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REGISTERED NUMBER: 04643314 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st January 2024

for

Judge Textile Cutting Company Ltd

Judge Textile Cutting Company Ltd (Registered number: 04643314)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Judge Textile Cutting Company Ltd

Company Information
for the Year Ended 31st January 2024







DIRECTORS: Mr J Judge
Mrs D Judge





SECRETARY: Mr J Judge





REGISTERED OFFICE: 209 Nottingham Road
Somercotes
Derbyshire
DE55 4JG





REGISTERED NUMBER: 04643314 (England and Wales)





ACCOUNTANTS: Noy & Partners Accountants Limited
17 Farrington Way
Eastwood
Nottingham
Nottinghamshire
NG16 3BF

Judge Textile Cutting Company Ltd (Registered number: 04643314)

Balance Sheet
31st January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 22,162 6,888
22,162 6,888

CURRENT ASSETS
Stocks 6,000 4,750
Debtors 6 5,846 24,820
Cash at bank 1,577 -
13,423 29,570
CREDITORS
Amounts falling due within one year 7 32,272 20,296
NET CURRENT (LIABILITIES)/ASSETS (18,849 ) 9,274
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,313

16,162

CREDITORS
Amounts falling due after more than one
year

8

(10,129

)

(14,292

)

PROVISIONS FOR LIABILITIES 9 (4,211 ) (1,309 )
NET (LIABILITIES)/ASSETS (11,027 ) 561

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (11,127 ) 461
SHAREHOLDERS' FUNDS (11,027 ) 561

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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 Textile Cutting Company Ltd (Registered number: 04643314)

Balance Sheet - continued
31st January 2024


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:





Mrs D Judge - Director


Judge Textile Cutting Company Ltd (Registered number: 04643314)

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. STATUTORY INFORMATION

Judge Textile Cutting Company 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% 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.

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 4 (2023 - 4 ) .

Judge Textile Cutting Company Ltd (Registered number: 04643314)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2023
and 31st January 2024 7,500
AMORTISATION
At 1st February 2023
and 31st January 2024 7,500
NET BOOK VALUE
At 31st January 2024 -
At 31st January 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st February 2023 30,570 5,963 900 183 37,616
Additions - - 21,115 - 21,115
Disposals - - (900 ) - (900 )
At 31st January 2024 30,570 5,963 21,115 183 57,831
DEPRECIATION
At 1st February 2023 25,173 4,841 531 183 30,728
Charge for year 1,081 168 4,223 - 5,472
Eliminated on disposal - - (531 ) - (531 )
At 31st January 2024 26,254 5,009 4,223 183 35,669
NET BOOK VALUE
At 31st January 2024 4,316 954 16,892 - 22,162
At 31st January 2023 5,397 1,122 369 - 6,888

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,070 7,135
Other debtors 1,776 17,685
5,846 24,820

Judge Textile Cutting Company Ltd (Registered number: 04643314)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,341 14,070
Trade creditors 778 3,251
Taxation and social security 149 1,249
Other creditors 27,004 1,726
32,272 20,296

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 10,129 14,292

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,211 1,309

Deferred
tax
£   
Balance at 1st February 2023 1,309
Provided during year 2,902
Balance at 31st January 2024 4,211

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100