REGISTERED NUMBER: 04411860 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Enigma Electrical Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

102,125

102,672

CURRENT ASSETS

Stocks

1,503,138

1,433,161

Debtors

5

916,105

961,752

Cash at bank

718,445

639,541

3,137,688

3,034,454

CREDITORS

Amounts falling due within one year

6

1,191,124

1,099,192

NET CURRENT ASSETS

1,946,564

1,935,262

TOTAL ASSETS LESS CURRENT LIABILITIES

2,048,689

2,037,934

CREDITORS

Amounts falling due after more than one year

7

(2,569

)

(5,138

)

PROVISIONS FOR LIABILITIES

10

(5,942

)

(32,558

)

NET ASSETS

2,040,178

2,000,238

CAPITAL AND RESERVES

Called up share capital

11

2

2

Retained earnings

2,040,176

2,000,236

SHAREHOLDERS' FUNDS

2,040,178

2,000,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

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 11 December 2025 and were signed on its behalf by:

D Buchanan - Director

S M Falconer - Director

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.

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 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 May 2024

90,809

58,487

20,515

Additions

-

-

-

Disposals

-

-

-

At 30 April 2025

90,809

58,487

20,515

DEPRECIATION

At 1 May 2024

66,740

32,936

9,532

Charge for year

9,102

3,833

1,646

Eliminated on disposal

-

-

-

At 30 April 2025

75,842

36,769

11,178

NET BOOK VALUE

At 30 April 2025

14,967

21,718

9,337

At 30 April 2024

24,069

25,551

10,983

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2024

67,283

44,789

281,883

Additions

35,818

498

36,316

Disposals

(18,000

)

(3,110

)

(21,110

)

At 30 April 2025

85,101

42,177

297,089

DEPRECIATION

At 1 May 2024

32,049

37,954

179,211

Charge for year

16,128

2,408

33,117

Eliminated on disposal

(14,255

)

(3,109

)

(17,364

)

At 30 April 2025

33,922

37,253

194,964

NET BOOK VALUE

At 30 April 2025

51,179

4,924

102,125

At 30 April 2024

35,234

6,835

102,672

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

890,349

876,807

Other debtors

25,756

84,945

916,105

961,752

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Hire purchase contracts (see note 8)

2,569

4,542

Trade creditors

581,200

630,902

Amounts owed to group undertakings

314,917

309,991

Taxation and social security

202,433

91,382

Other creditors

90,005

62,375

1,191,124

1,099,192

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Hire purchase contracts (see note 8)

2,569

5,138

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.4.25

30.4.24

£

£

Net obligations repayable:

Within one year

2,569

4,542

Between one and five years

2,569

5,138

5,138

9,680

Non-cancellable

operating leases

30.4.25

30.4.24

£

£

Within one year

11,947

97,456

Between one and five years

47,789

39,824

In more than five years

982,657

828,837

1,042,393

966,117

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Hire purchase contracts

5,138

9,680

10.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

5,942

32,558

Deferred

tax

£

Balance at 1 May 2024

32,558

Accelerated capital allowances

(26,616

)

Balance at 30 April 2025

5,942

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

2

Ordinary

£1

2

2