Registered number: 04639400
MERSEYSIDE TAMIL SCHOOL DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021
Islam & Co
Merseyside Tamil School Directors' Report and Unaudited Financial Statements For The Year Ended 31 January 2021
| Contents | |
|---|---|
| Page | |
| Company Information | 2 |
| Directors' Report | 3 |
| Accountants' Report | 4 |
| Profit and Loss Account | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7—8 |
| The following pages do not form part of the statutory accounts: | |
| Trading Profit and Loss Account | 9 |
Page 1
Merseyside Tamil School Company Information For The Year Ended 31 January 2021
| Directors | Mr Murugesu Thamilmaran |
|---|---|
| Mr Murugesu Kuperan | |
| Mr Sinenthiran Jeganathan | |
| Mr Somas Ahilen | |
| Mr Ailesepillai Sivakumar | |
| Mr Sellathurai Jeyakumar | |
| Company Number | 04639400 |
| Registered Office | 85-87 Vauxhall Road |
| Liverpool | |
| Merseyside | |
| L3 6BN | |
| Accountants | Islam & Co |
| Chartered Accountants & Business Advisors | |
| 85-87 Vauxhall Road | |
| Liverpool | |
| L3 6BN |
Page 2
Merseyside Tamil School Company No. 04639400 Directors' Report For The Year Ended 31 January 2021
The directors present their report and the financial statements for the year ended 31 January 2021.
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgments and accounting estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Directors
The directors who held office during the year were as follows: Mr Murugesu Thamilmaran Mr Murugesu Kuperan Mr Sinenthiran Jeganathan Mr Somas Ahilen Mr Ailesepillai Sivakumar Mr Sellathurai Jeyakumar
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
By order of the board
Date
Page 3
Merseyside Tamil School Accountants' Report For The Year Ended 31 January 2021
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 January 2021 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Date
Islam & Co Chartered Accountants & Business Advisors 85-87 Vauxhall Road Liverpool L3 6BN
Page 4
Merseyside Tamil School Profit and Loss Account For The Year Ended 31 January 2021
| Notes TURNOVER Cost of sales GROSS PROFIT Administrative expenses Other operating income OPERATING PROFIT Interest payable and similar charges PROFIT FOR THE FINANCIAL YEAR |
2021 £ 60,707 (15,953) 44,754 (45,658) 10,000 9,096 (1,111) 7,985 |
2020 £ 70,287 - |
|---|---|---|
| 70,287 (59,957) - |
||
| 10,330 (1,439) |
||
| 8,891 |
The notes on pages 7 to 8 form part of these financial statements.
Page 5
Merseyside Tamil School Balance Sheet As at 31 January 2021
| Notes FIXED ASSETS Tangible Assets 3 CURRENT ASSETS Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 4 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES Creditors: Amounts Falling Due After More Than One Year 5 NET ASSETS Profit and Loss Account SHAREHOLDERS' FUNDS |
2021 £ £ 234,719 234,719 11,183 11,183 (1,920) 9,263 243,982 (51,344) 192,638 192,638 192,638 |
2021 £ £ 234,719 234,719 11,183 11,183 (1,920) 9,263 243,982 (51,344) 192,638 192,638 192,638 |
2020 £ £ 235,578 235,578 8,117 8,117 (1,200) 6,917 242,495 (57,842) 184,653 184,653 184,653 |
2020 £ £ 235,578 235,578 8,117 8,117 (1,200) 6,917 242,495 (57,842) 184,653 184,653 184,653 |
|---|---|---|---|---|
| 234,719 9,263 |
235,578 6,917 |
|||
| 11,183 (1,920) |
8,117 (1,200) |
|||
| 243,982 | 242,495 | |||
| (51,344) | (57,842) | |||
| 192,638 | 184,653 | |||
| 192,638 | 184,653 | |||
| 192,638 | 184,653 |
For the year ending 31 January 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Date
The notes on pages 7 to 8 form part of these financial statements.
Page 6
Merseyside Tamil School Notes to the Financial Statements For The Year Ended 31 January 2021
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2020: 3)
3. Tangible Assets
| Cost As at 1 February 2020 As at 31 January 2021 Depreciation As at 1 February 2020 Provided during the period As at 31 January 2021 Net Book Value As at 31 January 2021 As at 1 February 2020 4. Creditors: Amounts Falling Due Within One Year Accruals and deferred income |
Land & Property Freehold £ 233,789 |
Land & Property Freehold £ 233,789 |
Fixtures & Fittings £ 4,971 |
Total £ 238,760 |
|---|---|---|---|---|
| 233,789 | 4,971 | 238,760 | ||
| - - |
3,182 859 |
3,182 859 |
||
| - | 4,041 | 4,041 | ||
| 233,789 | 930 | 234,719 | ||
| 233,789 | 1,789 | 235,578 | ||
| 2021 £ 1,920 1,920 |
2020 £ 1,200 |
|||
| 1,200 |
Page 7
Merseyside Tamil School Notes to the Financial Statements (continued) For The Year Ended 31 January 2021
- Creditors: Amounts Falling Due After More Than One Year
| . Creditors: Amounts Falling Due After More Than One Year |
||
|---|---|---|
| Bank loans | 2021 £ 51,344 51,344 |
2020 £ 57,842 |
| 57,842 |
6. General Information
Merseyside Tamil School is a private company, limited by shares, incorporated in England & Wales, registered number 04639400. The registered office is 85-87 Vauxhall Road , Liverpool, Merseyside, L3 6BN.
Page 8
Merseyside Tamil School Trading Profit and Loss Account For The Year Ended 31 January 2021
| TURNOVER Donations COST OF SALES Purchases GROSS PROFIT Administrative Expenses Wages and salaries Rates Light and heat Cleaning Repairs, renewals and maintenance Insurance Telecommunications and data costs Accountancy fees Bank charges Depreciation of fixtures and fittings Food & Refreshments Other Operating Income Other coronavirus grant income OPERATING PROFIT Interest payable and similar expenses Bank interest payable PROFIT FOR THE FINANCIAL YEAR |
2021 £ £ 60,707 15,953 (15,953) 44,754 30,643 1,250 7,880 1,198 622 1,418 851 720 217 859 - (45,658) 10,000 10,000 9,096 1,111 (1,111) 7,985 |
2021 £ £ 60,707 15,953 (15,953) 44,754 30,643 1,250 7,880 1,198 622 1,418 851 720 217 859 - (45,658) 10,000 10,000 9,096 1,111 (1,111) 7,985 |
2020 £ £ 70,287 - - 70,287 31,348 1,231 8,153 1,852 345 1,079 935 720 201 859 13,234 (59,957) - - 10,330 1,439 (1,439) 8,891 |
2020 £ £ 70,287 - - 70,287 31,348 1,231 8,153 1,852 345 1,079 935 720 201 859 13,234 (59,957) - - 10,330 1,439 (1,439) 8,891 |
|---|---|---|---|---|
| 30,643 1,250 7,880 1,198 622 1,418 851 720 217 859 - |
31,348 1,231 8,153 1,852 345 1,079 935 720 201 859 13,234 |
|||
| 44,754 (45,658) 10,000 |
70,287 (59,957) - |
|||
| 10,000 | - | |||
| 1,111 | 1,439 | |||
| 9,096 (1,111) |
10,330 (1,439) |
|||
| 7,985 | 8,891 |
Page 9