Registration number: 05261706

Shortwood Dairy Limited

Contents

Company Information	1
Balance Sheet	2 to 4
Notes to the Unaudited Financial Statements	5 to 8

Shortwood Dairy Limited

Company Information

Directors

Mr J R Edge Mrs S E Edge

Registered office

Shortwood Farm Standon Stafford Staffordshire ST21 6RG

Accountants

Howsons (Stoke) Limited Chartered AccountantsWinton House Stoke Road Stoke on Trent Staffordshire ST4 2RW

Shortwood Dairy Limited

(Registration number: 05261706)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	483,117	487,418
Current assets
Stocks	5	450,723	416,111
Debtors	6	193,184	176,400
Cash at bank and in hand		6,737	25,938
		650,644	618,449
Creditors: Amounts falling due within one year	7	(278,253)	(185,814)
Net current assets		372,391	432,635
Total assets less current liabilities		855,508	920,053
Creditors: Amounts falling due after more than one year	7	(291,844)	(313,838)
Provisions for liabilities		(34,000)	(30,000)
Net assets		529,664	576,215
Capital and reserves
Called up share capital		200	200
Retained earnings		529,464	576,015
Shareholders' funds		529,664	576,215

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Shortwood Dairy Limited

(Registration number: 05261706)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 22 December 2025 and signed on its behalf by:
 

......................................... Mr J R Edge Director

......................................... Mrs S E Edge Director

Shortwood Dairy Limited

(Registration number: 05261706)
Balance Sheet as at 31 March 2025

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.

Shortwood Dairy Limited

Notes to the Unaudited 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:
Shortwood Farm
Standon
Stafford
Staffordshire
ST21 6RG

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

The company's presentational currency is pound sterling (£). The accounts are rounded to the nearest whole pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Shortwood Dairy Limited

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

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance basis
Tractors	15% reducing balance basis
Motor vehicles	20% reducing balance basis

Investment property

Investment property is valued at fair value

Financial instruments

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 Recognition and measurement
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit and loss.

 Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.

Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 5).

Shortwood Dairy Limited

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

4	Tangible assets

	Land and buildings £	Motor vehicles and tractors £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2024	331,878	135,395	220,702	687,975
Additions	16,207	-	3,860	20,067
At 31 March 2025	348,085	135,395	224,562	708,042
Depreciation
At 1 April 2024	-	38,726	161,831	200,557
Charge for the year	-	15,198	9,170	24,368
At 31 March 2025	-	53,924	171,001	224,925
Carrying amount
At 31 March 2025	348,085	81,471	53,561	483,117
At 31 March 2024	331,878	96,669	58,871	487,418

5

Stocks

	2025 £	2024 £
Herd revalued as stock	440,000	408,000
Other inventories	10,723	8,111
	450,723	416,111

6

Debtors

	2025 £	2024 £
Trade debtors	117,138	96,820
Other debtors	76,046	79,580
	193,184	176,400

Shortwood Dairy Limited

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

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	8	84,362	65,257
Trade creditors		139,944	90,103
Other creditors		53,947	30,454
		278,253	185,814
Due after one year
Loans and borrowings	8	291,844	313,838

8	Loans and borrowings

	2025 £	2024 £
Non-current loans and borrowings
Bank borrowings	216,078	242,443
Hire purchase	75,766	71,395
	291,844	313,838

	2025 £	2024 £
Current loans and borrowings
Bank borrowings	26,600	25,108
Hire purchase	57,762	40,149
	84,362	65,257