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REGISTERED NUMBER: 11811046 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Judge Electrical Solutions Ltd

Judge Electrical Solutions Ltd (Registered number: 11811046)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Judge Electrical Solutions Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: H A Judge





SECRETARY:





REGISTERED OFFICE: West Retford Hall
Rectory Road
Retford
DN22 7AY





REGISTERED NUMBER: 11811046 (England and Wales)





ACCOUNTANTS: ASAP Accountants & Business Advisors Ltd
Room 206, Mercury House
Willoughton Drive
Foxby Lane Business Park
Gainsborough
Lincolnshire
DN21 1DY

Judge Electrical Solutions Ltd (Registered number: 11811046)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,200 8,400
Tangible assets 5 26,550 34,497
33,750 42,897

CURRENT ASSETS
Stocks 612 612
Debtors 6 78,493 48,233
Cash at bank 7,321 40,376
86,426 89,221
CREDITORS
Amounts falling due within one year 7 46,312 35,687
NET CURRENT ASSETS 40,114 53,534
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,864

96,431

CREDITORS
Amounts falling due after more than
one year

8

5,654

8,872
NET ASSETS 68,210 87,559

Judge Electrical Solutions Ltd (Registered number: 11811046)

Balance Sheet - continued
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 68,209 87,558
68,210 87,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 30 August 2024 and were signed by:





H A Judge - Director


Judge Electrical Solutions Ltd (Registered number: 11811046)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Judge Electrical Solutions 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 2020, 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 - 25% on reducing balance
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.

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.


Judge Electrical Solutions Ltd (Registered number: 11811046)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 12,000
AMORTISATION
At 1 March 2023 3,600
Charge for year 1,200
At 29 February 2024 4,800
NET BOOK VALUE
At 29 February 2024 7,200
At 28 February 2023 8,400

Judge Electrical Solutions Ltd (Registered number: 11811046)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Equipment Totals
£    £    £    £   
COST
At 1 March 2023 5,728 40,295 4,647 50,670
Additions 894 - 956 1,850
At 29 February 2024 6,622 40,295 5,603 52,520
DEPRECIATION
At 1 March 2023 2,610 10,074 3,489 16,173
Charge for year 1,003 7,555 1,239 9,797
At 29 February 2024 3,613 17,629 4,728 25,970
NET BOOK VALUE
At 29 February 2024 3,009 22,666 875 26,550
At 28 February 2023 3,118 30,221 1,158 34,497

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
29.2.24 28.2.23
£    £   
Trade debtors 58,970 27,812
Other debtors 19,523 20,421
78,493 48,233

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 3,283 3,378
Trade creditors 19,663 17,814
Tax 9,996 7,936
Social security and other taxes 2,492 263
VAT 2,315 -
Other creditors 8,156 5,607
Directors' current accounts 407 689
46,312 35,687

Judge Electrical Solutions Ltd (Registered number: 11811046)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans - 1-2 years 3,283 3,378
Bank loans - 2-5 years 2,371 5,494
5,654 8,872

9. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 8,937 12,250