2022-02-012023-01-312023-01-31false08846384JAMES MCBRIDE LTD2023-10-2747910iso4217:GBPxbrli:pure088463842022-02-01088463842023-01-31088463842022-02-012023-01-31088463842021-02-01088463842022-01-31088463842021-02-012022-01-3108846384bus:SmallEntities2022-02-012023-01-3108846384bus:AuditExempt-NoAccountantsReport2022-02-012023-01-3108846384bus:FullAccounts2022-02-012023-01-3108846384bus:PrivateLimitedCompanyLtd2022-02-012023-01-3108846384core:WithinOneYear2023-01-3108846384core:AfterOneYear2023-01-3108846384core:WithinOneYear2022-01-3108846384core:AfterOneYear2022-01-310884638412022-02-012023-01-3108846384core:ShareCapital2023-01-3108846384core:SharePremium2023-01-3108846384core:RevaluationReserve2023-01-3108846384core:OtherReservesSubtotal2023-01-3108846384core:RetainedEarningsAccumulatedLosses2023-01-3108846384core:ShareCapital2022-01-3108846384core:SharePremium2022-01-3108846384core:RevaluationReserve2022-01-3108846384core:OtherReservesSubtotal2022-01-3108846384core:RetainedEarningsAccumulatedLosses2022-01-3108846384core:LandBuildings2023-01-3108846384core:PlantMachinery2023-01-3108846384core:Vehicles2023-01-3108846384core:FurnitureFittings2023-01-3108846384core:OfficeEquipment2023-01-3108846384core:NetGoodwill2023-01-3108846384core:IntangibleAssetsOtherThanGoodwill2023-01-3108846384core:ListedExchangeTraded2023-01-3108846384core:UnlistedNon-exchangeTraded2023-01-3108846384core:LandBuildings2022-01-3108846384core:PlantMachinery2022-01-3108846384core:Vehicles2022-01-3108846384core:FurnitureFittings2022-01-3108846384core:OfficeEquipment2022-01-3108846384core:NetGoodwill2022-01-3108846384core:IntangibleAssetsOtherThanGoodwill2022-01-3108846384core:ListedExchangeTraded2022-01-3108846384core:UnlistedNon-exchangeTraded2022-01-3108846384core:LandBuildings2022-02-012023-01-3108846384core:PlantMachinery2022-02-012023-01-3108846384core:Vehicles2022-02-012023-01-3108846384core:FurnitureFittings2022-02-012023-01-3108846384core:OfficeEquipment2022-02-012023-01-3108846384core:NetGoodwill2022-02-012023-01-3108846384core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3108846384core:ListedExchangeTraded2022-02-012023-01-3108846384core:UnlistedNon-exchangeTraded2022-02-012023-01-3108846384core:MoreThanFiveYears2022-02-012023-01-3108846384core:Non-currentFinancialInstruments2023-01-3108846384core:Non-currentFinancialInstruments2022-01-3108846384dpl:CostSales2022-02-012023-01-3108846384dpl:DistributionCosts2022-02-012023-01-3108846384dpl:AdministrativeExpenses2022-02-012023-01-3108846384core:LandBuildings2022-02-012023-01-3108846384core:PlantMachinery2022-02-012023-01-3108846384core:Vehicles2022-02-012023-01-3108846384core:FurnitureFittings2022-02-012023-01-3108846384core:OfficeEquipment2022-02-012023-01-3108846384core:NetGoodwill2022-02-012023-01-3108846384core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3108846384dpl:GroupUndertakings2022-02-012023-01-3108846384dpl:ParticipatingInterests2022-02-012023-01-3108846384dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3108846384core:ListedExchangeTraded2022-02-012023-01-3108846384dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3108846384core:UnlistedNon-exchangeTraded2022-02-012023-01-3108846384dpl:CostSales2021-02-012022-01-3108846384dpl:DistributionCosts2021-02-012022-01-3108846384dpl:AdministrativeExpenses2021-02-012022-01-3108846384core:LandBuildings2021-02-012022-01-3108846384core:PlantMachinery2021-02-012022-01-3108846384core:Vehicles2021-02-012022-01-3108846384core:FurnitureFittings2021-02-012022-01-3108846384core:OfficeEquipment2021-02-012022-01-3108846384core:NetGoodwill2021-02-012022-01-3108846384core:IntangibleAssetsOtherThanGoodwill2021-02-012022-01-3108846384dpl:GroupUndertakings2021-02-012022-01-3108846384dpl:ParticipatingInterests2021-02-012022-01-3108846384dpl:GroupUndertakingscore:ListedExchangeTraded2021-02-012022-01-3108846384core:ListedExchangeTraded2021-02-012022-01-3108846384dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-02-012022-01-3108846384core:UnlistedNon-exchangeTraded2021-02-012022-01-3108846384core:NetGoodwill2023-01-3108846384core:IntangibleAssetsOtherThanGoodwill2023-01-3108846384core:LandBuildings2023-01-3108846384core:PlantMachinery2023-01-3108846384core:Vehicles2023-01-3108846384core:FurnitureFittings2023-01-3108846384core:OfficeEquipment2023-01-3108846384core:AfterOneYear2023-01-3108846384core:WithinOneYear2023-01-3108846384core:ListedExchangeTraded2023-01-3108846384core:UnlistedNon-exchangeTraded2023-01-3108846384core:ShareCapital2023-01-3108846384core:SharePremium2023-01-3108846384core:RevaluationReserve2023-01-3108846384core:OtherReservesSubtotal2023-01-3108846384core:RetainedEarningsAccumulatedLosses2023-01-3108846384core:NetGoodwill2022-01-3108846384core:IntangibleAssetsOtherThanGoodwill2022-01-3108846384core:LandBuildings2022-01-3108846384core:PlantMachinery2022-01-3108846384core:Vehicles2022-01-3108846384core:FurnitureFittings2022-01-3108846384core:OfficeEquipment2022-01-3108846384core:AfterOneYear2022-01-3108846384core:WithinOneYear202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JAMES MCBRIDE LTD

(formerly XACT RETAIL LTD)

Registered Number
08846384
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2023

JAMES MCBRIDE LTD
Company Information
for the year from 1 February 2022 to 31 January 2023

Director

MCBRIDE, James

Company Secretary

MCBRIDE, James

Registered Address

Unit 1n, Admiral Business Park
Nelson Park West
Cramlington
NE23 1WG

Registered Number

08846384 (England and Wales)
JAMES MCBRIDE LTD
Balance Sheet as at
31 January 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5164,44099,237
164,44099,237
Current assets
Stocks6169,000105,000
Debtors716,79431,829
Cash at bank and on hand16,5732,716
202,367139,545
Creditors amounts falling due within one year8(79,759)(71,670)
Net current assets (liabilities)122,60867,875
Total assets less current liabilities287,048167,112
Creditors amounts falling due after one year9(86,476)(50,000)
Provisions for liabilities10(31,244)(13,963)
Net assets169,328103,149
Capital and reserves
Called up share capital11
Profit and loss account169,327103,148
Shareholders' funds169,328103,149
The financial statements were approved and authorised for issue by the Director on 27 October 2023, and are signed on its behalf by:
MCBRIDE, James
Director
Registered Company No. 08846384
JAMES MCBRIDE LTD
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery-5
Fixtures and fittings-5
Vehicles25-
Office Equipment-5
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year55
5.Property, plant and equipment

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 February 2211,50021,230104,753137,483
Additions95,169-8,211103,380
At 31 January 23106,66921,230112,964240,863
Depreciation and impairment
At 01 February 223,1423,24231,86238,246
Charge for year11,2654,49722,41538,177
At 31 January 2314,4077,73954,27776,423
Net book value
At 31 January 2392,26213,49158,687164,440
At 31 January 228,35817,98872,89199,237
6.Stocks

2023

2022

££
Other stocks169,000105,000
Total169,000105,000
7.Debtors

2023

2022

££
Trade debtors / trade receivables2,57417,609
Other debtors14,22014,220
Total16,79431,829
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables21,25911,060
Bank borrowings and overdrafts39,53555,931
Taxation and social security14,6234,679
Other creditors1,843-
Accrued liabilities and deferred income2,499-
Total79,75971,670
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts86,47650,000
Total86,47650,000
10.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)31,24413,963
Total31,24413,963