REGISTERED NUMBER: 02926655 (England and Wales)

Dixon Timber Products Limited

Unaudited Financial Statements For The Year Ended 31 May 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J A Dixon

K Atkinson

SECRETARY:

C G Atkinson

REGISTERED OFFICE:

Kingswood Allotts

Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

REGISTERED NUMBER:

02926655 (England and Wales)

ACCOUNTANTS:

Kingswood Allotts Limited

Chartered Accountants

Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

FIXED ASSETS

Tangible assets

4

47,978

69,832

CURRENT ASSETS

Stocks

5

133,018

99,447

Debtors

6

548,435

701,406

Cash at bank and in hand

5,914

22,875

687,367

823,728

CREDITORS

Amounts falling due within one year

7

452,915

531,908

NET CURRENT ASSETS

234,452

291,820

TOTAL ASSETS LESS CURRENT LIABILITIES

282,430

361,652

PROVISIONS FOR LIABILITIES

-

13,775

NET ASSETS

282,430

347,877

CAPITAL AND RESERVES

Called up share capital

9

65,000

65,000

Retained earnings

217,430

282,877

SHAREHOLDERS' FUNDS

282,430

347,877

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 3 November 2025 and were signed on its behalf by:

J A Dixon - Director

1.	STATUTORY INFORMATION

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

The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Rendering of services

When the outcome of a transaction can estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the work performed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Contracts

When the outcome of a contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to costs incurred for work performed to date.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of the costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expenses immediately, with a corresponding provision.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Relocation costs

-

20% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Tangible assets are initially measured at cost. After initial recognition, tangible assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Relocation costs have been fully depreciated.

Stocks

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

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Financial instruments

Debtors and creditors are measured at the amounts expected to be received/paid less any charges relating to future periods, and less any provision for impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2024 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Relocation

Plant and

and

Motor

costs

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 June 2024

25,969

258,197

30,208

113,562

427,936

Additions

-

4,750

2,193

-

6,943

Disposals

-

-

-

(65,743

)

(65,743

)

At 31 May 2025

25,969

262,947

32,401

47,819

369,136

DEPRECIATION

At 1 June 2024

25,969

199,929

25,859

106,347

358,104

Charge for year

-

17,877

3,705

7,215

28,797

Eliminated on disposal

-

-

-

(65,743

)

(65,743

)

At 31 May 2025

25,969

217,806

29,564

47,819

321,158

NET BOOK VALUE

At 31 May 2025

-

45,141

2,837

-

47,978

At 31 May 2024

-

58,268

4,349

7,215

69,832

5.

STOCKS

2025

2024

£

£

Raw materials

133,018

99,447

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

347,459

513,213

Amounts recoverable on contracts

72,118

112,638

Tax

1,726

-

Other debtors

127,132

75,555

548,435

701,406

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

124,912

110,001

Taxation

-

1,726

Social security and other taxes

24,700

21,945

Other creditors

29,114

33,723

Invoice discounting finance

196,382

316,706

Directors' current accounts

77,807

47,807

452,915

531,908

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Invoice discounting finance

196,382

316,706

The hire purchase contracts are secured by the assets to which the contracts relate.

The invoice discounting finance creditor is secured on the assets to which the facility relates and also a personal guarantee and indemnity provided by the director limited to £20,000.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

65,000

Ordinary

£1

65,000

65,000

10.	OTHER FINANCIAL COMMITMENTS

At the year end, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £142,378 (2024 - £219,942).