WILLIAM DIXON & ASSOCIATES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W D Dixon

R J Edney

Adaptable Services Group Ltd

Mrs H Foster

REGISTERED OFFICE:

Hartham Park

Hartham Lane

Corsham

Wiltshire

SN13 0RP

REGISTERED NUMBER:

07167341 (England and Wales)

ACCOUNTANTS:

Bowen Accountants Ltd

Chartered Accountants

Unit 1 Gate Farm

High Street

Sutton Benger

Chippenham

Wiltshire

SN15 4RE

FIXED ASSETS

Intangible assets

4

251,110

306,287

Tangible assets

5

11,835

9,905

Investments

6

2,380

2,380

265,325

318,572

CURRENT ASSETS

Debtors

7

255,582

231,565

Prepayments and accrued income

4,800

4,780

Cash at bank

218,152

120,693

478,534

357,038

CREDITORS

Amounts falling due within one year

8

205,977

172,181

NET CURRENT ASSETS

272,557

184,857

TOTAL ASSETS LESS CURRENT LIABILITIES

537,882

503,429

PROVISIONS FOR LIABILITIES

9

(2,959

)

(2,476

)

ACCRUALS AND DEFERRED INCOME

(2,475

)

(2,248

)

NET ASSETS

532,448

498,705

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

532,348

498,605

SHAREHOLDERS' FUNDS

532,448

498,705

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 23 December 2025 and were signed on its behalf by:

W D Dixon - Director

R J Edney - Director

1.	STATUTORY INFORMATION

William Dixon & Associates Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 recognised when the company obtains rights to consideration.

Goodwill

Goodwill represents the purchase of businesses and is being amortised over their estimated useful life of 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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

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 12 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

713,045

Additions

17,919

At 31 March 2025

730,964

AMORTISATION

At 1 April 2024

406,758

Amortisation for year

73,096

At 31 March 2025

479,854

NET BOOK VALUE

At 31 March 2025

251,110

At 31 March 2024

306,287

The goodwill relates to an addition made in the year ended 31 March 2021. It represents the original investment value of the acquisition of a subsidiary, Nolan Philips Financial Ltd. Following the subsidiary being liquidated, the trade has been transferred into William Dixon & Associates Ltd and the cost of the investment has been converted into goodwill.The addition made in the year ended 31 March 2025 is the cost of a list of client leads from TFAS Wealth Ltd.

5.	TANGIBLE FIXED ASSETS

Office

Computer

equipment

equipment

Totals

£

£

£

COST

At 1 April 2024

13,108

17,685

30,793

Additions

2,837

3,652

6,489

Disposals

(6,825

)

(11,068

)

(17,893

)

At 31 March 2025

9,120

10,269

19,389

DEPRECIATION

At 1 April 2024

8,905

11,983

20,888

Charge for year

551

1,310

1,861

Eliminated on disposal

(5,721

)

(9,474

)

(15,195

)

At 31 March 2025

3,735

3,819

7,554

NET BOOK VALUE

At 31 March 2025

5,385

6,450

11,835

At 31 March 2024

4,203

5,702

9,905

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

2,380

NET BOOK VALUE

At 31 March 2025

2,380

At 31 March 2024

2,380

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

152,322

137,490

Other debtors

16,020

16,070

Directors' current accounts

68,392

58,099

Tax

18,848

19,906

255,582

231,565

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

-

5,834

Trade creditors

60,298

46,223

Tax

141,366

116,578

Social security and other taxes

4,313

3,546

205,977

172,181

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

2,959

2,476

Deferred

tax

£

Balance at 1 April 2024

2,476

Charge to Income Statement during year

483

Balance at 31 March 2025

2,959

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

W D Dixon

Balance outstanding at start of year

17,767

15,965

Amounts advanced

3,605

2,872

Amounts repaid

-

(1,070

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

21,372

17,767

R J Edney

Balance outstanding at start of year

39,486

38,182

Amounts advanced

3,462

2,810

Amounts repaid

-

(1,506

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

42,948

39,486

Adaptable Services Group Ltd

Balance outstanding at start of year

846

764

Amounts advanced

1,512

846

Amounts repaid

-

(764

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,358

846

Mrs H Foster

Balance outstanding at start of year

-

-

Amounts advanced

1,714

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,714

-

Interest has been charged on loans greater than £10,000 at the official rate of interest. The loans are repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of its directors, who act in concert.