This amusing record was released in 1985 by two members of Madness (Smyth/McPherson). It came in three versions, a 7" & 12" version and a 7" picture disc. The cover of all three versions is an iconic picture of Dredd with his Lawgiver drawn, by Brian Bolland. The rear is another Bolland piece, Fink Angel and Ratty emerging out of a manhole and looking at a poster showing the lyrics to the actual song.
Here are the words in close up.