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Company registration number: 11717630
John Dixon Building Contractor Ltd
Unaudited filleted financial statements
31 December 2024
John Dixon Building Contractor Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
John Dixon Building Contractor Ltd
Directors and other information
Director Mr J P Dixon
Company number 11717630
Registered office Gwern Afalau
Llandwrog
Caernarfon
Gwynedd
LL54 5TF
Business address Gwern Afalau
Llandwrog
Caernarfon
Gwynedd
LL54 5TF
Accountants Parker, O'Regan, Tann & Co
Bangor Business Centre
2 Farrar Road
Bangor
Gwynedd
LL57 1LJ
John Dixon Building Contractor Ltd
Chartered Certified accountants report to the director on the preparation of the
unaudited statutory financial statements of John Dixon Building Contractor Ltd
Year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of John Dixon Building Contractor Ltd for the year ended 31 December 2024 as set out on pages 5 to 10 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com.
This report is made solely to the director of John Dixon Building Contractor Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of John Dixon Building Contractor Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than John Dixon Building Contractor Ltd and its director as a body for our work or for this report.
It is your duty to ensure that John Dixon Building Contractor Ltd 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 profit of John Dixon Building Contractor Ltd. You consider that John Dixon Building Contractor Ltd 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 John Dixon Building Contractor Ltd. 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.
Parker, O'Regan, Tann & Co
Chartered Certified Accountants
Bangor Business Centre
2 Farrar Road
Bangor
Gwynedd
LL57 1LJ
25 March 2025
John Dixon Building Contractor Ltd
Statement of financial position
31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 469,555 468,895
_______ _______
469,555 468,895
Current assets
Stocks 500 500
Debtors 7 40,041 47,518
Cash at bank and in hand 229,937 86,629
_______ _______
270,478 134,647
Creditors: amounts falling due
within one year 8 ( 119,221) ( 103,742)
_______ _______
Net current assets 151,257 30,905
_______ _______
Total assets less current liabilities 620,812 499,800
Creditors: amounts falling due
after more than one year 9 ( 257,028) ( 288,626)
Provisions for liabilities ( 5,899) ( 5,688)
_______ _______
Net assets 357,885 205,486
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 357,785 205,386
_______ _______
Shareholders funds 357,885 205,486
_______ _______
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 25 March 2025 , and are signed on behalf of the board by:
Mr J P Dixon
Director
Company registration number: 11717630
John Dixon Building Contractor Ltd
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Gwern Afalau, Llandwrog, Caernarfon, Gwynedd, LL54 5TF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents the total amount receivable for the period, excluding value added tax and net of trade discounts.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 20 %
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - Nil
Plant and machinery - 10 %
Fittings fixtures and equipment - 20 %
Motor vehicles - 12.50 %
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are valued at lower of cost or net realisable value after making due allowance for obsolete and slow moving stocks.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 January 2024 and 31 December 2024 10,000 10,000
_______ _______
Amortisation
At 1 January 2024 and 31 December 2024 10,000 10,000
_______ _______
Carrying amount
At 31 December 2024 - -
_______ _______
At 31 December 2023 - -
_______ _______
6. Tangible assets
Freehold property Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £ £
Cost
At 1 January 2024 445,128 14,399 1,263 19,083 479,873
Additions - 2,002 2,052 - 4,054
_______ _______ _______ _______ _______
At 31 December 2024 445,128 16,401 3,315 19,083 483,927
_______ _______ _______ _______ _______
Depreciation
At 1 January 2024 - 4,698 526 5,754 10,978
Charge for the year - 1,170 558 1,666 3,394
_______ _______ _______ _______ _______
At 31 December 2024 - 5,868 1,084 7,420 14,372
_______ _______ _______ _______ _______
Carrying amount
At 31 December 2024 445,128 10,533 2,231 11,663 469,555
_______ _______ _______ _______ _______
At 31 December 2023 445,128 9,701 737 13,329 468,895
_______ _______ _______ _______ _______
7. Debtors
2024 2023
£ £
Trade debtors 3,799 30,000
Other debtors 36,242 17,518
_______ _______
40,041 47,518
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 30,341 29,119
Trade creditors 15,681 25,188
Corporation tax 61,238 22,302
Social security and other taxes 11,920 26,849
Other creditors 41 284
_______ _______
119,221 103,742
_______ _______
The bank loan is secured over the company's assets. There is also a personal guanantee provided by the director.
9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 257,028 288,626
_______ _______
The bank loan is secured over the company's assets. There is also a personal guarantee provided by the director