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Registered number: 12157706
Judge.me Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12157706
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,733,526 5,010,688
Tangible Assets 5 51,654 56,133
Investments 6 32,793 32,793
4,817,973 5,099,614
CURRENT ASSETS
Debtors 7 190,894 259,697
Cash at bank and in hand 999,550 545,611
1,190,444 805,308
Creditors: Amounts Falling Due Within One Year 8 (165,993 ) (136,715 )
NET CURRENT ASSETS (LIABILITIES) 1,024,451 668,593
TOTAL ASSETS LESS CURRENT LIABILITIES 5,842,424 5,768,207
NET ASSETS 5,842,424 5,768,207
CAPITAL AND RESERVES
Called up share capital 9 1 1
Share premium account 5,543,237 5,543,237
Profit and Loss Account 299,186 224,969
SHAREHOLDERS' FUNDS 5,842,424 5,768,207
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Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
PETER-JAN CELIS
Director
30 July 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Judge.me Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12157706 . The registered office is C/O Buckworths , 2nd Floor, 1-3 Worship Street, London, EC2A 2AB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Domain Names.
2.5. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are trade names, logo, icon and domain names.
2.6. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on cost Staright Line
Computer Equipment 33% on cost Straight Line
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2022: 19)
17 19
4. Intangible Assets
Goodwill Other Intellectual Property Total
£ £ £ £
Cost
As at 1 January 2023 2,771,619 21,775 2,771,618 5,565,012
As at 31 December 2023 2,771,619 21,775 2,771,618 5,565,012
Amortisation
As at 1 January 2023 554,324 - - 554,324
Impairment losses 277,162 - - 277,162
As at 31 December 2023 831,486 - - 831,486
Net Book Value
As at 31 December 2023 1,940,133 21,775 2,771,618 4,733,526
As at 1 January 2023 2,217,295 21,775 2,771,618 5,010,688
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 2,361 113,079 115,440
Additions 2,902 26,656 29,558
Disposals - (8,799 ) (8,799 )
As at 31 December 2023 5,263 130,936 136,199
Depreciation
As at 1 January 2023 1,229 58,078 59,307
Provided during the period 1,199 30,686 31,885
Disposals - (6,647 ) (6,647 )
As at 31 December 2023 2,428 82,117 84,545
Net Book Value
As at 31 December 2023 2,835 48,819 51,654
As at 1 January 2023 1,132 55,001 56,133
6. Investments
Other
£
Cost
As at 1 January 2023 32,793
As at 31 December 2023 32,793
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 32,793
As at 1 January 2023 32,793
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 9
Prepayments and accrued income 68,671 157,271
Other debtors 42,403 17,146
Corporation tax recoverable assets 38,419 52,696
VAT 41,401 32,575
190,894 259,697
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8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 112,504 101,715
Other creditors 2,284 2,000
Accruals and deferred income 13,705 -
Director's loan account 37,500 33,000
165,993 136,715
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
Included within Creditors is directors loan of:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr PETER-JAN CELIS (33,000 ) - (4,500 ) - (37,500 )
The above loan is unsecured, interest free and repayable on demand.
11. Related Party Transactions
Payments to Judge.me Vietnam LLC of £742,092.81 for development services.
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