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Registered number
05882294
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Woodsley Road Multicultural Community Centre Report and Accounts
31 July 2022
Woodsley Road Multicultural Community Centre Report and accounts Contents
Page Company information 1 Directors' report 2 Accountants' report 3 Profit and loss account 4 Balance sheet 5 Statement of changes in equity 6 Notes to the accounts 7 Woodsley Road Multicultural Community Centre Company Information Directors Mr Q Hussain Accountants Farooqui Associates Ltd 22 Burley Street Leeds LS3 1LB Registered office 64 Woodsley Road Leeds LS3 1DU Registered number 05882294 Woodsley Road Multicultural Community Centre Registered number: 05882294 Directors' Report The directors present their report and accounts for the year ended 31 July 2022. Principal activities The company's principal activity during the year continued to be community centre. Directors The following persons served as directors during the year: Mr Q Hussain Small company provisions This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. This report was approved by the board on 18 April 2023 and signed on its behalf. Mr Q Hussain Director Woodsley Road Multicultural Community Centre Accountants' Report Accountants' report to the directors of Woodsley Road Multicultural Community Centre You consider that the company is exempt from an audit for the year ended 31 July 2022. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Farooqui Associates Ltd Accountants 22 Burley Street Leeds LS3 1LB 18 April 2023 Woodsley Road Multicultural Community Centre Profit and Loss Account for the year ended 31 July 2022 2022 2021 £ £ Turnover 51,193 8,234 Cost of sales (16,679) - Gross profit 34,514 8,234 Administrative expenses (41,513) (14,090) - Other operating income 14,643 Operating (loss)/profit (6,999) 8,787 (Loss)/profit before taxation (6,999) 8,787 - - Tax on (loss)/profit (Loss)/profit for the financial year (6,999) 8,787 Woodsley Road Multicultural Community Centre Registered number: 05882294 Balance Sheet as at 31 July 2022 Notes 2022 2021 £ £ Fixed assets Tangible assets 3 12,128 14,456 Current assets Debtors 4 - 1,015 Cash at bank and in hand 85,893 89,032 85,893 90,047 Creditors: amounts falling due within one year 5 (5,912) (5,395) Net current assets 79,981 84,652 Net assets 92,109 99,108 Capital and reserves Called up share capital 100 100 Revaluation reserve 6 26,198 26,198 Profit and loss account 65,811 72,810 Shareholders' funds 92,109 99,108 The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. Mr Q Hussain Director Approved by the board on 18 April 2023 Woodsley Road Multicultural Community Centre Statement of Changes in Equity for the year ended 31 July 2022 Share Share ReProfit Total capital premium valuation and loss reserve account £ £ £ £ £ At 1 August 2020 100 - 26,198 64,023 90,321 Profit for the financial year 8,787 8,787 At 31 July 2021 100 - 26,198 72,810 99,108 At 1 August 2021 100 - 26,198 72,810 99,108 Loss for the financial year (6,999) (6,999) At 31 July 2022 100 - 26,198 65,811 92,109 Woodsley Road Multicultural Community Centre Notes to the Accounts for the year ended 31 July 2022 1 Accounting policies Basis of preparation The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). 2 Employees 2022 2021 Number Number Average number of persons employed by the company 1 1 3 Tangible fixed assets Plant and machinery etc £ Cost At 1 August 2021 39,562 At 31 July 2022 39,562 Depreciation At 1 August 2021 25,106 Charge for the year 2,328 At 31 July 2022 27,434 Net book value At 31 July 2022 12,128 At 31 July 2021 14,456 4 Debtors 2022 2021 £ £ Trade debtors - 1,015 5 Creditors: amounts falling due within one year 2022 2021 £ £ Trade creditors 2,271 2,150 Taxation and social security costs 569 (88) Other creditors 3,072 3,333 5,912 5,395 6 Revaluation reserve 2022 2021 £ £ At 1 August 2021 26,198 26,198 At 31 July 2022 26,198 26,198 7 Other information Woodsley Road Multicultural Community Centre is a private company limited by shares and incorporated in England. Its registered office is: 64 Woodsley Road Leeds LS3 1DU Woodsley Road Multicultural Community Centre Detailed profit and loss account for the year ended 31 July 2022 This schedule does not form part of the statutory accounts 2022 2021 £ £ Sales 51,193 8,234 Cost of sales (16,679) - Gross profit 34,514 8,234 Administrative expenses (41,513) (14,090) - Other operating income 14,643 Operating (loss)/profit (6,999) 8,787 (Loss)/profit before tax (6,999) 8,787 Woodsley Road Multicultural Community Centre Detailed profit and loss account for the year ended 31 July 2022 This schedule does not form part of the statutory accounts 2022 2021 £ £ Sales Sales 51,193 8,234 Cost of sales Purchases 7,060 - Subcontractor costs 9,619 - - 16,679 Administrative expenses Employee costs: Wages and salaries 14,260 1,255 14,260 1,255 Premises costs: Rates 791 308 Light and heat 6,996 3,209 Cleaning - 713 7,787 4,230 General administrative expenses: Telephone and internet 422 365 Stationery and printing 9 119 Bank charges 80 - Insurance 2,271 1,944 Repairs and maintenance 12,311 3,631 Depreciation 2,328 1,607 Sundry expenses 1,325 219 18,746 7,885 Legal and professional costs: Accountancy fees 720 720 720 720 41,513 14,090 Other operating income - Other operating income 14,643