Company No: 04698967 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	378,914		330,109
		378,914		330,109
Current assets
Stocks		10,000		10,000
Debtors	5	933,756		1,294,974
Cash at bank and in hand		1,180,767		1,147,515
		2,124,523		2,452,489
Creditors: amounts falling due within one year	6	( 774,377)		( 818,207)
Net current assets		1,350,146		1,634,282
Total assets less current liabilities		1,729,060		1,964,391
Creditors: amounts falling due after more than one year	7	( 45,115)		( 77,680)
Provision for liabilities	8	( 42,175)		( 40,672)
Net assets		1,641,770		1,846,039
Capital and reserves
Called-up share capital	9	100		100
Profit and loss account		1,641,670		1,845,939
Total shareholders' funds		1,641,770		1,846,039

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of S J McBride Limited (registered number: 04698967) were approved and authorised for issue by the Board of Directors on 18 September 2025. They were signed on its behalf by:

Mr S J McBride Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

S J McBride Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit J, Ventura Park, Broadshires Way, Carterton, OX18 1AD.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	10 years straight line
Plant and machinery	4 years straight line
Vehicles	4 years straight line
Computer equipment	5 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	14		16

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2024	120,000		120,000
Disposals	( 120,000)		( 120,000)
At 31 March 2025	0		0
Accumulated amortisation
At 01 April 2024	120,000		120,000
Disposals	( 120,000)		( 120,000)
At 31 March 2025	0		0
Net book value
At 31 March 2025	0		0
At 31 March 2024	0		0

4. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 April 2024	66,066		56,705		662,642		2,640		788,053
Additions	61,122		4,308		150,436		0		215,866
Disposals	0		0		( 83,042)		0		( 83,042)
At 31 March 2025	127,188		61,013		730,036		2,640		920,877
Accumulated depreciation
At 01 April 2024	65,537		52,454		337,313		2,640		457,944
Charge for the financial year	529		2,597		125,559		0		128,685
Disposals	0		0		( 44,666)		0		( 44,666)
At 31 March 2025	66,066		55,051		418,206		2,640		541,963
Net book value
At 31 March 2025	61,122		5,962		311,830		0		378,914
At 31 March 2024	529		4,251		325,329		0		330,109
Leased assets included above:
Net book value
At 31 March 2025	0		0		238,026		0		238,026
At 31 March 2024	0		0		129,091		0		129,091

5. Debtors

	2025		2024
	£		£
Trade debtors	796,835		973,042
VAT recoverable	32,516		0
Other debtors	104,405		321,932
	933,756		1,294,974

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	488,000		341,210
Corporation tax	129,775		252,512
Other taxation and social security	24,202		24,875
Obligations under finance leases and hire purchase contracts (secured)	59,541		53,842
Other creditors	72,859		145,768
	774,377		818,207

Obligations under finance leases and hire purchase contracts are secured on the assets to which they relate.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts (secured)	45,115		77,680

Obligations under finance leases and hire purchase contracts are secured on the assets to which they relate.

8. Provision for liabilities

	2025		2024
	£		£
Deferred tax	42,175		40,672

	Deferred taxation		Total
	£		£
At 01 April 2024	40,672		40,672
Charged to the Statement of Income and Retained Earnings	1,503		1,503
At 31 March 2025	42,175		42,175

Deferred tax

	2025		2024
	£		£
Accelerated capital allowances	42,175		40,672
Provision for deferred tax	42,175		40,672

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
98 Ordinary A shares of £ 1.00 each	98		98
1 Ordinary B share of £ 1.00	1		1
1 Ordinary C share of £ 1.00	1		1
	100		100

10. Financial commitments

Commitments

	2025		2024
	£		£
Total future minimum lease payments under non-cancellable operating lease	36,067		7,347

11. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Opening balances - Loan 1	54,816		(1,155)
Amounts advanced - Loan 1	216,597		139,471
Amounts repaid - Loan 1	(200,600)		(83,500)
Closing balance - Loan 1	70,813		54,816
Opening balances - Loan 2	84,828		17,847
Amounts advanced - Loan 2	203,689		280,631
Amounts repaid - Loan 2	(288,700)		(213,650)
Closing balance - Loan 2	(183)		84,828

The above loans are interest free loans granted by the company to its directors.

Guarantees

The company has provided a guarantee of £270,000 (2023 - £270,000) in respect of borrowings from National Westminster Bank Plc to one of the Directors and his wife.

Dividends totalling £483,890 (2024 - £402,850) were paid in the year in respect of shares held by the company's directors.