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 31 March 2021

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

4,330

6,721

Investments

5

291,850

291,850

296,180

298,571

CURRENT ASSETS

Debtors

6

943,863

1,066,372

Cash at bank and in hand

204,695

676,942

1,148,558

1,743,314

CREDITORS

Amounts falling due within one year

7

320,438

413,411

NET CURRENT ASSETS

828,120

1,329,903

TOTAL ASSETS LESS CURRENT LIABILITIES

1,124,300

1,628,474

CAPITAL AND RESERVES

Called up share capital

8

66

66

Retained earnings

9

1,124,234

1,628,408

SHAREHOLDERS' FUNDS

1,124,300

1,628,474

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 23 December 2021 and were signed on its behalf by:

D Woodward - 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

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 12 (2020 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2020

and 31 March 2021

2,935

4,803

4,645

12,383

DEPRECIATION

At 1 April 2020

587

3,527

1,548

5,662

Charge for year

587

256

1,548

2,391

At 31 March 2021

1,174

3,783

3,096

8,053

NET BOOK VALUE

At 31 March 2021

1,761

1,020

1,549

4,330

At 31 March 2020

2,348

1,276

3,097

6,721

5.	FIXED ASSET INVESTMENTS

Interest

in other

participating

interests

£

COST

At 1 April 2020

and 31 March 2021

291,850

NET BOOK VALUE

At 31 March 2021

291,850

At 31 March 2020

291,850

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

278,607

217,836

Amounts owed by participating interests

2,431

-

Other debtors

169,279

169,279

Commercial Loan - D Woodward

40,875

75,000

PK Poland

8,642

8,642

SM Global Consultancy Ltd

-

202,000

PK France

271,630

283,293

PK Benelux

78,501

78,501

Directors' loan accounts

4,924

-

Tax

65,010

-

VAT

19,149

27,006

Prepayments

4,815

4,815

943,863

1,066,372

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

169,898

156,316

Amounts owed to participating interests

3,961

-

Tax

6,619

91,619

Social security

7,290

35,509

Other creditors

126,651

126,651

Nett wages

3,777

(107

)

Pension Control Account

1,292

2,473

Accrued expenses

950

950

320,438

413,411

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.21

31.3.20

value:

£

£

6,600

Share capital 3

1p

66

66

9.

RESERVES

Retained

earnings

£

At 1 April 2020

1,628,408

Deficit for the year

(277,606

)

Dividends

(226,568

)

At 31 March 2021

1,124,234

10.	ULTIMATE CONTROLLING PARTY

The controlling party is SIP London Holdings Limited.