2020-09-01-accounts

Registered Number

5512936 Charity Number 1120284

AFIFAH ACADEMY

Reported and Unaudited Accounts

1 September 2020

AFIFAH ACADEMY Report and account Contents

	Page
Company Information	1
Directors’ Report	2
Accounts by Directors Discipline Report	3
Profit and Loss Account	4
Balance Sheet	5
Notes to the accounts	6-7

AFIFAH ACADEMY

Company Information

Directors

Mr Hamid Mahomed Chunara

Mr Asif Khamisa

Mr Abdul Huy Malek

Mr Mahmed Hanif Sidyot

Accounts completed internally from directors’ discipline

Registered Number

5512936

Bank

National Westminister Bank Pls

438 Barlow Moor Road

Chorlton Cum Hardy

Manchester

M21 0BR

2.

AFIFAH ACADEMY

Registered Number: 5512936

Directors’ Report

The directors present their report and accounts for the year ended 1 September 2020.

Principal activities

The principal activity of the company is running a private girl’s school providing secondary education

Directors

The following persons serves as directors during the year:

Mr Hamid Mohamed Chunara

Mr Asif Khamisa

Mr Abdul Huy Malek

Mr Mahmed Hanif Sidyot

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 30 April 2020 and signed on its behalf.

AFIFAH ACADEMY

Report by directors’ discipline

The preparation of unaudited statutory accounts has been constructed from the directors’ discipline for Afifah Academy for the year ended 1 September 2020.

In order to assist the fulfilment of duties under the Companies Act 2016, the accounts have been prepared in accordance with the previous accounts completed under the care of the chartered accountants.

The accounts for the year ended 1 September 2020 comprise of the Profit and Loss Account, the Balance Sheet, the related notes are in accordance with the previous information and commentary compiled in the prior financial statements.

Afifah Academy

30 April 2020

AFIFAH ACADEMY Profit and Loss for the year ended 1 September 2020

Notes Turnover Cost of Sales Gross Profit Administrative Expenses Operating Profit / Loss 2 Loss on ordinary activities before taxation Tax on loss on ordinary activities Profit/ Loss for the Financial Year	Notes	2020	2019
		£ 777,594 (41,143) 736,451 (641,388) 95,063 95,063 - 95,063	£ 657,218 (22,827) 634,391 (568,906) 65,485 65485 - (65,485)

5.

AFIFAH ACADEMY Balance Sheet as at year ended 1 September 2020

Notes 2020 Fixed Assets Tangible Assets 3 Current Assets Intangible Assets 4 199,029 Net Current Assets Total Assets less Current Liabilities Current Liabilities 5 Net Assets Capital and Reserves Profit and Loss Account 6 Shareholders Funds	Notes 2020	2019
		£ £ 208,310 35,326 199,029 407,340 407,340 (31,500) 375,480 375,840 375,840	212,561 35,326
			247,888 247,888 (20,000)
			227,888
			227,888
			227,888

The board of 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.

Members have not required the company to obtain an audit in accordance with section 476 of the Act. The responsibilities are acknowledged by the directors in complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

AFIFAH ACADEMY

Notes to the Accounts for the year ended 1 September 2020

1 Accounting Policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) using previously compiled accounts from an accredited ICAEW accountant as a basis.

Turnover

Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Depreciation

Depreciation has been provided at the following rates to write off the assets over their estimated useful lives.

Buildings 2% Plant and machinery 10% straight line Motor vehicles 20% straight line

Stocks

Stock is valued at the lower of cost and net realisable value.

Deferred taxation

Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Foreign currencies

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Leasing and hire purchase commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the disks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight-line basis over the lease term.

Pensions

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

Employers NI/Tax

NI and tax cost remain minimal due to 4 members of staff on maternity leave.

7.

AFIFAH ACADEMY

Notes to the Accounts for the year ended 1 September 2020

2020 £ 2. Operating Profit After charging depreciation of owned fixed assets 4,251 3. Fixed Assets Land & Buildings Plant and Machinery Cost at 2ndSeptember 2019 235,155 10,000 as 1stSeptember 2020 212,561 Depreciation at 2ndSeptember 2019 208,310 10,000 charge for the year 4,251 - at 1st September 2020 212,561 Net Book Value at 2ndSeptember 2019 212,561 10,000 at 1st September 2020 208,310 - 4. Current Assets Debtors 41,230 Cash at bank and in hand 184,144 Petty Cash 500 Less: Accumulated Depreciation (26,845) 199,029 5. Current Liabilities Loan Repayment 5,000 Short-Term Liabilities 35,000 6. Long Term Liabilities 1,500 7. Total Liabilities 31,500 8. Profit and Loss Account at 1stSeptember 2019 249,645 Profit/Loss for the year 95,063 at 1stSeptember 2020 344,708	Total 245,155 212,561 218,310 4,251 212,561 222,561 208,310	2019 £ 4,338 35,326 16,500 36,500 20,000 184,160 65,485 249,645

AFIFAH ACADEMY

Profit and Loss Account for the year ended 1 September 2020

For the information of the directors only

2020 2019 £ £ Sales 777,594 657,218 Cost of Sales (41,143) (22,827) Gross Profit 736,451 634,391 Administrative Expenses (641,388) (568,906) Operating Profit/Loss 95,063 65,485 Profit/Loss Before Tax 95,063 65,485

AFIFAH ACADEMY

Schedule to the Profit and Loss Account for the year ended 1 September 2020

for the information of the directors only

Income: Fees Exam Fees Sales Donations in Income Grants Trips Miscellaneous Fine Income Gift Aid Supplements Rental Income Subscriptions Cost of Sales: Purchases Other Direct Costs Fees Refund Exam Fees Other Refunds Admin Expenses:Wages and Salaries Pensions Employers NI/Tax HMRC Staff Training and Welfare Entertainment Resources Recruitment Costs Premises Costs: Rent Light and Heat Rates General Admin Expenses: Postage Insurance Equipment Expenses Equipment Hire Repairs and Maintenance Depreciation Sundry/Miscellaneous Subscriptions Bank Charges Business Rates Donations Security Clearance Database/Software Maintenance Marketing Telephone/Broadband Minor Additions Professional Fees

2020 2019 £ £ 456,980 404,905 7,725 5,514 64,929 96,051 7,438 13,588 72,794 22,581 1,033 8110 12 2470 10 130 - 12,366 166,539 91,254 115 250 20 591 777,594 657,218 12,765 8,947 16,604 8,041 555 7,402 4,594 3,987 1,075 41,143 22,827 501,366 410,871 3,649 4,588 700 2,844 2,438 10,636 2,189 2,852 17,237 406 15 516,037 443 333 7,000 12,000 8,277 8,890 1,724 3,437 17,002 24,328 294 499 10,841 2,898 9,570 274 9,538 49,359 13,454 4,251 4,338 5,692 43,915 6,000 2,476 350 370 2,335 1,837 1,730 1,567 853 300 10,802 3,600 91 150 1,001 1,606 4,534 748 373 4,261

Net Loss	641,388 568,906 777,594 657,218 (682,531) (591,733)
	95,063 65,485