Direct Milk Supplies Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 00920298

		2024		2023 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		979,180		854,919

			979,180		854,919
CURRENT ASSETS
Stocks	5	170,708		172,322
Debtors	6	1,631,862		1,573,574
Cash at bank and in hand		977,107		1,880,562

		2,779,677		3,626,458
Creditors: Amounts Falling Due Within One Year	7	(1,429,248 )		(1,168,461 )

NET CURRENT ASSETS (LIABILITIES)			1,350,429		2,457,997

TOTAL ASSETS LESS CURRENT LIABILITIES			2,329,609		3,312,916

Creditors: Amounts Falling Due After More Than One Year	8		(21,389 )		-

NET ASSETS			2,308,220		3,312,916

CAPITAL AND RESERVES
Called up share capital	10		2,625		2,625
Fair value reserve			803,790		803,790
Profit and Loss Account			1,501,805		2,506,501

SHAREHOLDERS' FUNDS			2,308,220		3,312,916

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Direct Milk Supplies 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 Alexander James Jenkins

Director

23 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Direct Milk Supplies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00920298 . The registered office is North Medburn Farm, Watling Street, Elstree, Hertfordshire, WD6 3AA.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.2. 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.

2.3. 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:

Buildings	20 years straight line
Plant & Machinery	3 years straight line
Motor Vehicles	4 years straight line
Computer Equipment	3 years straight line

2.4. 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.

2.5. 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.

2.6. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price including transaction costs.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities.

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Direct Milk Supplies Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Taxation

Tax is recognised in profit or loss except that a charge is attributable to an item of income and expense recognised as other comphrehensive income or to an item recognised directly in equity is also recognised in other comphrehensive income or directly in equity respectively.

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

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 29 (2023: 29)

4. Tangible Assets

	Land & Property
	Buildings	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	1,140,736	1,025,229	25,250	-	2,191,215
Additions	-	10,640	171,899	1,748	184,287

As at 31 December 2024	1,140,736	1,035,869	197,149	1,748	2,375,502

Depreciation
As at 1 January 2024	323,423	987,623	25,250	-	1,336,296
Provided during the period	40,872	14,125	4,907	122	60,026

As at 31 December 2024	364,295	1,001,748	30,157	122	1,396,322

Net Book Value
As at 31 December 2024	776,441	34,121	166,992	1,626	979,180

As at 1 January 2024	817,313	37,606	-	-	854,919

5. Stocks

	2024	2023 as restated
	£	£
Stock	170,708	172,322

6. Debtors

	2024	2023 as restated
	£	£
Due within one year
Trade debtors	1,566,416	1,505,567
Prepayments and accrued income	-	5,000
Other debtors	2,446	13,000
VAT	57,190	50,007
Net wages	5,810	-

	1,631,862	1,573,574

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Direct Milk Supplies Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	11,667	-
Trade creditors	930,062	957,638
Corporation tax	126,309	181,018
Other taxes and social security	31,553	-
Other creditors	5,153	-
Accruals and deferred income	324,504	29,805

	1,429,248	1,168,461

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

	2024	2023 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	21,389	-

9. Obligations Under Finance Leases and Hire Purchase

	2024	2023 as restated
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	11,667	-
Later than one year and not later than five years	21,389	-

	33,056	-

	33,056	-

10. Share Capital

	2024	2023 as restated
	£	£
Allotted, Called up and fully paid	2,625	2,625

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