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REGISTERED NUMBER: 01017563 (England and Wales)















MARCH MAY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2022 TO 31 DECEMBER 2023






MARCH MAY LIMITED (REGISTERED NUMBER: 01017563)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6


MARCH MAY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023







DIRECTORS: Mr I A Hornsby
Mr A J Hornsby
Mr D E Nott
Mr A C Nott





SECRETARY: Mr A J Hornsby





REGISTERED OFFICE: Eaton Works
Howard Road
Eaton Socon
St. Neots
Cambridgeshire
PE19 8NZ





REGISTERED NUMBER: 01017563 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Princes Court
Royal Way
Loughborough
Leicestershire
LE11 5XR

MARCH MAY LIMITED (REGISTERED NUMBER: 01017563)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 378,136 408,887
Investments 5 51 51
378,187 408,938

CURRENT ASSETS
Inventories 763,226 508,727
Debtors 6 459,284 731,503
Cash at bank and in hand 140,464 270,362
1,362,974 1,510,592
CREDITORS
Amounts falling due within one year 7 274,675 282,655
NET CURRENT ASSETS 1,088,299 1,227,937
TOTAL ASSETS LESS CURRENT LIABILITIES 1,466,486 1,636,875

PROVISIONS FOR LIABILITIES 31,528 60,651
NET ASSETS 1,434,958 1,576,224

CAPITAL AND RESERVES
Called up share capital 8 768 768
Capital redemption reserve 1,632 1,632
Retained earnings 1,432,558 1,573,824
SHAREHOLDERS' FUNDS 1,434,958 1,576,224

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

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

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 29 August 2024 and were signed on its behalf by:




Mr A C Nott - Director


MARCH MAY LIMITED (REGISTERED NUMBER: 01017563)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

March May 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 (£).


The significant accounting policies applied in the preparation of these financial statements are set out below.The policies have been consistently applied to all years presented unless otherwise stated.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A ''Small Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared on a going concern basis, under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about March May Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised upon the despatch of goods or when services are performed.

Property, plant and equipment
Property, plant and equipment is stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings FreeholdBuildings straight line over 25 years. Land is not depreciated and
carried at cost
Plant and machinery7 years or 3 years straight line as considered appropriate
Fixtures, fittings & equipment7 years or 3 years straight line as considered appropriate
Motor Vehicles4 years straight line

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the income statement.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment is recognised immediately in the income statement.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost, less impairment.

Inventories
Inventories are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.


MARCH MAY LIMITED (REGISTERED NUMBER: 01017563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at a fixed rate of exchange. All differences are taken to profit and loss.

Pensions
The company operates two defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to profit or loss in the period to which they relate.

Government grants
Government grants are recognised when there is reasonable assurance that the grant will be received, and any conditions attached will be complied with. Grants are recognised as income over the period necessary to match them with the related costs, for which they are intended to compensate, on a systematic basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 21 (2022 - 21 ) .

MARCH MAY LIMITED (REGISTERED NUMBER: 01017563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 437,437 975,658 1,413,095
Additions - 205,782 205,782
Disposals (437,437 ) (48,930 ) (486,367 )
At 31 December 2023 - 1,132,510 1,132,510
DEPRECIATION
At 1 September 2022 304,578 699,630 1,004,208
Charge for period - 103,674 103,674
Eliminated on disposal (304,578 ) (48,930 ) (353,508 )
At 31 December 2023 - 754,374 754,374
NET BOOK VALUE
At 31 December 2023 - 378,136 378,136
At 31 August 2022 132,859 276,028 408,887

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2022
and 31 December 2023 51
NET BOOK VALUE
At 31 December 2023 51
At 31 August 2022 51

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 441,034 714,215
Other debtors - 2,250
Prepayments and accrued income 18,250 15,038
459,284 731,503

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payments on account 15,760 6,458
Trade creditors 138,164 111,835
Amounts owed to group undertakings 3,498 425
Corporation tax 679 15,591
Other taxes and social security 89,897 60,579
Other creditors 10,183 4,622
Accrued expenses 16,494 83,145
274,675 282,655

MARCH MAY LIMITED (REGISTERED NUMBER: 01017563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
768 Ordinary £1 768 768

9. EXCEPTIONAL ITEMS

During the year the company transferred land and buildings with a net book value of £132,855 to March May (Holdings) Limited at market value of £1,300,000. March May (Holdings) Limited owns 100% of the share capital in March May Limited.