Acorah Software Products - Accounts Production 14.5.601 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 03922227 A Whybrow Dr D Whybrow A Whybrow iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03922227 2023-03-31 03922227 2024-03-31 03922227 2023-04-01 2024-03-31 03922227 frs-core:CurrentFinancialInstruments 2024-03-31 03922227 frs-core:Non-currentFinancialInstruments 2024-03-31 03922227 frs-core:PlantMachinery 2024-03-31 03922227 frs-core:PlantMachinery 2023-04-01 2024-03-31 03922227 frs-core:PlantMachinery 2023-03-31 03922227 frs-core:ShareCapital 2024-03-31 03922227 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03922227 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03922227 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03922227 frs-bus:SmallEntities 2023-04-01 2024-03-31 03922227 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03922227 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03922227 frs-bus:Director1 2023-04-01 2024-03-31 03922227 frs-bus:Director2 2023-04-01 2024-03-31 03922227 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 03922227 frs-countries:EnglandWales 2023-04-01 2024-03-31 03922227 2022-03-31 03922227 2023-03-31 03922227 2022-04-01 2023-03-31 03922227 frs-core:CurrentFinancialInstruments 2023-03-31 03922227 frs-core:Non-currentFinancialInstruments 2023-03-31 03922227 frs-core:ShareCapital 2023-03-31 03922227 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 03922227
March Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03922227
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 501 625
501 625
CURRENT ASSETS
Cash at bank and in hand 206 147
206 147
Creditors: Amounts Falling Due Within One Year 5 (432 ) (342 )
NET CURRENT ASSETS (LIABILITIES) (226 ) (195 )
TOTAL ASSETS LESS CURRENT LIABILITIES 275 430
Creditors: Amounts Falling Due After More Than One Year 6 (48,243 ) (46,946 )
NET LIABILITIES (47,968 ) (46,516 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (47,970 ) (46,518 )
SHAREHOLDERS' FUNDS (47,968) (46,516)
Page 1
Page 2
For the year ending 31 March 2024 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
Dr D Whybrow
Director
16 April 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
March Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03922227 . The registered office is 235 Oxclose Lane, Arnold, Nottingham, Nottinghamshire, NG5 6FB.
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. Going Concern Disclosure
The financial statements have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on the continued support of the director not requiring the withdrawal of the monies owed to them until sufficient funds are available. If the company were unable to trade, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.
2.3. 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.
2.4. 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:
Plant & Machinery 25% reducing balance basis
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 10,463
As at 31 March 2024 10,463
Depreciation
As at 1 April 2023 9,838
Provided during the period 124
As at 31 March 2024 9,962
...CONTINUED
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Net Book Value
As at 31 March 2024 501
As at 1 April 2023 625
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 432 342
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 48,243 46,946
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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