Judson Signs Limited 03860384 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is commercial sign writing Digita Accounts Production Advanced 6.30.9574.0 true true 03860384 2023-09-01 2024-08-31 03860384 2024-08-31 03860384 bus:OrdinaryShareClass1 2024-08-31 03860384 bus:OrdinaryShareClass2 2024-08-31 03860384 bus:OrdinaryShareClass3 2024-08-31 03860384 core:CurrentFinancialInstruments 2024-08-31 03860384 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 03860384 core:Non-currentFinancialInstruments 2024-08-31 03860384 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 03860384 core:Goodwill 2024-08-31 03860384 core:FurnitureFittingsToolsEquipment 2024-08-31 03860384 core:LandBuildings 2024-08-31 03860384 core:MotorVehicles 2024-08-31 03860384 core:OtherPropertyPlantEquipment 2024-08-31 03860384 bus:SmallEntities 2023-09-01 2024-08-31 03860384 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 03860384 bus:FilletedAccounts 2023-09-01 2024-08-31 03860384 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 03860384 bus:RegisteredOffice 2023-09-01 2024-08-31 03860384 bus:Director3 2023-09-01 2024-08-31 03860384 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 03860384 bus:OrdinaryShareClass2 2023-09-01 2024-08-31 03860384 bus:OrdinaryShareClass3 2023-09-01 2024-08-31 03860384 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 03860384 core:Goodwill 2023-09-01 2024-08-31 03860384 core:NetGoodwill 2023-09-01 2024-08-31 03860384 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 03860384 core:LandBuildings 2023-09-01 2024-08-31 03860384 core:LeaseholdImprovements 2023-09-01 2024-08-31 03860384 core:MotorVehicles 2023-09-01 2024-08-31 03860384 core:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 03860384 core:PlantMachinery 2023-09-01 2024-08-31 03860384 countries:England 2023-09-01 2024-08-31 03860384 2023-08-31 03860384 core:Goodwill 2023-08-31 03860384 core:FurnitureFittingsToolsEquipment 2023-08-31 03860384 core:LandBuildings 2023-08-31 03860384 core:MotorVehicles 2023-08-31 03860384 core:OtherPropertyPlantEquipment 2023-08-31 03860384 2022-09-01 2023-08-31 03860384 2023-08-31 03860384 bus:OrdinaryShareClass1 2023-08-31 03860384 bus:OrdinaryShareClass2 2023-08-31 03860384 bus:OrdinaryShareClass3 2023-08-31 03860384 core:CurrentFinancialInstruments 2023-08-31 03860384 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 03860384 core:Non-currentFinancialInstruments 2023-08-31 03860384 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 03860384 core:FurnitureFittingsToolsEquipment 2023-08-31 03860384 core:LandBuildings 2023-08-31 03860384 core:MotorVehicles 2023-08-31 03860384 core:OtherPropertyPlantEquipment 2023-08-31 03860384 bus:OrdinaryShareClass3 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03860384

Judson Signs Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Judson Signs Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Judson Signs Limited

Company Information

Director

Mr I Brailsford

Registered office

17 Brunt Street
Mansfield
Nottinghamshire
NG18 1AX

Accountants

Seals King & Co. Limited
Chartered Certified Accountants
17 Brunt Street
Mansfield
Nottinghamshire
NG18 1AX

 

Judson Signs Limited

(Registration number: 03860384)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

56,601

229,875

Current assets

 

Stocks

6

42,563

35,594

Debtors

7

173,779

205,948

Cash at bank and in hand

 

123,495

232,708

 

339,837

474,250

Creditors: Amounts falling due within one year

8

(162,987)

(205,784)

Net current assets

 

176,850

268,466

Total assets less current liabilities

 

233,451

498,341

Creditors: Amounts falling due after more than one year

8

(8,333)

(18,333)

Provisions for liabilities

(12,509)

(10,027)

Net assets

 

212,609

469,981

Capital and reserves

 

Called up share capital

9

51

100

Capital redemption reserve

49

-

Retained earnings

212,509

469,881

Shareholders' funds

 

212,609

469,981

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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.

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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Judson Signs Limited

(Registration number: 03860384)
Balance Sheet as at 31 August 2024

Approved and authorised by the director on 28 May 2025
 

.........................................

Mr I Brailsford

Director

 

Judson Signs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

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

The address of its registered office is:
17 Brunt Street
Mansfield
Nottinghamshire
NG18 1AX
England

The principal place of business is:
Unit D
The SockMine
Coxmoor Road
Sutton-in-Ashfield
Nottinghamshire
NG17 5LA

These financial statements were authorised for issue by the director on 28 May 2025.

2

Accounting policies

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

As with most businesses we have been impacted by the Coronavirus (Covid 19). This has had an impact on our operations, customers, suppliers and staff. We have (where appropriate) utilised the grants and benefits available from the Government and are taking all the steps we can to protect the future of our business. Although the total impact is still uncertain the director believes that it is appropriate to prepare the accounts on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Judson Signs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

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

Land and buildings

Not depreciated

Short leasehold property

10% straight line basis

Plant and machinery

25% on reducing balance

Fixtures and fittings

25% on reducing balance

Motor vehicles

25% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5% straight line basis

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.

Trade debtors

Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence when the asset is impaired.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Judson Signs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Trade creditors

Trade creditors are not interest bearing and are stated at their nominal value.

Borrowings

Loans are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest rate.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 10 (2023 - 9).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 September 2023

15,000

15,000

At 31 August 2024

15,000

15,000

Amortisation

At 1 September 2023

15,000

15,000

At 31 August 2024

15,000

15,000

Carrying amount

At 31 August 2024

-

-

 

Judson Signs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 September 2023

182,548

42,268

33,490

163,206

421,512

Additions

-

2,671

8,250

12,295

23,216

Disposals

(182,548)

-

-

-

(182,548)

At 31 August 2024

-

44,939

41,740

175,501

262,180

Depreciation

At 1 September 2023

5,557

33,726

28,503

123,851

191,637

Charge for the year

-

3,277

3,309

12,913

19,499

Eliminated on disposal

(5,557)

-

-

-

(5,557)

At 31 August 2024

-

37,003

31,812

136,764

205,579

Carrying amount

At 31 August 2024

-

7,936

9,928

38,737

56,601

At 31 August 2023

176,991

8,542

4,987

39,355

229,875

Included within the net book value of land and buildings above is £Nil (2023 - £176,991) in respect of freehold land and buildings and £Nil (2023 - £Nil) in respect of short leasehold land and buildings. The value of investment properties have been kept at cost price as confirmed by the directors.
 

 

Judson Signs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

6

Stocks

2024
£

2023
£

Work in progress

30,835

25,564

Other inventories

11,728

10,030

42,563

35,594

7

Debtors

Current

2024
£

2023
£

Trade debtors

167,290

200,489

Prepayments

6,489

5,459

 

173,779

205,948

 

Judson Signs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

10,000

10,000

Trade creditors

 

77,011

48,472

Taxation and social security

 

63,873

80,182

Accruals and deferred income

 

2,103

5,698

Other creditors

 

10,000

61,432

 

162,987

205,784

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

8,333

18,333

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

41

41

99

99

Ordinary A shares of £1 each

1

1

1

1

Ordinary B shares of £1 (2023 - £0) each

9

9

-

-

51

51

100

100

 

Judson Signs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

8,333

18,333

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

10,000