J&A Herd Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08595477

J&A Herd Limited

Filleted Unaudited Financial Statements

31 October 2025

J&A Herd Limited

Financial Statements

Period from 1 August 2024 to 31 October 2025

Contents	Page

Officers and professional advisers	1

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

J&A Herd Limited

Officers and Professional Advisers

The board of directors	Mr J Herd
	Mrs A Herd

Registered office	Old Grand Garage
	Thornton Road
	Morecambe
	Lancashire

Accountants	Riverside Accountancy Lancaster Limited
	Chartered accountants
	Suite 2, 2 Mannin Way
	Lancaster Business Park
	Caton Road
	Lancaster
	LA1 3SU

Bankers	The Co-operative Bank
	P O Box 250
	Skelmersdale
	WN8 6WT

J&A Herd Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of J&A Herd Limited

Period from 1 August 2024 to 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J&A Herd Limited for the Period ended 31 October 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of J&A Herd Limited, as a body, in accordance with the terms of our engagement letter dated 11 November 2020. Our work has been undertaken solely to prepare for your approval the financial statements of J&A Herd Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J&A Herd Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J&A Herd Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J&A Herd Limited. You consider that J&A Herd Limited is exempt from the statutory audit requirement for the Period. We have not been instructed to carry out an audit or a review of the financial statements of J&A Herd Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Riverside Accountancy Lancaster Limited Chartered accountants

Suite 2, 2 Mannin Way Lancaster Business Park Caton Road Lancaster LA1 3SU

31 May 2026

J&A Herd Limited

Statement of Financial Position

31 October 2025

	31 Oct 25	31 Jul 24
Note	£	£

Fixed assets

Intangible assets	5	–	20,000
Tangible assets	6	–	14,864
		----	--------
		–	34,864

Current assets

Stocks		–	40,361
Debtors	7	3,494	8,767
Cash at bank and in hand		156,909	6,433
		---------	--------
		160,403	55,561

Creditors: amounts falling due within one year	8	41,122	56,479
		---------	--------
Net current assets/(liabilities)		119,281	( 918)
		---------	--------
Total assets less current liabilities		119,281	33,946
		---------	--------
Net assets		119,281	33,946
		---------	--------

Capital and reserves

Called up share capital	9	100	100
Other reserves		26,000	26,000
Profit and loss account		93,181	7,846
		---------	--------
Shareholders funds		119,281	33,946
		---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the Period ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

J&A Herd Limited

Statement of Financial Position (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 31 May 2026 , and are signed on behalf of the board by:

Mr J Herd

Director

Company registration number: 08595477

J&A Herd Limited

Notes to the Financial Statements

Period from 1 August 2024 to 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Old Grand Garage, Thornton Road, Morecambe, Lancashire.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have been rounded to the nearest £1.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - to the commercial value of the retail trade.

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	10% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the Period amounted to 9 (2024: 11 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 August 2024	20,000
Additions	–
Disposals	( 20,000)
	--------
At 31 October 2025	–
	--------
Amortisation
At 1 August 2024 and 31 October 2025	–
	--------
Carrying amount
At 31 October 2025	–
	--------
At 31 July 2024	20,000
	--------

6. Tangible assets

	Fixtures and fittings
	£
Cost
At 1 August 2024	26,406
Disposals	( 26,406)
	--------
At 31 October 2025	–
	--------
Depreciation
At 1 August 2024	11,542
Disposals	( 11,542)
	--------
At 31 October 2025	–
	--------
Carrying amount
At 31 October 2025	–
	--------
At 31 July 2024	14,864
	--------

7. Debtors

	31 Oct 25	31 Jul 24
	£	£
Trade debtors	–	3,431
Other debtors	3,494	5,336
	-------	-------
	3,494	8,767
	-------	-------

8. Creditors: amounts falling due within one year

	31 Oct 25	31 Jul 24
	£	£
Trade creditors	–	31,396
Social security and other taxes	38,956	13,708
Other creditors	2,166	11,375
	--------	--------
	41,122	56,479
	--------	--------

9. Called up share capital

Authorised share capital

	31 Oct 25		31 Jul 24
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

Issued, called up and fully paid

	31 Oct 25		31 Jul 24
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	31 Oct 25	31 Jul 24
	£	£
Not later than 1 year	–	9,000
	----	-------

11. Directors' advances, credits and guarantees

During the Period the directors entered into the following advances and credits with the company:

	31 Oct 25
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr J Herd	( 4,167)	41,226	( 37,367)	( 308)
Mrs A Herd	( 4,167)	41,227	( 37,368)	( 308)
	-------	--------	--------	----
	( 8,334)	82,453	( 74,735)	( 616)
	-------	--------	--------	----

	31 Jul 24
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr J Herd	( 6,539)	21,858	( 19,486)	( 4,167)
Mrs A Herd	( 6,539)	21,858	( 19,486)	( 4,167)
	--------	--------	--------	-------
	( 13,078)	43,716	( 38,972)	( 8,334)
	--------	--------	--------	-------

12. Related party transactions

During the year, the company paid an entity, which the directors have an interest in, £9,000 (2024: - £9,000).

13. Controlling party

The company is controlled by its directors.