SQUIRES ENIGMA LTD


Director	SQUIRES, Richard


Company Secretary	SQUIRES, Richard


Registered Address	19 Lawmarnock Crescent
	Bridge Of Weir
	PA11 3AS


Registered Number	SC604819 (Scotland)

Statement of Financial Position
30 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		-		6,606
Tangible assets	4		28,403		35,093
			28,403		41,699
Current assets
Debtors	5	2,310		2,310
Cash at bank and on hand		256		793
		2,566		3,103
Creditors amounts falling due within one year	6	(26,894)		(38,414)
Net current assets (liabilities)			(24,328)		(35,311)
Total assets less current liabilities			4,075		6,388
Creditors amounts falling due after one year	7		-		(3,826)
Provisions for liabilities	10		(5,396)		(8,773)
Net assets			(1,321)		(6,211)
Capital and reserves
Called up share capital			101		101
Profit and loss account			(1,422)		(6,312)
Shareholders' funds			(1,321)		(6,211)

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 11 August 2026, and are signed on its behalf by:

SQUIRES, Richard
Director
Registered Company No. SC604819

SQUIRES ENIGMA LTD

Notes to the Financial Statements
for the year ended 30 August 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	At the balance sheet date the company's balance sheet was overdrawn showing a net deficit. The major creditor of the company is the director. The director has confirmed that he will not demand repayment of this loan if it would prejudice the payment of external creditors. For this reason the company continues to adopt the going concern basis for these financial statements.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	20	-
Vehicles	20	-
Office Equipment	-	3

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 31 August 24	6,606	6,606
Disposals	(6,606)	(6,606)
Net book value
At 30 August 25	-	-
At 30 August 24	6,606	6,606

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 31 August 24	6,017	58,690	3,007	67,714
At 30 August 25	6,017	58,690	3,007	67,714
Depreciation and impairment
At 31 August 24	1,445	28,517	2,659	32,621
Charge for year	838	5,532	320	6,690
At 30 August 25	2,283	34,049	2,979	39,311
Net book value
At 30 August 25	3,734	24,641	28	28,403
At 30 August 24	4,572	30,173	348	35,093

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	2,310	2,310
Total	2,310	2,310

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	2,760	3,630
Taxation and social security	-	20,634
Finance lease and HP contracts	4,454	7,382
Other creditors	16,879	4,567
Accrued liabilities and deferred income	2,801	2,201
Total	26,894	38,414

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	-	3,826
Total	-	3,826

8.	Secured creditors
	Hire Purchase creditors are secured by the asset to which they relate.

9.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	4,454		11,208

10.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	5,396	8,773
Total	5,396	8,773

11.	Related party transactions
	During the year the director had a loan account with the company. At the balance sheet date the company owed the director £16,879 (2024: £4,567). This loan is unsecured, interest free and repayable upon demand.