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REGISTERED NUMBER: 05331381 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

NICHE MERCHANDISING LIMITED

NICHE MERCHANDISING LIMITED (REGISTERED NUMBER: 05331381)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NICHE MERCHANDISING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: Mr SA Noray
Mrs A Noray





SECRETARY: Mrs A Noray





REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
LE1 7RU





REGISTERED NUMBER: 05331381 (England and Wales)

NICHE MERCHANDISING LIMITED (REGISTERED NUMBER: 05331381)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,748 35,273

CURRENT ASSETS
Stocks 50,850 38,291
Debtors 5 655,614 488,745
Cash at bank and in hand 203,838 442,671
910,302 969,707
CREDITORS
Amounts falling due within one year 6 588,526 598,260
NET CURRENT ASSETS 321,776 371,447
TOTAL ASSETS LESS CURRENT
LIABILITIES

350,524

406,720

CREDITORS
Amounts falling due after more than one
year

7

(38,789

)

(63,333

)

PROVISIONS FOR LIABILITIES (5,462 ) (3,898 )
NET ASSETS 306,273 339,489

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 306,173 339,389
SHAREHOLDERS' FUNDS 306,273 339,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NICHE MERCHANDISING LIMITED (REGISTERED NUMBER: 05331381)

BALANCE SHEET - continued
31 MARCH 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2022 and were signed on its behalf by:





Mr SA Noray - Director


NICHE MERCHANDISING LIMITED (REGISTERED NUMBER: 05331381)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

Niche Merchandising 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue comprises the fair value for the sale of goods excluding value added tax and represents net invoice value less rebates, returns and settlement discount.
The company supplies products to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on dispatch of the goods. It also includes income from consultancy and this is recognised when the service is undertaken.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

The tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the transaction that resulted in the tax expense (income).

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. Deferred tax assets and deferred tax liabilities are offset only if the group has a legally enforceable right to set off current tax assets against current tax liabilities, and the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities which intend either to settle current tax liabilities and assets on a net basis, or to realise the assets and settle the liabilities simultaneously.

NICHE MERCHANDISING LIMITED (REGISTERED NUMBER: 05331381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured
initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2021 2,000 8,729 52,451 8,673 71,853
Additions - - - 3,057 3,057
At 31 March 2022 2,000 8,729 52,451 11,730 74,910
DEPRECIATION
At 1 April 2021 956 4,548 25,926 5,150 36,580
Charge for year 261 1,045 6,631 1,645 9,582
At 31 March 2022 1,217 5,593 32,557 6,795 46,162
NET BOOK VALUE
At 31 March 2022 783 3,136 19,894 4,935 28,748
At 31 March 2021 1,044 4,181 26,525 3,523 35,273

NICHE MERCHANDISING LIMITED (REGISTERED NUMBER: 05331381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2021
and 31 March 2022 52,451
DEPRECIATION
At 1 April 2021 25,926
Charge for year 6,631
At 31 March 2022 32,557
NET BOOK VALUE
At 31 March 2022 19,894
At 31 March 2021 26,525

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 588,556 442,001
Other debtors 67,058 46,744
655,614 488,745

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 9,687 -
Hire purchase contracts (see note 8) 8,668 8,668
Trade creditors 537,203 487,711
Taxation and social security 9,816 84,259
Other creditors 23,152 17,622
588,526 598,260

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 33,206 50,000
Hire purchase contracts (see note 8) 5,583 13,333
38,789 63,333

NICHE MERCHANDISING LIMITED (REGISTERED NUMBER: 05331381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2022 2021
£    £   
Net obligations repayable:
Within one year 8,668 8,668
Between one and five years 5,583 13,333
14,251 22,001

Non-cancellable operating leases
2022 2021
£    £   
Within one year 3,267 -
Between one and five years 2,024 -
5,291 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 42,893 50,000
Hire purchase contracts 14,251 22,001
57,144 72,001

Bank loan secured by fixed and floating charges. Floating charge covers all the property or undertaking of the company.

Hire purchase contacts are secured over the assets to which they relate.

10. RELATED PARTY DISCLOSURES

At the year end, the company owed the directors £18,607 (2021: £15,351).

No interest was charged on the above balances.