IRIS Accounts Production v24.3.0.553 08687409 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh086874092023-09-30086874092024-09-30086874092023-10-012024-09-30086874092022-09-30086874092022-10-012023-09-30086874092023-09-3008687409ns15:EnglandWales2023-10-012024-09-3008687409ns14:PoundSterling2023-10-012024-09-3008687409ns10:Director12023-10-012024-09-3008687409ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3008687409ns10:SmallEntities2023-10-012024-09-3008687409ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3008687409ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3008687409ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3008687409ns10:FullAccounts2023-10-012024-09-3008687409ns10:OrdinaryShareClass12023-10-012024-09-3008687409ns10:Director22023-10-012024-09-3008687409ns10:CompanySecretary12023-10-012024-09-3008687409ns10:RegisteredOffice2023-10-012024-09-3008687409ns5:CurrentFinancialInstruments2024-09-3008687409ns5:CurrentFinancialInstruments2023-09-3008687409ns5:ShareCapital2024-09-3008687409ns5:ShareCapital2023-09-3008687409ns5:RetainedEarningsAccumulatedLosses2024-09-3008687409ns5:RetainedEarningsAccumulatedLosses2023-09-3008687409ns5:ComputerEquipment2023-10-012024-09-3008687409ns5:ComputerEquipment2023-09-3008687409ns5:ComputerEquipment2024-09-3008687409ns5:ComputerEquipment2023-09-3008687409ns10:OrdinaryShareClass12024-09-3008687409ns5:RetainedEarningsAccumulatedLosses2023-09-3008687409ns5:RetainedEarningsAccumulatedLosses2023-10-012024-09-30
REGISTERED NUMBER: 08687409 (England and Wales)















Financial Statements for the Year Ended 30th September 2024

for

Jim Herron Metals & Minerals Limited

Jim Herron Metals & Minerals Limited (Registered number: 08687409)






Contents of the Financial Statements
for the Year Ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jim Herron Metals & Minerals Limited

Company Information
for the Year Ended 30th September 2024







DIRECTORS: Mrs M H Herron
J Herron





SECRETARY: Mrs M H Herron





REGISTERED OFFICE: 13 The Dales
Scunthorpe
North Lincolnshire
DN17 2QF





REGISTERED NUMBER: 08687409 (England and Wales)





ACCOUNTANTS: Peter R Burton Accountants
43 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PN

Jim Herron Metals & Minerals Limited (Registered number: 08687409)

Balance Sheet
30th September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,443 1,428

CURRENT ASSETS
Cash at bank 8,964 15,690

CREDITORS
Amounts falling due within one year 5 1,023 938
NET CURRENT ASSETS 7,941 14,752
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,384

16,180

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 7 9,383 16,179
SHAREHOLDERS' FUNDS 9,384 16,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Jim Herron Metals & Minerals Limited (Registered number: 08687409)

Balance Sheet - continued
30th September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th October 2024 and were signed on its behalf by:





J Herron - Director


Jim Herron Metals & Minerals Limited (Registered number: 08687409)

Notes to the Financial Statements
for the Year Ended 30th September 2024

1. STATUTORY INFORMATION

Jim Herron Metals & Minerals Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% on reducing balance

Taxation
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Jim Herron Metals & Minerals Limited (Registered number: 08687409)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1st October 2023 3,744
Additions 319
At 30th September 2024 4,063
DEPRECIATION
At 1st October 2023 2,316
Charge for year 304
At 30th September 2024 2,620
NET BOOK VALUE
At 30th September 2024 1,443
At 30th September 2023 1,428

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Taxation and social security 1 1
Other creditors 1,022 937
1,023 938

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1 Ordinary £1 1 1

7. RESERVES
Retained
earnings
£   

At 1st October 2023 16,179
Profit for the year 204
Dividends (7,000 )
At 30th September 2024 9,383