REGISTERED NUMBER: 06942470 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

FOR

SEVERN VALLEY LAMB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R. A. Pritchard

Mr T H Pritchard

REGISTERED OFFICE:

Newtown Abattoir

Stafford road

Bloxwich

WS6 6AY

REGISTERED NUMBER:

06942470 (England and Wales)

ACCOUNTANTS:

Stanton Ralph & Co Limited

Chartered Accountants

The Old Police Station

Whitburn Street

Bridgnorth

Shropshire

WV16 4QP

FIXED ASSETS

1,112,111

Tangible assets

4

1,159,760

CURRENT ASSETS

55,214

Stocks

76,968

174,573

Debtors

5

243,257

122,525

Cash at bank and in hand

280,533

352,312

600,758

CREDITORS

336,438

Amounts falling due within one year

6

407,865

15,874

NET CURRENT ASSETS

192,893

1,127,985

TOTAL ASSETS LESS CURRENT LIABILITIES

1,352,653

CREDITORS

(364,077

)

Amounts falling due after more than one year

7

(255,346

)

(130,659

)

PROVISIONS FOR LIABILITIES

(131,494

)

633,249

NET ASSETS

965,813

CAPITAL AND RESERVES

100

Called up share capital

9

100

633,149

Retained earnings

965,713

633,249

SHAREHOLDERS' FUNDS

965,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 29th May 2026 and were signed on its behalf by:

Mr T H Pritchard - Director

1.	STATUTORY INFORMATION

Severn Valley Lamb Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Revenue grants received

Revenue grants received are credited to the profit and loss in line with related expenditure.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2025 - 38 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Totals

property

machinery

vehicles

£

£

£

£

COST

At 1st April 2025

1,491,870

634,376

714,386

143,108

Additions

129,528

-

69,250

60,278

At 31st March 2026

1,621,398

634,376

783,636

203,386

DEPRECIATION

At 1st April 2025

379,759

-

353,515

26,244

Charge for year

81,879

-

58,596

23,283

At 31st March 2026

461,638

-

412,111

49,527

NET BOOK VALUE

At 31st March 2026

1,159,760

634,376

371,525

153,859

At 31st March 2025

1,112,111

634,376

360,871

116,864

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st April 2025

54,500

Additions

49,278

Transfer to ownership

(54,500

)

At 31st March 2026

49,278

DEPRECIATION

At 1st April 2025

14,545

Charge for year

10,921

Transfer to ownership

(20,538

)

At 31st March 2026

4,928

NET BOOK VALUE

At 31st March 2026

44,350

At 31st March 2025

39,955

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

187,052

122,601

Other debtors

-

3,658

Tax and Social Security

12,342

26,299

Directors' current accounts

32,147

-

Prepayments

11,716

22,015

243,257

174,573

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

18,264

43,594

Other loans

-

25,195

Hire purchase contracts

10,439

8,650

Trade creditors

197,178

201,416

Amounts owed to group undertakings

3,114

3,424

Tax

110,179

-

Social security and other taxes

22,616

13,125

Other creditors

12,921

14,106

Accrued expenses

33,154

26,928

407,865

336,438

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans - 1-2 years

18,882

17,510

Bank loans - 2-5 years

50,309

51,522

Bank loans more 5 yr by instal

154,209

173,836

Other loans - 1-2 years

-

27,286

Other loans - 2-5 years

-

93,923

Hire purchase contracts

31,946

-

255,346

364,077

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

154,209

173,836

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank loans

241,664

259,779

The company's bankers hold a fixed and floating charge over the company's assets.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the 31st March 2026 Mr R A Pritchard owed the Company £32,147. This was repaid in full on 26th May 2026