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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 31 March 2017 |
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General Sewing Machines & Accessories |
Limited |
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REGISTERED NUMBER:
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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 31 March 2017 |
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for |
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General Sewing Machines & Accessories |
Limited |
General Sewing Machines & Accessories |
Limited (Registered number: 00188616) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2017 |
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Company Information | 1 |
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Report of the Directors | 2 |
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Income Statement | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 6 |
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General Sewing Machines & Accessories |
Limited |
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Company Information |
for the Year Ended 31 March 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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14 Austin Friars |
London |
EC2N 2HE |
General Sewing Machines & Accessories |
Limited (Registered number: 00188616) |
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Report of the Directors |
for the Year Ended 31 March 2017 |
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The directors present their report with the financial statements of the company for the year ended 31 March 2017. |
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PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of investment business. |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 1 April 2016 to the |
date of this report. |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act |
2006 relating to small companies. |
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ON BEHALF OF THE BOARD: |
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General Sewing Machines & Accessories |
Limited (Registered number: 00188616) |
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Income Statement |
for the Year Ended 31 March 2017 |
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2017 | 2016 |
Notes | £ | £ |
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TURNOVER |
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Administrative expenses |
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OPERATING LOSS | ( |
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Profit/loss on sale of invest | 4 |
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(3,832 | ) | (61,571 | ) |
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Income from fixed asset investments |
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PROFIT BEFORE TAXATION |
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Tax on profit | ( |
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PROFIT FOR THE FINANCIAL YEAR |
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General Sewing Machines & Accessories |
Limited (Registered number: 00188616) |
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Balance Sheet |
31 March 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Other reserves |
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Retained earnings |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and
387 of the Companies Act 2006 and |
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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) |
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Balance Sheet - continued |
31 March 2017 |
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The financial statements were approved by the Board of Directors on
signed on its behalf by: |
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General Sewing Machines & Accessories |
Limited (Registered number: 00188616) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2017 |
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1. | Statutory information |
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General Sewing Machines & Accessories Limited is a
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registered in England and Wales. The company's registered number and registered office |
address can be found on the Company Information page. |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not |
reversed at the balance sheet date. |
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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. |
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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. |
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3. | Employees and directors |
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The average monthly number of employees during the year was
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4. | Exceptional items |
2017 | 2016 |
£ | £ |
Profit/loss on sale of invest |
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( |
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General Sewing Machines & Accessories |
Limited (Registered number: 00188616) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
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5. | Fixed asset investments |
Other |
investments |
£ |
Cost |
At 1 April 2016 |
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Additions |
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Disposals | ( |
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At 31 March 2017 |
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Net book value |
At 31 March 2017 |
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At 31 March 2016 |
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6. | Debtors: amounts falling due within one year |
2017 | 2016 |
£ | £ |
Other debtors |
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7. | Creditors: amounts falling due within one year |
2017 | 2016 |
£ | £ |
Trade creditors | ( |
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Taxation and social security |
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Other creditors |
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