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REGISTERED NUMBER: 02096580 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2023

for

DENNIS DIXON LIMITED

DENNIS DIXON LIMITED (REGISTERED NUMBER: 02096580)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

DENNIS DIXON LIMITED

Company Information
for the Year Ended 31 July 2023







Directors: S P Dixon
A T Reinhardt





Secretary: A Dixon





Registered office: Tilbury Road
South Bank
Middlesbrough
Cleveland
TS6 6AW





Registered number: 02096580 (England and Wales)





Accountants: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

DENNIS DIXON LIMITED (REGISTERED NUMBER: 02096580)

Abridged Balance Sheet
31 July 2023

31/7/23 31/7/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,687,397 2,808,051
Investments 5 1 12,099
2,687,398 2,820,150

Current assets
Stocks 28,852 46,567
Debtors 1,181,065 1,495,042
Cash at bank and in hand 1,307,155 454,241
2,517,072 1,995,850
Creditors
Amounts falling due within one year 633,599 513,452
Net current assets 1,883,473 1,482,398
Total assets less current liabilities 4,570,871 4,302,548

Provisions for liabilities 506,732 369,201
Net assets 4,064,139 3,933,347

Capital and reserves
Called up share capital 1,000 1,000
Retained earnings 4,063,139 3,932,347
Shareholders' funds 4,064,139 3,933,347

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

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

DENNIS DIXON LIMITED (REGISTERED NUMBER: 02096580)

Abridged Balance Sheet - continued
31 July 2023


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 Income Statement and an abridged Balance Sheet for the year ended 31 July 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 11 October 2023 and were signed on its behalf by:





S P Dixon - Director


DENNIS DIXON LIMITED (REGISTERED NUMBER: 02096580)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Dennis Dixon 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

The financial statements have been prepared under the going concern basis of accounting.

Turnover
Turnover represents the value of work carried out and goods sold during the year including amounts not yet invoiced, excluding value added tax. Income is being recognised according to the stage of completion of work done.

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 - 10% on cost, 2% on cost, not provided and Straight line over 20 years
Plant and machinery - 25% on cost and 20% on cost
Motor vehicles - at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

DENNIS DIXON LIMITED (REGISTERED NUMBER: 02096580)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Investments
Fixed asset investments are stated at cost less provision for diminution in value.
Current asset investments are stated at market value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 70 (2022 - 71 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 9,040,772
Additions 788,628
Disposals (448,347 )
At 31 July 2023 9,381,053
DEPRECIATION
At 1 August 2022 6,232,721
Charge for year 900,435
Eliminated on disposal (439,500 )
At 31 July 2023 6,693,656
NET BOOK VALUE
At 31 July 2023 2,687,397
At 31 July 2022 2,808,051

Included in cost of land and buildings is freehold land of £ 245,246 (2022 - £ 245,246 ) which is not depreciated.

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 August 2022 12,099
Impairments (12,098 )
At 31 July 2023 1
NET BOOK VALUE
At 31 July 2023 1
At 31 July 2022 12,099

DENNIS DIXON LIMITED (REGISTERED NUMBER: 02096580)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 July 2023 is represented by:
Totals
£   
Valuation in 2002 223,000
Valuation in 2006 (150,000 )
Valuation in 2013 (73,000 )
Valuation in 2018 (24,000 )
Valuation in 2019 (35,000 )
Valuation in 2020 (26,000 )
Valuation in 2021 (8,000 )
Valuation in 2022 (41,901 )
Valuation in 2023 (12,098 )
Cost 147,000
1

If the unlisted investment had not been revalued it would have been included at the following historical cost:

31/7/23 31/7/22
£    £   
Cost 147,000 147,000

The unlisted investment was valued on a net asset basis on 31 July 2023 by the directors .

The directors believe this is not materially different to the market value of the investment.

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Dennis Dixon Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dennis Dixon Limited for the year ended 31 July 2023 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Dennis Dixon Limited, as a body, in accordance with the terms of our engagement letter dated 14 September 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Dennis Dixon Limited and state those matters that we have agreed to state to the Board of Directors of Dennis Dixon Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dennis Dixon Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dennis Dixon Limited. You consider that Dennis Dixon Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dennis Dixon Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


11 October 2023