REGISTERED NUMBER: |
Strategic Report, |
Report of the Directors and |
Financial Statements |
for the Year Ended 30 September 2024 |
for |
Pecan Deluxe Candy (Europe) Limited |
REGISTERED NUMBER: |
Strategic Report, |
Report of the Directors and |
Financial Statements |
for the Year Ended 30 September 2024 |
for |
Pecan Deluxe Candy (Europe) Limited |
Pecan Deluxe Candy (Europe) Limited (Registered number: 02704966) |
Contents of the Financial Statements |
for the Year Ended 30 September 2024 |
Page |
Company Information | 1 |
Strategic Report | 2 |
Report of the Directors | 3 |
Report of the Independent Auditors | 4 |
Statement of Income and Retained Earnings | 6 |
Balance Sheet | 7 |
Cash Flow Statement | 8 |
Notes to the Cash Flow Statement | 9 |
Notes to the Financial Statements | 10 |
Pecan Deluxe Candy (Europe) Limited |
Company Information |
for the Year Ended 30 September 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SENIOR STATUTORY AUDITOR: |
AUDITORS: |
Bridge House |
Old Grantham Road |
Whatton |
Nottingham |
NG13 9FG |
Pecan Deluxe Candy (Europe) Limited (Registered number: 02704966) |
Strategic Report |
for the Year Ended 30 September 2024 |
The directors present their strategic report for the year ended 30 September 2024. |
We are an innovative confectionary manufacturer, employing over 100 people, with a particular emphasis in the food inclusions industry. The company operates from premises in the heart of Yorkshire. As well as traditional confectionary (toffees & fudges) we produce innovative specialist inclusions in bakery, specialist nuts, blends & sauces and various chocolate products and shapes. |
REVIEW OF BUSINESS |
As global inclusion specialists our market is seen as worldwide. Our customer base is strong in Europe and we see increased demand in the UK following our exit from the EU. Emerging markets such as the Middle East & South Africa which are potential high growth areas for our products as much as new businesses across Europe. Pecan Deluxe Candy Co. based in Dallas, Texas, USA, is our parent company and has over 60 years of experience in the industry. We continue to invest in and promote E-commerce and wholesale channels in addition to the traditional B2B and Foodservice Sectors to expand our offering into the independent sector. Our business has been built on service and innovation. We continue to invest in Research & Development which has helped us mastermind some of the most famous ice cream inclusions and capture the imagination of many in the food service industry. Our customer base includes well known High Street brands and quick service restaurants which we supply with a variety of tasty and textured products. We believe that these customers will continue to search for new ideas and products as there is a growing trend for holistic foods. With our reputation as a tailor and inclusions specialist, customers come to us looking for solutions and to help differentiate and add value to new ideas they are trying to bring to the market; for today's changing nutritional and health requirements. |
PRINCIPAL RISKS AND UNCERTAINTIES |
Operating in a global market and in particular with Europe, there continues to be more uncertainty following 'Brexit' the impact of Covid (lead times/labour)the wars in Ukraine (raw material costs) and Gaza). The effect currency exchange rates may have a bearing as we price in Euros to our European customers. Commodity prices will also continue to vary (butter, flour, sugar, eggs, oil, chocolate) according to the worldwide economies and uncertainties. We have adapted to the new market conditions creating product solutions that require no health certification, and also worked to provide an effective DDP solution for European customers which will speed up the export process. Our European customers are also looking to migrate their own risks of Brexit/War by looking to alternative supply options and other EU based manufacturers. Importantly labour will be our biggest barrier to growth as the availability of suitably trained employees may impact lead times. The current global tariff stand-off could result in beneficial opportunities on raw material prices as well as new customer opportunities for companies currently sourcing competitor products from the US |
OBJECTIVES |
Our objectives are simple. We will continue to continue grow our turnover, profitability and customer base to give our shareholders maximum return and place ourselves as market leaders in product quality and innovation. We aim to provide our customers with value added and affordable solutions and provide guidance and advice on ingredients, product integration and presentation. |
FUTURE |
We are confident that we will continue to increase our sales and profitability. In the last year we have worked on improving our production methods, and continue to try and spread our sales by developing markets in coffee chains, restaurant chains, chilled desserts and bakery products, not only in Europe but also in the expanding markets of South Africa, Middle East and Western parts of Asia. Our R&D department is constantly looking for new ways to advance the scope of our praline inclusions, creating new flavours and applications such as chocolate, bakery products and snack mixes. We also see a growing opportunity in independent dessert parlours and are now servicing these through a combination of E-commerce and wholesale over coming years. The business will also ensure the most profitable utilisation of all its available capacities and production capabilities through strategic category development teams and commercial offers. |
ON BEHALF OF THE BOARD: |
Pecan Deluxe Candy (Europe) Limited (Registered number: 02704966) |
Report of the Directors |
for the Year Ended 30 September 2024 |
The directors present their report with the financial statements of the company for the year ended 30 September 2024. |
DIVIDENDS |
No dividends will be distributed for the year ended 30 September 2024. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report. |
STATEMENT OF DIRECTORS' RESPONSIBILITIES |
The directors are responsible for preparing the Strategic Report, the Report of the Directors 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 of 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 judgements and accounting estimates that are reasonable and prudent; |
- | 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. |
STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS |
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information. |
ON BEHALF OF THE BOARD: |
Report of the Independent Auditors to the Members of |
Pecan Deluxe Candy (Europe) Limited |
Opinion |
We have audited the financial statements of Pecan Deluxe Candy (Europe) Limited (the 'company') for the year ended 30 September 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet, Cash Flow Statement and Notes to the Cash Flow Statement, 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 Financial Reporting Standard 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 30 September 2024 and of its profit 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 Auditors' 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. |
Conclusions relating to going concern |
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. |
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. |
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. |
Other information |
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon. |
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 this gives rise to a material misstatement in the financial statements themselves. 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 Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
- | the Strategic Report and the Report of the Directors have 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 Report of the Directors. |
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 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. |
Report of the Independent Auditors to the Members of |
Pecan Deluxe Candy (Europe) Limited |
Responsibilities of directors |
As explained more fully in the Statement of Directors' Responsibilities set out on page three, 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 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. |
Auditors' 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 a Report of the Auditors 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. |
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
We identified the areas of laws and regulations that could reasonably be expected to have a material impact on the financial statements from our general commercial experience and through discussion with the directors, the policies and procedures regarding compliance with laws and regulations. We remained alert to any indications of non-compliance throughout the audit. |
The company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation, including related parties legislation and taxation legislation. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. |
Owing to the inherent limitations of an audit, there is unavoidable risk that we may not have detected some material misstatements in the financial statements. For example, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations |
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors. |
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 a Report of the Auditors 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. |
for and on behalf of |
Bridge House |
Old Grantham Road |
Whatton |
Nottingham |
NG13 9FG |
Pecan Deluxe Candy (Europe) Limited (Registered number: 02704966) |
Statement of Income and |
Retained Earnings |
for the Year Ended 30 September 2024 |
30.9.24 | 30.9.23 |
as restated |
Notes | £ | £ | £ | £ |
TURNOVER | 4 |
Cost of sales |
GROSS PROFIT |
Distribution costs |
Administrative expenses |
3,917,864 | 4,579,132 |
639,975 | (850,270 | ) |
Other operating income |
663,019 | (850,270 | ) |
Interest payable and similar expenses | 6 |
PROFIT/(LOSS) BEFORE TAXATION | 7 | ( |
) |
Tax on profit/(loss) | 8 | ( |
) |
PROFIT/(LOSS) FOR THE FINANCIAL YEAR | ( |
) |
Retained earnings at beginning of year as previously reported |
1,302,831 |
2,187,861 |
Prior year adjustment - corrections of material errors |
9 |
215,115 |
- |
RETAINED EARNINGS AT END OF YEAR | 1,825,338 | 1,517,946 |
Pecan Deluxe Candy (Europe) Limited (Registered number: 02704966) |
Balance Sheet |
30 September 2024 |
30.9.24 | 30.9.23 | 1.10.22 |
as restated |
Notes | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 10 |
CURRENT ASSETS |
Stocks | 11 |
Debtors | 12 | 1,552,186 |
Cash at bank and in hand |
3,347,569 |
CREDITORS |
Amounts falling due within one year | 13 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
14 |
( |
) |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 17 | ( |
) | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 18 |
Share premium | 19 |
Retained earnings | 19 | 1,825,338 | 1,517,946 |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
Pecan Deluxe Candy (Europe) Limited (Registered number: 02704966) |
Cash Flow Statement |
for the Year Ended 30 September 2024 |
30.9.24 | 30.9.23 |
as restated |
Notes | £ | £ |
Cash flows from operating activities |
Cash generated from operations | 1 |
Interest paid | ( |
) | ( |
) |
Taxation refund |
Net cash from operating activities |
Cash flows from investing activities |
Purchase of tangible fixed assets | ( |
) | ( |
) |
Sale of tangible fixed assets |
Net cash from investing activities | ( |
) | ( |
) |
Cash flows from financing activities |
Finance received in the year |
Finance repaid in the year | ( |
) |
Net cash from financing activities | ( |
) |
Increase in cash and cash equivalents |
Cash and cash equivalents at beginning of year |
2 |
406 |
Cash and cash equivalents at end of year | 2 | 194,217 | 79,626 |
Pecan Deluxe Candy (Europe) Limited (Registered number: 02704966) |
Notes to the Cash Flow Statement |
for the Year Ended 30 September 2024 |
1. | RECONCILIATION OF PROFIT/(LOSS) FOR THE FINANCIAL YEAR TO CASH GENERATED FROM OPERATIONS |
30.9.24 | 30.9.23 |
as restated |
£ | £ |
Profit/(loss) for the financial year | ( |
) |
Depreciation charges |
Profit on disposal of fixed assets | ( |
) |
Finance costs | 221,090 | 203,887 |
Taxation | ( |
) |
1,236,401 | (289,500 | ) |
Decrease in stocks |
Increase in trade and other debtors | ( |
) | ( |
) |
Increase in trade and other creditors |
Cash generated from operations |
2. | CASH AND CASH EQUIVALENTS |
The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts: |
Year ended 30 September 2024 |
30.9.24 | 1.10.23 |
£ | £ |
Cash and cash equivalents | 194,217 | 79,626 |
Year ended 30 September 2023 |
30.9.23 | 1.10.22 |
as restated |
£ | £ |
Cash and cash equivalents | 79,626 | 406 |
3. | ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS |
At 1.10.23 | Cash flow | At 30.9.24 |
£ | £ | £ |
Net cash |
Cash at bank and in hand | 79,626 | 114,591 | 194,217 |
79,626 | 194,217 |
Debt |
Debts falling due within 1 year | (572,069 | ) | 572,069 | - |
(572,069 | ) | 572,069 | - |
Total | (492,443 | ) | 686,660 | 194,217 |
Pecan Deluxe Candy (Europe) Limited (Registered number: 02704966) |
Notes to the Financial Statements |
for the Year Ended 30 September 2024 |
1. | STATUTORY INFORMATION |
Pecan Deluxe Candy (Europe) Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. |
The financial statements are prepared in sterling, which is the functional currency of the entity. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax. |
Revenue from the sale of goods is recognised when the goods are despatched to the customer. |
Tangible fixed assets |
Buildings | 4-10% on cost |
Plant & Machinery | 10% on cost |
Equipment | 20% on cost |
Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
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. |
Pecan Deluxe Candy (Europe) Limited (Registered number: 02704966) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2024 |
3. | ACCOUNTING POLICIES - continued |
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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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. |
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. |
4. | TURNOVER |
The turnover and profit (2023 - loss) before taxation are attributable to the one principal activity of the company. |
An analysis of turnover by geographical market is given below: |
30.9.24 | 30.9.23 |
as restated |
£ | £ |
United Kingdom |
Rest of World | 10,013,077 | 9,101,955 |
5. | EMPLOYEES AND DIRECTORS |
30.9.24 | 30.9.23 |
as restated |
£ | £ |
Wages and salaries |
Social security costs |
Other pension costs |
The average number of employees during the year was as follows: |
30.9.24 | 30.9.23 |
as restated |
Production staff | 83 | 93 |
Administrative staff | 48 | 44 |
Pecan Deluxe Candy (Europe) Limited (Registered number: 02704966) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2024 |
5. | EMPLOYEES AND DIRECTORS - continued |
30.9.24 | 30.9.23 |
as restated |
£ | £ |
Directors' remuneration |
Directors' pension contributions to money purchase schemes |
Information regarding the highest paid director is as follows: |
30.9.24 | 30.9.23 |
as restated |
£ | £ |
Emoluments etc |
Pension contributions to money purchase schemes |
6. | INTEREST PAYABLE AND SIMILAR EXPENSES |
30.9.24 | 30.9.23 |
as restated |
£ | £ |
Group interest |
Finance interest |
7. | PROFIT/(LOSS) BEFORE TAXATION |
The profit (2023 - loss) is stated after charging/(crediting): |
30.9.24 | 30.9.23 |
as restated |
£ | £ |
Hire of plant and machinery |
Other operating leases |
Depreciation - owned assets |
Profit on disposal of fixed assets | ( |
) |
Auditors' remuneration |
Foreign exchange differences | ( |
) |
8. | TAXATION |
Analysis of the tax charge/(credit) |
The tax charge/(credit) on the profit for the year was as follows: |
30.9.24 | 30.9.23 |
as restated |
£ | £ |
Current tax: |
UK corporation tax | ( |
) |
Deferred tax | ( |
) |
Tax on profit/(loss) | ( |
) |
Pecan Deluxe Candy (Europe) Limited (Registered number: 02704966) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2024 |
9. | PRIOR YEAR ADJUSTMENT |
At 30 September 2023 the provision for deferred tax was overstated by £215,115 because the deferred tax asset on tax losses had not been offset against deferred tax liabilities. Therefore the following adjustment has been made to restate the 2023 results: |
Dr Balance sheet - Provisions: £215,115 |
Cr Statement of income and retained earnings - Taxation: £215,115 |
At 30 September 2023 £1.6 million of redeemable preference shares were incorrectly allocated to equity on the balance sheet. Therefore the following adjustment has been made to restate the 2023 results: |
Dr Balance sheet - Capital and reserves: £1,600,000 |
Cr Balance sheet - Current liabilities: £1,600,000 |
10. | TANGIBLE FIXED ASSETS |
Fixtures |
Long | Plant and | and |
leasehold | machinery | fittings | Totals |
£ | £ | £ | £ |
COST |
At 1 October 2023 |
Additions |
Disposals | ( |
) | ( |
) |
At 30 September 2024 |
DEPRECIATION |
At 1 October 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
11. | STOCKS |
30.9.24 | 30.9.23 |
as restated |
£ | £ |
Raw materials |
Work-in-progress |
Finished goods |
12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 30.9.23 |
as restated |
£ | £ |
Trade debtors |
Other debtors |
Tax |
VAT |
Prepayments and accrued income |
Pecan Deluxe Candy (Europe) Limited (Registered number: 02704966) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2024 |
13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 30.9.23 |
as restated |
£ | £ |
Other loans (see note 15) |
Trade creditors |
Amounts owed to group undertakings |
Tax |
Social security and other taxes |
Other creditors |
Net wages control | 34,634 | - |
Redeemable preference shares | 1,600,000 | 1,600,000 |
Accruals and deferred income |
14. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.9.24 | 30.9.23 |
as restated |
£ | £ |
Amounts owed to group undertakings |
15. | LOANS |
An analysis of the maturity of loans is given below: |
30.9.24 | 30.9.23 |
as restated |
£ | £ |
Amounts falling due within one year or on demand: |
Other finance |
16. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
30.9.24 | 30.9.23 |
as restated |
£ | £ |
Within one year |
Between one and five years |
17. | PROVISIONS FOR LIABILITIES |
30.9.24 | 30.9.23 |
as restated |
£ | £ |
Deferred tax | 194,586 | 60,049 |
Deferred |
tax |
£ |
Balance at 1 October 2023 |
Provided during year |
Balance at 30 September 2024 |
Pecan Deluxe Candy (Europe) Limited (Registered number: 02704966) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2024 |
18. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.24 | 30.9.23 |
value: | as restated |
£ | £ |
Ordinary shares of £ 1 each | 1 | 1,235,000 | 1,235,000 |
19. | RESERVES |
Retained | Share |
earnings | premium | Totals |
£ | £ | £ |
At 1 October 2023 | 1,302,831 |
Prior year adjustment |
1,524,951 |
Profit for the year |
At 30 September 2024 | 1,832,343 |
20. | ULTIMATE PARENT COMPANY |
Pecan Deluxe Candy Company (incorporated in United States of America ) is regarded by the directors as being the company's ultimate parent company. |