Company registration number 07787183 (England and Wales)
NOVEMBER MARCH LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
NOVEMBER MARCH LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
NOVEMBER MARCH LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
5,581
6,577
Investments
5
7,390
8,066
12,971
14,643
Current assets
Debtors
6
57,849
61,485
Cash at bank and in hand
13,409
10,938
71,258
72,423
Creditors: amounts falling due within one year
7
(18,837)
(19,660)
Net current assets
52,421
52,763
Total assets less current liabilities
65,392
67,406
Creditors: amounts falling due after more than one year
8
(10,000)
(10,000)
Provisions for liabilities
(1,324)
(1,250)
Net assets
54,068
56,156
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
53,968
56,056
Total equity
54,068
56,156

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

NOVEMBER MARCH LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 9 November 2023
Mrs Denese Molyneux
Director
Company Registration No. 07787183
NOVEMBER MARCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information

November March Limited is a private company limited by shares incorporated in England and Wales. The registered office is Fortfield Chambers, Station Road, Sidmouth, Devon, EX10 8NY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the investments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Straight line over the life of the lease
Fixtures, fittings & equipment
20% per annum on cost
Computer equipment
25% per annum on reducing basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Transaction costs are expensed to profit or loss as incurred.

1.5
Equity instruments

Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

NOVEMBER MARCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2022 and 31 March 2023
10,000
Amortisation and impairment
At 1 April 2022 and 31 March 2023
10,000
Carrying amount
At 31 March 2023
-
0
At 31 March 2022
-
0
NOVEMBER MARCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2022
19,838
22,441
42,279
Additions
-
0
744
744
At 31 March 2023
19,838
23,185
43,023
Depreciation and impairment
At 1 April 2022
19,838
15,864
35,702
Depreciation charged in the year
-
0
1,740
1,740
At 31 March 2023
19,838
17,604
37,442
Carrying amount
At 31 March 2023
-
0
5,581
5,581
At 31 March 2022
-
0
6,577
6,577
5
Fixed asset investments
2023
2022
£
£
Other investments other than loans
7,390
8,066
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 April 2022
8,066
Additions
22
Valuation changes
(698)
At 31 March 2023
7,390
Carrying amount
At 31 March 2023
7,390
At 31 March 2022
8,066
NOVEMBER MARCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 6 -
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
12,000
-
0
Other debtors
45,849
61,485
57,849
61,485
7
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
15,212
13,217
Other creditors
3,625
6,443
18,837
19,660
8
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
10,000
10,000
9
Called up share capital
2023
2022
£
£
Ordinary share capital
91 Ordinary 'A' shares of £1 each
91
91
5 Ordinary 'B' shares of £1 each
5
5
2 Ordinary 'C' shares of £1 each
2
2
2 Ordinary 'D' shares of £1 each
2
2
100
100
NOVEMBER MARCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 7 -
10
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
Within one year
4,167
-
0
Between two and five years
-
0
14,167
In over five years
-
0
-
0
4,167
14,167
11
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Interest charged
Amounts repaid
Closing balance
£
£
£
£
One director
2.00
61,463
1,147
(17,432)
45,178
61,463
1,147
(17,432)
45,178

The aforementioned advances are unsecured and repayable upon demand.

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