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REGISTERED NUMBER: 05012274 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 March 2024

for

March & May Limited

March & May Limited (Registered number: 05012274)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


March & May Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr D A Cross
Mrs C E Cross





REGISTERED OFFICE: Unit 6F
Westthorpe Fields Road
Killamarsh
Sheffield
South Yorkshire
S21 1TZ





REGISTERED NUMBER: 05012274 (England and Wales)





ACCOUNTANTS: Lishmans LLP
16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH

March & May Limited (Registered number: 05012274)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,309 30,291
Investment property 5 200,000 200,000
224,309 230,291

CURRENT ASSETS
Stocks 16,226 17,782
Debtors 6 678 494
Cash at bank 4,283 574
21,187 18,850
CREDITORS
Amounts falling due within one year 7 112,219 86,730
NET CURRENT LIABILITIES (91,032 ) (67,880 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,277

162,411

CAPITAL AND RESERVES
Called up share capital 10 10
Share premium 304,827 304,827
Fair value reserve 9 (48,668 ) (48,668 )
Retained earnings (122,892 ) (93,758 )
SHAREHOLDERS' FUNDS 133,277 162,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 & May Limited (Registered number: 05012274)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:





Mr D A Cross - Director


March & May Limited (Registered number: 05012274)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Haizum Limited is a private company, limited by shares, domiciled in England and Wales, registration number 05012274. The registered office is Unit 6F, Westthorpe Fields Road, Killamarsh, Sheffield, South Yorkshire S21 1TZ.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% reducing balance
Fixtures and fittings - 15% reducing balance basis
Computer equipment - 33% straight line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


March & May Limited (Registered number: 05012274)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

Going concern
The company meets its day to day working capital requirements through long term borrowing from the family of it's directors. The directors and their family will continue to provide facilities as they are required by the company to meet it's day to day requirements. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of any facility.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 51,784 12,632 1,880 66,296
Additions 81 - - 81
At 31 March 2024 51,865 12,632 1,880 66,377
DEPRECIATION
At 1 April 2023 24,170 10,431 1,404 36,005
Charge for year 5,540 333 190 6,063
At 31 March 2024 29,710 10,764 1,594 42,068
NET BOOK VALUE
At 31 March 2024 22,155 1,868 286 24,309
At 31 March 2023 27,614 2,201 476 30,291

March & May Limited (Registered number: 05012274)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 200,000
NET BOOK VALUE
At 31 March 2024 200,000
At 31 March 2023 200,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 678 494

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 559 301
Taxation and social security 363 -
Other creditors 111,297 86,429
112,219 86,730

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 (48,668 )