J & S Dairying Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11808689 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

J & S DAIRYING LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

306,267

182,342

CURRENT ASSETS

Stocks

34,000

-

Cash at bank

170,819

100,556

204,819

100,556

CREDITORS

Amounts falling due within one year

5

168,056

74,608

NET CURRENT ASSETS

36,763

25,948

TOTAL ASSETS LESS CURRENT
LIABILITIES

343,030

208,290

CREDITORS

Amounts falling due after more than
one year

6

178,250

105,833

NET ASSETS

164,780

102,457

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

164,680

102,357

SHAREHOLDERS' FUNDS

164,780

102,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 24 April 2026 and were signed on its behalf by:

J M Lord - Director

1.	STATUTORY INFORMATION

J & S Dairying Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11808689

Registered office:

Bellaport Lodge Cottage

Bearstone Road

Norton-In-Hales

Market Drayron

Shropshire

TF9 4AP

The presentation currency of the financial statements is the Pound Sterling (£).

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.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

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.

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.

Financial assets and liabilities are offset , with the net amounts presented in the financial statement when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

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 , bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

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

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

Herd

machinery

fittings

equipment

Totals

£

COST

At 1 March 2025

83,250

144,966

1,889

543

230,648

Additions

108,450

39,395

-

823

148,668

Disposals

-

(17,500

)

-

(17,500

)

At 28 February 2026

191,700

166,861

1,889

1,366

361,816

DEPRECIATION

At 1 March 2025

-

47,634

236

436

48,306

Charge for year

-

19,460

49

210

19,719

Eliminated on disposal

-

(12,476

)

-

(12,476

)

At 28 February 2026

-

54,618

285

646

55,549

NET BOOK VALUE

At 28 February 2026

191,700

112,243

1,604

720

306,267

At 28 February 2025

83,250

97,332

1,653

107

182,342

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

Bank loans and overdrafts (see note 7)

24,147

10,000

Trade creditors

-

19,050

Accruals

1,512

1,513

Tax

760

Social security and other taxes

42,862

10,448

VAT

13,618

13,174

Directors' current accounts

85,157

19,663

168,056

74,608

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

28.2.26

28.2.25

£

Other loans (see note 7)

78,250

5,833

Directors capital account

100,000

178,250

105,833

7.

LOANS

An analysis of the maturity of loans is given below:

28.2.26

28.2.25

£

Amounts falling due within one year or on demand:

Bank loan

24,147

10,000

Amounts falling due between one and two years:

Bank loan

78,250

5,833

The amount of £6,667 (2025: £15,833) included in creditors is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.

The bank loan is secured by way of a fixed and floating charge dated 23 October 2025 over all assets.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.26

28.2.25

value:

£

99

Ordinary

£1

100

99

1

A ordinary

£1

-

1

100