MESSRS J DIXON & SONS LIMITED


Directors	DIXON, Christine Janet
	DIXON, John Story
	DIXON, John Daniel
	DIXON, Richard David


Registered Address	Lesson Hall
	Wigton
	CA7 0EA


Registered Number	10400425 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,686,738		1,635,340
			1,686,738		1,635,340
Current assets
Stocks	4	250,210		222,760
Debtors		154,946		85,428
Cash at bank and on hand		261,460		182,404
		666,616		490,592
Creditors amounts falling due within one year	5	(926,565)		(829,058)
Net current assets (liabilities)			(259,949)		(338,466)
Total assets less current liabilities			1,426,789		1,296,874
Creditors amounts falling due after one year	6		(36,667)		(73,333)
Provisions for liabilities	8		(179,215)		(188,814)
Net assets			1,210,907		1,034,727
Capital and reserves
Called up share capital			400		400
Profit and loss account			1,210,507		1,034,327
Shareholders' funds			1,210,907		1,034,727

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 11 December 2025, and are signed on its behalf by:

DIXON, John Daniel
Director
Registered Company No. 10400425

MESSRS J DIXON & SONS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	10
	Vehicles	20

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Stocks and work in progress

Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). 

At each date of Statement of Financial Position, stocks are assessed for impairment.  If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell.  The impairment loss is recognised immediately in the Income Statement.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	4		4

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Total
	£	£	£	£
Cost or valuation
At 01 April 24	641,890	1,123,587	389,563	2,155,040
Additions	103,121	20,316	63,000	186,437
Disposals	-	(9,200)	(37,500)	(46,700)
At 31 March 25	745,011	1,134,703	415,063	2,294,777
Depreciation and impairment
At 01 April 24	-	375,976	143,724	519,700
Charge for year	-	74,654	48,776	123,430
On disposals	-	(4,800)	(30,291)	(35,091)
At 31 March 25	-	445,830	162,209	608,039
Net book value
At 31 March 25	745,011	688,873	252,854	1,686,738
At 31 March 24	641,890	747,611	245,839	1,635,340

4.	Stocks

	2025	2024
	£	£
Other stocks	250,210	222,760
Total	250,210	222,760

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	177,319	58,791
Taxation and social security	71,686	-
Other creditors	673,903	767,281
Accrued liabilities and deferred income	3,657	2,986
Total	926,565	829,058

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	36,667	73,333
Total	36,667	73,333

7.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	36,667		73,333

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	179,215	188,814
Total	179,215	188,814