DXN Commercials Limited - Accounts to registrar (filleted) - small 22.3

DXN Commercials Limited - Accounts to registrar (filleted) - small 22.3


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REGISTERED NUMBER: 11323382 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30th April 2022

for

DXN Commercials Limited

DXN Commercials Limited (Registered number: 11323382)






Contents of the Financial Statements
for the year ended 30th April 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DXN Commercials Limited

Company Information
for the year ended 30th April 2022







DIRECTORS: Mr A Dixon
Mr A Dixon





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 11323382 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

DXN Commercials Limited (Registered number: 11323382)

Balance Sheet
30th April 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,519 8,692

CURRENT ASSETS
Stocks 33,250 3,150
Debtors 5 9,171 11,467
Cash at bank 8,789 2,432
51,210 17,049
CREDITORS
Amounts falling due within one year 6 20,411 15,794
NET CURRENT ASSETS 30,799 1,255
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,318

9,947

CREDITORS
Amounts falling due after more than one
year

7

(4,271

)

(5,758

)

PROVISIONS FOR LIABILITIES (629 ) (908 )
NET ASSETS 32,418 3,281

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32,318 3,181
SHAREHOLDERS' FUNDS 32,418 3,281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2022 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.

DXN Commercials Limited (Registered number: 11323382)

Balance Sheet - continued
30th April 2022


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 28th February 2023 and were signed on its behalf by:





Mr A Dixon - Director


DXN Commercials Limited (Registered number: 11323382)

Notes to the Financial Statements
for the year ended 30th April 2022

1. STATUTORY INFORMATION

DXN Commercials 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 the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

DXN Commercials Limited (Registered number: 11323382)

Notes to the Financial Statements - continued
for the year ended 30th April 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2021
and 30th April 2022 14,149
DEPRECIATION
At 1st May 2021 5,457
Charge for year 2,173
At 30th April 2022 7,630
NET BOOK VALUE
At 30th April 2022 6,519
At 30th April 2021 8,692

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 9,171 11,467

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 1,492 1,242
Trade creditors 5,219 5,263
Taxation and social security 6,272 5,632
Other creditors 7,428 3,657
20,411 15,794

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 4,271 5,758

No security has been provided in respect of the bank loan.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A Dixon.