IRIS Accounts Production v24.2.0.383 08468464 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084684642023-03-31084684642024-03-31084684642023-04-012024-03-31084684642022-03-31084684642022-04-012023-03-31084684642023-03-3108468464ns14:PoundSterling2023-04-012024-03-3108468464ns10:Director12023-04-012024-03-3108468464ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108468464ns10:SmallEntities2023-04-012024-03-3108468464ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108468464ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108468464ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108468464ns10:FullAccounts2023-04-012024-03-3108468464ns10:RegisteredOffice2023-04-012024-03-3108468464ns5:CurrentFinancialInstruments2024-03-3108468464ns5:CurrentFinancialInstruments2023-03-3108468464ns5:Non-currentFinancialInstruments2024-03-3108468464ns5:Non-currentFinancialInstruments2023-03-3108468464ns5:ShareCapital2024-03-3108468464ns5:ShareCapital2023-03-3108468464ns5:RetainedEarningsAccumulatedLosses2024-03-3108468464ns5:RetainedEarningsAccumulatedLosses2023-03-3108468464ns5:ComputerEquipment2023-04-012024-03-3108468464ns5:PlantMachinery2023-03-3108468464ns5:PlantMachinery2023-04-012024-03-3108468464ns5:PlantMachinery2024-03-3108468464ns5:PlantMachinery2023-03-3108468464ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108468464ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108468464ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3108468464ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-31084684641ns10:Director12023-03-31084684641ns10:Director12022-03-31084684641ns10:Director12023-04-012024-03-31084684641ns10:Director12022-04-012023-03-31084684641ns10:Director12024-03-31084684641ns10:Director12023-03-31
REGISTERED NUMBER: 08468464









M G DIXON SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






M G DIXON SERVICES LIMITED (REGISTERED NUMBER: 08468464)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M G DIXON SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M G Dixon





REGISTERED OFFICE: Station House
North Street
Havant
Hampshire
PO9 1QU





REGISTERED NUMBER: 08468464





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

M G DIXON SERVICES LIMITED (REGISTERED NUMBER: 08468464)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 579

CURRENT ASSETS
Debtors 5 22,982 18,479

CREDITORS
Amounts falling due within one year 6 15,930 14,531
NET CURRENT ASSETS 7,052 3,948
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,052

4,527

CREDITORS
Amounts falling due after more than one
year

7

5,257

8,317
NET ASSETS/(LIABILITIES) 1,795 (3,790 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 1,785 (3,800 )
SHAREHOLDERS' FUNDS 1,795 (3,790 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 2 September 2024 and were signed by:




M G Dixon - Director


M G DIXON SERVICES LIMITED (REGISTERED NUMBER: 08468464)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

M G Dixon Services Limited is a private company, limited by shares , registered in Not specified/Other. 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.
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

M G DIXON SERVICES LIMITED (REGISTERED NUMBER: 08468464)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 2,235
DEPRECIATION
At 1 April 2023 1,656
Charge for year 579
At 31 March 2024 2,235
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 579

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 22,982 18,479

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,026 8,156
Corporation tax 1,446 -
VAT - 165
Other Creditors 3,147 4,778
Accrued expenses 1,311 1,432
15,930 14,531

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 5,257 8,317

M G DIXON SERVICES LIMITED (REGISTERED NUMBER: 08468464)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
M G Dixon
Balance outstanding at start of year 10,476 17,250
Amounts advanced 29,005 3,362
Amounts repaid (24,240 ) (10,136 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,241 10,476