REGISTERED NUMBER: 04893249 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SINGER MACHINES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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:

BK Plus Limited

Chartered Certified Accountants

13 Windsor Terrace

Jesmond

Newcastle upon Tyne

NE2 4HE

BANKERS:

Bank of Scotland plc

Edinburgh

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

491

376

Investments

6

504,259

479,421

504,750

479,797

CURRENT ASSETS

Stocks

414,563

370,386

Debtors

7

279,222

280,020

Cash at bank and in hand

1,659,656

1,771,687

2,353,441

2,422,093

CREDITORS

Amounts falling due within one year

8

202,800

162,291

NET CURRENT ASSETS

2,150,641

2,259,802

TOTAL ASSETS LESS CURRENT LIABILITIES

2,655,391

2,739,599

PROVISIONS FOR LIABILITIES

123

94

NET ASSETS

2,655,268

2,739,505

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,655,168

2,739,405

SHAREHOLDERS' FUNDS

2,655,268

2,739,505

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 30 September 2025 and were signed on its behalf by:

Mr. C S Mills - Director

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 11 (2023 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

42,000

AMORTISATION

At 1 January 2024

and 31 December 2024

42,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

18,229

Additions

420

At 31 December 2024

18,649

DEPRECIATION

At 1 January 2024

17,853

Charge for year

305

At 31 December 2024

18,158

NET BOOK VALUE

At 31 December 2024

491

At 31 December 2023

376

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

479,421

Revaluations

24,838

At 31 December 2024

504,259

NET BOOK VALUE

At 31 December 2024

504,259

At 31 December 2023

479,421

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

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

4,820

7,326

Other debtors

274,402

272,694

279,222

280,020

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

152,449

95,730

Taxation and social security

42,368

55,948

Other creditors

7,983

10,613

202,800

162,291

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.