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Registered number: 03906901
Enfield Contracts Limited
Unaudited Financial Statements
For The Year Ended 31 January 2026
Wilson Stevens
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03906901
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,746 9,711
22,746 9,711
CURRENT ASSETS
Stocks 5 8,055 6,275
Debtors 6 271,822 243,966
Cash at bank and in hand 343,618 11,444
623,495 261,685
Creditors: Amounts Falling Due Within One Year 7 (427,946 ) (248,487 )
NET CURRENT ASSETS (LIABILITIES) 195,549 13,198
TOTAL ASSETS LESS CURRENT LIABILITIES 218,295 22,909
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,686 ) (2,427 )
NET ASSETS 212,609 20,482
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 212,509 20,382
SHAREHOLDERS' FUNDS 212,609 20,482
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Page 2
For the year ending 31 January 2026 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 J P Neary
Director
30th October 2026
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
Enfield Contracts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03906901 . The registered office is Unit 50, 26-28 Queensway, Enfield, Middlesex, EN3 4SA.
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.
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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2025 14,000 2,798 16,798
Additions 16,934 3,683 20,617
As at 31 January 2026 30,934 6,481 37,415
Depreciation
As at 1 February 2025 6,125 962 7,087
Provided during the period 6,202 1,380 7,582
As at 31 January 2026 12,327 2,342 14,669
Net Book Value
As at 31 January 2026 18,607 4,139 22,746
As at 1 February 2025 7,875 1,836 9,711
5. Stocks
2026 2025
£ £
Stock 8,055 6,275
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6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 28,609 88,915
Other debtors 243,213 155,051
271,822 243,966
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 29,298 56,128
Bank loans and overdrafts - 23,348
Other creditors 76,840 14,304
Taxation and social security 321,808 154,707
427,946 248,487
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2025 Amounts advanced Amounts repaid Amounts written off As at 31 January 2026
£ £ £ £ £
Mr Jonathan Neary 58,333 - - - 58,333
The above loan is unsecured and bears interest at the official rate.
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