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COMPANY REGISTRATION NUMBER: 11789489
DIXIE GROUP LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 January 2024
DIXIE GROUP LTD
STATEMENT OF FINANCIAL POSITION
31 January 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
33,408
37,652
CURRENT ASSETS
Debtors
6
381,159
327,391
Cash at bank and in hand
3,242
2,434
---------
---------
384,401
329,825
CREDITORS: amounts falling due within one year
7
153,019
156,667
---------
---------
NET CURRENT ASSETS
231,382
173,158
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
264,790
210,810
CREDITORS: amounts falling due after more than one year
8
16,298
22,133
---------
---------
NET ASSETS
248,492
188,677
---------
---------
CAPITAL AND RESERVES
Called up share capital fully paid
100
100
Profit and loss account
248,392
188,577
---------
---------
SHAREHOLDERS FUNDS
248,492
188,677
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
DIXIE GROUP LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 7 August 2024 , and are signed on behalf of the board by:
Mr A Sullivan
Director
Company registration number: 11789489
DIXIE GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, NN15 6WJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. TANGIBLE ASSETS
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 February 2023
17,090
3,647
41,342
2,637
64,716
Additions
3,809
1,063
4,872
--------
-------
--------
-------
--------
At 31 January 2024
20,899
3,647
41,342
3,700
69,588
--------
-------
--------
-------
--------
Depreciation
At 1 February 2023
6,497
1,362
17,339
1,866
27,064
Charge for the year
2,161
343
6,001
611
9,116
--------
-------
--------
-------
--------
At 31 January 2024
8,658
1,705
23,340
2,477
36,180
--------
-------
--------
-------
--------
Carrying amount
At 31 January 2024
12,241
1,942
18,002
1,223
33,408
--------
-------
--------
-------
--------
At 31 January 2023
10,593
2,285
24,003
771
37,652
--------
-------
--------
-------
--------
6. DEBTORS
2024
2023
£
£
Trade debtors
7,876
Other debtors
373,283
327,391
---------
---------
381,159
327,391
---------
---------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
12,011
15,150
Social security and other taxes
33,504
29,722
Other creditors
107,504
111,795
---------
---------
153,019
156,667
---------
---------
8. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
16,298
22,133
--------
--------