Salcombe Dairy (UK) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 06163893

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		179,859		289,439

			179,859		289,439
CURRENT ASSETS
Stocks	6	336,907		377,666
Debtors	7	210,590		298,987
Cash at bank and in hand		107,915		38,376

		655,412		715,029
Creditors: Amounts Falling Due Within One Year	8	(730,665 )		(613,482 )

NET CURRENT ASSETS (LIABILITIES)			(75,253 )		101,547

TOTAL ASSETS LESS CURRENT LIABILITIES			104,606		390,986

Creditors: Amounts Falling Due After More Than One Year	9		(164,353 )		(377,421 )

NET (LIABILITIES)/ASSETS			(59,747 )		13,565

CAPITAL AND RESERVES
Called up share capital	11		2,235		2,235
Profit and Loss Account			(61,982 )		11,330

SHAREHOLDERS' FUNDS			(59,747)		13,565

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Salcombe Dairy (UK) Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Daniel Robert John Bly

Director

26th September 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Salcombe Dairy (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06163893 . The registered office is Salcombe Dairy, Shadycombe Road, Salcombe, Devon, TQ8 8DX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	33.33% Straight line
Plant & Machinery	25% Straight line
Motor Vehicles	25% Straight line
Fixtures & Fittings	15% Straight line
Computer Equipment	15% Straight line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Salcombe Dairy (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 55 (2023: 55)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	139,653

As at 31 December 2024	139,653

Amortisation
As at 1 January 2024	139,653

As at 31 December 2024	139,653

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	-

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2024	39,979	461,119	175,725	444,166
Additions	-	6,549	-	12,632

As at 31 December 2024	39,979	467,668	175,725	456,798

Depreciation
As at 1 January 2024	35,800	292,866	123,977	379,889
Provided during the period	4,179	66,528	32,847	25,011

As at 31 December 2024	39,979	359,394	156,824	404,900

Net Book Value
As at 31 December 2024	-	108,274	18,901	51,898

As at 1 January 2024	4,179	168,253	51,748	64,277

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Salcombe Dairy (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2024	1,309	1,122,298
Additions	-	19,181

As at 31 December 2024	1,309	1,141,479

Depreciation
As at 1 January 2024	327	832,859
Provided during the period	196	128,761

As at 31 December 2024	523	961,620

Net Book Value
As at 31 December 2024	786	179,859

As at 1 January 2024	982	289,439

6. Stocks

	2024	2023
	£	£
Stock	336,907	377,666

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	178,201	274,410
Prepayments and accrued income	24,645	17,427
Other debtors	7,744	7,150

	210,590	298,987

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	24,320	50,323
Trade creditors	132,278	186,404
Bank loans and overdrafts	198,796	256,040
Other loans	188,077	48,077
Other taxes and social security	13,327	14,819
VAT	143,079	54,022
Other creditors	693	2,376
Accruals and deferred income	30,095	1,421

	730,665	613,482

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Salcombe Dairy (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	1,435	25,755
Bank loans	16,666	66,666
Other loans	146,252	285,000

	164,353	377,421

10. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	24,320	50,323
Later than one year and not later than five years	1,435	25,755

	25,755	76,078

	25,755	76,078

11. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2,235	2,235

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