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Registration number: NI602453

Candy Enterprises (Ballymena) Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Candy Enterprises (Ballymena) Ltd

(Registration number: NI602453)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 110,850 | 110,850
Tangible assets | 5 | 113,972 | 101,237
|  | 224,822 | 212,087
Current assets |  |  |
Stocks | 6 | 93,028 | 82,073
Debtors | 7 | 6,692 | 5,545
Cash at bank and in hand |  | 270,691 | 288,040
|  | 370,411 | 375,658
Creditors: Amounts falling due within one year | 8 | (159,040) | (158,147)
Net current assets |  | 211,371 | 217,511
Total assets less current liabilities |  | 436,193 | 429,598
Creditors: Amounts falling due after more than one year | 8 | - | (27,000)
Provisions for liabilities |  | (16,671) | (13,049)
Net assets |  | 419,522 | 389,549
Capital and reserves |  |  |
Called up share capital | 9 | 1,000 | 1,000
Retained earnings |  | 418,522 | 388,549
Shareholders' funds |  | 419,522 | 389,549

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Candy Enterprises (Ballymena) Ltd

(Registration number: NI602453)
Balance Sheet as at 30 April 2025

Approved and authorised by the director on 21 August 2025

......................................... Mr Thomas James McMaster Director

Candy Enterprises (Ballymena) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 7 Old Galgorm Manor, Old Galgorm Road, Ballymena, Co. Antrim, BT42 1RY.

These financial statements were authorised for issue by the director on 21 August 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Candy Enterprises (Ballymena) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Equipment, fixtures and fittings | 20% straight line basis
Improvements | 2.5% straight line basis

Intangible assets

Intangible assets comprise costs incurred by the Company to acquire a liquor licence. Amortisation is not provided on the licence as its value to the company is non-depreciating.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Candy Enterprises (Ballymena) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 25 (2024 - 23).

Candy Enterprises (Ballymena) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Intangible assets

| Off Sales Licence £ | Total £
Cost or valuation
At 1 May 2024 | 110,850 | 110,850
At 30 April 2025 | 110,850 | 110,850
Amortisation
Carrying amount
At 30 April 2025 | 110,850 | 110,850
At 30 April 2024 | 110,850 | 110,850

Amortisation is not provided on the intangible fixed asset held by the Company. The liquor licence is of continued value to the Company and holds a readily attainable market value in excess of its cost.

Candy Enterprises (Ballymena) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

5 | Tangible assets

| Improvements £ | Equipment, fixtures and fittings £ | Total £
Cost or valuation
At 1 May 2024 | 74,684 | 211,262 | 285,946
Additions | - | 31,099 | 31,099
Disposals | - | (135,274) | (135,274)
At 30 April 2025 | 74,684 | 107,087 | 181,771
Depreciation
At 1 May 2024 | 10,313 | 174,396 | 184,709
Charge for the year | 1,648 | 16,716 | 18,364
Eliminated on disposal | - | (135,274) | (135,274)
At 30 April 2025 | 11,961 | 55,838 | 67,799
Carrying amount
At 30 April 2025 | 62,723 | 51,249 | 113,972
At 30 April 2024 | 64,371 | 36,866 | 101,237

6 | Stocks

| 2025 £ | 2024 £
Stock of goods for resale | 93,028 | 82,073

7 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 1,072 | 956
Other debtors | 5,620 | 4,589
| 6,692 | 5,545

Candy Enterprises (Ballymena) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 79,131 | 66,353
Directors' loan account |  | 29,872 | 26,961
Taxation and social security |  | 20,862 | 28,634
Accruals |  | 7,364 | 6,755
Other creditors |  | 21,811 | 29,444
|  | 159,040 | 158,147

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Directors' loan account |  | - | 27,000

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Shares of £1 each | 1,000 | 1,000 | 1,000 | 1,000

10 | Related party transactions

The following amounts were due to the directors at the year end:-

| 2025 £ | 2024 £
Directors' loan account | 29,872 | 53,961