Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31falsetrue2024-01-01Concept lighting11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09261859 2024-01-01 2024-12-31 09261859 2023-01-01 2023-12-31 09261859 2024-12-31 09261859 2023-12-31 09261859 c:Director1 2024-01-01 2024-12-31 09261859 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 09261859 d:OtherPropertyPlantEquipment 2024-12-31 09261859 d:OtherPropertyPlantEquipment 2023-12-31 09261859 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09261859 d:CurrentFinancialInstruments 2024-12-31 09261859 d:CurrentFinancialInstruments 2023-12-31 09261859 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09261859 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09261859 d:ShareCapital 2024-12-31 09261859 d:ShareCapital 2023-12-31 09261859 d:CapitalRedemptionReserve 2024-12-31 09261859 d:CapitalRedemptionReserve 2023-12-31 09261859 d:RetainedEarningsAccumulatedLosses 2024-12-31 09261859 d:RetainedEarningsAccumulatedLosses 2023-12-31 09261859 c:FRS102 2024-01-01 2024-12-31 09261859 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09261859 c:FullAccounts 2024-01-01 2024-12-31 09261859 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09261859 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 09261859










SMITH DIXON AND ASSOCIATES LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
SMITH DIXON AND ASSOCIATES LTD
REGISTERED NUMBER: 09261859

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,145
1,355

Current assets
  

Debtors: amounts falling due within one year
 5 
19,774
40,017

Cash at bank and in hand
  
18,972
15,810

  
38,746
55,827

Creditors: amounts falling due within one year
 6 
(9,276)
(22,937)

Net current assets
  
 
 
29,470
 
 
32,890

  

Net assets
  
30,615
34,245


Capital and reserves
  

Called up share capital 
  
1
1

Capital redemption reserve
  
2
2

Profit and loss account
  
30,612
34,242

  
30,615
34,245


Page 1

 
SMITH DIXON AND ASSOCIATES LTD
REGISTERED NUMBER: 09261859
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 April 2025.




L A Smith
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SMITH DIXON AND ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Smith Dixon and Associates Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 09261859). Its registered office is 17 Talbot Road, Leeds, West Yorkshire, LS8 1AG. The principal activity of the Company throughout the year continued to be that of concept lighting.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
SMITH DIXON AND ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The depreciation rates used are:

Computer equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

 
2.5

Financial instruments


The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties. 
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 4

 
SMITH DIXON AND ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
SMITH DIXON AND ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Computer equipment

£



Cost


At 1 January 2024
17,817


Additions
748



At 31 December 2024

18,565



Depreciation


At 1 January 2024
16,462


Charge for the year on owned assets
958



At 31 December 2024

17,420



Net book value



At 31 December 2024
1,145



At 31 December 2023
1,355

Page 6

 
SMITH DIXON AND ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
12,671
31,451

Prepayments
7,103
8,566

19,774
40,017



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
1,543
4,732

Other taxation and social security
34
1,091

Other creditors
4,499
14,214

Accruals
3,200
2,900

9,276
22,937


 
Page 7