REGISTERED NUMBER: 10701956 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

COUNTY FOOD INGREDIENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

6

DIRECTORS:

Mr J N Langslow

Mr P White

Mr D Murphy

Mr V Danchev

Mr A D Davies

REGISTERED OFFICE:

Dean Court

85 Adlington Road

Wilmslow

Cheshire

SK9 2BT

REGISTERED NUMBER:

10701956 (England and Wales)

INDEPENDENT AUDITORS:

Allens Accountants Limited

Statutory Auditor and

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Tangible assets

4

2,660,968

2,683,844

CURRENT ASSETS

Stocks

529,124

443,862

Debtors

5

458,759

417,336

Cash at bank and in hand

3,242

3,035

991,125

864,233

CREDITORS

Amounts falling due within one year

6

4,066,478

3,924,483

NET CURRENT LIABILITIES

(3,075,353

)

(3,060,250

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(414,385

)

(376,406

)

CREDITORS

Amounts falling due after more than one year

7

(114,480

)

(183,229

)

PROVISIONS FOR LIABILITIES

9

(496,025

)

(73,656

)

NET LIABILITIES

(1,024,890

)

(633,291

)

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

(1,024,891

)

(633,292

)

SHAREHOLDERS' FUNDS

(1,024,890

)

(633,291

)

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 7 October 2026 and were signed on its behalf by:

Mr J N Langslow - Director

1.	STATUTORY INFORMATION

County Food Ingredients Ltd 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.

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.

Going concern

At 31 December 2025 the company had net liabilities of £1,024,890. The company is dependent on the continued financial support of its parent undertaking, County Milk Products Limited, which has confirmed that it will continue to provide such support, and will not seek repayment of amounts owed to it where this would leave the company unable to meet its other liabilities, for a period of at least twelve months from the date of approval of these financial statements. On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

Related party exemption

The company is a wholly owned subsidiary of County Milk Products Limited. The company has taken advantage of the exemption in Section 33 of FRS 102 not to disclose transactions with other wholly owned members of the group.

Turnover

Turnover represents the amounts receivable for goods sold and processing services provided, excluding value added tax and net of discounts and rebates.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the customer, which is determined in accordance with the agreed terms of sale. Turnover from processing services is recognised as the services are performed.

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 etc

-

33% on cost, 15% on reducing balance and 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 only basic financial instruments, comprising trade and other debtors, cash, trade and other creditors, hire purchase obligations and amounts owed to and by group undertakings. These are initially recognised at transaction price and subsequently measured at amortised cost, less any impairment in the case of financial assets. Balances receivable or payable within one year, and amounts owed to and by group undertakings which are repayable on demand, are measured at the undiscounted amount expected to be received or paid.

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.

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 the Income Statement over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 71 (2024 - 65 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

4,105,538

Additions

396,358

Disposals

(93,380

)

At 31 December 2025

4,408,516

DEPRECIATION

At 1 January 2025

1,421,694

Charge for year

386,781

Eliminated on disposal

(60,927

)

At 31 December 2025

1,747,548

NET BOOK VALUE

At 31 December 2025

2,660,968

At 31 December 2024

2,683,844

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,153

58,056

Amounts owed by group undertakings

60,366

14,203

Other debtors

397,240

345,077

458,759

417,336

Amounts owed by group undertakings are unsecured, interest free and repayable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

68,712

68,676

Trade creditors

265,106

106,805

Amounts owed to group undertakings

3,547,835

3,558,259

Taxation and social security

50,085

39,211

Other creditors

134,740

151,532

4,066,478

3,924,483

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

114,480

183,229

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

183,192

251,905

The hire purchase contracts are secured upon the assets to which they relate.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

496,025

476,525

Tax losses carried forward

-

(402,869

)

496,025

73,656

Deferred

tax

£

Balance at 1 January 2025

73,656

Provided during year

422,369

Balance at 31 December 2025

496,025

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Dean McMullan (Senior Statutory Auditor)

for and on behalf of Allens Accountants Limited

12.	CAPITAL COMMITMENTS

There were no capital commitments contracted but not provided for at 31 December 2025 (2024: £nil).

13.	POST BALANCE SHEET EVENTS

There have been no significant events affecting the company since the year end.

14.	PARENT UNDERTAKING

The company's immediate and ultimate parent undertaking is County Milk Products Limited, a company registered in England and Wales (company number 02873177), whose registered office is Dean Court, 85 Adlington Road, Wilmslow, Cheshire, SK9 2BT. County Milk Products Limited prepares group financial statements which include the company, copies of which can be obtained from its registered office. The ultimate controlling party is Mr J N Langslow, by virtue of his majority of the voting rights in County Milk Products Limited.