IRIS Accounts Production v25.1.4.42 10701956 Board of Directors 1.1.24 31.12.24 31.12.24 17.7.25 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh107019562023-12-31107019562024-12-31107019562024-01-012024-12-31107019562022-12-31107019562023-01-012023-12-31107019562023-12-3110701956ns15:EnglandWales2024-01-012024-12-3110701956ns14:PoundSterling2024-01-012024-12-3110701956ns10:Director12024-01-012024-12-3110701956ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3110701956ns10:SmallEntities2024-01-012024-12-3110701956ns10:Audited2024-01-012024-12-3110701956ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3110701956ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3110701956ns10:FullAccounts2024-01-012024-12-3110701956ns10:OrdinaryShareClass12024-01-012024-12-3110701956ns10:Director22024-01-012024-12-3110701956ns10:Director32024-01-012024-12-3110701956ns10:Director42024-01-012024-12-3110701956ns10:Director52024-01-012024-12-3110701956ns10:RegisteredOffice2024-01-012024-12-3110701956ns5:CurrentFinancialInstruments2024-12-3110701956ns5:CurrentFinancialInstruments2023-12-3110701956ns5:Non-currentFinancialInstruments2024-12-3110701956ns5:Non-currentFinancialInstruments2023-12-3110701956ns5:ShareCapital2024-12-3110701956ns5:ShareCapital2023-12-3110701956ns5:RetainedEarningsAccumulatedLosses2024-12-3110701956ns5:RetainedEarningsAccumulatedLosses2023-12-3110701956ns5:PlantMachinery2024-01-012024-12-3110701956ns5:PlantMachinery2023-12-3110701956ns5:PlantMachinery2024-12-3110701956ns5:PlantMachinery2023-12-3110701956ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3110701956ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-01-012024-12-3110701956ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-12-3110701956ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3110701956ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3110701956ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3110701956ns5:AcceleratedTaxDepreciationDeferredTax2024-12-3110701956ns5:AcceleratedTaxDepreciationDeferredTax2023-12-3110701956ns5:TaxLossesCarry-forwardsDeferredTax2024-12-3110701956ns5:TaxLossesCarry-forwardsDeferredTax2023-12-3110701956ns5:DeferredTaxation2023-12-3110701956ns5:DeferredTaxation2024-01-012024-12-3110701956ns5:DeferredTaxation2024-12-3110701956ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 10701956 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

COUNTY FOOD INGREDIENTS LTD

COUNTY FOOD INGREDIENTS LTD (REGISTERED NUMBER: 10701956)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 7


COUNTY FOOD INGREDIENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: Mr J N Langslow
Mr P White
Mr D Murphy
Mr V Danchev
Mr A D Davies



REGISTERED OFFICE: Dean Court
85 Adlington Road
Wilmslow
Cheshire
SK9 2BT



REGISTERED NUMBER: 10701956 (England and Wales)



SENIOR STATUTORY AUDITOR: Benjamin Furness



AUDITORS: Allens Accountants Limited
Registered Auditors and
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

COUNTY FOOD INGREDIENTS LTD (REGISTERED NUMBER: 10701956)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,683,844 2,579,768

CURRENT ASSETS
Stocks 443,862 425,087
Debtors 6 417,336 451,995
Cash at bank and in hand 3,035 19,089
864,233 896,171
CREDITORS
Amounts falling due within one year 7 3,924,483 4,009,112
NET CURRENT LIABILITIES (3,060,250 ) (3,112,941 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(376,406

)

(533,173

)

CREDITORS
Amounts falling due after more than one
year

8

(183,229

)

(251,945

)

PROVISIONS FOR LIABILITIES 10 (73,656 ) (7,150 )
NET LIABILITIES (633,291 ) (792,268 )

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings (633,292 ) (792,269 )
SHAREHOLDERS' FUNDS (633,291 ) (792,268 )

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 Board of Directors and authorised for issue on 17th July 2025 and were signed on its behalf by:





Mr J N Langslow - Director


COUNTY FOOD INGREDIENTS LTD (REGISTERED NUMBER: 10701956)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

County Food Ingredients Ltd 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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence to the end of its performance contract. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

i) the Company has transferred the significant risks and rewards of ownership to the buyer;
ii) the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
iii) the amount of turnover can be measured reliably;
iv) it is probable that the Company will receive the consideration due under the transaction and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 - 33% on cost, 15% on reducing balance and 10% on cost

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.


COUNTY FOOD INGREDIENTS LTD (REGISTERED NUMBER: 10701956)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 65 (2023 - 61 ) .

4. AUDITORS' REMUNERATION
2024 2023
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

7,500

7,000

COUNTY FOOD INGREDIENTS LTD (REGISTERED NUMBER: 10701956)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2024 3,632,443
Additions 473,095
At 31st December 2024 4,105,538
DEPRECIATION
At 1st January 2024 1,052,675
Charge for year 369,019
At 31st December 2024 1,421,694
NET BOOK VALUE
At 31st December 2024 2,683,844
At 31st December 2023 2,579,768

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

Plant and
machinery
etc
£   
COST
At 1st January 2024
and 31st December 2024 458,082
DEPRECIATION
At 1st January 2024 45,808
Charge for year 45,808
At 31st December 2024 91,616
NET BOOK VALUE
At 31st December 2024 366,466
At 31st December 2023 412,274

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 58,056 108,251
Amounts owed by group undertakings 14,203 -
Other debtors 345,077 343,744
417,336 451,995

COUNTY FOOD INGREDIENTS LTD (REGISTERED NUMBER: 10701956)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 68,676 68,672
Trade creditors 106,805 325,572
Amounts owed to group undertakings 3,558,259 3,502,825
Taxation and social security 39,211 35,296
Other creditors 151,532 76,747
3,924,483 4,009,112

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 183,229 251,945

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 251,905 320,617

The finance leases are secured upon the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 476,525 483,104
Tax losses carried forward (402,869 ) (475,954 )
73,656 7,150

Deferred
tax
£   
Balance at 1st January 2024 7,150
Provided during year 66,506
Balance at 31st December 2024 73,656

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

COUNTY FOOD INGREDIENTS LTD (REGISTERED NUMBER: 10701956)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Benjamin Furness (Senior Statutory Auditor)
for and on behalf of Allens Accountants Limited

13. ULTIMATE CONTROLLING PARTY

The company's ultimate parent undertaking is County Milk Products Limited a company registered in England & Wales, registered office 85 Adlington Road, Wilmslow, Cheshire, SK9 2BT company number 02873177 for which group accounts are prepared .