Company Registration No. 07662573 (England and Wales)
BEN DIXON LIMITED
Unaudited accounts
for the year ended 30 June 2023
BEN DIXON LIMITED
Unaudited accounts
Contents
BEN DIXON LIMITED
Company Information
for the year ended 30 June 2023
Director
Benjamin James Dixon
Company Number
07662573 (England and Wales)
Registered Office
A4-Livingstone court
55 Peel Road
London
HA3 7QT
United Kingdom
Accountants
Premium Accounting Service Limited
A4-55 Peel Road, Harrow
Harrow
Middlesex
HA3 7QT
BEN DIXON LIMITED
Statement of financial position
as at 30 June 2023
Tangible assets
37,826
48,909
Cash at bank and in hand
192,653
199,547
Creditors: amounts falling due within one year
100,528
(65,573)
Net current assets
452,094
314,100
Net assets
489,920
363,009
Called up share capital
100
100
Profit and loss account
489,820
362,909
Shareholders' funds
489,920
363,009
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 February 2024 and were signed on its behalf by
Benjamin James Dixon
Director
Company Registration No. 07662573
BEN DIXON LIMITED
Notes to the Accounts
for the year ended 30 June 2023
BEN DIXON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07662573. The registered office is A4-Livingstone court, 55 Peel Road, London, HA3 7QT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on Straight line method
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
BEN DIXON LIMITED
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
-
49,950
1,350
51,300
At 30 June 2023
1,775
49,950
1,350
53,075
At 1 July 2022
-
1,041
1,350
2,391
Charge for the year
370
12,488
-
12,858
At 30 June 2023
370
13,529
1,350
15,249
At 30 June 2023
1,405
36,421
-
37,826
At 30 June 2022
-
48,909
-
48,909
Amounts falling due within one year
Trade debtors
7,563
31,856
Accrued income and prepayments
7,381
9,915
Amounts falling due after more than one year
Other debtors
143,889
138,355
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
33,837
43,824
Loans from directors
(153,967)
(2,462)
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).