APPLESON-JUDD LIMITED Filleted Accounts Cover
APPLESON-JUDD LIMITED
Company No. 03852516
Information for Filing with The Registrar
30 November 2024
APPLESON-JUDD LIMITED Balance Sheet Registrar
at
30 November 2024
Company No.
03852516
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
7,2798,653
7,2798,653
Current assets
Stocks
5
6,0255,270
Debtors
6
204,882139,369
Cash at bank and in hand
-26,345
210,907170,984
Creditors: Amount falling due within one year
7
(149,199)
(82,993)
Net current assets
61,70887,991
Total assets less current liabilities
68,98796,644
Net assets
68,98796,644
Capital and reserves
Called up share capital
200200
Profit and loss account
8
68,78796,444
Total equity
68,98796,644
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 09 May 2025 and signed on its behalf by:
K.J. Appleson
Director
09 May 2025
APPLESON-JUDD LIMITED Notes to the Accounts Registrar
for the year ended 30 November 2024
1
General information
APPLESON-JUDD LIMITED is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 03852516
Its registered office is:
UNIT 437A BIRCH PARK STREET
THORP ARCH ESTATE
WETHERBY
WEST YORKSHIRE
LS23 7FG
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25% reducing balance
Motor vehicles
15% reducing balance
Research and development costs
During the year a total of £66,743 was paid for software development services, relating to a research and development project being undertaken by the company. These costs are reflected in the accounts as Other legal & professional costs.
Taxation
Income tax expense represents the sum of the tax currently payable.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
1312
4
Tangible fixed assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost or revaluation
At 1 December 2023
9,43442,92752,361
At 30 November 2024
9,43442,92752,361
Depreciation
At 1 December 2023
8,67335,03543,708
Charge for the year
1901,1841,374
At 30 November 2024
8,86336,21945,082
Net book values
At 30 November 2024
5716,7087,279
At 30 November 2023
761
7,892
8,653
5
Stocks
2024
2023
£
£
Raw materials and consumables
6,0255,270
6,0255,270
6
Debtors
2024
2023
£
£
Trade debtors
204,882139,369
204,882139,369
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
23,782-
Trade creditors
47,94555,126
Taxes and social security
15,362
27,868
Loans from directors
60,000-
Other creditors
2,111-
Accruals and deferred income
(1)
(1)
149,19982,993
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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