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REGISTERED NUMBER: 07029400 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

MARCH HIRE CENTRE LTD

MARCH HIRE CENTRE LTD (REGISTERED NUMBER: 07029400)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


MARCH HIRE CENTRE LTD (REGISTERED NUMBER: 07029400)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,709 39,901

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 5 30,446 32,493
Cash at bank and in hand 6,411 9,846
39,857 45,339
CREDITORS
Amounts falling due within one year 6 48,220 44,516
NET CURRENT (LIABILITIES)/ASSETS (8,363 ) 823
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,346

40,724

CREDITORS
Amounts falling due after more than one
year

7

20,360

4,096
NET ASSETS 26,986 36,628

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 26,886 36,528
SHAREHOLDERS' FUNDS 26,986 36,628

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 HIRE CENTRE LTD (REGISTERED NUMBER: 07029400)

BALANCE SHEET - continued
31 OCTOBER 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 director and authorised for issue on 25 July 2025 and were signed by:





Mrs C A Fisher - Director


MARCH HIRE CENTRE LTD (REGISTERED NUMBER: 07029400)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

March Hire Centre Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07029400

Registered office: 46 Badgeney Road
March
Cambridgeshire
PE15 9AS

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Office & computer equipment - 15% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

MARCH HIRE CENTRE LTD (REGISTERED NUMBER: 07029400)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Office &
Plant and computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2023 99,262 3,760 103,022
Additions 37,000 - 37,000
Disposals (20,100 ) - (20,100 )
At 31 October 2024 116,162 3,760 119,922
DEPRECIATION
At 1 November 2023 62,574 547 63,121
Charge for year 12,615 482 13,097
Eliminated on disposal (12,005 ) - (12,005 )
At 31 October 2024 63,184 1,029 64,213
NET BOOK VALUE
At 31 October 2024 52,978 2,731 55,709
At 31 October 2023 36,688 3,213 39,901

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 November 2023 15,200
Additions 37,000
At 31 October 2024 52,200
DEPRECIATION
At 1 November 2023 3,648
Charge for year 9,094
At 31 October 2024 12,742
NET BOOK VALUE
At 31 October 2024 39,458
At 31 October 2023 11,552

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,006 14,073
Other debtors 23,440 18,420
30,446 32,493

MARCH HIRE CENTRE LTD (REGISTERED NUMBER: 07029400)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 783 472
Hire purchase contracts 10,266 4,615
Trade creditors 11,675 15,590
Taxation and social security 3,756 6,707
Other creditors 21,740 17,132
48,220 44,516

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 20,360 4,096

8. TRANSACTIONS WITH DIRECTOR

Included in other creditors is a loan from the director to the company amounting to £11,580 (2023 - £12,050). This loan is non-interest bearing and repayable on demand.

9. RELATED PARTY DISCLOSURES

During the year the company traded on a commercial basis with Roy Fisher Groundworks (March) Ltd and RCF Commercials (March) Ltd. The director is the sole director and shareholder of these companies.

Transactions and balances with these companies were as follows:-


Roy Fisher
Groundworks (March) Ltd
RCF Commercials
(March ) Ltd
2024202320242023
Sales£12,952£13,659£0£0
Purchases£14,427£19,716£149£455
Owed to March Hire Centre Ltd£232£1,781£0£0
Owed by March Hire Centre Ltd£7,458£7,949£45£0

The company also rented premises from Roy Fisher Groundworks (March) Ltd, paying a market rate rent in the year of £8,760 (2022 - £6,535).

Included in other creditors falling due within one year is a loan from Roy Fisher Groundworks (March) Ltd amounting to £7,410 (2023 - £3,981).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs C A Fisher.