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REGISTERED NUMBER: 06599033 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

NICHE ADVICE LIMITED

NICHE ADVICE LIMITED (REGISTERED NUMBER: 06599033)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NICHE ADVICE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr P Azadi
Mr R C Stokes





REGISTERED OFFICE: Unit F3 The Addington Business Centre
Vulcan Way
New Addington
Croydon
Surrey
CR0 9UG





REGISTERED NUMBER: 06599033 (England and Wales)





ACCOUNTANTS: Cheshams Accountants Ltd
Chartered Certified Accountants
Suite 16,Neals Corner
2 Bath Road
Hounslow
Middlesex
TW3 3HJ

NICHE ADVICE LIMITED (REGISTERED NUMBER: 06599033)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,043 5,034

CURRENT ASSETS
Debtors 5 3,000 5,950
Cash at bank 253,673 261,039
256,673 266,989
CREDITORS
Amounts falling due within one year 6 44,846 53,154
NET CURRENT ASSETS 211,827 213,835
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,870

218,869

CREDITORS
Amounts falling due after more than one year 7 20,414 29,905
NET ASSETS 196,456 188,964

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 195,456 187,964
SHAREHOLDERS' FUNDS 196,456 188,964

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

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 22 December 2023 and were signed on its behalf by:





Mr P Azadi - Director


NICHE ADVICE LIMITED (REGISTERED NUMBER: 06599033)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Niche Advice 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

NICHE ADVICE LIMITED (REGISTERED NUMBER: 06599033)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2022 7,217 9,789 17,006
Additions 596 1,095 1,691
At 31 May 2023 7,813 10,884 18,697
DEPRECIATION
At 1 June 2022 5,649 6,323 11,972
Charge for year 541 1,141 1,682
At 31 May 2023 6,190 7,464 13,654
NET BOOK VALUE
At 31 May 2023 1,623 3,420 5,043
At 31 May 2022 1,568 3,466 5,034

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 550
Other debtors 3,000 5,400
3,000 5,950

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,766 10,391
Other loans 5,000 5,000
Trade creditors - 42
Tax 16,307 29,185
Social security and other taxes 614 442
Pension 300 266
Directors' current accounts 10,839 6,928
Accrued expenses 1,020 900
44,846 53,154

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 20,414 29,905

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 ordinary £1.00 1,000 1,000

NICHE ADVICE LIMITED (REGISTERED NUMBER: 06599033)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

9. RESERVES
Retained
earnings
£   

At 1 June 2022 187,964
Profit for the year 64,892
Dividends (57,400 )
At 31 May 2023 195,456