Niche Timbers Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04822394

Niche Timbers Limited

Filleted Unaudited Financial Statements

For the year ended

31 August 2025

Niche Timbers Limited

Statement of Financial Position

31 August 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		38,894		65,079

Current assets

Stocks		381,269	405,866
Debtors	6	538,487	440,839
Cash at bank and in hand		187,429	81,920
		-------------	----------
		1,107,185	928,625

Creditors: amounts falling due within one year	7	534,690		383,324
		-------------		----------
Net current assets			572,495		545,301
			----------		----------
Total assets less current liabilities			611,389		610,380

Provisions

Taxation including deferred tax	4,844	11,078
	----------	----------
Net assets	606,545	599,302
	----------	----------

Niche Timbers Limited

Statement of Financial Position (continued)

31 August 2025

	2025		2024
Note	£	£	£	£

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	605,545	598,302
	----------	----------
Shareholders funds	606,545	599,302
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 21 May 2026 , and are signed on behalf of the board by:

Mr L.T. Sesum	Mr J.L. Hartley
Secretary	Director

Company registration number: 04822394

Niche Timbers Limited

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2, 8 Flanshaw Way, Wakefield, West Yorkshire, WF2 9LP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Going concern

The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

(c) Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

(d) Current & deferred tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

(e) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(f) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	25% reducing balance
Fixtures & Fittings	-	15% reducing balance
Motor Vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

(g) Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

(h) Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

(i) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2024: 10 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 September 2024	47,777	145	84,388	10,489	142,799
Disposals	–	–	( 23,500)	–	( 23,500)
	--------	----	--------	--------	----------
At 31 August 2025	47,777	145	60,888	10,489	119,299
	--------	----	--------	--------	----------
Depreciation
At 1 September 2024	32,349	132	36,919	8,320	77,720
Charge for the year	3,860	2	8,562	542	12,966
Disposals	–	–	( 10,281)	–	( 10,281)
	--------	----	--------	--------	----------
At 31 August 2025	36,209	134	35,200	8,862	80,405
	--------	----	--------	--------	----------
Carrying amount
At 31 August 2025	11,568	11	25,688	1,627	38,894
	--------	----	--------	--------	----------
At 31 August 2024	15,428	13	47,469	2,169	65,079
	--------	----	--------	--------	----------

6. Debtors

	2025	2024
	£	£
Trade debtors	529,937	428,635
Other debtors	8,550	12,204
	----------	----------
	538,487	440,839
	----------	----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	466,413	260,737
Amounts owed to group undertakings and undertakings in which the company has a participating interest	5,000	–
Corporation tax	18,523	59,698
Social security and other taxes	11,728	31,740
Other creditors	33,026	31,149
	----------	----------
	534,690	383,324
	----------	----------

Obligations under finance leases are secured on the associated assets.

8. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	42,915	5,330
Later than 1 year and not later than 5 years	123,750	3,998
	----------	-------
	166,665	9,328
	----------	-------

9. Related party transactions

The company has taken advantage of the exemptions provided in FRS 102 from reporting transactions between wholly owned members of the group. During the year the directors made available loans to the company. The loans are interest free and repayable on demand. At the year end date the balance due to the directors totalled £nil (2024 - £947).

10. Controlling party

The company is a wholly owned subsidiary of Niche Timbers Holdings Ltd, a company registered in England and Wales.