Judicious Ltd 08819618 true 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is has been the supply of specialist mechanical and related engineering services Digita Accounts Production Advanced 6.30.9574.0 true Archie Coffield true 08819618 2023-03-01 2024-02-29 08819618 2024-02-29 08819618 bus:OrdinaryShareClass1 2024-02-29 08819618 core:RetainedEarningsAccumulatedLosses 2024-02-29 08819618 core:ShareCapital 2024-02-29 08819618 core:CurrentFinancialInstruments 2024-02-29 08819618 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 08819618 core:FurnitureFittingsToolsEquipment 2024-02-29 08819618 core:DeferredTaxation 2024-02-29 08819618 bus:FRS102 2023-03-01 2024-02-29 08819618 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08819618 bus:FullAccounts 2023-03-01 2024-02-29 08819618 bus:RegisteredOffice 2023-03-01 2024-02-29 08819618 bus:Director1 2023-03-01 2024-02-29 08819618 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 08819618 bus:EntityNoLongerTradingButTradedInPast 2023-03-01 2024-02-29 08819618 bus:Consolidated 2023-03-01 2024-02-29 08819618 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08819618 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 08819618 countries:Scotland 2023-03-01 2024-02-29 08819618 2023-02-28 08819618 core:FurnitureFittingsToolsEquipment 2023-02-28 08819618 core:DeferredTaxation 2023-02-28 08819618 2023-02-28 08819618 bus:OrdinaryShareClass1 2023-02-28 08819618 core:RetainedEarningsAccumulatedLosses 2023-02-28 08819618 core:ShareCapital 2023-02-28 08819618 core:CurrentFinancialInstruments 2023-02-28 08819618 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 08819618 core:FurnitureFittingsToolsEquipment 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08819618

Judicious Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Judicious Ltd

Profit and Loss Account for the Year Ended 29 February 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Judicious Ltd

(Registration number: 08819618)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

740

740

Current assets

 

Cash at bank and in hand

 

294

549

Creditors: Amounts falling due within one year

5

(510)

1,736

Net current (liabilities)/assets

 

(216)

2,285

Total assets less current liabilities

 

524

3,025

Provisions for liabilities

6

(141)

(141)

Net assets

 

383

2,884

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

283

2,784

Shareholders' funds

 

383

2,884

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 22 October 2024
 

.........................................
Archie Coffield
Director

 

Judicious Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
30 Buckingham Road
Newbury
RG14 6DJ

These financial statements were authorised for issue by the director on 22 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings, equipment

no depreciation this year

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Judicious Ltd

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Judicious Ltd

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

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

4,066

4,066

At 29 February 2024

4,066

4,066

Depreciation

At 1 March 2023

3,326

3,326

At 29 February 2024

3,326

3,326

Carrying amount

At 29 February 2024

740

740

At 28 February 2023

740

740

4

Cash and cash equivalents

2024
£

2023
£

Cash at bank

255

66

Short-term deposits

39

483

294

549

5

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

(639)

8

Social security and other taxes

 

(33)

(29)

Other payables

 

1

-

Accruals

 

1,200

1,200

Income tax liability

(19)

(2,915)

 

510

(1,736)

6

Provisions for liabilities

Deferred tax
£

Total
£

At 1 March 2023

141

141

At 29 February 2024

141

141

 

Judicious Ltd

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

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

8

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Director current account

(639)

8