 ) (30,889 )
SHAREHOLDERS' FUNDS (48,176) (30,789)
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 P J Brennan
Director
30 January 2025
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
Enigma Salons Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02006219 . The registered office is 9 Rushtons Yard, Ashby-De-La-Zouch, Leicestershire, LE6 5AL.
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.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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 10% & 33.3% Straight line
2.4. 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 July 2023 27,094
Additions 567
As at 30 June 2024 27,661
Depreciation
As at 1 July 2023 26,729
Provided during the period 89
As at 30 June 2024 26,818
Net Book Value
As at 30 June 2024 843
As at 1 July 2023 365
5. Stocks
2024 2023
as restated
£ £
Stock 5,064 6,812
6. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 1,035 1,419
Prepayments and accrued income 2,590 2,590
3,625 4,009
7. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Bank loans and overdrafts 3,052 -
Other taxes and social security 922 3,250
VAT 6,022 7,631
Other creditors 114 239
Accruals and deferred income 3,014 2,750
Director's loan account 44,589 30,985
57,713 44,855
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Page 5
8. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 75 75
Page 5