REGISTERED NUMBER: NI049176 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

M Herron Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M Herron

REGISTERED OFFICE:

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

FIXED ASSETS

Tangible assets

4

55,979

60,685

CURRENT ASSETS

Debtors

5

293,859

250,915

Cash at bank

65,421

31,357

359,280

282,272

CREDITORS

Amounts falling due within one year

6

215,138

169,583

NET CURRENT ASSETS

144,142

112,689

TOTAL ASSETS LESS CURRENT LIABILITIES

200,121

173,374

CREDITORS

Amounts falling due after more than one year

7

-

(1,794

)

PROVISIONS FOR LIABILITIES

(525

)

(573

)

NET ASSETS

199,596

171,007

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

199,595

171,006

199,596

171,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 20 August 2026 and were signed by:

Mr M Herron - Director

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

and

Computer

improvements

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2025

and 31 March 2026

71,483

86,888

11,175

169,546

DEPRECIATION

At 1 April 2025

15,011

85,570

8,280

108,861

Charge for year

3,575

264

867

4,706

At 31 March 2026

18,586

85,834

9,147

113,567

NET BOOK VALUE

At 31 March 2026

52,897

1,054

2,028

55,979

At 31 March 2025

56,472

1,318

2,895

60,685

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

287,530

247,323

Prepayments

6,329

3,592

293,859

250,915

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

1,771

10,440

Trade creditors

170,208

117,566

Tax

2,700

747

Social security and other taxes

720

2,598

VAT

28,519

24,467

Other creditors

256

283

Directors' loan accounts

1,714

7,732

Accruals and deferred income

9,250

5,750

215,138

169,583

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans - 2-5 years

-

1,794