1Drain the peaches or use fresh peaches. I use my hands to mash them. Add flour, sugar and baking soda and mix well. TIP: Save some of the juice from the peaches and to get a smoother batter, add a little bit of juice at a time until you get the right mixture.
2Spray a 9x13 inch cake pan. Pour in batter. Bake at 350 degrees for 35 minutes.
3For the icing:
boil every ingredient in pan until thickened. Remove from heat. Stir in nuts and spread on cooled cake.