| DXN INTERNATIONAL (UK) LIMITED |
| Registered number: |
04454617 |
| Balance Sheet |
| as at 28 February 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
343,330 |
|
|
- |
| Non Current Assets |
| Security Deposits |
|
|
|
19,000 |
|
|
|
|
362,330 |
|
|
- |
|
| Current assets |
| Cash at bank and in hand |
|
|
86,397 |
|
|
1,750 |
|
| Creditors: amounts falling due within one year |
5 |
|
(8,385) |
|
|
(6,451) |
|
| Net current assets/(liabilities) |
|
|
|
78,012 |
|
|
(4,701) |
|
| Total assets less current liabilities |
|
|
|
440,342 |
|
|
(4,701) |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(326,885) |
|
|
(40,332) |
|
| Provisions for liabilities |
7 |
|
|
(7,625) |
|
|
- |
|
|
| Net assets/(liabilities) |
|
|
|
105,832 |
|
|
(45,033) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
200,000 |
|
|
1,000 |
| Profit and loss account |
|
|
|
(94,168) |
|
|
(46,033) |
|
| Shareholders' funds |
|
|
|
105,832 |
|
|
(45,033) |
|
|
|
|
|
|
|
|
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
| NELLIYOTE KAKKUNNATH, Jijith |
| Director |
| Approved by the board on 19 November 2025 |
|
| DXN INTERNATIONAL (UK) LIMITED |
| Notes to the Accounts |
| for the year ended 28 February 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Going Concern |
|
|
The Company's financial statements are prepared on a going concern basis, which contemplates the realisation of assets and the satisfaction of obligations in the normal course of business.
The parent company confirms that it continue providing financial support to enable the company to continue its trade and meet liabilities for at least the next 12 months from the date of signing the financial statements. |
|
Right Of Use Asset |
|
The Company recognised a right-of-use asset and a corresponding lease liability at the
commencement date of the lease, 9 October 2024.
The right-of-use asset is initially measured at cost, which comprises:
-the present value of the lease payments that are not paid at that date. The lease payments are discounted using the lessee’s obtainable borrowing rate, which is estimated at 7% per annum, and this amount also constitutes the initial measurement of the lease liability;
-Any initial direct costs incurred; and
-An estimate of costs to dismantle or restore the underlying asset.
Subsequently, right-of-use assets are measured at cost less accumulated depreciation and any accumulated impairment losses.
Depreciation on right-of-use assets is calculated on a straight-line basis over the lease term of 10years. |
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. |
|
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
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 profit or loss. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised 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. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Audit information |
|
|
The audit report is unqualified. |
|
|
Senior statutory auditor: |
Krishna Prasad Dahal, FCCA |
|
Firm: |
Rel Integral Accounting and Auditing Ltd |
|
Date of audit report: |
19 November 2025 |
|
|
| 3 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
5 |
|
3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
Additions |
358,257 |
|
At 28 February 2025 |
358,257 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the year |
14,927 |
|
At 28 February 2025 |
14,927 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2025 |
343,330 |
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Taxation and social security costs |
(19,515) |
|
- |
|
Other creditors |
27,900 |
|
6,451 |
|
|
|
|
|
|
8,385 |
|
6,451 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Obligations under finance lease and hire purchase contracts |
262,287 |
|
- |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
64,598 |
|
40,332 |
|
|
|
|
|
|
326,885 |
|
40,332 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Provision for Liabilities |
2025 |
|
2024 |
| £ |
£ |
|
|
Provision |
|
7,625 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
| 8 |
Events after the reporting date |
|
|
After the reporting period, the Company commenced its operational activities in June 2025. |
|
|
|
|
| 9 |
Controlling party |
|
|
The Holding Company is DXN Holdings Bhd, a Company registered in Malaysia and its registered
office is 170-09-01 Livingston Tower, Jalan Argyll, 10050 George Town, Pulau Pinang, Malaysia.
The amount owing to the holding company as at 28/02/2025 was £64,598 |
|
|
| 10 |
Other information |
|
|
DXN INTERNATIONAL (UK) LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 1 |
|
Champness Close |
|
London |
|
England |
|
E17 6ZA |