Registered number: 10326821
FOR THE YEAR ENDED 31 JULY 2025
CONFECTIONS LIMITED
COMPANY INFORMATION
CONFECTIONS LIMITED
CONTENTS
CONFECTIONS LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 JULY 2025
The directors present their strategic report for the year ended 31 July 2025.
The Group delivered a strong financial performance during the year, supported by continued growth in customer demand, effective cost management and ongoing investment in the future of the business.
The Group's key financial and other performance indicators during the year were as follows:
The Group's key financial and other performance indicators during the year were as follows:
2025 has been a transformational year for the Group, delivering strong financial growth whilst completing a significant strategic investment that will underpin future expansion.
Turnover increased by 18.6% to £14.7 million, with operating profit rising to £629k and EBITDA increasing to £878k. Performance was achieved despite continued inflationary pressures across raw materials, labour and energy costs, reflecting the strength of the Group's customer relationships, product portfolio and operational management.
Alongside this strong trading performance, the Group completed the development of a new manufacturing facility, representing capital investment of £1.6 million during the year. Whilst the facility did not become operational until after the year end and therefore contributed no revenue or profit in the period, it provides a significant platform for future growth through enhanced capacity, improved efficiency and greater operational flexibility.
The reported EBITDA included approximately £206k of exceptional costs associated with the development and commissioning of the new facility. Excluding these one-off costs, underlying EBITDA exceeded £1.0 million for the first time, demonstrating the strength of the Group's core business and its ability to generate profitable growth.
The Board is pleased with both the financial performance delivered and the successful completion of this major strategic investment. With the new facility now operational, a strong balance sheet and positive market momentum, the Group is well positioned to capitalise on future opportunities and deliver sustainable long-term growth.
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CONFECTIONS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
The management of the business and execution of the Group's strategy are subject to a number of risks.
The principal risks facing the Group include fluctuations in commodity prices, particularly cocoa, sugar and other key raw materials, labour cost inflation, energy costs, supply chain disruption and changing consumer spending patterns. The Group continues to mitigate these risks through active supplier management, product and customer diversification, investment in operational efficiency and ongoing innovation.
The completion of the new manufacturing facility enhances the Group's operational resilience and capacity, whilst providing a platform to support future growth opportunities and mitigate operational risks associated with capacity constraints.
The Board remains optimistic regarding the Group's prospects. The strong financial performance achieved during the year, combined with the successful completion and commissioning of the new manufacturing facility, provides a solid foundation for continued growth.
With increased manufacturing capability, a diversified customer base and a commitment to quality and innovation, the Group is well placed to capitalise on future opportunities and deliver sustainable long-term value.
This report was approved by the board on 31 July 2026 and signed on its behalf.
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CONFECTIONS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JULY 2025
The directors present their report and the financial statements for the year ended 31 July 2025.
The directors who served during the year were:
The directors are responsible for preparing the Group Strategic Report, the Directors' Report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements 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 Group 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 the Group and to 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 the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £392,039 (2024 - £108,236).
No dividend raised during the year.
This indemnity does not provide cover in the event of a director acting fraudulently or dishonestly.
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CONFECTIONS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
See note 26 of the financial statement for the group's post balance sheet events.
The auditors, Shorts, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board on 31 July 2026 and signed on its behalf.
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CONFECTIONS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CONFECTIONS LIMITED
We have audited the financial statements of Confections Limited (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 31 July 2025, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, 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).
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 Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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.
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 Group's or the parent 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.
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CONFECTIONS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CONFECTIONS LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group 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 Group Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Directors' Report.
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CONFECTIONS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CONFECTIONS LIMITED (CONTINUED)
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 Auditors' 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 Group 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:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including
fraud and non-compliance with laws and regulations, was as follows:
fraud and non-compliance with laws and regulations, was as follows:
∙the engagement team collectively had the appropriate competence, capabilities and skills to identify orn recognise non-compliance with applicable laws and regulations;
∙through discussions with the directors and other management and from our commercial knowledge and experience of the sectors that the company operates in, we identified the laws and regulations applicable to the Group; and
∙focusing on the specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, we assessed the extent of compliance with those laws and regulations identified above through making enquiries of management and inspecting relevant correspondence.
We assessed the susceptibility of the Group’s financial statements to material misstatement, including obtaining
an understanding of how fraud might occur, by:
an understanding of how fraud might occur, by:
∙making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
∙considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
∙performed analytical procedures to identify any unusual or unexpected relationships;
∙considered journal entries to identify unusual transactions;
∙assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
∙investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included, but were not limited to:
which included, but were not limited to:
∙agreeing financial statement disclosures to underlying supporting documentation;
∙reading the minutes of meetings of those charged with governance;
∙enquiring of management as to actual and potential litigation and claims;
∙considering relationships with HMRC and other relevant regulators; and
∙reviewing legal and professional fees for evidence of any litigation.
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CONFECTIONS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CONFECTIONS LIMITED (CONTINUED)
There are inherent limitations in our audit procedures described above.The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion
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 Auditors' 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 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 members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditor
63 Napier Street
South Yorkshire
S11 8HA
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CONFECTIONS LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JULY 2025
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CONFECTIONS LIMITED
REGISTERED NUMBER: 10326821
CONSOLIDATED BALANCE SHEET
AS AT 31 JULY 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 July 2026.
The notes on pages 16 to 34 form part of these financial statements.
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CONFECTIONS LIMITED
REGISTERED NUMBER: 10326821
COMPANY BALANCE SHEET
AS AT 31 JULY 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 July 2026 .
The notes on pages 16 to 34 form part of these financial statements.
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