REGISTERED NUMBER: 04355223 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

DIXONBAXI LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

81,693

126,774

81,693

126,774

CURRENT ASSETS

Debtors

6

2,089,704

1,087,077

Cash at bank

718,668

1,773,964

2,808,372

2,861,041

CREDITORS

Amounts falling due within one year

7

(1,421,301

)

(1,080,661

)

NET CURRENT ASSETS

1,387,071

1,780,380

TOTAL ASSETS LESS CURRENT LIABILITIES

1,468,764

1,907,154

CREDITORS

Amounts falling due after more than one year

8

(1,271

)

(12,578

)

PROVISIONS FOR LIABILITIES

(15,089

)

(31,694

)

NET ASSETS

1,452,404

1,862,882

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,452,402

1,862,880

SHAREHOLDERS' FUNDS

1,452,404

1,862,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 28 October 2025 and were signed on its behalf by:

S Dixon - Director

A Baxi - Director

1.	STATUTORY INFORMATION

Dixonbaxi Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04355223

Registered office:

Unit 5

30 Wharf Road

London

N1 7GR

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of two years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

33.3% straight line

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2024 - 46 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

30,000

AMORTISATION

At 1 February 2024

and 31 January 2025

30,000

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 February 2024

689,370

Additions

52,235

Disposals

(11,813

)

At 31 January 2025

729,792

DEPRECIATION

At 1 February 2024

562,596

Charge for year

91,754

Eliminated on disposal

(6,251

)

At 31 January 2025

648,099

NET BOOK VALUE

At 31 January 2025

81,693

At 31 January 2024

126,774

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

machinery

£

COST

At 1 February 2024

50,853

Disposals

(8,930

)

At 31 January 2025

41,923

DEPRECIATION

At 1 February 2024

20,066

Charge for year

13,974

Eliminated on disposal

(3,473

)

At 31 January 2025

30,567

NET BOOK VALUE

At 31 January 2025

11,356

At 31 January 2024

30,787

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

994,106

516,043

Amounts owed by group undertakings

911,545

483,299

Other debtors

184,053

87,735

2,089,704

1,087,077

Amounts owed by group undertakings are unsecured, interest free, have no fixed date of repayment and are payable on demand

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Finance leases

11,377

18,220

Trade creditors

141,203

213,141

Taxation and social security

199,705

83,778

Other creditors

1,069,016

765,522

1,421,301

1,080,661

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Finance leases

1,271

12,578

9.	RELATED PARTY DISCLOSURES

Balances owed by group undertakings and the terms attributable to them are disclosed in note 7 to the financial statements.