REGISTERED NUMBER: 03293897 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2025 TO 30 JUNE 2025

FOR

HERON SUPPLIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

W G Rayson

REGISTERED OFFICE:

1st Floor

4 Jordan Street

Manchester

M15 4PY

REGISTERED NUMBER:

03293897 (England and Wales)

ACCOUNTANTS:

Connaughton & Co

1st Floor

4 Jordan Street

Manchester

M15 4PY

FIXED ASSETS

Tangible assets

4

48,717

55,678

CURRENT ASSETS

Stocks

191,727

219,426

Debtors

5

797,139

856,892

Cash at bank and in hand

2,763

9,733

991,629

1,086,051

CREDITORS

Amounts falling due within one year

6

671,630

779,172

NET CURRENT ASSETS

319,999

306,879

TOTAL ASSETS LESS CURRENT LIABILITIES

368,716

362,557

CREDITORS

Amounts falling due after more than one year

7

(12,878

)

(19,328

)

PROVISIONS FOR LIABILITIES

10

(4,392

)

(4,282

)

NET ASSETS

351,446

338,947

CAPITAL AND RESERVES

Called up share capital

11

2,002

2,002

Retained earnings

12

349,444

336,945

SHAREHOLDERS' FUNDS

351,446

338,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

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 2 December 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 period 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 period 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 Close Invoice 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 period was 9 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Leasehold

Plant and

Motor

Computer

improvements

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

and 30 June 2025

21,746

94,207

82,849

39,941

238,743

DEPRECIATION

At 1 January 2025

20,723

90,788

36,128

35,426

183,065

Charge for period

128

428

5,840

565

6,961

At 30 June 2025

20,851

91,216

41,968

35,991

190,026

NET BOOK VALUE

At 30 June 2025

895

2,991

40,881

3,950

48,717

At 31 December 2024

1,023

3,419

46,721

4,515

55,678

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 2025

and 30 June 2025

57,349

6,580

63,929

DEPRECIATION

At 1 January 2025

16,301

2,570

18,871

Charge for period

5,131

502

5,633

At 30 June 2025

21,432

3,072

24,504

NET BOOK VALUE

At 30 June 2025

35,917

3,508

39,425

At 31 December 2024

41,048

4,010

45,058

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

31.12.24

£

£

Trade debtors

266,220

319,908

Amounts owed by group undertakings

527,637

527,637

Prepayments

3,282

9,347

797,139

856,892

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

31.12.24

£

£

Bank loans and overdrafts (see note 8)

-

17,304

Other loans (see note 8)

9,849

12,773

Hire purchase contracts

14,181

16,710

Trade creditors

313,283

308,844

Amounts owed to associates

-

75,754

Tax

14,430

9,009

Social security and other taxes

6,164

11,736

VAT

50,536

33,940

Other creditors

252,444

286,221

Business cards

5,189

2,021

Accrued expenses

5,554

4,860

671,630

779,172

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

31.12.24

£

£

Hire purchase contracts

12,878

19,328

8.

LOANS

An analysis of the maturity of loans is given below:

30.6.25

31.12.24

£

£

Amounts falling due within one year or on demand:

Bank loans

-

17,304

Other loans

9,849

12,773

9,849

30,077

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.25

31.12.24

£

£

Other loans

9,849

12,773

Factored debts

251,240

285,015

261,089

297,788

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 £251,240 (31.12.24 - £285,015). The debts are secured over the trade debtors of the company.

10.	PROVISIONS FOR LIABILITIES

30.6.25

31.12.24

£

£

Deferred tax

4,392

4,282

Deferred

tax

£

Balance at 1 January 2025

4,282

Accelerated capital allowances

110

Balance at 30 June 2025

4,392

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

31.12.24

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 2025

336,945

Profit for the period

27,499

Dividends

(15,000

)

At 30 June 2025

349,444