Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 5448688 Mr PHILIP DIXON Mrs JUDITH DIXON Miss AMY DIXON Mrs JUDITH DIXON iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 5448688 2023-01-31 5448688 2024-01-31 5448688 2023-02-01 2024-01-31 5448688 frs-core:CurrentFinancialInstruments 2024-01-31 5448688 frs-core:Non-currentFinancialInstruments 2024-01-31 5448688 frs-core:NetGoodwill 2024-01-31 5448688 frs-core:NetGoodwill 2023-02-01 2024-01-31 5448688 frs-core:NetGoodwill 2023-01-31 5448688 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 5448688 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 5448688 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 5448688 frs-core:MotorVehicles 2024-01-31 5448688 frs-core:MotorVehicles 2023-02-01 2024-01-31 5448688 frs-core:MotorVehicles 2023-01-31 5448688 frs-core:PlantMachinery 2024-01-31 5448688 frs-core:PlantMachinery 2023-02-01 2024-01-31 5448688 frs-core:PlantMachinery 2023-01-31 5448688 frs-core:ShareCapital 2024-01-31 5448688 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 5448688 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 5448688 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 5448688 frs-bus:SmallEntities 2023-02-01 2024-01-31 5448688 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 5448688 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 5448688 frs-bus:Director1 2023-02-01 2024-01-31 5448688 frs-bus:Director2 2023-02-01 2024-01-31 5448688 frs-bus:Director3 2023-02-01 2024-01-31 5448688 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 5448688 frs-countries:NorthernIreland 2023-02-01 2024-01-31 5448688 2022-01-31 5448688 2023-01-31 5448688 2022-02-01 2023-01-31 5448688 frs-core:CurrentFinancialInstruments 2023-01-31 5448688 frs-core:Non-currentFinancialInstruments 2023-01-31 5448688 frs-core:ShareCapital 2023-01-31 5448688 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 5448688
P & J DIXON LTD
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 5448688
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 85,000 85,000
Tangible Assets 5 291,806 280,031
376,806 365,031
CURRENT ASSETS
Stocks 6 5,700 5,000
Debtors 7 534,857 494,728
Cash at bank and in hand 23,214 33,405
563,771 533,133
Creditors: Amounts Falling Due Within One Year 8 (92,196 ) (121,192 )
NET CURRENT ASSETS (LIABILITIES) 471,575 411,941
TOTAL ASSETS LESS CURRENT LIABILITIES 848,381 776,972
NET ASSETS 848,381 776,972
CAPITAL AND RESERVES
Called up share capital 9 12 11
Profit and Loss Account 848,369 776,961
SHAREHOLDERS' FUNDS 848,381 776,972
Page 1
Page 2
For the year ending 31 January 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
Mrs JUDITH DIXON
Director
02/09/2024
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
P & J DIXON LTD is a private company, limited by shares, incorporated in Northern Ireland, registered number 5448688 . The registered office is WHITE LODGE, HANNAKIN, HAWKSHEAD, AMBLESIDE, CUMBRIA, LA22 0PZ.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Leasehold -
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
2.5. 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.
2.6. 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.
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: 26 (2023: 24)
26 24
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 85,000
As at 31 January 2024 85,000
Net Book Value
As at 31 January 2024 85,000
As at 1 February 2023 85,000
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 February 2023 238,536 271,527 13,595 523,658
Additions - 7,301 22,219 29,520
As at 31 January 2024 238,536 278,828 35,814 553,178
Depreciation
As at 1 February 2023 - 232,167 11,460 243,627
Provided during the period - 11,661 6,084 17,745
As at 31 January 2024 - 243,828 17,544 261,372
Net Book Value
As at 31 January 2024 238,536 35,000 18,270 291,806
As at 1 February 2023 238,536 39,360 2,135 280,031
6. Stocks
2024 2023
£ £
Materials 5,700 5,000
7. Debtors
2024 2023
£ £
Due after more than one year
Trade debtors 8,260 -
Directors loan account 103,927 72,058
Amounts owed by group undertakings 422,670 422,670
534,857 494,728
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,030 32,092
Bank loans and overdrafts 2,996 (7,306 )
Corporation tax 31,958 36,189
VAT 12,801 12,892
Other creditors 6,411 12,325
Accruals and deferred income 37,000 35,000
92,196 121,192
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 12 11
Page 5