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REGISTERED NUMBER: NI049176 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

M Herron Ltd

M Herron Ltd (Registered number: NI049176)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M Herron Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTOR: Mr M Herron





SECRETARY: Mrs E Herron





REGISTERED OFFICE: 2nd Floor, Corner House
64-66A Mainstreet
COALISLAND
Co. Tyrone
BT71 4NB





REGISTERED NUMBER: NI049176 (Northern Ireland)





ACCOUNTANTS: Gildernew & Co Ltd
Six Northland Row
DUNGANNON
Co. Tyrone
BT71 6AW

M Herron Ltd (Registered number: NI049176)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 60,685 65,454

CURRENT ASSETS
Debtors 5 250,915 273,248
Cash at bank 31,357 36,269
282,272 309,517
CREDITORS
Amounts falling due within one year 6 169,583 215,406
NET CURRENT ASSETS 112,689 94,111
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,374

159,565

CREDITORS
Amounts falling due after more than one
year

7

(1,794

)

(12,234

)

PROVISIONS FOR LIABILITIES (573 ) (689 )
NET ASSETS 171,007 146,642

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 171,006 146,641
171,007 146,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

M Herron Ltd (Registered number: NI049176)

Balance Sheet - continued
31 March 2025


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 director and authorised for issue on 18 July 2025 and were signed by:





Mr M Herron - Director


M Herron Ltd (Registered number: NI049176)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

M Herron Ltd is a private company, limited by shares , registered in Northern Ireland. 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.
Land and buildings - 5% on cost
Plant and machinery etc - 20% reducing balance and 15% on cost

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.

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.

M Herron Ltd (Registered number: NI049176)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and Computer
improvements fittings equipment Totals
£    £    £    £   
COST
At 1 April 2024
and 31 March 2025 71,483 86,888 11,175 169,546
DEPRECIATION
At 1 April 2024 11,437 85,241 7,414 104,092
Charge for year 3,574 329 866 4,769
At 31 March 2025 15,011 85,570 8,280 108,861
NET BOOK VALUE
At 31 March 2025 56,472 1,318 2,895 60,685
At 31 March 2024 60,046 1,647 3,761 65,454

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 247,323 269,140
Prepayments 3,592 4,108
250,915 273,248

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 10,440 10,183
Trade creditors 117,566 156,812
Tax 747 74
Social security and other taxes 2,598 1,932
VAT 24,467 23,886
Other creditors 283 140
Directors' loan accounts 7,732 16,179
Accruals and deferred income 5,750 6,200
169,583 215,406

M Herron Ltd (Registered number: NI049176)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans - 1-2 years - 10,440
Bank loans - 2-5 years 1,794 1,794
1,794 12,234