REGISTERED NUMBER: 07118109 (England and Wales)

Financial Statements

For The Year Ended 31 December 2025

for

Kingscott Dix Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Baily

P H Morgan

M G Spashett

P Murphy

C Burris

Mrs E Steward

REGISTERED OFFICE:

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

REGISTERED NUMBER:

07118109 (England and Wales)

AUDITORS:

SCCA Ltd T/A Strafford & Co

Charterd Accountants & Statutory Auditor

3 The Studios

320 Chorley Old Road

Bolton

B11 4JU

FIXED ASSETS

Intangible assets

4

319,302

377,507

Tangible assets

5

9,316

10,287

328,618

387,794

CURRENT ASSETS

Stocks - work in progress

21,320

23,558

Debtors

6

1,052,964

970,093

Cash at bank and in hand

206,323

256,701

1,280,607

1,250,352

CREDITORS

Amounts falling due within one year

7

427,794

443,517

NET CURRENT ASSETS

852,813

806,835

TOTAL ASSETS LESS CURRENT LIABILITIES

1,181,431

1,194,629

CREDITORS

Amounts falling due after more than one year

8

(222,557

)

(248,105

)

PROVISIONS FOR LIABILITIES

(2,107

)

(938

)

NET ASSETS

956,767

945,586

CAPITAL AND RESERVES

Called up share capital

14,285

14,285

Share premium

163,715

163,715

Capital redemption reserve

200

200

Retained earnings

778,567

767,386

SHAREHOLDERS' FUNDS

956,767

945,586

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 May 2026 and were signed on its behalf by:

S Baily - Director

1.	STATUTORY INFORMATION

Kingscott Dix 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 and income recognition

Turnover is recognised at the fair value of the consideration received or receivable for professional services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade and settlement discounts.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion where it is possible to reliably estimate the stage of completion, costs incurred and costs to completion. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent that the related expenses recognised are recoverable.

Goodwill

Goodwill, is initially measured at cost being the amount paid in connection with the acquisition of businesses. After initial recognition, it is measured at cost less any accumulated amortisation or accumulated impairment losses. Goodwill is being amortised as follows:

2010 Acquisition - over 20 years

2015 Acquisition - over 5 years

2022 Acquisition - over 3 years

Tangible fixed assets

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

Fixtures and fittings - 25% on cost

Computer Equipment - 33.33% on cost

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are measured at transaction price including transaction costs.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans, are recognised at transaction price.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year. If not, they are presented as creditors falling due after more than one year. Trade creditors are recognised at transaction price.

Derecognition of financial liabilities

Financial liabilities are derecognised when, and only when, the company's obligations are discharged, cancelled, or they expire.

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.

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.

Work in progress

Work in progress in respect of contracts where the outcome cannot be assessed with reasonable certainty is valued at the lower of cost and net realisable value. Cost is represented by labour and other direct costs and overheads incurred in bringing each matter to its present state of completion. Net realisable value is the estimated fee charge less further costs expected to be incurred to completion.

Operating leases

Rentals payable under operating leases, including any lease incentives received, are charged to the income statement on a straight line basis over the term of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2024 - 35 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

1,816,705

Additions

26,530

At 31 December 2025

1,843,235

AMORTISATION

At 1 January 2025

1,439,198

Charge for year

84,735

At 31 December 2025

1,523,933

NET BOOK VALUE

At 31 December 2025

319,302

At 31 December 2024

377,507

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

253,656

Additions

4,871

At 31 December 2025

258,527

DEPRECIATION

At 1 January 2025

243,369

Charge for year

5,842

At 31 December 2025

249,211

NET BOOK VALUE

At 31 December 2025

9,316

At 31 December 2024

10,287

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

366,842

368,875

Amounts recoverable on

contracts

591,887

529,690

Other debtors

94,235

71,528

1,052,964

970,093

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

28,217

22,753

Taxation and social security

363,515

345,847

Other creditors

36,062

74,917

427,794

443,517

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Other creditors

222,557

248,105

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Stafford BA (Hons) FCA (Senior Statutory Auditor)

for and on behalf of SCCA Ltd T/A Strafford & Co

10.	OTHER FINANCIAL COMMITMENTS

At the reporting date, the company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

31.12.202 5

31.12.20 24

£

£

Within one year

48,500

48,500

In the second to fifth years inclusive

113,167

161,667

Total

161,667

210,167

These commitments principally relate to the company's lease in respect of office premises at Goodridge Court, Gloucester. Under the lease agreement, the company is committed to rental payments of £48,500 per annum (exclusive of VAT), payable quarterly in advance. The lease commenced on 25 April 2024 and runs to 24 April 2034.

The lease includes:

- a tenant break option exercisable on 25 April 2029; and

- rent review dates on 25 April 2027 and 25 April 2030.

From 1 January 2026, amendments to FRS 102 relating to lease accounting will change the presentation of lease arrangements and associated assets in future financial statements.