Registered number: 6266043 **OLDHAM MADANI ACADEMY DIRECTORS' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021** Roy & Co Chartered Certified Accountants 139 Wilbraham Road Fallowfield Manchester M14 7DS ## **OLDHAM MADANI ACADEMY Directors' Report and Financial Statements For The Year Ended 30 June 2021** ## **Contents** ||**Page**| |---|---| |Company Information|1| |Directors' Report|2| |Accountant's Report|3| |Profit and Loss Account|4| |Balance Sheet|5—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| **OLDHAM MADANI ACADEMY Company Information For The Year Ended 30 June 2021** |**Directors**|Mr Moulana Sheikh Yahya| |---|---| ||Mr Saleh Mohammed Jakharia| |**Company Number**|6266043| |**Registered Office**|226-230 Maygate| ||Chadderton Way| ||Oldham| ||OL9 6TR| |**Accountants**|Roy & Co| ||Chartered Certified Accountants| ||139 Wilbraham Road| ||Fallowfield| ||Manchester| ||M14 7DS| Page 1 ## **OLDHAM MADANI ACADEMY Company No. 6266043 Directors' Report For The Year Ended 30 June 2021** The directors present their report and the financial statements for the year ended 30 June 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 Moulana Sheikh Yahya Mr Saleh Mohammed Jakharia ## **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. On behalf of the board Mr Moulana Sheikh Yahya Director Mr Saleh Mohammed Jakharia Director 1 October 2021 Page 2 ## **OLDHAM MADANI ACADEMY Accountant's Report For The Year Ended 30 June 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 30 June 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. Signed 1 October 2021 Roy & Co Chartered Certified Accountants 139 Wilbraham Road Fallowfield Manchester M14 7DS Page 3 ## **OLDHAM MADANI ACADEMY Profit and Loss Account For The Year Ended 30 June 2021** |**Notes**
**TURNOVER**
Cost of sales
**GROSS PROFIT**
Administrative expenses
Other operating income
**OPERATING PROFIT/(LOSS)**
Interest payable and similar charges
**PROFIT/(LOSS) FOR THE FINANCIAL YEAR**|**2021**
**£**
91,308
-
91,308
(25,800)
16,299
81,807
(364)
81,443|**2020**
**£**
18,128
-| |---|---|---| |||18,128
(24,225)
-| |||(6,097)
(708)| |||(6,805)| The notes on pages 7 to 8 form part of these financial statements. Page 4 ## **OLDHAM MADANI ACADEMY Balance Sheet As at 30 June 2021** |**Notes**
**FIXED ASSETS**
Intangible Assets
**3**
Tangible Assets
**4**
**CURRENT ASSETS**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within**
**One Year**
**5**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**Creditors: Amounts Falling Due After**
**More Than One Year**
**6**
**NET ASSETS**
**CAPITAL AND RESERVES**
Called up share capital
**7**
Profit and Loss Account
**SHAREHOLDERS' FUNDS**|**2021**
**£**
**£**
365,498
155,003
520,501
17,178
17,178
(6,212)
10,966
531,467
(224,095)
307,372
2
307,370
307,372|**2021**
**£**
**£**
365,498
155,003
520,501
17,178
17,178
(6,212)
10,966
531,467
(224,095)
307,372
2
307,370
307,372|**2020**
**£**
**£**
359,498
155,344
514,842
22,950
22,950
(6,640)
16,310
531,152
(305,223)
225,929
2
225,927
225,929|**2020**
**£**
**£**
359,498
155,344
514,842
22,950
22,950
(6,640)
16,310
531,152
(305,223)
225,929
2
225,927
225,929| |---|---|---|---|---| |||520,501
10,966||514,842
16,310| ||17,178
(6,212)||22,950
(6,640)|| |||||| |||531,467||531,152| |||(224,095)||(305,223)| |||307,372||225,929| |||2
307,370||2
225,927| |||307,372||225,929| Page 5 ## **OLDHAM MADANI ACADEMY Balance Sheet (continued) As at 30 June 2021** For the year ending 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 Mr Moulana Sheikh Yahya Mr Saleh Mohammed Jakharia Director Director 1 October 2021 The notes on pages 7 to 8 form part of these financial statements. Page 6 **OLDHAM MADANI ACADEMY Notes to the Financial Statements For The Year Ended 30 June 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. **Research and Development** Expenditure on research and development is written off in the year it is incurred. ## 1.4. **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: |Freehold|0| |---|---| |Motor Vehicles|0| |Fixtures & Fittings|15%| ## 2. **Average Number of Employees** Average number of employees, including directors, during the year was as follows: NIL (2020: NIL) ## 3. **Intangible Assets** |**Cost**
As at 1 July 2020
Additions
As at 30 June 2021
**Net Book Value**
As at 30 June 2021
As at 1 July 2020|**Development**
**Costs**
**£**
359,498
6,000| |---|---| ||365,498| ||365,498| ||359,498| Page 7 **OLDHAM MADANI ACADEMY Notes to the Financial Statements (continued) For The Year Ended 30 June 2021** ## 4. **Tangible Assets** |**Cost**
As at 1 July 2020
As at 30 June 2021
**Depreciation**
As at 1 July 2020
Provided during the period
As at 30 June 2021
**Net Book Value**
As at 30 June 2021
As at 1 July 2020
.
**Creditors: Amounts Falling Due Within One Year**
Trade creditors
Accruals and deferred income
.
**Creditors: Amounts Falling Due After More Than One Year**
Bank loans
Private Loan (Long term liabilities - creditors > 1 year)
.
**Share Capital**
Allotted, Called up and fully paid|**Land &**
**Property**
**Freehold**
**£**
153,070|**Land &**
**Property**
**Freehold**
**£**
153,070|**Fixtures &**
**Fittings**
**£**
5,123|**Total**
**£**
158,193| |---|---|---|---|---| ||153,070||5,123|158,193| ||-
-||2,849
341|2,849
341| ||-||3,190|3,190| ||153,070||1,933|155,003| ||153,070||2,274|155,344| ||||**2021**
**£**
(1)
6,213
6,212
**2021**
**£**
10,395
213,700
224,095
**2021**
2|**2020**
**£**
-
6,640| |||||6,640| |||||**2020**
**£**
19,759
285,464| |||||305,223| |||||**2020**
2| ## 5. **Creditors: Amounts Falling Due Within One Year** 6. **Creditors: Amounts Falling Due After More Than One Year** 7. **Share Capital** ## 8. **General Information** OLDHAM MADANI ACADEMY is a private company, limited by shares, incorporated in England & Wales, registered number 6266043. The registered office is 226-230 Maygate, Chadderton Way, Oldham, OL9 6TR. Page 8 ## **OLDHAM MADANI ACADEMY Trading Profit and Loss Account For The Year Ended 30 June 2021** |**TURNOVER**
Student Fees
Friday Collection
Donations & Other Collections
**GROSS PROFIT**
**Administrative Expenses**
Wages and salaries
Motor & Travel expenses
Rates & Insurance
Light and heat
Laundry & Cleaning
Repairs, renewals and maintenance
Printing, postage and stationery
Advertisement
Radio & Telecommunications
Depreciation of fixtures and fittings
Sundry expenses
**Other Operating Income**
Other coronavirus grant income
**OPERATING PROFIT/(LOSS)**
**Interest payable and similar expenses**
Bank loan interest
**PROFIT/(LOSS) FOR THE FINANCIAL YEAR**|**2021**
**£**
**£**
-
14,074
77,234
91,308
91,308
18,315
10
1,435
1,790
1,170
2,200
150
100
250
341
39
(25,800)
16,299
16,299
81,807
364
(364)
81,443|**2021**
**£**
**£**
-
14,074
77,234
91,308
91,308
18,315
10
1,435
1,790
1,170
2,200
150
100
250
341
39
(25,800)
16,299
16,299
81,807
364
(364)
81,443|**2020**
**£**
**£**
5,202
11,514
1,412
18,128
18,128
15,473
589
1,405
1,586
1,020
3,092
324
-
238
401
97
(24,225)
-
-
(6,097)
708
(708)
(6,805)|**2020**
**£**
**£**
5,202
11,514
1,412
18,128
18,128
15,473
589
1,405
1,586
1,020
3,092
324
-
238
401
97
(24,225)
-
-
(6,097)
708
(708)
(6,805)| |---|---|---|---|---| |||91,308
91,308
(25,800)
16,299||18,128
18,128
(24,225)
-| ||16,299||-|| ||364||708|| |||81,807
(364)||(6,097)
(708)| |||||| |||81,443||(6,805)| Page 9