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REGISTERED NUMBER: SC476049 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Dixon Walter Limited

Dixon Walter Limited (Registered number: SC476049)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Dixon Walter Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mr M G Dixon
Mr A Walter
Mr I Wilkinson





REGISTERED OFFICE: 5 Atholl Crescent
Edinburgh
EH3 8EJ





REGISTERED NUMBER: SC476049 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

Dixon Walter Limited (Registered number: SC476049)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,474 9,670

CURRENT ASSETS
Debtors 5 246,345 124,880
Cash at bank 349,120 393,410
595,465 518,290
CREDITORS
Amounts falling due within one year 6 194,027 190,636
NET CURRENT ASSETS 401,438 327,654
TOTAL ASSETS LESS CURRENT
LIABILITIES

406,912

337,324

PROVISIONS FOR LIABILITIES 1,369 1,837
NET ASSETS 405,543 335,487

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Retained earnings 390,543 320,487
405,543 335,487

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

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

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 February 2024 and were signed on its behalf by:




Mr A Walter - Director



Mr M G Dixon - Director


Dixon Walter Limited (Registered number: SC476049)

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

1. STATUTORY INFORMATION

Dixon Walter Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Computer equipments - 25% on cost

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.

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 11 (2022 - 12 ) .

Dixon Walter Limited (Registered number: SC476049)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 35,243
Additions 1,672
At 31 May 2023 36,915
DEPRECIATION
At 1 June 2022 25,573
Charge for year 5,868
At 31 May 2023 31,441
NET BOOK VALUE
At 31 May 2023 5,474
At 31 May 2022 9,670

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 241,400 121,247
Prepayments and accrued income 4,945 3,633
246,345 124,880

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 5,638 1,250
Tax 75,589 80,364
Social security and other taxes 5,317 8,412
VAT 63,435 51,774
Other creditors 161 -
Directors' current accounts 1,248 624
Accrued expenses 42,639 48,212
194,027 190,636

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £226,375 (2022- £190,765) were paid to the directors.