Mackle Snacks Limited 31/12/2024 iXBRL

Company registration number: NI056533

Mackle Snacks Limited

Financial statements

31 December 2024

Mackle Snacks Limited

Contents

Directors and other information

Strategic report

Directors report

Independent auditor's report to the member

Statement of comprehensive income

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Mackle Snacks Limited

Directors and other information


	Directors	Joseph Mackle
		Chris Boyd


	Secretary	Mrs Sylvia Mackle


	Company number	NI056533


	Registered office	18 Armagh Road
		Dungannon
		Co Tyrone
		BT71 7HZ


	Auditor	ASM (D) Ltd
		79 Cunninghams Lane
		Dungannon
		Tyrone
		BT71 6BX




	Bankers	Danske Bank
		45-48 High Street
		Portadown
		Co Armagh
		BT62 1LB


	Solicitors	R M Cullen & Son
		16-20 Edward Street
		Portadown
		Co Armagh
		BT62 3NA

Mackle Snacks Limited

Strategic report

Year ended 31 December 2024

Review of business and future developments

The profit and loss account for the year is set out on page 9.

The results for the financial year and the year-end position were as expected. The directors are satisfied with the level of business for the year and year end position. Further sales growth is anticipated in the coming year with further capital expenditure planned to improve efficiencies in the production process.

Financial risk management objectives and policies

The company's operations expose it to a variety of financial risks that include the effects of changes in market prices, credit risk, foreign exchange risk and liquidity risk. The company has in place a risk management programme that seeks to limit the adverse effects on the financial performance of the company by monitoring levels of debt finance and the related finance cost. Given the size of the company, the directors have not delegated the responsibility of monitoring financial risk management to a sub-committee of the board. The policies set by the board of directors are implemented by the company's finance department.

Price risk

The company is exposed to some commodity price risk as a result of its operations. However, costs of managing exposure to commodity price risk exceed any potential benefits. The directors will revisit the appropriateness of this policy should the company's operations change in size or nature. The company has no exposure to equity securities price risk as it holds no listed investments.

Credit risk

The company has implemented policies that require appropriate credit checks on potential customers before sales are made.

Foreign exchange risk

The company is exposed to foreign exchange risk in the normal course of business, principally on sales into the Euro zone. The company's position with regard to its foreign exchange exposure and the use of any financial instruments or hedging mechanisms to deal with this is kept under review by the directors.

Dividends

Dividends of £130,000 were paid in the year (2023: £130,000).

Directors

The directors of the company during the year are shown on page 1

This report was approved by the board of directors on 18 September 2025 and signed on behalf of the board by:

Joseph Mackle

Director

Mackle Snacks Limited

Directors report

Year ended 31 December 2024

The directors present their report and the financial statements of the company for the year ended 31 December 2024.

Directors

The directors who served the company during the year were as follows:

Joseph Mackle

Chris Boyd

Dividends

Particulars of recommended dividends are detailed in note 12 to the financial statements.

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.

The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

This report was approved by the board of directors on 18 September 2025 and signed on behalf of the board by:

Joseph Mackle

Director

Mackle Snacks Limited

Independent auditor's report to the member of

Mackle Snacks Limited

Year ended 31 December 2024

Opinion

We have audited the financial statements of Mackle Snacks Limited (the 'company') for the year ended 31 December 2024 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity 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 December 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 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.

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 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: 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 auditor’s report.

Use of our report

This report is made solely to the company's member, 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 member those matters we are required to state to 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 member as a body, for our audit work, for this report, or for the opinions we have formed.

Alistair Cooke (Senior Statutory Auditor)

For and on behalf of

ASM (D) Ltd

Chartered Accountant and Statutory Auditors

79 Cunninghams Lane

Dungannon

Tyrone

BT71 6BX

18 September 2025

Mackle Snacks Limited

Statement of comprehensive income

Year ended 31 December 2024

		2024	2023
	Note	£	£


Turnover	4	22,202,245	18,605,625
Cost of sales		( 17,946,661)	( 15,112,429)
		_______	_______
Gross profit		4,255,584	3,493,196

Administrative expenses		( 1,528,167)	( 1,427,656)
Other operating income	5	4,924	23,190
		_______	_______
Operating profit	6	2,732,341	2,088,730

Other interest receivable and similar income	9	735	-
Interest payable and similar expenses	10	( 59,869)	( 29,641)
		_______	_______
Profit before taxation		2,673,207	2,059,089

Tax on profit	11	( 465,309)	( 247,504)
		_______	_______
Profit for the financial year and total comprehensive income		2,207,898	1,811,585
		_______	_______

All the activities of the company are from continuing operations.

Mackle Snacks Limited

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	13	5,171,204		3,402,504
		_______		_______
			5,171,204		3,402,504

Current assets
Stocks	14	2,941,747		2,783,738
Debtors	15	5,224,271		4,573,300
Cash at bank and in hand		1,878,666		1,172,938
		_______		_______
		10,044,684		8,529,976
Creditors: amounts falling due
within one year	16	( 3,677,278)		( 3,169,491)
		_______		_______
Net current assets			6,367,406		5,360,485
			_______		_______
Total assets less current liabilities			11,538,610		8,762,989

Creditors: amounts falling due
after more than one year	17		( 676,438)		( 366,546)

Provisions for liabilities	18		( 1,214,578)		( 749,136)

Accruals and deferred income			( 243,461)		( 321,074)

			_______		_______
Net assets			9,404,133		7,326,233
			_______		_______

Capital and reserves
Called up share capital	22		96,000		96,000
Profit and loss account	23		9,308,133		7,230,233
			_______		_______
Shareholder funds			9,404,133		7,326,233
			_______		_______

These financial statements were approved by the board of directors and authorised for issue on 18 September 2025 , and are signed on behalf of the board by:

Joseph Mackle

Director

Company registration number: NI056533

Mackle Snacks Limited

Statement of changes in equity

Year ended 31 December 2024

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 January 2023	96,000	5,548,648	5,644,648

Profit for the year		1,811,585	1,811,585
	_______	_______	_______
Total comprehensive income for the year	-	1,811,585	1,811,585

Dividends paid and payable		( 130,000)	( 130,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 130,000)	( 130,000)

	_______	_______	_______
At 31 December 2023 and 1 January 2024	96,000	7,230,235	7,326,235

Profit for the year		2,207,898	2,207,898
	_______	_______	_______
Total comprehensive income for the year	-	2,207,898	2,207,898

Dividends paid and payable		( 130,000)	( 130,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 130,000)	( 130,000)

	_______	_______	_______
At 31 December 2024	96,000	9,308,133	9,404,133
	_______	_______	_______

Mackle Snacks Limited

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 18 Armagh Road, Dungannon, Co Tyrone, BT71 7HZ.

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 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.

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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

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:


Freehold property	-	2 %	straight line
Plant and machinery	-	15 %	straight line
Office equipment	-	15 %	straight line
Motor vehicles	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

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. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

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. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

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. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Turnover

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

5. Other operating income

	2024	2023
	£	£
Government grant income	4,924	23,190
	_______	_______

6. Operating profit

Operating profit is stated after charging/(crediting):

	2024	2023
	£	£
Depreciation of tangible assets	1,036,781	863,836
Impairment of trade debtors	-	59,633
	_______	_______

7. Employee information

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

	2024	2023
Production staff	196	128
Administrative staff	35	30
	_______	_______
	231	158
	_______	_______

The aggregate payroll costs incurred during the year were:

	2024	2023
	£	£
Wages and salaries	5,605,213	4,634,751
Other pension costs	198,262	146,363
	_______	_______
	5,803,475	4,781,114
	_______	_______

8. Directors remuneration

The directors aggregate remuneration in respect of qualifying services was:

	2024	2023
	£	£
Remuneration	117,733	101,900
Company contributions to pension schemes in respect of qualifying services	71,540	47,579
Sums paid to third parties in respect of directors services	4,700	38,582
	_______	_______
	193,973	188,061
	_______	_______

9. Other interest receivable and similar income

	2024	2023
	£	£
Bank deposits	735	-
	_______	_______

10. Interest payable and similar expenses

		2024	2023
		£	£
Bank loans and overdrafts		472	16,493
Other loans made to the company:
	Finance leases and hire purchase contracts	59,397	13,148
		_______	_______
		59,869	29,641
		_______	_______

11. Tax on profit

Major components of tax expense

	2024	2023
	£	£
Current tax:
UK current tax expense	-	62,269
Adjustments in respect of previous periods	( 133)	-
	_______	_______

Deferred tax:
Origination and reversal of timing differences	465,442	185,235
	_______	_______
Tax on profit	465,309	247,504
	_______	_______

Reconciliation of tax expense

The tax assessed on the profit for the year is lower than (2023: lower than) the standard rate of corporation tax in the UK of 25.00 % (2023: 23.52%).

	2024	2023
	£	£
Profit before taxation	2,673,207	2,059,089
	_______	_______

Profit multiplied by rate of tax	668,302	484,298
Adjustments in respect of prior periods	( 133)	-
Effect of capital allowances and depreciation	220	167
Eenhanced capital allowances - Superdeduction	-	( 2,404)
Research and Development tax relief	( 300,115)	( 228,655)
Effect of losses surrendered to group	97,035	-
Underprovision of deferred tax in prior year	-	( 17,942)
Differences in tax rates used for current tax and deferred tax	-	12,040
	_______	_______
Tax on profit	465,309	247,504
	_______	_______

12. Dividends

Equity dividends

	2024	2023
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year)	130,000	130,000
	_______	_______

13. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2024	-	6,737,948	107,735	9,730	6,855,413
Additions	52,869	2,789,261	15,962	-	2,858,092
Disposals	( 52,869)	-	-	-	( 52,869)
	_______	_______	_______	_______	_______
At 31 December 2024	-	9,527,209	123,697	9,730	9,660,636
	_______	_______	_______	_______	_______
Depreciation
At 1 January 2024	-	3,377,818	67,841	7,250	3,452,909
Charge for the year	258	1,018,241	17,662	620	1,036,781
Disposals	( 258)	-	-	-	( 258)
	_______	_______	_______	_______	_______
At 31 December 2024	-	4,396,059	85,503	7,870	4,489,432
	_______	_______	_______	_______	_______
Carrying amount
At 31 December 2024	-	5,131,150	38,194	1,860	5,171,204
	_______	_______	_______	_______	_______
At 31 December 2023	-	3,360,130	39,894	2,480	3,402,504
	_______	_______	_______	_______	_______

14. Stocks

	2024	2023
	£	£
Finished goods	2,941,747	2,783,738
	_______	_______

15. Debtors

	2024	2023
	£	£
Trade debtors	3,107,689	2,141,680
Amounts owed by group undertakings	1,468,564	1,974,954
Prepayments and accrued income	13,311	86,506
Other debtors	634,707	370,160
	_______	_______
	5,224,271	4,573,300
	_______	_______

16. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	-	819
Trade creditors	1,901,904	1,631,379
Amounts owed to group undertakings	365,583	672,127
Amounts owed to undertakings in which the company has a participating interest	699,000	310,000
Corporation tax	-	62,269
Social security and other taxes	94,783	85,889
Obligations under finance leases	220,008	100,008
Other creditors	396,000	307,000
	_______	_______
	3,677,278	3,169,491
	_______	_______

Obligations under hire purchase contracts totalling £896,446 (2023: £466,554) are secured on the assets for which this finance was originally obtained.

17. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Obligations under finance leases	676,438	366,546
	_______	_______

18. Provisions

	Deferred tax (note 19)	Total
	£	£
At 1 January 2024	749,136	749,136
Additions	465,442	465,442
	_______	_______
At 31 December 2024	1,214,578	1,214,578
	_______	_______

19. Deferred tax

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

	2024	2023
	£	£
Included in provisions (note 18)	1,214,578	749,136
	_______	_______

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

	2024	2023
	£	£
Accelerated capital allowances	1,214,578	749,136
	_______	_______

20. Employee benefits

The amount recognised in profit or loss in relation to defined contribution plans was £ 198,262 (2023: £ 146,363 ).

21. Accruals and deferred income

	2024	2023
	£	£
At start of year	321,074	402,078
Grants received or receivable	(-)	(-)
Released to the profit or loss	(77,613)	(81,004)
	_______	_______
At end of year	243,461	321,074
	_______	_______

The amounts recognised in the financial statements for accruals and deferred income are as follows:

	2024	2023
	£	£
Recognised in creditors:
Deferred government grants due after more than one year	243,461	321,074
	_______	_______
Recognised in other operating income:
Government grants recognised directly in income	4,924	23,190
	_______	_______

22. Called up share capital

Issued, called up and fully paid

	2024		2023
	No	£	No	£
Ordinary 'A' Shares shares of £ 1.00 each	95,000	95,000	95,000	95,000
Ordinary 'B' Shares shares of £ 1.00 each	1,000	1,000	1,000	1,000
	_______	_______	_______	_______
	96,000	96,000	96,000	96,000
	_______	_______	_______	_______

The company has two classes of ordinary shares which carry voting rights and rights to participate in a distribution as respects dividend and capital.

23. Reserves

The profit and loss reserve records cumulative profits or losses, net of dividends paid. This reserve is distributable in full.

24. Controlling party

The directors regard NCAM Holdings Limited , which is registered in Northern Ireland to be the company's ultimate parent company. NCAM Holdings Limited has a 100% interest in the ordinary share capital of Mackle Snacks Limited at 31 December 2024.