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Company registration number: 04182340
Jacksons Dairies Limited
Financial statements
31 March 2025
Jacksons Dairies Limited
Contents
Directors and other information
Strategic report
Directors report
Independent auditor's report to the members
Statement of comprehensive income
Statement of financial position
Statement of changes in equity
Statement of cash flows
Notes to the financial statements
Jacksons Dairies Limited
Directors and other information

| Directors | Mr Wayne Hughes
|  | Mrs Ann Robinson
|  | Mrs Janet Hughes
| Company number | 04182340
| Registered office | Torkington Hall Dairy
|  | Norbury Hollow Road
|  | Hazel Grove
|  | Stockport
|  | SK7 6NE
| Business address | Torkington Hall Dairy
|  | Norbury Hollow Road
|  | Hazel Grove
|  | Stockport
|  | SK7 6NE
| Auditor | G A Harris & Co Limited
|  | Brulimar House
|  | Jubilee Road
|  | Middleton
|  | Manchester
|  | M24 2LX

| Bankers | Natwest Bank
|  | 180 London Road
|  | Hazel Grove
|  | Cheshire
|  | SK7 4DH

Jacksons Dairies Limited
Strategic report
Year ended 31 March 2025
Fair review of the business & key indicators
Jacksons Dairies Limited operates two principal divisions. The first is its wholesale distribution business, supplying dairy products to retailers, bakeries and other trade customers. The second is its direct-to-consumer doorstep delivery operation.
During the year, the company continued to promote its doorstep business through its mobile app and broadened its product range to support future growth.
Turnover decreased from £14.8 million to £14.2 million. The company incurred a pre tax loss of £726,000 during the year to 31st March 2025. This was partly attributable to bad debts of £272,152, before debt insurance proceeds of £112,500, as detailed in notes 5 and 6.
Profitability was also adversely affected by a reduction in the gross profit margin of approximately 3.5%, principally due to fluctuations in the price of milk during the year.
Following the year end, the directors implemented significant management changes in response to the company's recent trading performance. Ann Robinson retired as Finance Director in October 2025 and Scott Hughes was appointed as a director in December 2025. The new management team has been introduced to bring fresh ideas, improve efficiency and return the business to sustainable profitability.
Principal risks and uncertainties
The principal risks facing the company include fluctuations in milk prices, competitive pressures within the dairy distribution market, customer credit risk and increases in operating costs. The directors continue to monitor these risks and respond appropriately to changing market conditions.
Development and performance
The company will emphasise its commitment to quality assurance standards set by its regulators and quality control in all areas. Regular external audits will ensure all accreditations are in place.
Outlook
Post year end, management has undertaken a review of the company's operations with a view to reducing unnecessary labour and vehicle costs.
The company has also moved away from certain high-volume, low-margin business in favour of lower-volume, higher-margin product lines.
In addition, the company continues to explore further market opportunities and has acquired smaller profitable businesses to diversify its operations and strengthen long-term profitability.
Since the year end, market milk prices have remained at comparatively low levels, which is expected to have a positive impact on the company's gross profit margin. Together with new business secured since the year end and the operational improvements being implemented, the directors believe these developments provide improved opportunities for the company to return to profitability.
Going concern
The directors remain fully committed to the long-term success of the company and continue to support its cash flow and ongoing investment requirements.
Having considered the trading outlook, the operational improvements implemented since the year end and the continued financial support available to the business, the directors consider it appropriate to prepare the financial statements on the going concern basis.
This report was approved by the board of directors on 6 August 2026 and signed on behalf of the board by:
Mr Wayne Hughes
Director
Jacksons Dairies Limited
Directors report
Year ended 31 March 2025
The directors present their report and the financial statements of the company for the year ended 31 March 2025.
Directors
The directors who served the company during the year were as follows:

Mr Wayne Hughes
Mrs Ann Robinson
Mrs Janet Hughes

Dividends
The directors do not recommend the payment of a dividend.
Future developments
Following the year end, the directors have continued to implement measures to improve the company's financial performance. The company has made strategic acquisitions and investments and has diversified its product range towards lower-volume, higher-margin business in order to improve profitability. The lower market price of raw milk since the year end is expected to assist in improving gross profit margins. Following a period of uncertainty, the directors have reduced overhead costs, improved operational efficiencies and secured additional business, which they believe will support a return to profitability.
Financial instruments
Principal risks & uncertainties - see notes in strategic report.
Events after the end of the reporting period
Particulars of events after the reporting period are detailed in the notes to the financial statements.
Disclosure of information in the strategic report.
Details of the company's trading performance for the year ended 31st March 2025, together with its future developments and risk exposure are included in the Strategic Report.
Directors responsibilities statement
The directors are responsible for preparing the strategic report, directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
Each of the persons who is a director at the date of approval of this report confirms that:
- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.
A resolution to reappoint G A Harris & Co Limited as auditor will be proposed at the forthcoming Annual General Meeting.
This report was approved by the board of directors on 06 August 2026 and signed on behalf of the board by:
Mr Wayne Hughes
Director
Jacksons Dairies Limited
Independent auditor's report to the members of
Jacksons Dairies Limited
Year ended 31 March 2025
Opinion
We have audited the financial statements of Jacksons Dairies Limited (the 'company') for the year ended 31 March 2025 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity, statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: - give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its loss for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Material Uncertainty Related to Going Concern
We draw attention to the going concern note, Note 24 in the financial statements and the accounting policy re going concern, which indicate that the company has incurred losses and, as at the balance sheet date, certain events and conditions exist which indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.
As explained in the accounting policies and note 24, the directors have prepared the financial statements on the going concern basis as they consider this to be appropriate, having regard to the forecasts, financing arrangements and other matters described in that note.
Our opinion is not modified in respect of this matter.
Other Information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the strategic report and the directors' report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and the returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Based on our understanding of the company and the industry in which it operates, we identified that the principal risks of non-compliance with laws and regulations relate to the Companies Act 2006, UK taxation legislation, employment legislation and health and safety legislation, together with compliance with the company's financing arrangements. - obtaining an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates; - making enquiries of management and those charged with governance regarding known or suspected instances of fraud, non-compliance with laws and regulations and litigation or claims; - reviewing minutes of meetings of directors and correspondence with regulators where appropriate; - reviewing legal and professional expenses to identify indications of litigation or non-compliance; - testing journal entries and other adjustments, particularly those processed at or near the year end; - assessing the business rationale for significant or unusual transactions; - evaluating accounting estimates and judgements for evidence of management bias; - reviewing related party relationships and transactions; and - performing substantive audit procedures designed to address the assessed risks of material misstatement arising from fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements may not be detected, even though the audit is properly planned and performed in accordance with ISAs (UK). The potential effects of inherent limitations are particularly significant in the case of fraud because fraud may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls. Consequently, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it. In planning and performing our audit we also considered the risks associated with revenue recognition, management override of controls, the valuation of inventory, the recoverability of trade receivables and the assumptions underpinning the directors' going concern assessment, including compliance with banking and other financing arrangements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. we also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditors report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Gary Harris (Senior Statutory Auditor)
For and on behalf of
G A Harris & Co Limited
Chartered Accountants & Statutory Auditor
Brulimar House
Jubilee Road
Middleton
Manchester
M24 2LX
06 August 2026
Jacksons Dairies Limited
Statement of comprehensive income
Year ended 31 March 2025

|  |  |  | 2025 |  | 2024 |  |
|  | Note |  | £ |  | £ |  |
Turnover |  | 4 |  | 14,199,481 |  | 14,780,648 |  |
Cost of sales |  |  |  | ( 11,920,349) |  | ( 11,885,597) |  |
|  |  |  | _______ |  | _______ |  |
Gross profit |  |  |  | 2,279,132 |  | 2,895,051 |  |
Administrative expenses |  |  |  | ( 2,978,184) |  | ( 2,987,578) |  |
Other operating income |  | 5 |  | 112,500 |  | - |  |
|  |  |  | _______ |  | _______ |  |
Operating loss |  | 6 |  | ( 586,552) |  | ( 92,527) |  |
Interest payable and similar expenses |  | 9 |  | ( 139,342) |  | ( 125,444) |  |
Loss before taxation |  |  |  | ( 725,894) |  | ( 217,971) |  |
Tax on loss |  | 10 |  | 180,668 |  | 228,397 |  |
|  |  |  | _______ |  | _______ |  |
(Loss)/profit for the financial year and total comprehensive income |  |  |  | ( 545,226) |  | 10,426 |  |
|  |  |  | _______ |  | _______ |  |

All the activities of the company are from continuing operations.
Jacksons Dairies Limited
Statement of financial position
31 March 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Intangible assets |  | 11 | 20,603 |  |  |  | 20,937 |  |
Tangible assets |  |  | 1,348,043 |  |  |  | 1,467,067 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 1,368,646 |  |  |  | 1,488,004
Current assets |  |  |  |  |  |  |  |  |
Stocks |  | 13 | 76,636 |  |  |  | 142,770 |  |
Debtors |  | 14 | 1,613,512 |  |  |  | 2,218,233 |  |
Cash at bank and in hand |  |  | 9,976 |  |  |  | 27,849 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 1,700,124 |  |  |  | 2,388,852 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 15 | ( 2,724,198) |  |  |  | ( 2,779,022) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current liabilities |  |  |  |  | ( 1,024,074) |  |  |  | ( 390,170)
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 344,572 |  |  |  | 1,097,834
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 16 |  |  | ( 502,580) |  |  |  | ( 529,948)
Provisions for liabilities |  | 18 |  |  | 154,503 |  |  |  | ( 26,165)
|  |  |  |  | _______ |  |  |  | _______
Net (liabilities)/assets |  |  |  |  | ( 3,505) |  |  |  | 541,721
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  | 21 |  |  | 400 |  |  |  | 400
Revaluation reserve |  | 22 |  |  | 350,000 |  |  |  | 350,000
Profit and loss account |  | 22 |  |  | ( 353,905) |  |  |  | 191,321
|  |  |  |  | _______ |  |  |  | _______
Shareholders (deficit)/funds |  |  |  |  | ( 3,505) |  |  |  | 541,721
|  |  |  |  | _______ |  |  |  | _______

These financial statements were approved by the board of directors and authorised for issue on 06 August 2026 , and are signed on behalf of the board by:
Mr Wayne Hughes
Director
Company registration number: 04182340
Jacksons Dairies Limited
Statement of changes in equity
Year ended 31 March 2025

|  | Called up share capital |  | Revaluation reserve |  | Profit and loss account | Total |  |  |
|  | £ |  | £ |  | £ | £ |  |  |
At 1 April 2023 |  | 400 |  | 350,000 |  | 180,895 | 531,295 |  |  |
(Loss)/profit for the year |  |  |  |  |  | 10,426 | 10,426 |  |  |
|  | _______ |  | _______ |  | _______ | _______ |  |  |
Total comprehensive income for the year |  | - |  | - |  | 10,426 | 10,426 |  |  |
|  | _______ |  | _______ |  | _______ | _______ |  |  |
At 31 March 2024 and 1 April 2024 |  | 400 |  | 350,000 |  | 191,321 | 541,721 |  |  |
(Loss)/profit for the year |  |  |  |  |  | ( 545,226) | ( 545,226) |  |  |
|  | _______ |  | _______ |  | _______ | _______ |  |  |
Total comprehensive income for the year |  | - |  | - |  | ( 545,226) | ( 545,226) |  |  |
|  | _______ |  | _______ |  | _______ | _______ |  |  |
At 31 March 2025 |  | 400 |  | 350,000 |  | ( 353,905) | ( 3,505) |  |  |
|  | _______ |  | _______ |  | _______ | _______ |  |  |

Jacksons Dairies Limited
Statement of cash flows
Year ended 31 March 2025

|  | 2025 |  | 2024 |
|  | £ |  | £ |
Cash flows from operating activities |  |  |  |  |
(Loss)/profit for the financial year |  | ( 545,226) |  | 10,426 |
Adjustments for: |  |  |  |  |
Depreciation of tangible assets |  | 426,998 |  | 409,672 |
Amortisation of intangible assets |  | 8,334 |  | 20,734 |
Interest payable and similar expenses |  | 139,342 |  | 125,444 |
Gain/(loss) on disposal of tangible assets |  | ( 9,098) |  | 1,485 |
Tax on loss |  | ( 180,668) |  | ( 228,397) |
Accrued expenses/(income) |  | ( 124,290) |  | ( 74,447) |
Changes in: |  |  |  |  |
Stocks |  | 66,134 |  | 37,405 |
Trade and other debtors |  | 717,221 |  | ( 197,656) |
Trade and other creditors |  | ( 173,340) |  | 365,890 |
|  | _______ |  | _______ |
Cash generated from operations |  | 325,407 |  | 470,556 |
Interest paid |  | ( 139,342) |  | ( 125,444) |
|  | _______ |  | _______ |
Net cash from operating activities |  | 186,065 |  | 345,112 |
|  | _______ |  | _______ |
Cash flows from investing activities |  |  |  |  |
Purchase of tangible assets |  | ( 313,084) |  | ( 163,682) |
Proceeds from sale of tangible assets |  | 14,208 |  | 24,959 |
Purchase of intangible assets |  | ( 8,000) |  | - |
|  | _______ |  | _______ |
Net cash used in investing activities |  | ( 306,876) |  | ( 138,723) |
|  | _______ |  | _______ |
Cash flows from financing activities |  |  |  |  |
Proceeds from borrowings |  | ( 6,506) |  | 35,157 |
Payment of finance lease liabilities |  | 109,444 |  | ( 31,149) |
|  | _______ |  | _______ |
Net cash from financing activities |  | 102,938 |  | 4,008 |
|  | _______ |  | _______ |
Net increase/(decrease) in cash and cash equivalents |  | ( 17,873) |  | 210,397 |
Cash and cash equivalents at beginning of year |  | 27,849 |  | (182,549) |
|  | _______ |  | _______ |
Cash and cash equivalents at end of year |  | 9,976 |  | 27,848 |
|  | _______ |  | _______ |

Jacksons Dairies Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Torkington Hall Dairy, Norbury Hollow Road, Hazel Grove, Stockport, SK7 6NE.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of the glass bottle line..
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
Jacksons Dairies Limited incurred a trading loss during the year ended 31 March 2025.After the year end, the company engaged Scott Hughes as a director together with Ian Southworth as a business consultant. Together, they have implemented a programme of changes aimed at improving the long-term performance of the business. This has included the acquisition of additional businesses, with a greater emphasis on higher-margin customers and products, which has led to improvements to the overall profitability of the company. Numerous cost savings have also been achieved, in staffing and vehicle costs.The directors anticipate that these changes will result in the company returning to profit. They have prepared forecasts and business plans which demonstrate the expected improvement in trading performance and are satisfied that appropriate funding arrangements are in place to support the business.Having considered the forecasts, available funding and the strategic changes implemented within the business, the directors are confident that the company will continue to operate as a going concern and will develop into a profitable and viable business going forward. Accordingly, the financial statements have been prepared on the going concern basis.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make significant judgements, about the carrying value of assets and liabilities that re not readily apparent from other sources. The directors have revalued the glass bottling line in the previous financial year. They do not believe that further revaluation is necessary in this accounting period and have based their value on their experience and knowledge of the sector. Directors are also required to make significant estimates and underlying assumptions relating to depreciation, amortisation, prepayments, accruals and bad debt provisions which are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision effects only that period, or in the period of the revision and future periods where the revision effects both the current and future periods. The estimates and associated assumptions are based on historical experience and other factors that re considered to be relevant. Actual results may vary from these estimates.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill | - | 20 % | straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Leasehold Property Improvements | - | 4 % | straight line
| Plant and machinery | - | 15 % | reducing balance
| Fittings fixtures and equipment | - | 15 % | reducing balance
| Motor vehicles | - | 3 years straight line |
| Computer equipment | - | 25 % | reducing balance

The depreciation rate for motor vehicles has been revised from 25% reducing balance to 3 years straight line. This was necessary as the useful economic life of the vehicles, the majority of which are vans, is only expected to be 3 years. The affect of this change was agreed with the directors and agreed as applicable from 1st April 2023.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Hire purchase and finance leases
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors & creditors and loans from the bank. Debt instruments, (other than those wholly repayable or receivable within one year) including loans, other debtors and creditors and hire purchase agreements are initially measured at the transaction price and subsequently at amortised costs using the effective interest rate method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is identified, a impairment loss is recognised in the statement of comprehensive income.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Turnover
Turnover arises from:

|  |  | 2025 | 2024
|  |  | £ | £
| Sale of goods |  | 14,199,481 | 14,780,648
|  |  | _______ | _______

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
5. Other operating income

|  |  | 2025 | 2024
|  |  | £ | £
| Insurance claims received |  | 112,500 | -
|  |  | _______ | _______

6. Operating loss
Operating loss is stated after charging/(crediting):

|  |  |  | 2025 | 2024
|  |  |  | £ | £
| Amortisation of intangible assets |  |  | 8,334 | 20,734
| Depreciation of tangible assets |  |  | 426,998 | 409,672
| (Gain)/loss on disposal of tangible assets |  |  | ( 9,098) | 1,485
| Impairment of trade debtors |  |  | 272,152 | 101,254
| Fees payable for the audit of the financial statements |  |  | 10,250 | 9,000
|  |  |  | _______ | _______

7. Staff costs
The average number of persons employed by the company during the year, including the directors, amounted to:

|  |  | 2025 | 2024
| Production staff |  | 50 | 49
| Administrative staff |  | 6 | 5
|  |  | _______ | _______
|  |  | 56 | 54
|  |  | _______ | _______

The aggregate payroll costs incurred during the year were:

|  |  | 2025 | 2024
|  |  | £ | £
| Wages and salaries |  | 1,727,379 | 1,602,947
| Social security costs |  | 169,312 | 144,031
| Other pension costs |  | 42,313 | 40,703
|  |  | _______ | _______
|  |  | 1,939,004 | 1,787,681
|  |  | _______ | _______

8. Directors remuneration
The directors aggregate remuneration in respect of qualifying services was:

|  |  | 2025 | 2024
|  |  | £ | £
| Remuneration |  | 22,110 | 24,120
| Company contributions to pension schemes in respect of qualifying services |  | 9,660 | 9,759
|  |  | _______ | _______
|  |  | 31,770 | 33,879
|  |  | _______ | _______

The number of directors who accrued benefits under company pension plans was as follows:

|  |  | 2025 | 2024
|  |  | Number | Number
| Defined contribution plans |  | 2 | 2
|  |  | _______ | _______

9. Interest payable and similar expenses

|  |  |  | 2025 | 2024
|  |  |  | £ | £
| Bank loans and overdrafts |  |  | 7,232 | 13,392
| Other loans made to the company: |  |  |  |
|  | Finance leases and hire purchase contracts |  | 47,493 | 39,731
|  | Factoring loans |  | 84,617 | 72,321
|  |  |  | _______ | _______
|  |  |  | 139,342 | 125,444
|  |  |  | _______ | _______

10. Tax on loss
Major components of tax income

|  |  | 2025 | 2024
|  |  | £ | £
| Deferred tax: |  |  |
| Origination and reversal of timing differences |  | ( 180,668) | ( 228,397)
|  |  | _______ | _______
| Tax on loss |  | ( 180,668) | ( 228,397)
|  |  | _______ | _______

Reconciliation of tax income
The tax assessed on the loss for the year is higher than (2024: lower than) the standard rate of corporation tax in the UK of 25.00 % (2024: 25.00%).

|  |  | 2025 | 2024
|  |  | £ | £
| Loss before taxation |  | ( 725,894) | ( 217,971)
|  |  | _______ | _______
| Loss multiplied by rate of tax |  | ( 181,474) | ( 54,493)
| Effect of expenses not deductible for tax purposes |  | - | 371
| Effect of capital allowances and depreciation |  | ( 30,562) | ( 67,056)
| Utilisation of tax losses |  | - | 11,644
| Unrelieved tax losses |  | 212,036 | 109,534
| Movement in deferred tax provision |  | ( 180,668) | ( 228,397)
|  |  | _______ | _______
| Tax on loss |  | ( 180,668) | ( 228,397)
|  |  | _______ | _______

11. Intangible assets

|  | Goodwill | Total |  |  |  |
|  | £ | £ |  |  |  |
| Cost |  |  |  |  |  |
| At 1 April 2024 | 957,764 | 957,764 |  |  |  |
| Additions | 8,000 | 8,000 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 March 2025 | 965,764 | 965,764 |  |  |  |
|  | _______ | _______ |  |  |  |
| Amortisation |  |  |  |  |  |
| At 1 April 2024 | 936,827 | 936,827 |  |  |  |
| Charge for the year | 8,334 | 8,334 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 March 2025 | 945,161 | 945,161 |  |  |  |
|  | _______ | _______ |  |  |  |
| Carrying amount |  |  |  |  |  |
| At 31 March 2025 | 20,603 | 20,603 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 March 2024 | 20,937 | 20,937 |  |  |  |
|  | _______ | _______ |  |  |  |

12. Tangible assets

|  | Leasehold property improvements | Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Computer equipment | Total
|  | £ | £ | £ | £ | £ | £
| Cost/Revaluation |  |  |  |  |  |
| At 1 April 2024 | 125,260 | 2,817,159 | 8,056 | 594,096 | 103,290 | 3,647,861
| Additions | - | 15,000 | - | 294,773 | 3,311 | 313,084
| Disposals | - | - | - | ( 17,500) | - | ( 17,500)
|  | _______ | _______ | _______ | _______ | _______ | _______
| At 31 March 2025 | 125,260 | 2,832,159 | 8,056 | 871,369 | 106,601 | 3,943,445
|  | _______ | _______ | _______ | _______ | _______ | _______
| Depreciation |  |  |  |  |  |
| At 1 April 2024 | 59,052 | 1,629,204 | 5,706 | 412,415 | 74,417 | 2,180,794
| Charge for the year | 5,010 | 180,443 | 353 | 232,213 | 8,979 | 426,998
| Disposals | - | - | - | ( 12,390) | - | ( 12,390)
|  | _______ | _______ | _______ | _______ | _______ | _______
| At 31 March 2025 | 64,062 | 1,809,647 | 6,059 | 632,238 | 83,396 | 2,595,402
|  | _______ | _______ | _______ | _______ | _______ | _______
| Carrying amount |  |  |  |  |  |
| At 31 March 2025 | 61,198 | 1,022,512 | 1,997 | 239,131 | 23,205 | 1,348,043
|  | _______ | _______ | _______ | _______ | _______ | _______
| At 31 March 2024 | 66,208 | 1,187,955 | 2,350 | 181,681 | 28,873 | 1,467,067
|  | _______ | _______ | _______ | _______ | _______ | _______

Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

|  | Plant and machinery | Total |  |  |  |  |  |  |
|  | £ | £ |  |  |  |  |  |  |
| At 31 March 2025 |  |  |  |  |  |  |  |  |
| Aggregate cost | 970,736 | 970,736 |  |  |  |  |  |  |
| Aggregate depreciation | (411,743) | (411,743) |  |  |  |  |  |  |
|  | _______ | _______ |  |  |  |  |  |  |
| Carrying amount | 558,993 | 558,993 |  |  |  |  |  |  |
|  | _______ | _______ |  |  |  |  |  |  |
| At 31 March 2024 |  |  |  |  |  |  |  |  |
| Aggregate cost | 970,736 | 970,736 |  |  |  |  |  |  |
| Aggregate depreciation | (313,097) | (313,097) |  |  |  |  |  |  |
|  | _______ | _______ |  |  |  |  |  |  |
| Carrying amount | 657,639 | 657,639 |  |  |  |  |  |  |
|  | _______ | _______ |  |  |  |  |  |  |

The glass bottle production lines were revalued by the directors during the year ended 31st March 2023, year to reflect more accurately the value of the line. The total revaluation was £350,000. No revaluations have been made since.The note above shows the historical cost of the new glass bottling line and associated depreciation, prior to the revaluation of £350,000 in the year ended 31st March 2023.
Obligations under finance leases
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

|  | Motor vehicles |  |  |  |  |  |  |
|  | £ |  |  |  |  |  |  |
| At 31 March 2025 | 237,696 |  |  |  |  |  |  |
|  | _______ |  |  |  |  |  |  |
| At 31 March 2024 | 181,747 |  |  |  |  |  |  |
|  | _______ |  |  |  |  |  |  |

13. Stocks

|  |  | 2025 | 2024
|  |  | £ | £
| Finished goods and goods for resale |  | 76,636 | 142,770
|  |  | _______ | _______

14. Debtors

|  |  | 2025 | 2024
|  |  | £ | £
| Trade debtors |  | 1,019,095 | 1,711,870
| Amounts owed by related companies |  | 352,048 | 403,059
| Prepayments and accrued income |  | 199,895 | 46,507
| Other debtors |  | 42,474 | 56,797
|  |  | _______ | _______
|  |  | 1,613,512 | 2,218,233
|  |  | _______ | _______

The debtors above include the following amounts falling due after more than one year:

|  |  | 2025 | 2024
|  |  | £ | £
| Amounts owed by related companies |  | - | 403,059
|  |  | _______ | _______

15. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 920,152 | 830,594
| Trade creditors |  | 1,392,001 | 1,546,057
| Accruals and deferred income |  | 70,334 | 82,124
| Social security and other taxes |  | 42,104 | 43,168
| Obligations under finance leases |  | 196,108 | 155,360
| Other creditors |  | 103,499 | 121,719
|  |  | _______ | _______
|  |  | 2,724,198 | 2,779,022
|  |  | _______ | _______

A debenture is held by the bank over the company assets. Obligations held under finance leases and hire purchase contracts are secured on the asset concerned. Included in bank loans and overdrafts is an amount of £920,152 (2024 £830,594) due to Praetura Invoice Finance, who replaced RBS Invoice Finance Discounting. The liability owing to Praetura is secured on the book debts of the company.
16. Creditors: amounts falling due after more than one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 91,168 | 89,819
| Obligations under finance leases |  | 381,209 | 312,513
| Other creditors |  | 30,203 | 127,616
|  |  | _______ | _______
|  |  | 502,580 | 529,948
|  |  | _______ | _______

17. Obligations under finance leases
Company lessee
The total future minimum lease payments under finance lease agreements are as follows:

|  |  | 2025 | 2024
|  |  | £ | £
| Not later than 1 year |  | 196,108 | 155,360
| Later than 1 year and not later than 5 years |  | 381,209 | 312,513
|  |  | _______ | _______
|  |  | 577,317 | 467,873
|  |  | _______ | _______
| Present value of minimum lease payments |  | 577,317 | 467,873
|  |  | _______ | _______

18. Provisions

|  | Deferred tax (note 19) | Total |  |  |
|  | £ | £ |  |  |
| At 1 April 2024 | 26,165 | 26,165 |  |  |
| Charges against provisions | ( 180,668) | ( 180,668) |  |  |
|  | _______ | _______ |  |  |
| At 31 March 2025 | ( 154,503) | ( 154,503) |  |  |
|  | _______ | _______ |  |  |

19. Deferred tax
The deferred tax included in the statement of financial position is as follows:

|  |  | 2025 | 2024
|  |  | £ | £
| Included in provisions (note 18) |  | ( 154,503) | 26,165
|  |  | _______ | _______

The deferred tax account consists of the tax effect of timing differences in respect of:

|  |  | 2025 | 2024
|  |  | £ | £
| Accelerated capital allowances |  | 262,636 | 293,307
| Unused tax losses |  | ( 417,139) | ( 267,142)
|  |  | _______ | _______
|  |  | (154,503) | 26,165
|  |  | _______ | _______

20. Employee benefits
The amount recognised in profit or loss in relation to defined contribution plans was £ 42,313 (2024: £ 40,703 ).
21. Called up share capital
Issued, called up and fully paid

|  |  | 2025 |  |  |  | 2024 |  |
|  |  | No |  | £ |  | No |  | £
| Ordinary shares shares of £ 1.00 each |  | 400 |  | 400 |  | 400 |  | 400
|  |  | _______ |  | _______ |  | _______ |  | _______

22. Reserves
Profit and loss account:This reserve records retained earnings and accumulated losses.
23. Events after the end of the reporting period
Going concern A review of company's management accounts, post year end, showed trading losses for the early part of the financial year for the year ended 31st March 2026. The directors efforts since this period have been to review and reduce where necessary, all costs and overheads. The introduction of a new production/office manager has also led to more efficient production processes throughout the organisation. A review of the customer base has also highlighted less profitable customers (due to factors such as distance from the depot) and where necessary trading has ceased with these customers.All loan and finance agreement repayments are being met as they fall due since the year end. The company has had no any instances of being refused credit if and when required.The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. If the need to financially support the business should arise in the coming 12 months, the directors are willing to support the company. Therefore the going concern basis has been used in preparing the financial statements.Also see accounting policies, note 3 re going concern.
24. Related party transactions
During the year the company entered into the following transactions with related parties:

|  | Transaction value |  | Balance owed by/(owed to) |
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| MSC Holdings Limited | 51,010 | 94,838 | 352,048 | 403,058
|  | _______ | _______ | _______ | _______

Wayne & Janet Hughes, a director and shareholders of Jacksons Dairies Ltd, own 100% of the issued share capital of MSC Holdings Limited. MSC Holdings Ltd owns some of the land at Torkington Hall Dairy (the main depot). Rent charged during the year was £86,933 (2024 £94,836), which is at the current market value, per the directors. The debtor balance of £352,048 relates to a loan made to MSC Holdings Ltd from the company when the land was originally purchased. This land according to the directors has a value in excess of £1.5m The balance is included in debtors and disclosed as due greater than one year.The company also pays rent to a partnership owned by Wayne Hughes and Ann Robinson. The partnership owns the rest of land occupied at Torkington Dairy. Rent of £68,000 (2024 £102,000) was paid in the year from Jacksons, which the directors believe to be at the market rate.
25. Controlling party
The company is controlled by the directors, who between them own 100% of the issued share capital.