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REGISTERED NUMBER: 11036170 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

PETER DIXON LIMITED

PETER DIXON LIMITED (REGISTERED NUMBER: 11036170)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PETER DIXON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: P Dixon





REGISTERED OFFICE: 115 Battersea High Street
Battersea
London
SW11 3HS





REGISTERED NUMBER: 11036170 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

PETER DIXON LIMITED (REGISTERED NUMBER: 11036170)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,837 26,046
Tangible assets 5 150,959 155,534
171,796 181,580

CURRENT ASSETS
Debtors 6 59,500 59,500
Cash at bank 640,929 545,460
700,429 604,960
CREDITORS
Amounts falling due within one year 7 201,493 301,536
NET CURRENT ASSETS 498,936 303,424
TOTAL ASSETS LESS CURRENT LIABILITIES 670,732 485,004

PROVISIONS FOR LIABILITIES 3,322 4,173
NET ASSETS 667,410 480,831

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 667,409 480,830
SHAREHOLDERS' FUNDS 667,410 480,831

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 31 July 2024 and were signed by:





P Dixon - Director


PETER DIXON LIMITED (REGISTERED NUMBER: 11036170)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Peter 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.

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

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% reducing balance
Computer equipment - 25% reducing balance

Financial instruments
Financial assets and financial liabilities are recognised in the Company’s balance sheet when the Company becomes a party to the contractual provisions of the instrument.

Loans and borrowings
Loans and borrowings are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

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.

PETER DIXON LIMITED (REGISTERED NUMBER: 11036170)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2022
and 31 October 2023 52,095
AMORTISATION
At 1 November 2022 26,049
Charge for year 5,209
At 31 October 2023 31,258
NET BOOK VALUE
At 31 October 2023 20,837
At 31 October 2022 26,046

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 133,026 61,241 2,887 197,154
DEPRECIATION
At 1 November 2022 - 40,233 1,387 41,620
Charge for year - 4,205 370 4,575
At 31 October 2023 - 44,438 1,757 46,195
NET BOOK VALUE
At 31 October 2023 133,026 16,803 1,130 150,959
At 31 October 2022 133,026 21,008 1,500 155,534

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 59,500 59,500

PETER DIXON LIMITED (REGISTERED NUMBER: 11036170)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts (see note 8) - 25,632
Trade creditors 542 -
Taxation and social security 64,842 98,179
Other creditors 136,109 177,725
201,493 301,536

8. LOANS

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£    £   
Amounts falling due within one year or on demand:
Bank loans - 25,632

9. SECURED DEBTS

The bank loan is secured by a fixed and floating charge over the the assets of the company.

10. RELATED PARTY DISCLOSURES

At the year end the company owed £161,988 (2022: £161,781) to the director of the company in respect of an interest free loan which is repayable on demand.