Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 02074024 Mr Richard Fox Mrs Christine Dixon Mr Kenneth Dixon Mrs Susan Fox Mr Timothy Walker Mr Richard Fox iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02074024 2023-03-31 02074024 2024-03-31 02074024 2023-04-01 2024-03-31 02074024 frs-core:CurrentFinancialInstruments 2024-03-31 02074024 frs-core:Non-currentFinancialInstruments 2024-03-31 02074024 frs-core:ComputerEquipment 2024-03-31 02074024 frs-core:ComputerEquipment 2023-04-01 2024-03-31 02074024 frs-core:ComputerEquipment 2023-03-31 02074024 frs-core:FurnitureFittings 2023-04-01 2024-03-31 02074024 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 02074024 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02074024 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 02074024 frs-core:MotorVehicles 2024-03-31 02074024 frs-core:MotorVehicles 2023-04-01 2024-03-31 02074024 frs-core:MotorVehicles 2023-03-31 02074024 frs-core:PlantMachinery 2024-03-31 02074024 frs-core:PlantMachinery 2023-04-01 2024-03-31 02074024 frs-core:PlantMachinery 2023-03-31 02074024 frs-core:RevaluationReserve 2023-03-31 02074024 frs-core:RevaluationReserve 2024-03-31 02074024 frs-core:ShareCapital 2024-03-31 02074024 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 02074024 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02074024 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 02074024 frs-bus:SmallEntities 2023-04-01 2024-03-31 02074024 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02074024 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02074024 frs-core:UnlistedNon-exchangeTraded 2024-03-31 02074024 frs-core:UnlistedNon-exchangeTraded 2023-03-31 02074024 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 02074024 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 02074024 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 02074024 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 02074024 frs-bus:Director1 2023-04-01 2024-03-31 02074024 frs-bus:Director2 2023-04-01 2024-03-31 02074024 frs-bus:Director3 2023-04-01 2024-03-31 02074024 frs-bus:Director4 2023-04-01 2024-03-31 02074024 frs-bus:Director5 2023-04-01 2024-03-31 02074024 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 02074024 frs-countries:EnglandWales 2023-04-01 2024-03-31 02074024 2022-03-31 02074024 2023-03-31 02074024 2022-04-01 2023-03-31 02074024 frs-core:CurrentFinancialInstruments 2023-03-31 02074024 frs-core:Non-currentFinancialInstruments 2023-03-31 02074024 frs-core:RevaluationReserve 2023-03-31 02074024 frs-core:ShareCapital 2023-03-31 02074024 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 02074024 frs-core:Non-currentFinancialInstruments 1 2023-03-31
Registered number: 02074024
Dixon Fox Group Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02074024
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 568,118 570,176
Investments 5 243 243
568,361 570,419
CURRENT ASSETS
Stocks 6 7,114 9,111
Debtors 7 63,695 65,654
Cash at bank and in hand 586 735
71,395 75,500
Creditors: Amounts Falling Due Within One Year 8 (211,292 ) (91,043 )
NET CURRENT ASSETS (LIABILITIES) (139,897 ) (15,543 )
TOTAL ASSETS LESS CURRENT LIABILITIES 428,464 554,876
Creditors: Amounts Falling Due After More Than One Year 9 (11,667 ) (122,557 )
NET ASSETS 416,797 432,319
CAPITAL AND RESERVES
Called up share capital 10 444 444
Revaluation reserve 11 201,694 201,694
Profit and Loss Account 214,659 230,181
SHAREHOLDERS' FUNDS 416,797 432,319
Page 1
Page 2
For the year ending 31 March 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Fox
Director
29/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dixon Fox Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02074024 . The registered office is Bramley Business Park, Railsfield Rise, Leeds, West Yorkshire, LS13 3SA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold .
Plant & Machinery Reducing Balance 15%
Motor Vehicles Reducing Balance 25%
Fixtures & Fittings Reducing Balance 15%
Computer Equipment Reducing Balance 25%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 557,050 203,811 9,000 9,404 779,265
As at 31 March 2024 557,050 203,811 9,000 9,404 779,265
Depreciation
As at 1 April 2023 - 194,205 8,097 6,787 209,089
Provided during the period - 1,440 226 392 2,058
As at 31 March 2024 - 195,645 8,323 7,179 211,147
Net Book Value
As at 31 March 2024 557,050 8,166 677 2,225 568,118
As at 1 April 2023 557,050 9,606 903 2,617 570,176
5. Investments
Unlisted
£
Cost
As at 1 April 2023 243
As at 31 March 2024 243
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 243
As at 1 April 2023 243
6. Stocks
2024 2023
£ £
Materials 7,114 9,111
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 63,695 64,539
Other debtors - 1,115
63,695 65,654
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 20,438 19,720
Bank loans and overdrafts 71,308 41,078
Corporation tax 7,263 9,380
Other taxes and social security 11,035 8,966
VAT 8,183 9,649
Accruals and deferred income 2,114 2,250
Directors' loan accounts 90,951 -
211,292 91,043
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,667 21,667
Other creditors (1) - 100,890
11,667 122,557
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 444 444
11. Reserves
Revaluation Reserve
£
As at 1 April 2023 201,694
As at 31 March 2024 201,694
Page 5