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REGISTERED NUMBER: 04893249 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SINGER MACHINES LIMITED

SINGER MACHINES LIMITED (REGISTERED NUMBER: 04893249)






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


SINGER MACHINES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr. C S Mills
Mrs. A E Mills



SECRETARY: Mrs. A E Mills



REGISTERED OFFICE: 217-219 Whitley Road
Whitley Bay
Tyne and Wear
NE26 2SY



REGISTERED NUMBER: 04893249 (England and Wales)



ACCOUNTANTS: Read, Milburn & Co
71 Howard Street
North Shields
Tyne and Wear
NE30 1AF



BANKERS: Bank of Scotland plc
Edinburgh

SINGER MACHINES LIMITED (REGISTERED NUMBER: 04893249)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 376 2,979
Investments 6 479,421 455,689
479,797 458,668

CURRENT ASSETS
Stocks 370,386 528,539
Debtors 7 280,020 6,269
Cash at bank and in hand 1,771,687 1,906,007
2,422,093 2,440,815
CREDITORS
Amounts falling due within one year 8 162,291 264,723
NET CURRENT ASSETS 2,259,802 2,176,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,739,599

2,634,760

PROVISIONS FOR LIABILITIES 94 745
NET ASSETS 2,739,505 2,634,015

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,739,405 2,633,915
SHAREHOLDERS' FUNDS 2,739,505 2,634,015

SINGER MACHINES LIMITED (REGISTERED NUMBER: 04893249)

BALANCE SHEET - continued
31 DECEMBER 2023


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.

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 26 September 2024 and were signed on its behalf by:





Mr. C S Mills - Director


SINGER MACHINES LIMITED (REGISTERED NUMBER: 04893249)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Singer Machines 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods excluding VAT. Income is recognised when the goods become available to customers.

Intangible fixed assets
Intangible fixed assets (including purchased goodwill) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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

Financial instruments
Financial instruments are shown at their market value, with any annual movement being reflected as a realised gain or loss in the profit and loss account.

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 9 (2022 - 10 ) .

SINGER MACHINES LIMITED (REGISTERED NUMBER: 04893249)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 42,000
AMORTISATION
At 1 January 2023
and 31 December 2023 42,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 17,813
Additions 416
At 31 December 2023 18,229
DEPRECIATION
At 1 January 2023 14,834
Charge for year 3,019
At 31 December 2023 17,853
NET BOOK VALUE
At 31 December 2023 376
At 31 December 2022 2,979

SINGER MACHINES LIMITED (REGISTERED NUMBER: 04893249)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 455,689
Revaluations 23,732
At 31 December 2023 479,421
NET BOOK VALUE
At 31 December 2023 479,421
At 31 December 2022 455,689

Listed investments are stated at fair value which, in the opinion of the directors, is equivalent to open market value.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,326 4,610
Other debtors 272,694 1,659
280,020 6,269

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 95,730 164,189
Taxation and social security 55,948 95,532
Other creditors 10,613 5,002
162,291 264,723

9. RELATED PARTY DISCLOSURES

Mr C S Mills and Mrs A E Mills were the recipients of the dividends.

The premises in which the company resides is owned by the directors and no rent was charged during the year.