1 July 2023 false No description of principal activity Taxfiler 2024.5 NI639190business:PrivateLimitedCompanyLtd2023-07-012024-06-30 NI6391902023-06-30 NI6391902023-07-012024-06-30 NI639190business:AuditExemptWithAccountantsReport2023-07-012024-06-30 NI639190business:FilletedAccounts2023-07-012024-06-30 NI6391902024-06-30 NI639190business:Director12023-07-012024-06-30 NI639190business:Director22023-07-012024-06-30 NI639190business:CompanySecretary12023-07-012024-06-30 NI639190business:RegisteredOffice2023-07-012024-06-30 NI6391902023-06-30 NI639190core:WithinOneYear2024-06-30 NI639190core:WithinOneYear2023-06-30 NI639190core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 NI639190core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 NI639190core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 NI639190core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 NI639190core:PreviouslyStatedAmount2024-06-30 NI639190core:PreviouslyStatedAmount2023-06-30 NI639190business:SmallEntities2023-07-012024-06-30 NI639190countries:NorthernIreland2023-07-012024-06-30 NI639190core:PlantMachinery2023-07-012024-06-30 NI639190core:LandBuildings2023-06-30 NI639190core:PlantMachinery2023-06-30 NI639190core:LandBuildings2024-06-30 NI639190core:PlantMachinery2024-06-30 NI639190core:LandBuildings2023-07-012024-06-30 NI6391902022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. NI639190 (Northern Ireland)
J&j Mckibbin Ltd Unaudited accounts for the year ended 30 June 2024
J&j Mckibbin Ltd Unaudited accounts Contents
Page
- 2 -
J&j Mckibbin Ltd Company Information for the year ended 30 June 2024
Directors
John McKibbin Thomas James McKibbin
Secretary
John McKibbin
Company Number
NI639190 (Northern Ireland)
Registered Office
181 Moyadd Road Kilkeel Newry BT34 4HL United Kingdom
Accountants
JMW 74 Ballantine Gardens Lisburn Co. Down BT27 5FB
- 3 -
J&j Mckibbin Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,563 
5,962 
Current assets
Inventories
488,850 
361,383 
Debtors
897 
120,000 
Cash at bank and in hand
2,210 
29,960 
491,957 
511,343 
Creditors: amounts falling due within one year
(450,428)
(416,618)
Net current assets
41,529 
94,725 
Net assets
47,092 
100,687 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
47,090 
100,685 
Shareholders' funds
47,092 
100,687 
For the year ending 30 June 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by
Thomas James McKibbin Director Company Registration No. NI639190
- 4 -
J&j Mckibbin Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
J&j Mckibbin Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI639190. The registered office is 181 Moyadd Road Kilkeel, Newry, BT34 4HL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 June 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% RB
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
- 5 -
J&j Mckibbin Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
3,968 
5,878 
9,846 
At 30 June 2024
3,968 
5,878 
9,846 
Depreciation
At 1 July 2023
- 
3,884 
3,884 
Charge for the year
- 
399 
399 
At 30 June 2024
- 
4,283 
4,283 
Net book value
At 30 June 2024
3,968 
1,595 
5,563 
At 30 June 2023
3,968 
1,994 
5,962 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
897 
- 
Other debtors
- 
120,000 
897 
120,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
34,417 
39,746 
VAT
- 
258 
Trade creditors
- 
8,515 
Other creditors
- 
71,613 
Loans from directors
415,489 
295,736 
Accruals
522 
750 
450,428 
416,618 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -