REGISTERED NUMBER: 08695584 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

MARCH SELF STORE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Moore

Mrs M Moore

C 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

FIXED ASSETS

Tangible assets

4

315,652

317,668

CURRENT ASSETS

Debtors

5

8,360

3,326

CREDITORS

Amounts falling due within one year

6

142,522

170,445

NET CURRENT LIABILITIES

(134,162

)

(167,119

)

TOTAL ASSETS LESS CURRENT LIABILITIES

181,490

150,549

CREDITORS

Amounts falling due after more than one year

7

(27,498

)

(18,334

)

PROVISIONS FOR LIABILITIES

(400

)

(20,900

)

NET ASSETS

153,592

111,315

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

153,590

111,313

SHAREHOLDERS' FUNDS

153,592

111,315

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 15 December 2025 and were signed on its behalf by:

R Moore - Director

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 £134,162 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.

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 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

143,361

248,254

642

22,450

414,707

Additions

-

12,942

-

7,654

20,596

At 31 March 2025

143,361

261,196

642

30,104

435,303

DEPRECIATION

At 1 April 2024

20,662

61,221

289

14,867

97,039

Charge for year

7,178

12,973

87

2,374

22,612

At 31 March 2025

27,840

74,194

376

17,241

119,651

NET BOOK VALUE

At 31 March 2025

115,521

187,002

266

12,863

315,652

At 31 March 2024

122,699

187,033

353

7,583

317,668

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,046

1,541

Other debtors

7,314

1,785

8,360

3,326

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

19,787

28,234

Trade creditors

44,678

11,942

Taxation and social security

11,756

21,429

Other creditors

66,301

108,840

142,522

170,445

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

27,498

18,334

31.3.25

31.3.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,825

-

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

40,980

9,730

Between one and five years

61,642

21,892

102,622

31,622

9.	SECURED DEBTS

There is a debenture in place in favour of Allica Bank Limited that contains fixed and floating charges over the assets of the company.

The debt is in the name of R Moore, a director of the company, and the amount outstanding at 31 March 2025 was £403,525 (2024: £Nil).