REGISTERED NUMBER: 00373138 (England and Wales)

Financial Statements

for the Year Ended 31 March 2026

for

E R Dixon Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J P Hemmings

Mrs M Roberts

Mr S Furniss

SECRETARY:

Mr J P Hemmings

REGISTERED OFFICE:

194 High Street

LINCOLN

Lincolnshire

LN5 7AL

REGISTERED NUMBER:

00373138 (England and Wales)

ACCOUNTANTS:

Nicholsons

Chartered Accountants

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

BANKERS:

Lloyds

202 High Street

LINCOLN

Lincolnshire

LN5 7AP

SOLICITORS:

Sills and Betteridge

St Peter's Churchyard

Silver Street

LINCOLN

Lincolnshire

LN2 1EG

FIXED ASSETS

Tangible assets

4

207,341

221,595

CURRENT ASSETS

Stocks

156,487

134,889

Debtors

5

94,379

85,221

Cash at bank and in hand

257,318

186,248

508,184

406,358

CREDITORS

Amounts falling due within one year

6

199,363

130,026

NET CURRENT ASSETS

308,821

276,332

TOTAL ASSETS LESS CURRENT LIABILITIES

516,162

497,927

PROVISIONS FOR LIABILITIES

45,531

48,805

NET ASSETS

470,631

449,122

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

7

460,631

439,122

SHAREHOLDERS' FUNDS

470,631

449,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 15 July 2026 and were signed on its behalf by:

Mr J P Hemmings - Director

1.	STATUTORY INFORMATION

E R Dixon Limited 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 represents the total value, excluding value added tax, of sales made during the year.

Tangible fixed assets

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

Freehold property

-

not provided

Short leasehold

-

Straight line over the life of the lease

Fixtures and fittings

-

33% on cost and 10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

No depreciation is provided on the freehold building as the directors consider that its residual value is in excess of the cost as shown on the Balance Sheet.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Leasing

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.

Government grants

Government grants which have been accounted for under the accruals model, in respect of capital expenditure are recognised within income on a systematic basis over the expected useful life of the asset.

Government grants which have been accounted for under the accruals model in respect of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2025 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Short

and

property

leasehold

fittings

£

£

£

COST

At 1 April 2025

18,037

6,065

573,608

Additions

-

-

9,375

At 31 March 2026

18,037

6,065

582,983

DEPRECIATION

At 1 April 2025

-

6,065

387,628

Charge for year

-

-

18,754

At 31 March 2026

-

6,065

406,382

NET BOOK VALUE

At 31 March 2026

18,037

-

176,601

At 31 March 2025

18,037

-

185,980

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

28,830

38,448

664,988

Additions

-

-

9,375

At 31 March 2026

28,830

38,448

674,363

DEPRECIATION

At 1 April 2025

12,169

37,531

443,393

Charge for year

4,165

710

23,629

At 31 March 2026

16,334

38,241

467,022

NET BOOK VALUE

At 31 March 2026

12,496

207

207,341

At 31 March 2025

16,661

917

221,595

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

48,831

55,379

Other debtors

45,548

29,842

94,379

85,221

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

121,876

59,889

Taxation and social security

29,841

22,762

Other creditors

47,646

47,375

199,363

130,026

7.

RESERVES

Retained

earnings

£

At 1 April 2025

439,122

Profit for the year

42,509

Dividends

(21,000

)

At 31 March 2026

460,631

Subsequent to the year end, and prior to the signature of the accounts, the directors have declared a final dividend of £2.10 per share.

8.	OTHER FINANCIAL COMMITMENTS

The minimum payments under non-cancellable operating leases at 31 March 2026 were £101,029 (2025 £133,297).