PTP Accounts Production v23.4.0.336 00745938 Board of Directors 1.1.23 31.12.23 31.12.23 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh007459382022-12-31007459382023-12-31007459382023-01-012023-12-31007459382021-12-31007459382022-01-012022-12-31007459382022-12-3100745938ns15:EnglandWales2023-01-012023-12-3100745938ns14:PoundSterling2023-01-012023-12-3100745938ns10:Director12023-01-012023-12-3100745938ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3100745938ns10:SmallEntities2023-01-012023-12-3100745938ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3100745938ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3100745938ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3100745938ns10:FullAccounts2023-01-012023-12-3100745938ns10:Director22023-01-012023-12-3100745938ns10:CompanySecretary12023-01-012023-12-3100745938ns10:RegisteredOffice2023-01-012023-12-3100745938ns5:CurrentFinancialInstruments2023-12-3100745938ns5:CurrentFinancialInstruments2022-12-3100745938ns5:ShareCapital2023-12-3100745938ns5:ShareCapital2022-12-3100745938ns5:RetainedEarningsAccumulatedLosses2023-12-3100745938ns5:RetainedEarningsAccumulatedLosses2022-12-3100745938ns5:LandBuildings2023-01-012023-12-3100745938ns5:PlantMachinery2023-01-012023-12-3100745938ns5:LandBuildings2022-12-3100745938ns5:PlantMachinery2022-12-3100745938ns5:LandBuildings2023-12-3100745938ns5:PlantMachinery2023-12-3100745938ns5:LandBuildings2022-12-3100745938ns5:PlantMachinery2022-12-3100745938ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3100745938ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3100745938ns5:DeferredTaxation2022-12-3100745938ns5:DeferredTaxation2023-01-012023-12-3100745938ns5:DeferredTaxation2023-12-31
REGISTERED NUMBER: 00745938 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

S.M.S. Sewing Machines (Eccles) Limited

S.M.S. Sewing Machines (Eccles) Limited (Registered number: 00745938)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S.M.S. Sewing Machines (Eccles) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S Bamber
A Bamber





SECRETARY: A Bamber





REGISTERED OFFICE: 445-449 Liverpool Road
Eccles
Greater Manchester
M30 7HY





REGISTERED NUMBER: 00745938 (England and Wales)





ACCOUNTANTS: Robbins
176 Monton Road
Monton
Greater Manchester
M30 9GA

S.M.S. Sewing Machines (Eccles) Limited (Registered number: 00745938)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 123,374 124,078

CURRENT ASSETS
Inventories 15,578 29,921
Debtors 5 6,004 7,453
Cash at bank 85,527 77,145
107,109 114,519
CREDITORS
Amounts falling due within one year 6 53,340 46,835
NET CURRENT ASSETS 53,769 67,684
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,143

191,762

PROVISIONS FOR LIABILITIES 7 1,963 1,572
NET ASSETS 175,180 190,190

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 175,177 190,187
SHAREHOLDERS' FUNDS 175,180 190,190

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

S.M.S. Sewing Machines (Eccles) Limited (Registered number: 00745938)

Balance Sheet - continued
31 December 2023


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 2 April 2024 and were signed on its behalf by:





S Bamber - Director


S.M.S. Sewing Machines (Eccles) Limited (Registered number: 00745938)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

S.M.S. Sewing Machines (Eccles) 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.

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
Revenue 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.
Land and buildings - 1% on cost
Plant and machinery etc - 20% on cost and at varying rates on cost

Stocks
Inventories 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.

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.

S.M.S. Sewing Machines (Eccles) Limited (Registered number: 00745938)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 7 ).

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 130,117 78,661 208,778
Additions - 4,321 4,321
Disposals - (280 ) (280 )
At 31 December 2023 130,117 82,702 212,819
DEPRECIATION
At 1 January 2023 14,310 70,390 84,700
Charge for year 1,304 3,637 4,941
Eliminated on disposal - (196 ) (196 )
At 31 December 2023 15,614 73,831 89,445
NET BOOK VALUE
At 31 December 2023 114,503 8,871 123,374
At 31 December 2022 115,807 8,271 124,078

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,229 1,341
Other debtors 4,775 6,112
6,004 7,453

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 12,745 11,121
Taxation and social security 38,388 33,653
Other creditors 2,207 2,061
53,340 46,835

7. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 1,963 1,572

S.M.S. Sewing Machines (Eccles) Limited (Registered number: 00745938)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 1,572
Provided during year 391
Balance at 31 December 2023 1,963