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REGISTERED NUMBER: 14079937 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

DIXON DECORATORS LTD

DIXON DECORATORS LTD (REGISTERED NUMBER: 14079937)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIXON DECORATORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: A L P Dixon





REGISTERED OFFICE: 26 Charger Road
Trumpington
Cambridge
Cambridgeshire
CB2 9EA





REGISTERED NUMBER: 14079937 (England and Wales)





ACCOUNTANTS: TC CH Limited
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

DIXON DECORATORS LTD (REGISTERED NUMBER: 14079937)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,854 4,338

CURRENT ASSETS
Stocks 5 1,500 -
Debtors 6 15,479 53,467
Cash at bank 3,437 103
20,416 53,570
CREDITORS
Amounts falling due within one year 7 11,352 29,831
NET CURRENT ASSETS 9,064 23,739
TOTAL ASSETS LESS CURRENT LIABILITIES 33,918 28,077

CREDITORS
Amounts falling due after more than one
year

8

(15,242

)

-

PROVISIONS FOR LIABILITIES 9 (6,216 ) (1,085 )
NET ASSETS 12,460 26,992

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 12,459 26,991
SHAREHOLDERS' FUNDS 12,460 26,992

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

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.

DIXON DECORATORS LTD (REGISTERED NUMBER: 14079937)

BALANCE SHEET - continued
31 MAY 2024


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 director and authorised for issue on 23 October 2024 and were signed by:





A L P Dixon - Director


DIXON DECORATORS LTD (REGISTERED NUMBER: 14079937)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Dixon Decorators Ltd 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

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

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.


DIXON DECORATORS LTD (REGISTERED NUMBER: 14079937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued
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.

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 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.

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 2 ) .

DIXON DECORATORS LTD (REGISTERED NUMBER: 14079937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 779 4,700 5,479
Additions - 21,601 21,601
At 31 May 2024 779 26,301 27,080
DEPRECIATION
At 1 June 2023 162 979 1,141
Charge for year 155 930 1,085
At 31 May 2024 317 1,909 2,226
NET BOOK VALUE
At 31 May 2024 462 24,392 24,854
At 31 May 2023 617 3,721 4,338

5. STOCKS
2024 2023
£    £   
Stocks 1,500 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,982 45,444
Other debtors - 6,608
VAT 497 1,415
15,479 53,467

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,810 -
Trade creditors 5,328 7,502
Corporation tax - 5,946
Social security and other taxes 383 49
Other creditors 1,506 5,022
Directors' current accounts 325 10,312
Accrued expenses - 1,000
11,352 29,831

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 15,242 -

DIXON DECORATORS LTD (REGISTERED NUMBER: 14079937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,216 1,085

Deferred
tax
£   
Balance at 1 June 2023 1,085
Provided during year 5,131
Balance at 31 May 2024 6,216

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £0.01 1 1

11. RESERVES
Retained
earnings
£   

At 1 June 2023 26,991
Deficit for the year (7,532 )
Dividends (7,000 )
At 31 May 2024 12,459

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £7,000 were paid to the director .

Included in other creditors is a loan of £324 (2023 - £10,312) given to the company by A Dixon. This loan is interest fee and payable on demand.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A L P Dixon.

by virtue of their 100% shareholding in the company.