Samurai Incentives & Promotions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05088365 (England and Wales)

Samurai Incentives & Promotions Limited

Unaudited Financial Statements

For The Year Ended 31st March 2019

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

I Kerr

A Bull

D Woodward

SECRETARY:

REGISTERED OFFICE:

Unit 81 Centaur Court

Claydon Business Park

Gt. Blakenham

Ipswich

Suffolk

IP6 0NL

REGISTERED NUMBER:

05088365 (England and Wales)

ACCOUNTANTS:

John Phillips & Co Limited

Accountants

Unit 81 Centaur Court

Claydon Business Park

Gt. Blakenham

Ipswich

Suffolk

IP6 0NL

FIXED ASSETS

Tangible assets

4

1,597

2,247

Investments

5

291,900

-

293,497

2,247

CURRENT ASSETS

Debtors

6

1,443,360

865,893

Cash at bank

972,612

427,046

2,415,972

1,292,939

CREDITORS

Amounts falling due within one year

7

784,581

269,356

NET CURRENT ASSETS

1,631,391

1,023,583

TOTAL ASSETS LESS CURRENT LIABILITIES

1,924,888

1,025,830

CAPITAL AND RESERVES

Called up share capital

8

72

72

Retained earnings

9

1,924,816

1,025,758

SHAREHOLDERS' FUNDS

1,924,888

1,025,830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 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 on 29th November 2019 and were signed on its behalf by:

I Kerr - Director

1.	STATUTORY INFORMATION

Samurai Incentives & Promotions 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

Turnover 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.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Investments in associates

Investments in associate undertakings are recognised at cost.

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.

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 NIL (2018 - 8 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st April 2018

and 31st March 2019

826

4,803

11,981

17,610

DEPRECIATION

At 1st April 2018

770

2,806

11,787

15,363

Charge for year

56

400

194

650

At 31st March 2019

826

3,206

11,981

16,013

NET BOOK VALUE

At 31st March 2019

-

1,597

-

1,597

At 31st March 2018

56

1,997

194

2,247

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

Additions

291,900

At 31st March 2019

291,900

NET BOOK VALUE

At 31st March 2019

291,900

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

575,368

416,698

Amounts owed by participating interests

74,213

25,000

Other debtors

260,000

-

SM Global Consultancy Ltd

202,000

402,000

Loans

30,494

-

PK France

204,701

-

PK Benelux

74,943

6,874

VAT

18,938

12,618

Prepayments

2,703

2,703

1,443,360

865,893

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

499,223

108,387

Tax

252,940

100,461

Social security

30,255

19,032

Other creditors

-

30

Pension Control Account

1,213

496

Accrued expenses

950

40,950

784,581

269,356

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

6

Ordinary "B" Non-Voting

£1

6

6

Allotted and issued:

Number:

Class:

Nominal

2019

2018

value:

£

£

6,600

Share capital 3

1p

66

66

9.

RESERVES

Retained

earnings

£

At 1st April 2018

1,025,758

Profit for the year

1,039,934

Dividends

(140,876

)

At 31st March 2019

1,924,816