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REGISTERED NUMBER: 01294935 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Walter Dix (Heating) Limited

Walter Dix (Heating) Limited (Registered number: 01294935)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Walter Dix (Heating) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: J D Bolam
S R Dix





SECRETARY: S R Dix





REGISTERED OFFICE: 1 Stirling Court
Eleventh Avenue North
Team Valley
Gateshead
NE11 0JF





REGISTERED NUMBER: 01294935 (England and Wales)





ACCOUNTANTS: Douglas Shaw Limited
7 Brenkley Way
Blezard Business Park
Seaton Burn
Tyne and Wear
NE13 6DS

Walter Dix (Heating) Limited (Registered number: 01294935)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 92,776 81,848

CURRENT ASSETS
Stocks 159,245 158,921
Debtors 5 30,941 52,624
Cash at bank 344,837 406,215
535,023 617,760
CREDITORS
Amounts falling due within one year 6 356,380 431,559
NET CURRENT ASSETS 178,643 186,201
TOTAL ASSETS LESS CURRENT
LIABILITIES

271,419

268,049

PROVISIONS FOR LIABILITIES 20,158 17,232
NET ASSETS 251,261 250,817

CAPITAL AND RESERVES
Called up share capital 5,004 5,004
Share premium 196 196
Retained earnings 246,061 245,617
251,261 250,817

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Walter Dix (Heating) Limited (Registered number: 01294935)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:





S R Dix - Director


Walter Dix (Heating) Limited (Registered number: 01294935)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Walter Dix (Heating) 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.

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.
Improvements to property - 20% on cost
Plant and machinery - 25% on reducing balance
Fixtures, fittings & equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Website costs - 20% on cost

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.

Walter Dix (Heating) Limited (Registered number: 01294935)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures,
to Plant and fittings
property machinery & equipment
£    £    £   
COST
At 1 July 2023 5,000 4,270 92,887
Additions - - -
Disposals - - -
At 30 June 2024 5,000 4,270 92,887
DEPRECIATION
At 1 July 2023 4,999 3,786 76,579
Charge for year - 121 2,447
Eliminated on disposal - - -
At 30 June 2024 4,999 3,907 79,026
NET BOOK VALUE
At 30 June 2024 1 363 13,861
At 30 June 2023 1 484 16,308

Walter Dix (Heating) Limited (Registered number: 01294935)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Website
vehicles costs Totals
£    £    £   
COST
At 1 July 2023 129,728 16,400 248,285
Additions 36,913 8,490 45,403
Disposals (40,996 ) - (40,996 )
At 30 June 2024 125,645 24,890 252,692
DEPRECIATION
At 1 July 2023 67,674 13,399 166,437
Charge for year 23,253 2,698 28,519
Eliminated on disposal (35,040 ) - (35,040 )
At 30 June 2024 55,887 16,097 159,916
NET BOOK VALUE
At 30 June 2024 69,758 8,793 92,776
At 30 June 2023 62,054 3,001 81,848

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 11,150 44,358
Prepayments 19,791 8,266
30,941 52,624

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other loans 15,000 70,000
Trade creditors 141,173 107,976
Tax 2,139 23,643
Social security and other taxes 25,261 39,139
Other creditors and accruals 26,588 21,056
Customer deposits 146,219 169,745
356,380 431,559

Walter Dix (Heating) Limited (Registered number: 01294935)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 53,900 41,868
Between one and five years 235,200 94,203
In more than five years 14,700 -
303,800 136,071