Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 03323507 Mr Peter Judd Mr Samuel Dalloway iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03323507 2023-12-31 03323507 2024-12-31 03323507 2024-01-01 2024-12-31 03323507 frs-core:CurrentFinancialInstruments 2024-12-31 03323507 frs-core:Non-currentFinancialInstruments 2024-12-31 03323507 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 03323507 frs-core:FurnitureFittings 2024-12-31 03323507 frs-core:FurnitureFittings 2024-01-01 2024-12-31 03323507 frs-core:FurnitureFittings 2023-12-31 03323507 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 03323507 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03323507 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 03323507 frs-core:MotorVehicles 2024-12-31 03323507 frs-core:MotorVehicles 2024-01-01 2024-12-31 03323507 frs-core:MotorVehicles 2023-12-31 03323507 frs-core:OtherResidualIntangibleAssets 2024-12-31 03323507 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 03323507 frs-core:OtherResidualIntangibleAssets 2023-12-31 03323507 frs-core:PlantMachinery 2024-12-31 03323507 frs-core:PlantMachinery 2024-01-01 2024-12-31 03323507 frs-core:PlantMachinery 2023-12-31 03323507 frs-core:ShareCapital 2024-12-31 03323507 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 03323507 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03323507 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 03323507 frs-bus:SmallEntities 2024-01-01 2024-12-31 03323507 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03323507 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03323507 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 03323507 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 03323507 frs-bus:Director1 2024-01-01 2024-12-31 03323507 frs-bus:Director2 2024-01-01 2024-12-31 03323507 frs-countries:EnglandWales 2024-01-01 2024-12-31 03323507 2022-12-31 03323507 2023-12-31 03323507 2023-01-01 2023-12-31 03323507 frs-core:CurrentFinancialInstruments 2023-12-31 03323507 frs-core:Non-currentFinancialInstruments 2023-12-31 03323507 frs-core:ShareCapital 2023-12-31 03323507 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03323507 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31
Registered number: 03323507
Judd Medical Ltd
Financial Statements
For The Year Ended 31 December 2024
Lsd Accountants Ltd
Chartered Accountants
23 Stockwood Business Park
Redditch
Worcestershire
B96 6SX
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03323507
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 1,125 3,375
Tangible Assets 4 740,261 750,325
741,386 753,700
CURRENT ASSETS
Stocks 5 970,724 795,061
Debtors 6 428,345 248,999
Cash at bank and in hand 846,071 887,480
2,245,140 1,931,540
Creditors: Amounts Falling Due Within One Year 7 (393,532 ) (297,144 )
NET CURRENT ASSETS (LIABILITIES) 1,851,608 1,634,396
TOTAL ASSETS LESS CURRENT LIABILITIES 2,592,994 2,388,096
Creditors: Amounts Falling Due After More Than One Year 8 (38,920 ) (54,499 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (106,928 ) (113,869 )
NET ASSETS 2,447,146 2,219,728
CAPITAL AND RESERVES
Called up share capital 9 4 4
Fair value reserve 10 366,966 366,966
Profit and Loss Account 2,080,176 1,852,758
SHAREHOLDERS' FUNDS 2,447,146 2,219,728
Page 1
Page 2
For the year ending 31 December 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Peter Judd
Director
15/09/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
1.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website cost. It is amortised to profit and loss account over its estimated economic life of 3 years.
1.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not Provided
Plant & Machinery 33% on reducing balance
Motor Vehicles 20% on reducing balance
Fixtures & Fittings 33% on reducing balance
Freehold property is shown at the most recent valuation. Any aggregate or deficit arising from chnages in fair value is recognised under movement to fair value reserve.
1.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
1.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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1.7. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 15 (2023: 13)
15 13
3. Intangible Assets
Other
£
Cost
As at 1 January 2024 6,750
As at 31 December 2024 6,750
Amortisation
As at 1 January 2024 3,375
Provided during the period 2,250
As at 31 December 2024 5,625
Net Book Value
As at 31 December 2024 1,125
As at 1 January 2024 3,375
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost or Valuation
As at 1 January 2024 700,000 40,385 43,525 37,873 821,783
Additions - 2,525 - 1,236 3,761
Disposals - (2,218 ) - - (2,218 )
As at 31 December 2024 700,000 40,692 43,525 39,109 823,326
Depreciation
As at 1 January 2024 - 27,366 14,577 29,515 71,458
Provided during the period - 4,591 5,790 2,854 13,235
Disposals - (1,628 ) - - (1,628 )
As at 31 December 2024 - 30,329 20,367 32,369 83,065
Net Book Value
As at 31 December 2024 700,000 10,363 23,158 6,740 740,261
As at 1 January 2024 700,000 13,019 28,948 8,358 750,325
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Page 5
The analysis of the cost or valuation of the above assets is as follows:
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
As at 31 December 2024
At cost 700,000 40,692 43,525 39,109 823,326
700,000 40,692 43,525 39,109 823,326
As at 1 January 2024
At cost 700,000 40,385 43,525 37,873 821,783
700,000 40,385 43,525 37,873 821,783
Valuation in 2020: £240,011
Valuation in 2021: £Nil
Valuation in 2022: £225,000
Valuation in 2023: £Nil 
Valuation in 2024: £Nil 
Freehold property was revalued by directors on 31 December 2024.
5. Stocks
2024 2023
£ £
Stock 970,724 795,061
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 411,474 237,175
Prepayments and accrued income 4,071 2,913
Other debtors 2,800 3,786
VAT - 5,125
418,345 248,999
Due after more than one year
Amounts owed by associates 10,000 -
10,000 -
428,345 248,999
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 151,791 52,085
Bank loans and overdrafts 9,437 8,851
Other loans Due in 12 months 5,556 5,556
Corporation tax 100,644 90,642
Other taxes and social security 9,951 13,165
VAT 24,566 -
Other creditors 8,371 4,869
Accruals and deferred income 4,383 6,798
Directors' loan accounts 78,833 115,178
393,532 297,144
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1-2 years 9,437 8,851
Other loans 1-2 years 5,556 5,556
Bank Loans 2-5 years 4,482 15,091
Other loans After 5 years 2,778 8,334
Other loans 2-5 years 16,667 16,667
38,920 54,499
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
10. Reserves
Fair Value Reserve
£
As at 1 January 2024 366,966
As at 31 December 2024 366,966
11. Related Party Transactions
Amount owed by associates includes amount owed by Judd Animal Helathcare Ltd. in which Samuel James Dalloway and Peter John Judd both are Directors
12. General Information
Judd Medical Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03323507 . The registered office is Unity House, Buntsford Park Road, Bromsgrove, Worcs, B60 3DX.
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