Company Registration No. 9421914 (England and Wales)
DXW Ltd
Unaudited accounts
for the year ended 31 March 2025
DXW Ltd
Company Information
for the year ended 31 March 2025
Company Number
9421914 (England and Wales)
Registered Office
71-75 Shelton Street
London
WC2 9JQ
DXW Ltd
Statement of financial position
as at 31 March 2025
Investments
104,763
144,681
Cash at bank and in hand
206,331
150,782
Creditors: amounts falling due within one year
(4,235)
(4,094)
Net current assets
306,975
291,369
Total assets less current liabilities
306,975
291,540
Provisions for liabilities
Net assets
305,419
291,540
Profit and loss account
305,419
291,540
Shareholders' funds
305,419
291,540
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 November 2025 and were signed on its behalf by
David B Wang
Director
Company Registration No. 9421914
DXW Ltd
Notes to the Accounts
for the year ended 31 March 2025
DXW Ltd is a private company, limited by shares, registered in England and Wales, registration number 9421914. The registered office is 71-75 Shelton Street, London, WC2 9JQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended
31 March 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note
9 below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investments in shares are included at fair value.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% straight line
DXW Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
837
1,267
2,104
At 31 March 2025
837
1,267
2,104
At 1 April 2024
704
1,229
1,933
Charge for the year
133
38
171
At 31 March 2025
837
1,267
2,104
At 31 March 2024
133
38
171
Amounts falling due within one year
Accrued income and prepayments
116
-
6
Investments held as current assets
2025
2024
Listed investments
104,763
144,681
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
2,835
2,788
Loans from directors
462
399
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
9
Reconciliations on adoption of FRS 102
No adjustments arise on the transition to FRS102