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Registered number: 12604578
Niche Patisserie Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12604578
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 69,400 26,949
69,400 26,949
CURRENT ASSETS
Stocks 5 9,372 14,968
Debtors 6 12,080 7,385
Investments 7 7,088 3,750
Cash at bank and in hand 4,509 8,089
33,049 34,192
Creditors: Amounts Falling Due Within One Year 8 (81,199 ) (45,736 )
NET CURRENT ASSETS (LIABILITIES) (48,150 ) (11,544 )
TOTAL ASSETS LESS CURRENT LIABILITIES 21,250 15,405
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (4,579 ) (1,594 )
NET ASSETS 16,671 13,811
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 16,669 13,809
SHAREHOLDERS' FUNDS 16,671 13,811
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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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Samantha Clarke-Booth
Director
Mr Adam Cleal
Director
14/07/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Niche Patisserie Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12604578 . The registered office is Unit 4 Mile End Business Park, Old Shrewsbury Road, Oswestry, Shropshire, SY11 4JF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold No depreciation
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 15% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2025: 10)
14 10
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 June 2025 - 39,825 1,500 14,662
Additions 27,963 25,226 - -
As at 31 May 2026 27,963 65,051 1,500 14,662
Depreciation
As at 1 June 2025 - 22,269 375 6,991
Provided during the period - 9,218 281 1,150
As at 31 May 2026 - 31,487 656 8,141
Net Book Value
As at 31 May 2026 27,963 33,564 844 6,521
As at 1 June 2025 - 17,556 1,125 7,671
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Computer Equipment Total
£ £
Cost
As at 1 June 2025 1,064 57,051
Additions - 53,189
As at 31 May 2026 1,064 110,240
Depreciation
As at 1 June 2025 467 30,102
Provided during the period 89 10,738
As at 31 May 2026 556 40,840
Net Book Value
As at 31 May 2026 508 69,400
As at 1 June 2025 597 26,949
5. Stocks
2026 2025
£ £
Stock 9,372 14,968
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 9,203 8,085
Other debtors 2,877 (700)
12,080 7,385
7. Current Asset Investments
2026 2025
£ £
Short term deposits 7,088 3,750
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 33,565 13,983
Bank loans and overdrafts 222 -
Other creditors 42,771 10,955
Taxation and social security 4,641 20,798
81,199 45,736
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9. Deferred Taxation
The provision for deferred tax is made up as follows:
2026 2025
£ £
Other timing differences 4,579 1,594
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2 2
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
2026 2025
£ £
Mrs Samantha Clarke-Booth - 1,500
Mr Adam Cleal - 1,500
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