REGISTERED NUMBER:
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ST BARNABAS PROMOTIONS LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2020 |
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REGISTERED NUMBER:
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ST BARNABAS PROMOTIONS LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2020 |
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ST BARNABAS PROMOTIONS LIMITED (REGISTERED NUMBER: 03201001) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2020 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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ST BARNABAS PROMOTIONS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2020 |
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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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SENIOR STATUTORY AUDITOR: |
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AUDITORS: |
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4 Henley Way |
Doddington Road |
Lincoln |
Lincolnshire |
LN6 3QR |
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BANKERS: |
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225 High Street |
Lincoln |
LN2 1AZ |
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SOLICITORS: |
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1 Flavian Road |
Nettleham Road |
Lincoln |
Lincolnshire |
LN2 4GR |
ST BARNABAS PROMOTIONS LIMITED (REGISTERED NUMBER: 03201001) |
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STATEMENT OF FINANCIAL POSITION |
31 MARCH 2020 |
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2020 | 2019 |
Notes | £ | £ |
CURRENT ASSETS |
Inventories |
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Debtors | 4 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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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 | 6 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on
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ST BARNABAS PROMOTIONS LIMITED (REGISTERED NUMBER: 03201001) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2020 |
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1. | STATUTORY INFORMATION |
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St Barnabas Promotions Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Revenue |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. The following accounting policies are applied to revenue: |
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Lottery income |
Lottery income is accounted for as tickets when tickets are entered into the appropriate draw. Lottery scratch card income is accounted for when the scratch cards are sold. |
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Donations |
Donations are reported gross and any related fundraising costs are reported as expenditure. |
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Interest income |
Interest income is recognised in the Statement of Comprehensive Income using the effective interest method. |
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Stocks |
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. |
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At each statement of financial position date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in income statement. |
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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 statement of financial position date. |
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ST BARNABAS PROMOTIONS LIMITED (REGISTERED NUMBER: 03201001) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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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Pensions |
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. |
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The contributions are recognised as an expense in the Statement of comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position The assets of the plan are held separately from the Company in independently administered funds. |
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Distributions |
Taxable profits transferred to the parent entity, a registered charity, are recognised as distributions from equity when the company has made an irrecoverable commitment to the parent to pay the taxable profits. |
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Going concern |
Following the impact of Covid-19, these account have been prepared on a going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Amounts owed by group undertakings |
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Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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ST BARNABAS PROMOTIONS LIMITED (REGISTERED NUMBER: 03201001) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £ | £ |
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Ordinary | £1 | 2 | 2 |
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7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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8. | PENSION COMMITMENTS |
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The company contributes to money purchase pension schemes, the assets of which are held separately from those of the company in independently administered funds. Unpaid contributions at the year end amounted to £Nil (2019: £497). |
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9. | POST BALANCE SHEET EVENTS |
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At the year end, the United Kingdom was in a period of lockdown as a result of the Covid 19 worldwide pandemic. As the majority of the companies sales are online, the company has not been affected by the pandemic and has been able to continue to trade as normal. |
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10. | ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY |
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The company is controlled by St Barnabas Hospice Trust (Lincolnshire). |
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The parent undertaking of the largest and smallest group for which consolidated accounts are prepared is St Barnabas Hospice Trust (Lincolnshire). Consolidated accounts are available from 36 Nettleham Road,Lincoln. |
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In the opinion of the directors this is the company's ultimate parent company. |