Registered number
06459486
DIXON MECHANICAL SERVICES LIMITED
Filleted Accounts
31 December 2023
DIXON MECHANICAL SERVICES LIMITED
Registered number: 06459486
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 242,839 45,652
Current assets
Stocks 5,000 5,000
Debtors 4 472,148 224,419
Cash at bank and in hand 526,698 749,791
1,003,846 979,210
Creditors: amounts falling due within one year 5 (772,514) (665,857)
Net current assets 231,332 313,353
Total assets less current liabilities 474,171 359,005
Creditors: amounts falling due after more than one year 6 (9,500) (9,500)
Provisions for liabilities (30,000) -
Net assets 434,671 349,505
Capital and reserves
Called up share capital 540 540
Profit and loss account 434,131 348,965
Shareholders' funds 434,671 349,505
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C.V. Dixon
Director
Approved by the board on 29 September 2024
DIXON MECHANICAL SERVICES LIMITED
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Plant and machinery 15% reducing balance
Fixtures, fittings, tools and equipment 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 74,720 146,901 221,621
Additions - 248,963 248,963
Disposals - (14,950) (14,950)
At 31 December 2023 74,720 380,914 455,634
Depreciation
At 1 January 2023 71,843 104,126 175,969
Charge for the year 432 40,132 40,564
On disposals - (3,738) (3,738)
At 31 December 2023 72,275 140,520 212,795
Net book value
At 31 December 2023 2,445 240,394 242,839
At 31 December 2022 2,877 42,775 45,652
4 Debtors 2023 2022
£ £
Trade debtors 466,188 215,115
Other debtors 5,960 9,304
472,148 224,419
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 173,771 -
Trade creditors 163,775 226,734
Directors loan account 270,145 249,374
Corporation Tax (5,638) 6,094
Taxation and social security costs 28,044 22,708
Value Added Tax 96,417 122,947
Other creditors 46,000 38,000
772,514 665,857
6 Creditors: amounts falling due after one year 2023 2022
£ £
Trade creditors 9,500 9,500
7 Other information
DIXON MECHANICAL SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
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