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| 1. ## **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. 3. ## **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 4. ## **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. 6. ## **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**|