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REGISTERED NUMBER: 08793770 (England and Wales)











JUDGE SAMPSON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






JUDGE SAMPSON LIMITED (REGISTERED NUMBER: 08793770)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


JUDGE SAMPSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: T W Wolford
G M Wolford





REGISTERED OFFICE: 176 Bexhill Road
St. Leonards-On-Sea
East Sussex
TN38 8BN





REGISTERED NUMBER: 08793770 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

JUDGE SAMPSON LIMITED (REGISTERED NUMBER: 08793770)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 237,822 151,828

CURRENT ASSETS
Stocks 219,536 222,052
Debtors 5 213,014 308,353
Cash at bank and in hand 253,093 259,002
685,643 789,407
CREDITORS
Amounts falling due within one year 6 234,497 402,946
NET CURRENT ASSETS 451,146 386,461
TOTAL ASSETS LESS CURRENT
LIABILITIES

688,968

538,289

CREDITORS
Amounts falling due after more than one
year

7

(219,584

)

(177,104

)

PROVISIONS FOR LIABILITIES (58,404 ) (36,826 )
NET ASSETS 410,980 324,359

CAPITAL AND RESERVES
Called up share capital 145,000 145,000
Retained earnings 265,980 179,359
SHAREHOLDERS' FUNDS 410,980 324,359

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

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

JUDGE SAMPSON LIMITED (REGISTERED NUMBER: 08793770)

BALANCE SHEET - continued
31ST DECEMBER 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 22nd August 2024 and were signed on its behalf by:





G M Wolford - Director


JUDGE SAMPSON LIMITED (REGISTERED NUMBER: 08793770)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Judge Sampson 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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% to 20% per annum on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

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.

JUDGE SAMPSON LIMITED (REGISTERED NUMBER: 08793770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 26 (2022 - 22 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2023 356,366 25,011 2,925 54,817 439,119
Additions 16,082 6,326 107,961 2,042 132,411
At 31st December 2023 372,448 31,337 110,886 56,859 571,530
DEPRECIATION
At 1st January 2023 238,845 15,911 2,925 29,610 287,291
Charge for year 32,130 3,045 3,449 7,793 46,417
At 31st December 2023 270,975 18,956 6,374 37,403 333,708
NET BOOK VALUE
At 31st December 2023 101,473 12,381 104,512 19,456 237,822
At 31st December 2022 117,521 9,100 - 25,207 151,828

JUDGE SAMPSON LIMITED (REGISTERED NUMBER: 08793770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st January 2023 34,091 - 34,091
Additions - 107,961 107,961
Transfer to ownership (34,091 ) - (34,091 )
At 31st December 2023 - 107,961 107,961
DEPRECIATION
At 1st January 2023 25,568 - 25,568
Charge for year 6,818 3,449 10,267
Transfer to ownership (32,386 ) - (32,386 )
At 31st December 2023 - 3,449 3,449
NET BOOK VALUE
At 31st December 2023 - 104,512 104,512
At 31st December 2022 8,523 - 8,523

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 175,615 249,466
Other debtors 37,399 58,887
213,014 308,353

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 208,567
Hire purchase contracts (see note 8) 10,920 6,936
Trade creditors 92,019 86,902
Taxation and social security 76,711 70,244
Other creditors 44,847 30,297
234,497 402,946

JUDGE SAMPSON LIMITED (REGISTERED NUMBER: 08793770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,104 30,104
Hire purchase contracts (see note 8) 76,480 -
Other creditors 123,000 147,000
219,584 177,104

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 10,920 6,936
Between one and five years 76,480 -
87,400 6,936

Non-cancellable operating leases
2023 2022
£    £   
Within one year 60,500 33,000
Between one and five years 115,958 -
176,458 33,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft - 198,567
Hire purchase contracts 87,400 6,936
87,400 205,503

The bank overdraft is secured by a debenture over the assets of the company. This is also guaranteed by the directors, T Wolford and G Wolford.

The hire purchase liability is secured on the assets to which it relates.