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Company registration number: 14211463

South West Organic Milk Limited
Filleted Annual Report and Financial Statements
for the Year Ended 31 March 2025

South West Organic Milk Limited

Contents

Balance Sheet | 1
Notes to the Financial Statements | 2 to 4

South West Organic Milk Limited

(Registration number: 14211463)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Debtors | 4 | 592,101 | 397,211
Cash at bank and in hand |  | 34,864 | 93,767
|  | 626,965 | 490,978
Creditors: Amounts falling due within one year | 5 | (599,263) | (476,989)
Net assets |  | 27,702 | 13,989
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Profit and loss account |  | 27,701 | 13,988
Total equity |  | 27,702 | 13,989

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 November 2025 and signed on its behalf by:

M Tufton Company secretary and director |  |

South West Organic Milk Limited

Notes to the Financial Statements
for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Goodwood House
Blackbrook Park Avenue
Taunton
TA1 2PX

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling (£).

Turnover recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of milk and the provision of haulage services. Turnover is shown net of VAT and is recognised at the point of dispatch for the sale of milk and the date of services provided for haulage.

Tax

The tax expense for the period comprises current tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

South West Organic Milk Limited

Notes to the Financial Statements
for the Year Ended 31 March 2025

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Reserves

Profit and loss account included all current and prior period profits and losses.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 2 (2024 - 2).

4 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 588,160 | 397,211
Other debtors | 3,941 | -
| 592,101 | 397,211

South West Organic Milk Limited

Notes to the Financial Statements
for the Year Ended 31 March 2025

5 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Trade creditors | 240,889 | 10,361
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 351,373 | 453,259
Taxation and social security | - | 776
Other creditors | 7,001 | 12,593
| 599,263 | 476,989

6 | Related party transactions

The company has taken advantage of the exemption permitted by section 33 Related party disclosure of the FRS 102 standard, not to provide disclosures of transactions and balances entered into with other wholly owned members of the group.

7 | Relationship between entity and parents

The parent of the largest group in which these financial statements are consolidated is A H Warren Trust (Holdings) Limited, incorporated in England and Wales .

The address of A H Warren Trust (Holdings) Limited is:
Coombe Farm
Crewkerne
Somerset
TA18 8RR

8 | Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 28 November 2025 was Matthew Chandler FCA, who signed for and on behalf of Albert Goodman LLP.