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REGISTERED NUMBER: 00329884 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

A.E. Dixon & Son Limited

A.E. Dixon & Son Limited (Registered number: 00329884)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.E. Dixon & Son Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Miss A Palmer
J E Burke





SECRETARY: Miss A Palmer





REGISTERED OFFICE: 2 Manchester Road
Rochdale
Lancashire
OL11 4HY





REGISTERED NUMBER: 00329884 (England and Wales)





ACCOUNTANTS: Versatile Accountancy Services Ltd
The Old Printworks
65 Church Street
Littleborough
Lancashire
OL15 8AB

A.E. Dixon & Son Limited (Registered number: 00329884)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 251,227 265,839
Investments 5 110,000 110,000
361,227 375,839

CURRENT ASSETS
Stocks 5,500 5,500
Debtors 6 429,331 458,374
Cash at bank and in hand 231,913 217,203
666,744 681,077
CREDITORS
Amounts falling due within one year 7 708,910 652,312
NET CURRENT (LIABILITIES)/ASSETS (42,166 ) 28,765
TOTAL ASSETS LESS CURRENT
LIABILITIES

319,061

404,604

CREDITORS
Amounts falling due after more than
one year

8

(122,884

)

(145,092

)

PROVISIONS FOR LIABILITIES 10 (5,632 ) (4,627 )
NET ASSETS 190,545 254,885

A.E. Dixon & Son Limited (Registered number: 00329884)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 2,500 2,500
Revaluation reserve 12 50,380 53,031
Investment revaluation reserve 12 102,792 102,792
Retained earnings 12 34,873 96,562
SHAREHOLDERS' FUNDS 190,545 254,885

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





Miss A Palmer - Director


A.E. Dixon & Son Limited (Registered number: 00329884)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

A.E. Dixon & Son 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 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


A.E. Dixon & Son Limited (Registered number: 00329884)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

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

Pension costs and other post-retirement benefits
The company operates a workplace pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 7 ) .

A.E. Dixon & Son Limited (Registered number: 00329884)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 January 2023 310,000 79,749 83,586 192,428 665,763
Additions - 11,534 2,154 - 13,688
At 31 December 2023 310,000 91,283 85,740 192,428 679,451
DEPRECIATION
At 1 January 2023 138,000 46,399 78,598 136,927 399,924
Charge for year 7,750 5,872 803 13,875 28,300
At 31 December 2023 145,750 52,271 79,401 150,802 428,224
NET BOOK VALUE
At 31 December 2023 164,250 39,012 6,339 41,626 251,227
At 31 December 2022 172,000 33,350 4,988 55,501 265,839

Cost or valuation at 31 December 2023 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2002 (87,865 ) - - - (87,865 )
Cost 397,865 91,283 85,740 192,428 767,316
310,000 91,283 85,740 192,428 679,451

A.E. Dixon & Son Limited (Registered number: 00329884)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 337,865 337,865
Aggregate depreciation 243,164 243,164

Freehold land and buildings were valued on on an open market basis basis on 20 November 2002 by Messrs. Morris Dean Chartered Surveyors .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 110,000
NET BOOK VALUE
At 31 December 2023 110,000
At 31 December 2022 110,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.23 31.12.22
£    £   
Trade debtors 36,494 59,957
Other debtors 41,918 43,753
Directors' loan accounts 347,460 351,162
Prepayments and accrued income 3,459 3,502
429,331 458,374

A.E. Dixon & Son Limited (Registered number: 00329884)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 21,742 19,244
Trade creditors 42,194 22,346
Amounts owed to group undertakings 67,448 42,064
Tax 525 19,903
Social security and other taxes 10,947 10,047
Other creditors 464 1,235
Accrued expenses 6,328 6,520
Funeral paid in advance 559,262 530,953
708,910 652,312

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 22,640 21,741
Bank loans - 2-5 years 52,361 59,231
Bank loans more 5 yr by instal 47,883 64,120
122,884 145,092

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 47,883 64,120

A.E. Dixon & Son Limited (Registered number: 00329884)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 116,292 164,336

The company's bank facilities are secured by:

a) A legal charge on land at Manchester Road, Rochdale

b) A legal charge on the leasehold premises at 95 & 95A Church Street, Littleborough, owned by the company's subsidiary.

10. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 5,632 4,627

Deferred
tax
£   
Balance at 1 January 2023 4,627
Provided during year 1,005
Balance at 31 December 2023 5,632

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2,500 Ordinary £1 2,500 2,500

A.E. Dixon & Son Limited (Registered number: 00329884)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

12. RESERVES
Investment
Retained Revaluation revaluation
earnings reserve reserve Totals
£    £    £    £   

At 1 January 2023 96,562 53,031 102,792 252,385
Deficit for the year (8,340 ) (8,340 )
Dividends (56,000 ) (56,000 )
Tr from revaluation reserve 2,651 (2,651 ) - -
At 31 December 2023 34,873 50,380 102,792 188,045

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
J E Burke
Balance outstanding at start of year 64,018 64,718
Amounts advanced 24,302 24,300
Amounts repaid (28,000 ) (25,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 60,320 64,018

Miss A Palmer
Balance outstanding at start of year 287,142 313,777
Amounts advanced 131,893 16,365
Amounts repaid (131,895 ) (43,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 287,140 287,142

Mr J E Burke (director) has given a personal guarantee to the company's bankers in respect of the overdraft facilities.

14. ULTIMATE CONTROLLING PARTY

Mr J E Burke and Miss A Palmer own 100% of the issued share capital of the company.