REGISTERED NUMBER: 01582408 (England and Wales)

ST. BARNABAS SHOPS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

7

DIRECTORS:

G Dawson

A J M Maltby

Ms K J Rossdale

C D Wheway

SECRETARY:

A J M Maltby

REGISTERED OFFICE:

12 Cardinal Close

Lincoln

Lincolnshire

LN2 4SY

REGISTERED NUMBER:

01582408 (England and Wales)

AUDITORS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

BANKERS:

NatWest Bank

225 High Street

Lincoln

Lincolnshire

LN2 1AZ

SOLICITORS:

Andrew & Co LLP

St Swithin's Court

1 Flavin Road

Lincoln

LN2 4GR

FIXED ASSETS

Tangible assets

4

4,291

9,743

CURRENT ASSETS

Stocks

98,508

61,486

Debtors

5

165,431

105,684

Cash at bank and in hand

175,044

260,047

438,983

427,217

CREDITORS

Amounts falling due within one year

6

436,411

430,098

NET CURRENT ASSETS/(LIABILITIES)

2,572

(2,881

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,863

6,862

PROVISIONS FOR LIABILITIES

280

4,556

NET ASSETS

6,583

2,306

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

6,581

2,304

SHAREHOLDERS' FUNDS

6,583

2,306

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 4 September 2018 and were signed on its behalf by:

A J M Maltby - Director

1.	STATUTORY INFORMATION

St. Barnabas Shops 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical

accounting estimates. It also requires management to exercise judgment in applying the Company's accounting

policies.

The following accounting policies have been applied.

Revenue

Revenue is recognised to the extent that it is probable that the economic benefit will flow to the Company and

the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or

receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also

be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- the Company has transferred the significant risks and rewards of ownership to the buyer;

- the Company retains neither continuing managerial involvement to the degree usually associated with

ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probably that the Company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction con be measured reliably.

Recycling income

Revenue from the collection of rags is recognised when the entity is notified of the amount receivable.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any

accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the

assets to the location and condition necessary for it to be capable of operating in the manner intended by

management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful

lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles

- 25% straight line

Fixtures & fittings

- 10% straight line

Shop refurbishments

- 20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if

appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are

recognised in the Statement of Comprehensive Income.

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.

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 in

recognised immediately in the income statement.

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of

Comprehensive Income, except that a charge attributable to an item of income and expense recognised as

other comprehensive income or an item recognised directly in equity is also recognised in other

comprehensive income or directly in equity retrospectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or

substantively enacted by the Statement of Financial Position date in the countries where the Company

operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed

by the Statement of Financial position date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered

against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances

have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business

combinations, when deferred tax is recognised on the differences between the fair values od assets acquired

and the future tax deductions available for them and the differences between the fair values of liabilities

acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that

have been enacted or substantively enacted by the year end date.

Pension costs and other post-retirement benefits

The Company operates a defined contribution plan for its employees. A defined contribution plan is a 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.

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.

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 taxable profits.

Provision for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation

that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of

the amount of the obligation.

Provisions are charged as an expense to the Statement of Comprehensive Income in the year that the

Company becomes aware of the obligation, and are measured at the best estimate at the Statement of

Financial Position date of the expenditure required to settle the obligation, taking into account relevant risk

and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Statement of Financial

Position.

Operating leases: the Company as lessee

Rentals paid under operating leases are charges to the Statement of Comprehensive Income on a straight line

basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line

basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's

benefit for the use of the leased asset.

The Company has taken advantage of the optional exemption available on transition to FRS 102 which allows

lease incentives on leases entered into before the date of transition to the standard 01 April 2015 to continue

to be charged over the period to the first market rent review rather than the term of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2017 - 56 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

38,600

DEPRECIATION

At 1 April 2017

28,857

Charge for year

5,452

At 31 March 2018

34,309

NET BOOK VALUE

At 31 March 2018

4,291

At 31 March 2017

9,743

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

44,674

26,446

Other debtors

120,757

79,238

165,431

105,684

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

89,910

33,919

Amounts owed to group undertakings

272,906

290,157

Taxation and social security

-

13,752

Other creditors

73,595

92,270

436,411

430,098

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

-

8,420

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

2

Ordinary

£1

2

2

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Timothy Godson FCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Limited

10.	ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

The company is controlled by St Barnabas Hospice Trust (Lincolnshire).

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.

In the opinion of the directors this is the company's ultimate parent company.

11.	PENSION COMMITMENTS

The company contributes to money purchase pension schemes, the assets of which are held separately from

those of the company in independently administered funds. The pension cost charge for the year is shown in

note 6. Unpaid contributions at the year end amounted to £4,324 (2017 £44,213).