| C.W. Dixey & Son Limited |
| Notes to the Accounts |
| for the year ended 28 February 2023 |
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| 1 |
Accounting policies |
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Basis of preparation |
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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). |
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Creditors |
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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. |
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Taxation |
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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. |
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| 2 |
Employees |
2023 |
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2022 |
| Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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| 3 |
Intangible fixed assets |
£ |
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Goodwill: |
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Cost |
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At 1 March 2022 |
28,850 |
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At 28 February 2023 |
28,850 |
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Amortisation |
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At 1 March 2022 |
28,849 |
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At 28 February 2023 |
28,849 |
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Net book value |
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At 28 February 2023 |
1 |
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At 28 February 2022 |
1 |
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Goodwill was written off in equal annual instalments over its estimated economic life of 5 years. |
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| 4 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
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Cost |
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At 1 March 2022 |
1,998 |
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At 28 February 2023 |
1,998 |
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The company’s investment of £1,998 (2022: £1,998) represents the cost of acquiring 100% of the ordinary share capital of Dixey Ltd which is registered in England and Wales and is dormant. At 28 February 2023, the aggregate amount of the share capital and reserves of Dixey Ltd amounted to £100 (2022: £100) and the profit for the year to that date was £nil (2022: £nil). |
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| 5 |
Debtors |
2023 |
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2022 |
| £ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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29,585 |
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29,488 |
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| 6 |
Creditors: amounts falling due within one year |
2023 |
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2022 |
| £ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
100 |
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100 |
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| 7 |
Controlling party |
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The ultimate parent company is Charles Dixey Ltd, a company registered in England and Wales. |
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| 8 |
Other information |
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C.W. Dixey & Son Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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21 The Barton |
|
Cobham |
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Surrey |
|
KT11 2NJ |
