Company Registration No. 03001118 (England and Wales)
Niche Frames Europe Limited
Unaudited accounts
for the year ended 31 May 2026
Niche Frames Europe Limited
Unaudited accounts
Contents
Niche Frames Europe Limited
Company Information
for the year ended 31 May 2026
Directors
Piotr Henryk Bilecki
Joseph Brewerton
Rupert Patrick Morley
Company Number
03001118 (England and Wales)
Registered Office
Venta House
9a Port Road, Maesglas Retail Park
Newport
NP20 2NS
Accountants
Evans Entwistle
26 Berkeley Square
Bristol
BS8 1HP
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Niche Frames Europe Limited
for the year ended 31 May 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Niche Frames Europe Limited for the year ended 31 May 2026 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
26 Berkeley Square
Bristol
BS8 1HP
26 June 2026
Niche Frames Europe Limited
Statement of financial position
as at 31 May 2026
Tangible assets
70,834
90,730
Inventories
90,000
100,000
Cash at bank and in hand
38,310
42,833
Creditors: amounts falling due within one year
(156,104)
(160,184)
Net current assets
22,405
86,862
Total assets less current liabilities
93,239
177,592
Creditors: amounts falling due after more than one year
(11,774)
(12,712)
Provisions for liabilities
Deferred tax
(6,369)
(9,776)
Called up share capital
100
100
Profit and loss account
74,996
155,004
Shareholders' funds
75,096
155,104
For the year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2026 and were signed on its behalf by
Joseph Brewerton
Director
Company Registration No. 03001118
Niche Frames Europe Limited
Notes to the Accounts
for the year ended 31 May 2026
Niche Frames Europe Limited is a private company, limited by shares, registered in England and Wales, registration number 03001118. The registered office is Venta House, 9a Port Road, Maesglas Retail Park, Newport, NP20 2NS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10 years straight line
Motor vehicles
5 years straight line
Fixtures & fittings
10 years straight line
Computer equipment
5 years straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Niche Frames Europe Limited
Notes to the Accounts
for the year ended 31 May 2026
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Tangible fixed assets
Total
Charge for the year
19,896
5
Deferred taxation
2026
2025
Accelerated capital allowances
6,369
9,776
Provision at start of year
9,776
13,302
Credited to the profit and loss account
(3,407)
(3,526)
Provision at end of year
6,369
9,776
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Niche Frames Europe Limited
Notes to the Accounts
for the year ended 31 May 2026
7
Transactions with related parties
Niche Frames Europe Limited is a wholly owned subsidiary of Art Parcel Limited (09941568).
At 31/05/2026 Niche Frames Europe Limited was owed £2,076.20 (2025: £1,134.20) from Art Parcel Limited.
The company is a wholly owned subsidiary of Art Parcel Limited (09941568), registered office address: Venta House, 9a Port Road, Maes-glas Retail Park, Newport, United Kingdom NP20 2NS.
The ultimate beneficial owners and controlling parties are Joseph Brewerton and Rupert Morley.
9
Average number of employees
During the year the average number of employees was 23 (2025: 23).