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REGISTERED NUMBER: 04948064 (England and Wales)















M L DIXON LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






M L DIXON LIMITED (REGISTERED NUMBER: 04948064)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


M L DIXON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: M L Dixon
Mrs N Dixon





SECRETARY: Mrs N Dixon





REGISTERED OFFICE: 1 Holly Crescent
Louth
Lincolnshire
LN11 8FQ





REGISTERED NUMBER: 04948064 (England and Wales)





ACCOUNTANTS: Clark Hearsey
Chartered Certified Accountants
Fairfield Enterprise Centre
Lincoln Way
Fairfield Industrial Estate
Louth
Lincolnshire
LN11 0LS

M L DIXON LIMITED (REGISTERED NUMBER: 04948064)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 550
Tangible assets 5 75,370 112,009
75,370 112,559

CURRENT ASSETS
Debtors 6 63,118 61,853
Cash at bank 69,588 78,876
132,706 140,729
CREDITORS
Amounts falling due within one year 7 96,577 85,783
NET CURRENT ASSETS 36,129 54,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,499

167,505

CREDITORS
Amounts falling due after more than one
year

8

3,089

32,228
NET ASSETS 108,410 135,277

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 108,409 135,276
SHAREHOLDERS' FUNDS 108,410 135,277

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

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

M L DIXON LIMITED (REGISTERED NUMBER: 04948064)

BALANCE SHEET - continued
31ST DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 12th February 2024 and were signed on its behalf by:





M L Dixon - Director


M L DIXON LIMITED (REGISTERED NUMBER: 04948064)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

M L 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

M L DIXON LIMITED (REGISTERED NUMBER: 04948064)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 11,000
AMORTISATION
At 1st January 2023 10,450
Charge for year 550
At 31st December 2023 11,000
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 550

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 200,825
Disposals (41,589 )
At 31st December 2023 159,236
DEPRECIATION
At 1st January 2023 88,816
Charge for year 26,013
Eliminated on disposal (30,963 )
At 31st December 2023 83,866
NET BOOK VALUE
At 31st December 2023 75,370
At 31st December 2022 112,009

M L DIXON LIMITED (REGISTERED NUMBER: 04948064)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st January 2023 189,924
Disposals (41,589 )
At 31st December 2023 148,335
DEPRECIATION
At 1st January 2023 80,462
Charge for year 25,365
Eliminated on disposal (30,963 )
At 31st December 2023 74,864
NET BOOK VALUE
At 31st December 2023 73,471
At 31st December 2022 109,462

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 63,118 61,853

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 29,139 38,865
Trade creditors 1,354 2,606
Taxation and social security 36,271 22,423
Other creditors 29,813 21,889
96,577 85,783

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 3,089 32,228

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M L Dixon and Mrs N Dixon, jointholders of the one issued share.

Mr and Mrs Dixon are directors of the company.