Company Registration No. 7745488 (England and Wales)
J DIXON & SON CONTRACTOR LIMITED
Unaudited accounts
for the year ended 31 August 2022
J DIXON & SON CONTRACTOR LIMITED
Unaudited accounts
Contents
J DIXON & SON CONTRACTOR LIMITED
Company Information
for the year ended 31 August 2022
Company Number
7745488 (England and Wales)
Registered Office
Chapel House
Silver Street
Fleggburgh
Norfolk
NR29 3DB
Accountants
A C Baldwin
Maylands 13 Cross Road
Gorleston
Great Yarmouth
Norfolk
NR31 6LQ
J DIXON & SON CONTRACTOR LIMITED
Accountants' report
Accountants' report to the director of J DIXON & SON CONTRACTOR LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 August 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
J DIXON & SON CONTRACTOR LIMITED for the year ended
31 August 2022 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of J DIXON & SON CONTRACTOR LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of J DIXON & SON CONTRACTOR LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J DIXON & SON CONTRACTOR LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that J DIXON & SON CONTRACTOR LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of J DIXON & SON CONTRACTOR LIMITED. You consider that J DIXON & SON CONTRACTOR LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of J DIXON & SON CONTRACTOR LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
A C Baldwin
Maylands 13 Cross Road
Gorleston
Great Yarmouth
Norfolk
NR31 6LQ
31 August 2023
J DIXON & SON CONTRACTOR LIMITED
Statement of financial position
as at 31 August 2022
Tangible assets
95,426
26,345
Cash at bank and in hand
293,037
322,332
Creditors: amounts falling due within one year
(128,748)
(201,001)
Net current assets
223,040
296,861
Net assets
318,466
323,206
Called up share capital
201
201
Profit and loss account
318,265
323,005
Shareholders' funds
318,466
323,206
For the year ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 August 2023 and were signed on its behalf by
E Dixon
Director
Company Registration No. 7745488
J DIXON & SON CONTRACTOR LIMITED
Notes to the Accounts
for the year ended 31 August 2022
J DIXON & SON CONTRACTOR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 7745488. The registered office is Chapel House, Silver Street, Fleggburgh, Norfolk, NR29 3DB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Inventories and work inprogress have been valued at the lower of cost and net realisable value.
J DIXON & SON CONTRACTOR LIMITED
Notes to the Accounts
for the year ended 31 August 2022
4
Intangible fixed assets
Goodwill
At 1 September 2021
35,000
At 1 September 2021
35,000
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2021
3,000
43,595
24,849
71,444
Additions
-
132,650
-
132,650
Disposals
-
(72,800)
-
(72,800)
At 31 August 2022
3,000
103,445
24,849
131,294
At 1 September 2021
-
32,783
12,316
45,099
Charge for the year
-
2,543
1,047
3,590
On disposals
-
(12,821)
-
(12,821)
At 31 August 2022
-
22,505
13,363
35,868
At 31 August 2022
3,000
80,940
11,486
95,426
At 31 August 2021
3,000
10,812
12,533
26,345
Amounts falling due within one year
Trade debtors
25,155
44,739
Other debtors
13,070
108,309
J DIXON & SON CONTRACTOR LIMITED
Notes to the Accounts
for the year ended 31 August 2022
7
Creditors: amounts falling due within one year
2022
2021
Obligations under finance leases and hire purchase contracts
26,400
-
Trade creditors
29,769
8,296
Taxes and social security
15,818
76,156
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
1 Ordinary shares A of £1 each
1
1
100 Ordinary shares B of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 3 (2021: 3).