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REGISTERED NUMBER: 09249678 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st October 2023

for

P&C Dixon Farming Limited

P&C Dixon Farming Limited (Registered number: 09249678)






Contents of the Financial Statements
for the year ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P&C Dixon Farming Limited

Company Information
for the year ended 31st October 2023







DIRECTOR: Mr P Dixon





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 09249678 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

P&C Dixon Farming Limited (Registered number: 09249678)

Balance Sheet
31st October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,526 109,037

CURRENT ASSETS
Debtors 5 - 4,550
Cash at bank 394 2,325
394 6,875
CREDITORS
Amounts falling due within one year 6 5,694 7,551
NET CURRENT LIABILITIES (5,300 ) (676 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,226

108,361

CREDITORS
Amounts falling due after more than one
year

7

23,638

53,967
NET ASSETS 54,588 54,394

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 54,488 54,294
SHAREHOLDERS' FUNDS 54,588 54,394

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

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

P&C Dixon Farming Limited (Registered number: 09249678)

Balance Sheet - continued
31st October 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 director and authorised for issue on 31st July 2024 and were signed by:





Mr P Dixon - Director


P&C Dixon Farming Limited (Registered number: 09249678)

Notes to the Financial Statements
for the year ended 31st October 2023

1. STATUTORY INFORMATION

P&C Dixon Farming 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.

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 - 25% 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

P&C Dixon Farming Limited (Registered number: 09249678)

Notes to the Financial Statements - continued
for the year ended 31st October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022 178,525
Additions 1,750
At 31st October 2023 180,275
DEPRECIATION
At 1st November 2022 69,488
Charge for year 27,261
At 31st October 2023 96,749
NET BOOK VALUE
At 31st October 2023 83,526
At 31st October 2022 109,037

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

Plant and
machinery
etc
£   
COST
At 1st November 2022 36,050
Transfer to ownership (8,050 )
At 31st October 2023 28,000
DEPRECIATION
At 1st November 2022 20,841
Charge for year 2,953
Transfer to ownership (4,653 )
At 31st October 2023 19,141
NET BOOK VALUE
At 31st October 2023 8,859
At 31st October 2022 15,209

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 4,550

P&C Dixon Farming Limited (Registered number: 09249678)

Notes to the Financial Statements - continued
for the year ended 31st October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,240 3,000
Hire purchase contracts 276 3,761
Taxation and social security 1,348 -
Other creditors 830 790
5,694 7,551

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 4,735 7,750
Other creditors 18,903 46,217
23,638 53,967

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 7,975 10,750
Hire purchase contracts 276 3,761
8,251 14,511

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P Dixon.