Dixon Plumbing Contractors Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08185167

DIXON PLUMBING CONTRACTORS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

DIXON PLUMBING CONTRACTORS LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Tangible assets	6		6,574		8,688

CURRENT ASSETS

Debtors	7	44,531	91,768
Cash at bank and in hand		680	13,336
		--------	---------
		45,211	105,104

CREDITORS: amounts falling due within one year	8	92,880		113,552
		--------		---------
NET CURRENT LIABILITIES			47,669		8,448
			--------		-------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 41,095)		240
			--------		----
NET (LIABILITIES)/ASSETS			( 41,095)		240
			--------		----

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	( 41,195)	140
	--------	----
SHAREHOLDERS (DEFICIT)/FUNDS	( 41,095)	240
	--------	----

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 income and retained earnings has not been delivered.

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.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

DIXON PLUMBING CONTRACTORS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 21 August 2025 , and are signed on behalf of the board by:

Mr C Dixon

Director

Company registration number: 08185167

DIXON PLUMBING CONTRACTORS LIMITED

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 Headlands House, 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

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% straight line

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 subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:

Plant and machinery	-	15% reducing balance
Motor vehicles	-	25% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

The financial statements have been prepared on the historical cost basis.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1 January 2024 and 31 December 2024	7,650
	-------
Amortisation
At 1 January 2024 and 31 December 2024	7,650
	-------
Carrying amount
At 31 December 2024	–
	-------
At 31 December 2023	–
	-------

6. TANGIBLE ASSETS

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 January 2024 and 31 December 2024	3,390	22,593	25,983
	-------	--------	--------
Depreciation
At 1 January 2024	2,831	14,464	17,295
Charge for the year	82	2,032	2,114
	-------	--------	--------
At 31 December 2024	2,913	16,496	19,409
	-------	--------	--------
Carrying amount
At 31 December 2024	477	6,097	6,574
	-------	--------	--------
At 31 December 2023	559	8,129	8,688
	-------	--------	--------

7. DEBTORS

	2024	2023
	£	£
Trade debtors	44,281	90,115
Other debtors	250	1,653
	--------	--------
	44,531	91,768
	--------	--------

8. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	4,432	15,255
Social security and other taxes	578	1,860
Other creditors	87,870	96,437
	--------	---------
	92,880	113,552
	--------	---------

9. GOING CONCERN

The directors have considered the period to August 2026 when assessing the company's ability to continue as a going concern. It is believed that the company will either be able to satisfy its liabilities as these become payable, or alternatively will be sold as a going concern.

10. RELATED PARTY TRANSACTIONS

During the year the company undertook the following transactions with related parties: The directors have advanced monies to the company. At 31 December 2024 the amount due from the company was £85,145 (2023 - £89,056).