IRIS Accounts Production v23.3.1.45 08695584 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false 5934 5934 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh086955842022-03-31086955842023-03-31086955842022-04-012023-03-31086955842021-03-31086955842021-04-012022-03-31086955842022-03-3108695584ns10:Originalns15:EnglandWales2022-04-012023-03-3108695584ns14:PoundSterlingns10:Original2022-04-012023-03-3108695584ns10:Originalns10:Director12022-04-012023-03-3108695584ns10:Original2022-04-012023-03-3108695584ns10:Original2023-03-3108695584ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3108695584ns10:Originalns10:SmallEntities2022-04-012023-03-3108695584ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3108695584ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3108695584ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3108695584ns10:Originalns10:FullAccounts2022-04-012023-03-3108695584ns10:Original42ns10:Director22021-04-012022-03-3108695584ns10:Originalns10:Director22022-04-012023-03-3108695584ns10:Originalns10:RegisteredOffice2022-04-012023-03-3108695584ns10:Original2022-03-3108695584ns10:Originalns5:CurrentFinancialInstruments2023-03-3108695584ns10:Originalns5:CurrentFinancialInstruments2022-03-3108695584ns10:Originalns5:Non-currentFinancialInstruments2023-03-3108695584ns10:Originalns5:Non-currentFinancialInstruments2022-03-3108695584ns5:ShareCapitalns10:Original2023-03-3108695584ns5:ShareCapitalns10:Original2022-03-3108695584ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3108695584ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3108695584ns10:Originalns5:LeaseholdImprovements2022-04-012023-03-3108695584ns10:Originalns5:PlantMachinery2022-04-012023-03-3108695584ns10:Originalns5:FurnitureFittings2022-04-012023-03-3108695584ns10:Originalns5:ComputerEquipment2022-04-012023-03-3108695584ns10:Original2021-04-012022-03-3108695584ns10:Originalns5:LeaseholdImprovements2022-03-3108695584ns10:Originalns5:PlantMachinery2022-03-3108695584ns10:Originalns5:FurnitureFittings2022-03-3108695584ns10:Originalns5:ComputerEquipment2022-03-3108695584ns10:Original2022-03-3108695584ns10:Originalns5:LeaseholdImprovements2023-03-3108695584ns10:Originalns5:PlantMachinery2023-03-3108695584ns10:Originalns5:FurnitureFittings2023-03-3108695584ns10:Originalns5:ComputerEquipment2023-03-3108695584ns10:Originalns5:LeaseholdImprovements2022-03-3108695584ns10:Originalns5:PlantMachinery2022-03-3108695584ns10:Originalns5:FurnitureFittings2022-03-3108695584ns10:Originalns5:ComputerEquipment2022-03-3108695584ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108695584ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3108695584ns10:Originalns5:WithinOneYear2023-03-3108695584ns10:Originalns5:WithinOneYear2022-03-3108695584ns5:BetweenOneFiveYearsns10:Original2023-03-3108695584ns5:BetweenOneFiveYearsns10:Original2022-03-3108695584ns10:Originalns5:AllPeriods2023-03-3108695584ns10:Originalns5:AllPeriods2022-03-3108695584ns10:Original1ns10:Director12022-03-3108695584ns10:Original1ns10:Director12021-03-3108695584ns10:Original1ns10:Director12022-04-012023-03-3108695584ns10:Original1ns10:Director12021-04-012022-03-3108695584ns10:Original1ns10:Director12023-03-3108695584ns10:Original1ns10:Director12022-03-31
REGISTERED NUMBER: 08695584 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

MARCH SELF STORE LIMITED

MARCH SELF STORE LIMITED (REGISTERED NUMBER: 08695584)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARCH SELF STORE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: R Moore
Mrs M Moore





REGISTERED OFFICE: The Bungalow
Three Acres
Creek Road
March
Cambridgeshire
PE15 8SW





REGISTERED NUMBER: 08695584 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

MARCH SELF STORE LIMITED (REGISTERED NUMBER: 08695584)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 307,910 305,719

CURRENT ASSETS
Debtors 5 13,114 1,575

CREDITORS
Amounts falling due within one year 6 192,808 183,261
NET CURRENT LIABILITIES (179,694 ) (181,686 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,216

124,033

CREDITORS
Amounts falling due after more than one
year

7

(28,333

)

(38,333

)

PROVISIONS FOR LIABILITIES (21,900 ) (22,900 )
NET ASSETS 77,983 62,800

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 77,981 62,798
SHAREHOLDERS' FUNDS 77,983 62,800

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

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

MARCH SELF STORE LIMITED (REGISTERED NUMBER: 08695584)

BALANCE SHEET - continued
31 MARCH 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2023 and were signed on its behalf by:





R Moore - Director


MARCH SELF STORE LIMITED (REGISTERED NUMBER: 08695584)

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

1. STATUTORY INFORMATION

March Self Store 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

At the balance sheet date the company had net current liabilities of £179,694 by virtue of its current liabilities exceeding its current assets. The directors are confident that the going concern basis for the preparation of the financial statements is appropriate, and have confirmed their continuing support for the company in writing.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 20 years
Plant and machinery - 25% on reducing balance and 4% on cost
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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MARCH SELF STORE LIMITED (REGISTERED NUMBER: 08695584)

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

2. ACCOUNTING POLICIES - continued

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 143,361 194,446 200 20,889 358,896
Additions - 29,892 442 1,561 31,895
Disposals - (7,811 ) - - (7,811 )
At 31 March 2023 143,361 216,527 642 22,450 382,980
DEPRECIATION
At 1 April 2022 6,326 37,621 13 9,217 53,177
Charge for year 7,168 12,009 158 3,123 22,458
Eliminated on disposal - (565 ) - - (565 )
At 31 March 2023 13,494 49,065 171 12,340 75,070
NET BOOK VALUE
At 31 March 2023 129,867 167,462 471 10,110 307,910
At 31 March 2022 137,035 156,825 187 11,672 305,719

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 1,120 1,209
Other debtors 11,994 366
13,114 1,575

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 31,729 31,164
Trade creditors 17,629 18,732
Taxation and social security 13,615 8,731
Other creditors 129,835 124,634
192,808 183,261

MARCH SELF STORE LIMITED (REGISTERED NUMBER: 08695584)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 28,333 38,333

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 9,730 -
Between one and five years 31,622 -
41,352 -

9. CAPITAL COMMITMENTS
31.3.23 31.3.22
£    £   
Contracted but not provided for in the
financial statements 60,184 -

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
R Moore and Mrs M Moore
Balance outstanding at start of year - -
Amounts advanced - 5,934
Amounts repaid - (5,934 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The above loans were charged interest at a rate of 2.5% for any balances over £20,000.