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REGISTERED NUMBER: 03081648 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Heron Electric Company Limited

Heron Electric Company Limited (Registered number: 03081648)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Heron Electric Company Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr D J Carter
Mr J A Carter





REGISTERED OFFICE: 41b Beach Road
Littlehampton
West Sussex
BN17 5JA





REGISTERED NUMBER: 03081648 (England and Wales)





ACCOUNTANTS: Reeves Wilkinson Limited trading as Botting & Co
Chartered Certified Accountants
41b Beach Road
Littlehampton
West Sussex
BN17 5JA

Heron Electric Company Limited (Registered number: 03081648)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 962 1,282
Tangible assets 5 15,888 23,293
16,850 24,575

CURRENT ASSETS
Stocks 20,195 23,675
Debtors 6 103,939 75,509
Cash at bank 182,832 200,116
306,966 299,300
CREDITORS
Amounts falling due within one year 7 (33,092 ) (26,411 )
NET CURRENT ASSETS 273,874 272,889
TOTAL ASSETS LESS CURRENT
LIABILITIES

290,724

297,464

PROVISIONS FOR LIABILITIES (370 ) (749 )
NET ASSETS 290,354 296,715

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 290,253 296,614
SHAREHOLDERS' FUNDS 290,354 296,715

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Heron Electric Company Limited (Registered number: 03081648)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:





Mr D J Carter - Director


Heron Electric Company Limited (Registered number: 03081648)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Heron Electric Company 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Heron Electric Company Limited (Registered number: 03081648)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 31 August 2024 3,206
AMORTISATION
At 1 September 2023 1,924
Charge for year 320
At 31 August 2024 2,244
NET BOOK VALUE
At 31 August 2024 962
At 31 August 2023 1,282

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 45,598 114,862 5,108 28,274 193,842
Additions - 349 - - 349
At 31 August 2024 45,598 115,211 5,108 28,274 194,191
DEPRECIATION
At 1 September 2023 34,728 106,378 4,559 24,884 170,549
Charge for year 4,560 2,208 138 848 7,754
At 31 August 2024 39,288 108,586 4,697 25,732 178,303
NET BOOK VALUE
At 31 August 2024 6,310 6,625 411 2,542 15,888
At 31 August 2023 10,870 8,484 549 3,390 23,293

Heron Electric Company Limited (Registered number: 03081648)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 99,625 74,240
Other debtors 4,314 1,269
103,939 75,509

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 3,604 -
Taxation and social security 26,234 22,848
Other creditors 3,254 3,563
33,092 26,411

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
Mr D J Carter
Balance outstanding at start of year 119 -
Amounts advanced - 119
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 119 119

Mr J A Carter
Balance outstanding at start of year 145 -
Amounts advanced 3,000 145
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,145 145

The £3,000 advance above was made to the director's personal account in error on 29/8/24 and was repaid to the company on 6/9/24.