Aporva BaxiSimon Dixon00031 January 202625.0025.001476857057.0048.00Specialised design activities1 February 20250674951271674951271182279214213018933491047985418622103129958113771982729518948079710451617855414120313953612089704159530103055968968099860217591154553676099410663433634337033711356816935739265206349451575431630294347532872206635033565033564347434748853227207157361753230567648099220421695538823237820650335650335635908695534630915177068786941923729792300003000030000300003000030000300003000020 October 202620 October 202631 January 2026DixonBaxi LimitedFinancials UK FRS 1022026.10.0+102728 04355223 bus:AuditExemptWithAccountantsReport 2025-02-01 2026-01-31 04355223 bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 04355223 core:OwnedOrFreeholdAssets 2025-02-01 2026-01-31 04355223 core:MotorVehicles 2026-01-31 04355223 bus:Director2 2025-02-01 2026-01-31 04355223 core:PlantMachinery 2025-02-01 2026-01-31 04355223 core:OtherPropertyPlantEquipment 2025-02-01 2026-01-31 04355223 core:Goodwill 2025-01-31 04355223 bus:Director1 2025-02-01 2026-01-31 04355223 core:OwnedOrFreeholdAssets core:OtherPropertyPlantEquipment 2025-02-01 2026-01-31 04355223 core:CurrentFinancialInstruments 2026-01-31 04355223 core:Goodwill 2025-02-01 2026-01-31 04355223 core:AssetsHeldForUseUnderLeasesLessor 2025-02-01 2026-01-31 04355223 bus:RegisteredOffice 2025-02-01 2026-01-31 04355223 bus:FullAccounts 2025-02-01 2026-01-31 04355223 curr:PoundSterling 2025-02-01 2026-01-31 04355223 core:Non-currentFinancialInstruments 2025-01-31 04355223 core:AssetsHeldForUseUnderLeasesLessor core:MotorVehicles 2025-02-01 2026-01-31 04355223 core:OtherPropertyPlantEquipment 2026-01-31 04355223 core:PlantMachinery 2025-01-31 04355223 2025-02-01 04355223 core:CurrentFinancialInstruments 2025-01-31 04355223 bus:OrdinaryShareClass1 2025-02-01 2026-01-31 04355223 core:Non-currentFinancialInstruments 2026-01-31 04355223 core:OtherPropertyPlantEquipment 2025-01-31 04355223 core:PlantMachinery 2026-01-31 04355223 bus:FRS102 2025-02-01 2026-01-31 04355223 core:OwnedOrFreeholdAssets core:PlantMachinery 2025-02-01 2026-01-31 04355223 core:MotorVehicles 2025-02-01 2026-01-31 04355223 core:Goodwill 2026-01-31 04355223 2025-01-31 04355223 bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 04355223 2026-01-31 04355223 2024-02-01 2025-01-31 04355223 2025-02-01 2026-01-31 xbrli:pure xbrli:pure iso4217:GBP iso4217:GBP

Registered number: 04355223

DixonBaxi Limited

Unaudited

Financial Statements

Information For Filing With The Registrar

For The Year Ended 31 January 2026

DixonBaxi Limited

Contents

Company Information
1
Director's Report
2
Balance Sheet
3
Notes To The Financial Statements
5

DixonBaxi Limited

Company Information

​Directors

Simon Dixon
Aporva Baxi

Registered number

04355223 (England and Wales)

Registered office

Unit 5
30 Wharf Road

London

N1 7GR

Accountants

Nyman Libson Paul
Chartered Accountants
124 Finchley Road


London

NW3 5JS

1

DixonBaxi Limited

Director's Report

For The Year Ended 31 January 2026

Directors' responsibilities statement

The directors are responsible for preparing the Strategic Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the directors are required to:

  • select suitable accounting policies for the Company's financial statements and then apply them consistently;
  • make judgements and accounting estimates that are reasonable and prudent;
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
     

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable her to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the board and signed on its behalf:

Aporva Baxi  
Director  

Date: 20 October 2026 

2

 

DixonBaxi Limited

Registered number: 04355223​

 

Balance Sheet​

As At 31 January 2026

Note
2026
£
2025
£
Fixed assets
)
)
Tangible fixed assets
 5
157,543
)
81,693
)
 
 
)
 
)
 
157,543
)
81,693
)
Current assets
)
)
Stocks
 6
63,433
)
-
)
Debtors: amounts falling due within one year
 7
1,395,361
)
2,089,704
)
Cash at bank and in hand
1,303,300
)
718,668
)
 
2,762,094
)
2,808,372
)
 
 
)
 
)
Creditors: amounts falling due within one year
 8
(1,822,792)
(1,421,301)
 
 
)
 
)
Net current assets
939,302
)
1,387,071
)
 
 
)
 
)
Total assets less current liabilities
1,096,845
)
1,468,764
)
 
 
)
 
)
Creditors: amounts falling due after more than one year
 9
(67,495)
(1,271)
 
1,029,350
)
1,467,493
)
 
 
)
 
)
Provisions for liabilities
)
)
Deferred taxation
(15,089)
(15,089)
 
 
)
 
)
 
(15,089)
(15,089)
Net assets
1,014,261
)
1,452,404
)
 
 
)
 
)
Capital and reserves
)
)
Called up share capital
 10
2
)
2
)
Profit and loss account
1,014,259
)
1,452,402
)
 
 
)
 
)
Total capital and reserves
1,014,261
)
1,452,404
)

3

 

DixonBaxi Limited

Registered number: 04355223​

 

Balance Sheet​

As At 31 January 2026

For the year​ ending 31 January 2026, the Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the Company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge her​ responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements
The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Statement of Income and Retained Earnings in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf:

Aporva Baxi​​​​​ Simon Dixon​​
Director Director​​​

Date: 20 October 2026 

4

DixonBaxi Limited

 

 

Notes To The Financial Statements

For The Year Ended 31 January 2026

1

General information

DixonBaxi Limited is a private company limited by shares and is incorporated in England and Wales . The address of its registered office is Unit 5, 30 Wharf Road, London, N1 7GR.

2

Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been applied consistently to all periods presented, unless otherwise stated.

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historic cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of ​Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in note #.

The Company's functional and presentational currency is the Pound Sterling.
2.2

Foreign currency translation

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.At each period end, foreign currency monetary items are translated using the closing rate, non-monetary items measured on a historical cost basis are translated using the exchange rate at the date of the transaction, and non-monetary items measured at fair value in a foreign currency are translated using the rate at the date when the fair value was determined.
2.3

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

  • the Company​​​ ​has transferred the significant risks and rewards of ownership to the buyer;
  • the Company​​​ retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
  • the amount of revenue can be measured reliably;
  • it is probable that the Company​​​ will receive the consideration due under the transaction; and
  • the costs incurred or to be incurred in respect of the transaction can be measured reliably.

DixonBaxi Limited

 

 

Notes To The Financial Statements

For The Year Ended 31 January 2026

2

Accounting policies

continued
2.3

Turnover

continued
Revenue from a contract to provide services is recognised in the period in which services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:the amount of revenue can be measured reliably;it is probable that the Company​​​ will receive the consideration due under the transaction;the stage of completion of the contract at the end of the reporting period can be measured reliably; andthe costs incurred or to be incurred in respect of the transaction can be measured reliably.
2.4

Leases

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership to the lessee. If the lease does not transfer substantially all the risks and rewards incidental to ownership, it is classified as an operating lease. Lease classification is dependent on the substance of the transaction rather than the form of the contract. Classification is made at the inception of the lease and is not changed during the term of the lease unless both the lessee and lessor agree to change the provisions of the lease, at which point the classification is re-evaluated.

Finance leases

At the commencement of the lease term, the Company recognises its rights of use and obligations as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments calculated using the interest rate implicit in the lease, determined at the inception of the lease. If the implicit rate cannot be determined, the Company's incremental borrowing rate is used. Any incremental costs directly attributable to negotiating and arranging the lease are included in the cost of the asset.Lease payments are apportioned between capital repayment and finance charge, using the effective interest method, to produce a constant rate of charge on the balance of the capital repayments outstanding.Assets leased under finance leases are depreciated fully over the shorter of the lease term and their useful lives. At each balance sheet date, assets leased under finance leases are assessed for impairment.
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item recognised in other comprehensive income or directly in equity. In this case, the tax is recognised in other comprehensive income or directly in equity respectively.The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company ​operates​​ and generates​​ income.

As an exception to the requirements, an entity shall not take into account the effects of Pillar Two legislation when measuring deferred tax assets and deferred tax liabilities.

DixonBaxi Limited

 

 

Notes To The Financial Statements

For The Year Ended 31 January 2026

2

Accounting policies

continued
2.6

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the group​​'s share of its identifiable assets and liabilities of the acquiree at the date of acquisition.
2.7

Tangible fixed assets​​

Tangible fixed assets are initially recognised at cost. Cost includes the purchase price and any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Subsequently, tangible fixed assets are measured using the cost model . Under the cost model, tangible assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

All tangible fixed assets are considered to have a finite useful life.

Depreciation is calculated to allocate the depreciable amount of tangible fixed assets to their residual values over their estimated useful lives on the following bases​:

If factors such as a change in how an asset is used, technological advancement, or changes in market prices indicate that the residual value or useful life of an asset has changed since the most recent balance sheet date, the Company reviews its previous estimates and, if current expectations differ, amends the residual value, amortisation method or useful life, accounting for this as a change in an accounting estimate.

Tangible fixed assets are derecognised on disposal, with the difference between the net disposal proceeds and the carrying amount recognised in profit or loss.

2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out (FIFO)​​ basis. Finished goods​ include labour costs and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If an item of 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 profit or loss.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits with financial institutions repayable without penalty on notice of not more than 24 hours, other highly liquid investments that mature in no more than three months from the date of acquisition and bank overdrafts. Bank overdrafts, where applicable, are shown within 'Creditors: amounts due within one year'.

DixonBaxi Limited

 

 

Notes To The Financial Statements

For The Year Ended 31 January 2026

2

Accounting policies

continued
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are remeasured subsequently at amortised cost using the effective interest method.

2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when a shareholders' written resolution is passed.
2.13

Share capital

Equity shares issued are recognised at the proceeds received. Incremental costs directly attributable to the issue of new equity shares or options are shown in equity as a deduction, net of tax, from the proceeds.

3

Employees

The average number of employees during the year was 57 (2025 - 48).

4

Intangible assets

Goodwill
£
Total
£
Cost
)
)
At 1 February 2025
30,000
)
30,000
)
Amortisation and impairment
)
)
At 1 February 2025
(30,000)
(30,000)

DixonBaxi Limited

 

 

Notes To The Financial Statements

For The Year Ended 31 January 2026

5

Tangible fixed assets​

Plant and machinery
£
Motor vehicles
£
Other fixed assets
£
Total
£
Cost
)
)
)
)
At 1 February 2025
687,869
)
-
)
41,923
)
729,792
)
Additions
35,908
)
69,553
)
46,309
)
151,770
)
Disposals
(503,356)
-
)
-
)
(503,356)
At 31 January 2026
220,421
)
69,553
)
88,232
)
378,206
)
Depreciation and impairment
)
)
)
)
At 1 February 2025
(617,532)
-
)
(30,567)
(648,099)
Charge for the year on owned assets
(48,853)
-
)
(22,720)
(71,573)
Charge for the year on leased assets
-
)
(4,347)
-
)
(4,347)
Disposals
503,356
)
-
)
-
)
503,356
)
At 31 January 2026
(163,029)
(4,347)
(53,287)
(220,663)
Net book value
)
)
)
)
At 31 January 2026
57,392
)
65,206
)
34,945
)
157,543
)
At 31 January 2025
70,337
)
-
)
11,356
)
81,693
)

The net book value of assets held under finance leases is as follows:

6

Stocks

2026
£
2025
£
Book Stock
63,433
)
-
)
7

Debtors​​​

2026
£
2025
£
Due within one year
)
)
Trade debtors
536,760
)
994,106
)
Amounts owed by group undertakings
602,175
)
911,545
)
Other debtors
96,896
)
80,998
)
Prepayments and accrued income
159,530
)
103,055
)
 
1,395,361
)
2,089,704
)

DixonBaxi Limited

 

 

Notes To The Financial Statements

For The Year Ended 31 January 2026

8

Creditors: amounts falling due within one year

2026
£
2025
£
Trade creditors
178,554
)
141,203
)
Corporation tax
480,797
)
104,516
)
Other taxation and social security
198,272
)
95,189
)
Finance Lease
29,958
)
11,377
)
Other creditors
41,862
)
21,031
)
Accruals and deferred income
893,349
)
1,047,985
)
 
1,822,792
)
1,421,301
)
9

Creditors​: amounts falling due after more than one year

2026
£
2025
£
Finance leases
67,495
)
1,271
)
10

Share capital

2026
£
2025
£
)
)
Ordinary
£1
2
)
2
)

2 Ordinary £1 shares were issued at par on incorporation 

11

Related party transactions

During the year the company made advances to its directors, S Dixon and A Baxi, who are also shareholders of the company.
 

At the balance sheet date, amounts due from the directors were:

  • S Dixon: £58,178 (2025: £41,707)
  • A Baxi : £2,843 (2025: £13,640)
     

The balances are unsecured, interest free and repayable on demand.
 

In accordance with CTA 2010 s455, a corporation tax liability of £15,686 has arisen in respect of the outstanding participator loans at the balance sheet date. This amount is recoverable by the company once the loans are repaid or otherwise released in accordance with the relevant tax legislation.