1 false false false false false false false false false true false false false false false false No description of principal activity 2022-02-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 11789489 2022-02-01 2023-01-31 11789489 2023-01-31 11789489 2022-01-31 11789489 2021-02-01 2022-01-31 11789489 2022-01-31 11789489 core:PlantMachinery 2022-02-01 2023-01-31 11789489 core:FurnitureFittings 2022-02-01 2023-01-31 11789489 core:MotorVehicles 2022-02-01 2023-01-31 11789489 bus:Director1 2022-02-01 2023-01-31 11789489 core:PlantMachinery 2022-01-31 11789489 core:FurnitureFittings 2022-01-31 11789489 core:MotorVehicles 2022-01-31 11789489 core:PlantMachinery 2023-01-31 11789489 core:FurnitureFittings 2023-01-31 11789489 core:MotorVehicles 2023-01-31 11789489 core:WithinOneYear 2023-01-31 11789489 core:WithinOneYear 2022-01-31 11789489 core:AfterOneYear 2023-01-31 11789489 core:AfterOneYear 2022-01-31 11789489 core:ShareCapital 2023-01-31 11789489 core:ShareCapital 2022-01-31 11789489 core:RetainedEarningsAccumulatedLosses 2023-01-31 11789489 core:RetainedEarningsAccumulatedLosses 2022-01-31 11789489 core:PlantMachinery 2022-01-31 11789489 core:FurnitureFittings 2022-01-31 11789489 core:MotorVehicles 2022-01-31 11789489 bus:SmallEntities 2022-02-01 2023-01-31 11789489 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 11789489 bus:FullAccounts 2022-02-01 2023-01-31 11789489 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 11789489 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 11789489 core:OfficeEquipment 2022-02-01 2023-01-31 11789489 core:OfficeEquipment 2022-01-31 11789489 core:OfficeEquipment 2023-01-31
COMPANY REGISTRATION NUMBER: 11789489
DIXIE GROUP LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 January 2023
DIXIE GROUP LTD
STATEMENT OF FINANCIAL POSITION
31 January 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
37,652
28,312
CURRENT ASSETS
Debtors
6
327,391
219,323
Cash at bank and in hand
2,434
16,603
---------
---------
329,825
235,926
CREDITORS: amounts falling due within one year
7
156,667
86,470
---------
---------
NET CURRENT ASSETS
173,158
149,456
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
210,810
177,768
CREDITORS: amounts falling due after more than one year
8
22,133
30,333
---------
---------
NET ASSETS
188,677
147,435
---------
---------
CAPITAL AND RESERVES
Called up share capital fully paid
100
100
Profit and loss account
188,577
147,335
---------
---------
SHAREHOLDERS FUNDS
188,677
147,435
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
DIXIE GROUP LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 January 2023
These financial statements were approved by the board of directors and authorised for issue on 19 September 2023 , and are signed on behalf of the board by:
Mr A Sullivan
Director
Company registration number: 11789489
DIXIE GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, NN15 6WJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. TANGIBLE ASSETS
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 February 2022
17,090
3,647
21,342
2,637
44,716
Additions
20,000
20,000
--------
-------
--------
-------
--------
At 31 January 2023
17,090
3,647
41,342
2,637
64,716
--------
-------
--------
-------
--------
Depreciation
At 1 February 2022
4,628
959
9,337
1,480
16,404
Charge for the year
1,869
403
8,002
386
10,660
--------
-------
--------
-------
--------
At 31 January 2023
6,497
1,362
17,339
1,866
27,064
--------
-------
--------
-------
--------
Carrying amount
At 31 January 2023
10,593
2,285
24,003
771
37,652
--------
-------
--------
-------
--------
At 31 January 2022
12,462
2,688
12,005
1,157
28,312
--------
-------
--------
-------
--------
6. DEBTORS
2023
2022
£
£
Other debtors
327,391
219,323
---------
---------
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
15,149
4,667
Corporation tax
10,799
12,667
Social security and other taxes
18,924
Other creditors
111,795
69,136
---------
--------
156,667
86,470
---------
--------
8. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
22,133
30,333
--------
--------
9. RELATED PARTY TRANSACTIONS
During the period the company undertook the following transactions with related parties: The director has advanced monies to the company. At 31 January 2023 the amount due from the company was £ 110,031 (2022 - £ 67,456 ).