2023-02-012024-01-312024-01-31false08846384JAMES MCBRIDE LTD2024-10-3047910iso4217:GBPxbrli:pure088463842023-02-01088463842024-01-31088463842023-02-012024-01-31088463842022-02-01088463842023-01-31088463842022-02-012023-01-3108846384bus:SmallEntities2023-02-012024-01-3108846384bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3108846384bus:FullAccounts2023-02-012024-01-3108846384bus:PrivateLimitedCompanyLtd2023-02-012024-01-3108846384core:WithinOneYear2024-01-3108846384core:AfterOneYear2024-01-3108846384core:WithinOneYear2023-01-3108846384core:AfterOneYear2023-01-3108846384core:ShareCapital2024-01-3108846384core:SharePremium2024-01-3108846384core:RevaluationReserve2024-01-3108846384core:OtherReservesSubtotal2024-01-3108846384core:RetainedEarningsAccumulatedLosses2024-01-3108846384core:ShareCapital2023-01-3108846384core:SharePremium2023-01-3108846384core:RevaluationReserve2023-01-3108846384core:OtherReservesSubtotal2023-01-3108846384core:RetainedEarningsAccumulatedLosses2023-01-3108846384core:LandBuildings2024-01-3108846384core:PlantMachinery2024-01-3108846384core:Vehicles2024-01-3108846384core:FurnitureFittings2024-01-3108846384core:OfficeEquipment2024-01-3108846384core:NetGoodwill2024-01-3108846384core:IntangibleAssetsOtherThanGoodwill2024-01-3108846384core:ListedExchangeTraded2024-01-3108846384core:UnlistedNon-exchangeTraded2024-01-3108846384core: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:LandBuildings2023-02-012024-01-3108846384core:PlantMachinery2023-02-012024-01-3108846384core:Vehicles2023-02-012024-01-3108846384core:FurnitureFittings2023-02-012024-01-3108846384core:OfficeEquipment2023-02-012024-01-3108846384core:NetGoodwill2023-02-012024-01-3108846384core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3108846384core:ListedExchangeTraded2023-02-012024-01-3108846384core:UnlistedNon-exchangeTraded2023-02-012024-01-3108846384core:MoreThanFiveYears2023-02-012024-01-3108846384core:Non-currentFinancialInstruments2024-01-3108846384core:Non-currentFinancialInstruments2023-01-3108846384dpl:CostSales2023-02-012024-01-3108846384dpl:DistributionCosts2023-02-012024-01-3108846384core:LandBuildings2023-02-012024-01-3108846384core:PlantMachinery2023-02-012024-01-3108846384core:Vehicles2023-02-012024-01-3108846384core:FurnitureFittings2023-02-012024-01-3108846384core:OfficeEquipment2023-02-012024-01-3108846384dpl:AdministrativeExpenses2023-02-012024-01-3108846384core:NetGoodwill2023-02-012024-01-3108846384core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3108846384dpl:GroupUndertakings2023-02-012024-01-3108846384dpl:ParticipatingInterests2023-02-012024-01-3108846384dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3108846384core:ListedExchangeTraded2023-02-012024-01-3108846384dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3108846384core:UnlistedNon-exchangeTraded2023-02-012024-01-3108846384dpl:CostSales2022-02-012023-01-3108846384dpl:DistributionCosts2022-02-012023-01-3108846384core:LandBuildings2022-02-012023-01-3108846384core:PlantMachinery2022-02-012023-01-3108846384core:Vehicles2022-02-012023-01-3108846384core:FurnitureFittings2022-02-012023-01-3108846384core:OfficeEquipment2022-02-012023-01-3108846384dpl:AdministrativeExpenses2022-02-012023-01-3108846384core: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-exchangeTraded2022-02-012023-01-3108846384core:NetGoodwill2024-01-3108846384core:IntangibleAssetsOtherThanGoodwill2024-01-3108846384core:LandBuildings2024-01-3108846384core:PlantMachinery2024-01-3108846384core:Vehicles2024-01-3108846384core:FurnitureFittings2024-01-3108846384core:OfficeEquipment2024-01-3108846384core:AfterOneYear2024-01-3108846384core:WithinOneYear2024-01-3108846384core:ListedExchangeTraded2024-01-3108846384core:UnlistedNon-exchangeTraded2024-01-3108846384core:ShareCapital2024-01-3108846384core:SharePremium2024-01-3108846384core:RevaluationReserve2024-01-3108846384core:OtherReservesSubtotal2024-01-3108846384core:RetainedEarningsAccumulatedLosses2024-01-3108846384core: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:ListedExc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JAMES MCBRIDE LTD

Registered Number
08846384
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

JAMES MCBRIDE LTD
Company Information
for the year from 1 February 2023 to 31 January 2024

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 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3139,236164,440
139,236164,440
Current assets
Stocks4184,000169,000
Debtors30,44716,794
Cash at bank and on hand44,39216,665
258,839202,459
Creditors amounts falling due within one year5(115,181)(79,851)
Net current assets (liabilities)143,658122,608
Total assets less current liabilities282,894287,048
Creditors amounts falling due after one year6(50,375)(86,476)
Provisions for liabilities7(26,455)(31,244)
Net assets206,064169,328
Capital and reserves
Called up share capital11
Profit and loss account206,063169,327
Shareholders' funds206,064169,328
The financial statements were approved and authorised for issue by the Director on 30 October 2024, 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 2024

1.Accounting policies
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.
Statement of compliance
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.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
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.
Deferred tax
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.
Tangible fixed assets and depreciation
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 and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year75
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 February 23106,66921,230112,964240,863
Additions11,8409,7983,70325,341
At 31 January 24118,50931,028116,667266,204
Depreciation and impairment
At 01 February 2314,4077,73954,27776,423
Charge for year22,4154,39423,73650,545
At 31 January 2436,82212,13378,013126,968
Net book value
At 31 January 2481,68718,89538,654139,236
At 31 January 2392,26213,49158,687164,440
4.Stocks

2024

2023

££
Other stocks184,000169,000
Total184,000169,000
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables28,60621,494
Bank borrowings and overdrafts18,5744,194
Taxation and social security32,74714,599
Other creditors32,75437,183
Accrued liabilities and deferred income2,5002,381
Total115,18179,851
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.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts50,37586,476
Total50,37586,476
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)26,45531,244
Total26,45531,244
8.Related party transactions
The company paid a dividend of £2,000 to Mr J McBride, Director of the company.