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REGISTERED NUMBER: 02704966 (England and Wales)















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: J Brigham
G N Kingston



SECRETARY: Nunns Accounting Services Ltd



REGISTERED OFFICE: F7 First Floor Lincoln House Lincoln Way
Ashbrooke Park, Sherburn In Elmet
Leeds,
Yorkshire
LS25 6PJ



REGISTERED NUMBER: 02704966 (England and Wales)



SENIOR STATUTORY AUDITOR: Caroline Peverett BA FCA



AUDITORS: Tuerner Audit Limited
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:





G N Kingston - Director


27 June 2025

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.

J Brigham
G N Kingston

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:





G N Kingston - Director


27 June 2025

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.




Caroline Peverett BA FCA (Senior Statutory Auditor)
for and on behalf of Tuerner Audit Limited
Bridge House
Old Grantham Road
Whatton
Nottingham
NG13 9FG

27 June 2025

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 16,816,268 13,844,441

Cost of sales 12,258,429 10,115,579
GROSS PROFIT 4,557,839 3,728,862

Distribution costs 523,219 499,886
Administrative expenses 3,394,645 4,079,246
3,917,864 4,579,132
639,975 (850,270 )

Other operating income 23,044 -
663,019 (850,270 )


Interest payable and similar expenses 6 221,090 203,887
PROFIT/(LOSS) BEFORE TAXATION 7 441,929 (1,054,157 )

Tax on profit/(loss) 8 134,537 (384,242 )
PROFIT/(LOSS) FOR THE FINANCIAL YEAR 307,392 (669,915 )

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 5,301,291 5,811,358 6,056,720

CURRENT ASSETS
Stocks 11 1,560,568 1,678,605 1,794,977
Debtors 12 2,570,433 1,845,691 1,552,186
Cash at bank and in hand 194,217 79,626 406
4,325,218 3,603,922 3,347,569
CREDITORS
Amounts falling due within one year 13 (3,651,211 ) (4,319,886 ) (2,121,564 )
NET CURRENT ASSETS/(LIABILITIES) 674,007 (715,964 ) 1,226,005
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,975,298

5,095,394

7,282,725

CREDITORS
Amounts falling due after more than one
year

14

(2,713,369

)

(2,275,394

)

(3,637,353

)

PROVISIONS FOR LIABILITIES 17 (194,586 ) (60,049 ) (215,506 )
NET ASSETS 3,067,343 2,759,951 3,429,866

CAPITAL AND RESERVES
Called up share capital 18 1,235,000 1,235,000 1,235,000
Share premium 19 7,005 7,005 7,005
Retained earnings 19 1,825,338 1,517,946 2,187,861
SHAREHOLDERS' FUNDS 3,067,343 2,759,951 3,429,866

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





G N Kingston - Director


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 1 657,592 28,747
Interest paid (136,402 ) (123,844 )
Taxation refund 228,784 376,310
Net cash from operating activities 749,974 281,213

Cash flows from investing activities
Purchase of tangible fixed assets (85,114 ) (315,407 )
Sale of tangible fixed assets 21,800 -
Net cash from investing activities (63,314 ) (315,407 )

Cash flows from financing activities
Finance received in the year - 113,414
Finance repaid in the year (572,069 ) -
Net cash from financing activities (572,069 ) 113,414

Increase in cash and cash equivalents 114,591 79,220
Cash and cash equivalents at beginning
of year

2

79,626

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 307,392 (669,915 )
Depreciation charges 578,725 560,770
Profit on disposal of fixed assets (5,343 ) -
Finance costs 221,090 203,887
Taxation 134,537 (384,242 )
1,236,401 (289,500 )
Decrease in stocks 118,037 116,372
Increase in trade and other debtors (952,807 ) (441,031 )
Increase in trade and other creditors 255,961 642,906
Cash generated from operations 657,592 28,747

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
79,626 114,591 194,217
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 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. STATEMENT OF COMPLIANCE

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" and the Companies Act 2006.

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

Buildings4-10% on cost
Plant & Machinery10% on cost
Equipment20% 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 6,803,191 4,742,486
Rest of World 10,013,077 9,101,955
16,816,268 13,844,441

5. EMPLOYEES AND DIRECTORS
30.9.24 30.9.23
as restated
£    £   
Wages and salaries 4,612,181 4,342,543
Social security costs 376,445 355,872
Other pension costs 87,281 83,805
5,075,907 4,782,220

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
131 137

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 200,000 200,000
Directors' pension contributions to money purchase schemes 9,289 9,279

Information regarding the highest paid director is as follows:
30.9.24 30.9.23
as restated
£    £   
Emoluments etc 200,000 200,000
Pension contributions to money purchase schemes 9,289 9,279

6. INTEREST PAYABLE AND SIMILAR EXPENSES
30.9.24 30.9.23
as restated
£    £   
Group interest 84,688 85,939
Finance interest 136,402 117,948
221,090 203,887

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 291,729 247,165
Other operating leases 207,818 306,434
Depreciation - owned assets 578,724 560,770
Profit on disposal of fixed assets (5,343 ) -
Auditors' remuneration 11,350 8,300
Foreign exchange differences (142,601 ) 185,597

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 - (169,127 )

Deferred tax 134,537 (215,115 )
Tax on profit/(loss) 134,537 (384,242 )

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 4,088,730 6,275,808 504,585 10,869,123
Additions - 83,216 1,898 85,114
Disposals - (23,264 ) - (23,264 )
At 30 September 2024 4,088,730 6,335,760 506,483 10,930,973
DEPRECIATION
At 1 October 2023 605,407 3,996,738 455,620 5,057,765
Charge for year 107,017 450,227 21,480 578,724
Eliminated on disposal - (6,807 ) - (6,807 )
At 30 September 2024 712,424 4,440,158 477,100 5,629,682
NET BOOK VALUE
At 30 September 2024 3,376,306 1,895,602 29,383 5,301,291
At 30 September 2023 3,483,323 2,279,070 48,965 5,811,358

11. STOCKS
30.9.24 30.9.23
as restated
£    £   
Raw materials 945,156 805,454
Work-in-progress 48,477 45,595
Finished goods 566,935 827,556
1,560,568 1,678,605

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
as restated
£    £   
Trade debtors 2,206,326 1,312,108
Other debtors 15,310 15,310
Tax - 228,065
VAT 72,467 47,141
Prepayments and accrued income 276,330 243,067
2,570,433 1,845,691

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) - 572,069
Trade creditors 1,197,671 1,042,582
Amounts owed to group undertakings 131,774 586,452
Tax 719 -
Social security and other taxes 101,799 85,759
Other creditors 3,076 509
Net wages control 34,634 -
Redeemable preference shares 1,600,000 1,600,000
Accruals and deferred income 581,538 432,515
3,651,211 4,319,886

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
as restated
£    £   
Amounts owed to group undertakings 2,713,369 2,275,394

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 - 572,069

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 162,074 -
Between one and five years 307,922 16,208
469,996 16,208

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 60,049
Provided during year 134,537
Balance at 30 September 2024 194,586

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
£    £   
1,235,000 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 7,005 1,309,836
Prior year adjustment 215,115 215,115
1,517,946 1,524,951
Profit for the year 307,392 307,392
At 30 September 2024 1,825,338 7,005 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.