REGISTERED NUMBER: 03293897 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HERON SUPPLIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

W G Rayson

REGISTERED OFFICE:

2nd Floor, Boulton House

17-21 Chorlton Street

Manchester

M1 3HY

REGISTERED NUMBER:

03293897 (England and Wales)

ACCOUNTANTS:

Connaughton & Co

2nd Floor, Boulton House

17-21 Chorlton Street

Manchester

M1 3HY

FIXED ASSETS

Tangible assets

4

55,678

74,235

CURRENT ASSETS

Stocks

219,426

253,892

Debtors

5

856,892

861,114

Cash at bank and in hand

9,733

13,545

1,086,051

1,128,551

CREDITORS

Amounts falling due within one year

6

779,172

764,032

NET CURRENT ASSETS

306,879

364,519

TOTAL ASSETS LESS CURRENT LIABILITIES

362,557

438,754

CREDITORS

Amounts falling due after more than one year

7

(19,328

)

(63,620

)

PROVISIONS FOR LIABILITIES

10

(4,282

)

(7,406

)

NET ASSETS

338,947

367,728

CAPITAL AND RESERVES

Called up share capital

11

2,002

2,002

Retained earnings

12

336,945

365,726

SHAREHOLDERS' FUNDS

338,947

367,728

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 26 September 2025 and were signed by:

W G Rayson - Director

1.	STATUTORY INFORMATION

Heron Supplies 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Invoice discounting

The company's sales ledger is maintained by WeDo Finance Limited. Separate presentation has been adopted, with gross debts being included within current assets, and the proceeds from the factor being included within creditors falling due within one year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Leasehold

Plant and

Motor

Computer

improvements

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

21,746

94,207

82,849

39,941

238,743

DEPRECIATION

At 1 January 2024

20,382

89,649

20,555

33,922

164,508

Charge for year

341

1,139

15,573

1,504

18,557

At 31 December 2024

20,723

90,788

36,128

35,426

183,065

NET BOOK VALUE

At 31 December 2024

1,023

3,419

46,721

4,515

55,678

At 31 December 2023

1,364

4,558

62,294

6,019

74,235

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

57,349

6,580

63,929

DEPRECIATION

At 1 January 2024

2,618

1,234

3,852

Charge for year

13,683

1,336

15,019

At 31 December 2024

16,301

2,570

18,871

NET BOOK VALUE

At 31 December 2024

41,048

4,010

45,058

At 31 December 2023

54,731

5,346

60,077

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

319,908

321,480

Amounts owed by group undertakings

527,637

527,637

Prepayments

9,347

11,997

856,892

861,114

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts (see note 8)

17,304

51,913

Other loans (see note 8)

12,773

17,107

Hire purchase contracts

16,710

20,452

Trade creditors

308,844

322,863

Amounts owed to associates

75,754

57,813

Tax

9,009

18,219

Social security and other taxes

11,736

7,587

VAT

33,940

29,026

Other creditors

286,221

233,290

Business cards

2,021

1,330

Wages control

-

817

Accrued expenses

4,860

3,615

779,172

764,032

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans (see note 8)

-

17,304

Other loans (see note 8)

-

12,773

Hire purchase contracts

19,328

33,543

19,328

63,620

8.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due within one year or on demand:

Bank loans

17,304

51,913

Other loans

12,773

17,107

30,077

69,020

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

17,304

Other loans - 1-2 years

-

12,773

-

30,077

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Other loans

12,773

29,880

Factored debts

285,015

232,014

297,788

261,894

The other loans are secured by a fixed and floating charge over all the undertakings of the company.

Included within other creditors are factored debts of £285,015 (31.12.23 - £232,014). The debts are secured over the trade debtors of the company.

10.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

4,282

7,406

Deferred

tax

£

Balance at 1 January 2024

7,406

Accelerated capital allowances

(3,124

)

Balance at 31 December 2024

4,282

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

2

Ordinary

£1

2

2

2,000

"B" Ordinary

£1

2,000

2,000

2,002

2,002

12.

RESERVES

Retained

earnings

£

At 1 January 2024

365,726

Profit for the year

1,219

Dividends

(30,000

)

At 31 December 2024

336,945