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REGISTERED NUMBER: 02021550 (England and Wales)













Financial Statements

for the Year Ended 31 March 2023

for

Dawsons of Saxilby Limited

Dawsons of Saxilby Limited (Registered number: 02021550)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Dawsons of Saxilby Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: Mr D A Dawson
Mrs M M Dawson
Mrs L Brindley



SECRETARY: Mr D A Dawson



REGISTERED OFFICE: Moor Farm
Gainsborough Road
Saxilby
LINCOLN
Lincolnshire
LN1 2LX



REGISTERED NUMBER: 02021550 (England and Wales)



ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



SOLICITORS: Ringrose Law Group
St Peter at Arches
Silver Street
LINCOLN
LN2 1EA

Dawsons of Saxilby Limited (Registered number: 02021550)

Abridged Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,761,440 1,798,182

CURRENT ASSETS
Debtors 159,137 117,553
Cash at bank 1,278,841 1,098,577
1,437,978 1,216,130
CREDITORS
Amounts falling due within one year 167,596 178,940
NET CURRENT ASSETS 1,270,382 1,037,190
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,031,822

2,835,372

PROVISIONS FOR LIABILITIES 28,602 32,963
NET ASSETS 3,003,220 2,802,409

CAPITAL AND RESERVES
Called up share capital 103,497 103,497
Share premium 344,287 344,287
Retained earnings 2,555,436 2,354,625
SHAREHOLDERS' FUNDS 3,003,220 2,802,409

Dawsons of Saxilby Limited (Registered number: 02021550)

Abridged Balance Sheet - continued
31 March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by:





Mr D A Dawson - Director


Dawsons of Saxilby Limited (Registered number: 02021550)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Dawsons of Saxilby 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 5% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Dawsons of Saxilby Limited (Registered number: 02021550)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:
Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.
Cash at bank is classified as a basic financial instrument and is measured at transaction price.
Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 5,040,359
Additions 36,963
Disposals (20,829 )
At 31 March 2023 5,056,493
DEPRECIATION
At 1 April 2022 3,242,177
Charge for year 72,825
Eliminated on disposal (19,949 )
At 31 March 2023 3,295,053
NET BOOK VALUE
At 31 March 2023 1,761,440
At 31 March 2022 1,798,182

Freehold land is not being depreciated.