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REGISTERED NUMBER: 13557379 (England and Wales)















Judd Brothers Limited

Unaudited Financial Statements

for the Year Ended 31 August 2023






Judd Brothers Limited (Registered number: 13557379)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Judd Brothers Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: J D Judd
N P Judd





REGISTERED OFFICE: Park Road Garage
Park Road
Abergavenny
Monmouthshire
NP7 5TU





REGISTERED NUMBER: 13557379 (England and Wales)





ACCOUNTANTS: Griffiths Green Arnold
Accountants & Business Advisors
11 New Street
Pontnewydd
Cwmbran
NP44 1EE

Judd Brothers Limited (Registered number: 13557379)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,417 110,925

CURRENT ASSETS
Stocks 329,278 266,468
Debtors 5 52,997 69,389
Cash at bank 189,071 1,380
571,346 337,237
CREDITORS
Amounts falling due within one year 6 526,052 370,593
NET CURRENT ASSETS/(LIABILITIES) 45,294 (33,356 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,711

77,569

CREDITORS
Amounts falling due after more than one year 7 10,097 80,754
NET ASSETS/(LIABILITIES) 107,614 (3,185 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 107,514 (3,285 )
107,614 (3,185 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

Judd Brothers Limited (Registered number: 13557379)

Balance Sheet - continued
31 August 2023


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 28 February 2024 and were signed on its behalf by:




N P Judd - Director



J D Judd - Director


Judd Brothers Limited (Registered number: 13557379)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Judd Brothers 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance

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

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

Judd Brothers Limited (Registered number: 13557379)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2022 17,310 20,065 82,544 119,919
Disposals - - (27,814 ) (27,814 )
At 31 August 2023 17,310 20,065 54,730 92,105
DEPRECIATION
At 1 September 2022 1,298 1,505 6,191 8,994
Charge for year 2,402 2,784 7,594 12,780
Eliminated on disposal - - (2,086 ) (2,086 )
At 31 August 2023 3,700 4,289 11,699 19,688
NET BOOK VALUE
At 31 August 2023 13,610 15,776 43,031 72,417
At 31 August 2022 16,012 18,560 76,353 110,925

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 40,022 57,684
Other debtors 12,975 11,705
52,997 69,389

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts 12,944 25,117
Trade creditors 200,185 88,869
Amounts owed to group undertakings 69,573 -
Taxation and social security 56,854 9,467
Other creditors 186,496 247,140
526,052 370,593

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts 10,097 48,696
Other creditors - 32,058
10,097 80,754