D X Investments Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10520352 (England and Wales)

Financial Statements for the Year Ended 31 March 2023

for

D X INVESTMENTS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

D M Shaw

REGISTERED OFFICE:

1 William Mews

De Beauvoir Road

North London

N1 5AU

REGISTERED NUMBER:

10520352 (England and Wales)

ACCOUNTANTS:

BDA Associates Limited

Chartered Accountants

Global House

1 Ashley Avenue

Epsom

Surrey

KT18 5AD

FIXED ASSETS

Tangible assets

4

3,104

4,038

Investments

5

64,757

38,624

67,861

42,662

CURRENT ASSETS

Debtors

6

41,215

20,019

Cash at bank

10,996

147,693

52,211

167,712

CREDITORS

Amounts falling due within one year

7

79,282

63,534

NET CURRENT (LIABILITIES)/ASSETS

(27,071

)

104,178

TOTAL ASSETS LESS CURRENT LIABILITIES

40,790

146,840

CAPITAL AND RESERVES

Called up share capital

8

100

100

Revaluation reserve

9

(39,129

)

-

Retained earnings

79,819

146,740

SHAREHOLDERS' FUNDS

40,790

146,840

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 21 December 2023 and were signed by:

D M Shaw - Director

1.	STATUTORY INFORMATION

D X Investments Ltd 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 as modified by the revaluation of certain assets.

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.

Fixtures and fittings

-

25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2022

and 31 March 2023

8,003

DEPRECIATION

At 1 April 2022

3,965

Charge for year

934

At 31 March 2023

4,899

NET BOOK VALUE

At 31 March 2023

3,104

At 31 March 2022

4,038

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2022

38,624

Additions

216,953

Disposals

(149,542

)

Share of profit/(loss)

(2,149

)

Revaluations

(39,129

)

At 31 March 2023

64,757

NET BOOK VALUE

At 31 March 2023

64,757

At 31 March 2022

38,624

Cost or valuation at 31 March 2023 is represented by:

Other

investments

£

Valuation in 2022

(6,896

)

Valuation in 2023

71,653

64,757

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Other debtors

41,215

20,019

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans and overdrafts

13,000

17,000

Taxation and social security

63,084

42,016

Other creditors

3,198

4,518

79,282

63,534

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Revaluation

reserve

£

Revaluation

(39,129

)

At 31 March 2023

(39,129

)