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REGISTERED NUMBER: 00188616 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2024 to 17 October 2024

for

General Sewing Machines & Accessories
Limited

General Sewing Machines & Accessories
Limited (Registered number: 00188616)

Contents of the Financial Statements
for the Period 1 April 2024 to 17 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


General Sewing Machines & Accessories
Limited

Company Information
for the Period 1 April 2024 to 17 October 2024







DIRECTOR: J E G McLean





REGISTERED OFFICE: 40 Welbeck Street
London
W1G 8LN





REGISTERED NUMBER: 00188616 (England and Wales)





ACCOUNTANTS: Pawley & Malyon
Salisbury House
London
EC2M 5SQ

General Sewing Machines & Accessories
Limited (Registered number: 00188616)

Balance Sheet
17 October 2024

17/10/24 31/3/24
Notes £    £   
CURRENT ASSETS
Debtors 4 9,652,379 10,151,458

CREDITORS
Amounts falling due within one year 5 3,000 499,081
NET CURRENT ASSETS 9,649,379 9,652,377
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,649,379

9,652,377

CAPITAL AND RESERVES
Called up share capital 209 209
Other reserves 24,743 24,743
Retained earnings 9,624,427 9,627,425
9,649,379 9,652,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 17 October 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 17 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

General Sewing Machines & Accessories
Limited (Registered number: 00188616)

Balance Sheet - continued
17 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 27 November 2024 and were signed by:





J E G McLean - Director


General Sewing Machines & Accessories
Limited (Registered number: 00188616)

Notes to the Financial Statements
for the Period 1 April 2024 to 17 October 2024


1. Statutory information

General Sewing Machines & Accessories 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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the period 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 period 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.

General Sewing Machines & Accessories
Limited (Registered number: 00188616)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 17 October 2024


3. Employees and directors

The average number of employees during the period was 1 (2024 - 1 ) .

4. Debtors: amounts falling due within one year
17/10/24 31/3/24
£    £   
Other debtors 9,652,379 10,151,458

5. Creditors: amounts falling due within one year
17/10/24 31/3/24
£    £   
Taxation and social security - 493,066
Other creditors 3,000 6,015
3,000 499,081