REGISTERED NUMBER: |
C J & A J Dixon Limited |
Unaudited Financial Statements |
For The Year Ended 31 December 2023 |
REGISTERED NUMBER: |
C J & A J Dixon Limited |
Unaudited Financial Statements |
For The Year Ended 31 December 2023 |
C J & A J Dixon Limited (Registered number: 01365683) |
Contents of the Financial Statements |
For The Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Abridged Balance Sheet | 3 |
Notes to the Financial Statements | 5 |
C J & A J Dixon Limited |
Company Information |
For The Year Ended 31 December 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
15 Prospect Street |
Bridlington |
East Yorkshire |
YO15 2AE |
BANKERS: |
PO Box 13 |
St Nicholas Street |
Scarborough |
North Yorkshire |
YO11 2HS |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
C J & A J Dixon Limited |
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of C J & A J Dixon Limited for the year ended 31 December 2023 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the director of C J & A J Dixon Limited in accordance with the terms of our engagement letter dated 27 September 2019. Our work has been undertaken solely to prepare for your approval the financial statements of C J & A J Dixon Limited and state those matters that we have agreed to state to the director of C J & A J Dixon Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C J & A J Dixon Limited and its director for our work or for this report. |
It is your duty to ensure that C J & A J Dixon Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of C J & A J Dixon Limited. You consider that C J & A J Dixon Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of C J & A J Dixon Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
15 Prospect Street |
Bridlington |
East Yorkshire |
YO15 2AE |
C J & A J Dixon Limited (Registered number: 01365683) |
Abridged Balance Sheet |
31 December 2023 |
2023 | 2022 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | 1,324,743 |
SHAREHOLDERS' FUNDS |
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. |
C J & A J Dixon Limited (Registered number: 01365683) |
Abridged Balance Sheet - continued |
31 December 2023 |
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 |
C J & A J Dixon Limited (Registered number: 01365683) |
Notes to the Financial Statements |
For The Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
C J & A J Dixon Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment and website | - |
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. |
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. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution 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 |
C J & A J Dixon Limited (Registered number: 01365683) |
Notes to the Financial Statements - continued |
For The Year Ended 31 December 2023 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 January 2023 |
Additions |
Disposals | ( |
) |
At 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
5. | LOANS |
Details of shares shown as liabilities are as follows: |
Allotted, Issued and fully paid: | Nominal | 2023 | 2022 |
Number: | Class: | value: | £ | £ |
270,000 | Redeemable Preference | £1 | 270,000 | 270,000 |
The Redeemable Preference Shares are redeemable at par value at the Company's option upon the delivery of 3 months written notice. The Redeemable Preference shareholders are not entitled to received notice of, attend or vote at any general meeting, or to vote on a written resolution of the Company, except for an Ordinary Resolution to declare a Preference Dividend in accordance with the Articles of Association. The holders of the Redeemable Preference Shares are deemed to have the voting rights for the purposes of requisitioning a general meeting or requiring circulation of a written resolution solely for the purposes of passing such an ordinary resolution.The Redeemable Preference Shares are entitled to receive back the paid up share capital on these shares in priority to any other class of share, on the winding up, sale or any other return of capital of the Company, but do not entitle the holders therof to participate further in the distribution of any surplus assets. The holders of the Redeemable Preference Shares may, by Ordinary Resolution, declare a Preference Dividend in respect of any accounting period provided that 1) the Ordinary Resolution is passed before the end of the Accounting Period, 2) an interim dividend has been declared or a final dividend recommended by the Directors on the Ordinary Shares for that period, and 3) the Preference Dividend declared does not exceed the annual rate of 5% of the capital paid up on each Redeemable Preference share. |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | as restated |
£ | £ |
Ordinary | £1 | 100 | 100 |
The Ordinary Shares are not redeemable. Each Ordinary share has full rights of the Company with respect to Voting, Dividend and Capital distribution, subject to the rights of the Redeemable Preference Shares set out above. |
C J & A J Dixon Limited (Registered number: 01365683) |
Notes to the Financial Statements - continued |
For The Year Ended 31 December 2023 |
7. | RELATED PARTY DISCLOSURES |
The following balances were due to the Director: |
2023 | 2022 |
£ | £ |
C J Dixon | 1,000 | - |
8. | ULTIMATE CONTROLLING PARTY |
The controlling party is C J Dixon. |