Islam In Bristol Trustees, Annual Report Charity Number: 1139121 ISLAM IN BRISTOL BOOKSTORE ARITY IIJ9121 ISLAM IN BRISTOL Registered Charity number 1139121 Trustees, Annual Report From: 01 Sep 2020 To: 31 Aug 2021 Charity name: Islam In Bristol Charity registration number: 1139121
Company Registration No. 11520056 (England and Wales)
ISLAM IN BRISTOL LTD ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021
ISLAM IN BRISTOL LTD ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS
| Page | |
|---|---|
| Company information | 3 |
| Director's report | 4 |
| Accountants' report | 5 |
| Statement of income and retained earnings | 6 |
| Statement of financial position | 7 |
| Notes to the accounts | 8 |
| Detailed profit and loss account | 10 |
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ISLAM IN BRISTOL LTD COMPANY INFORMATION FOR THE YEAR ENDED 31 AUGUST 2021
Director ABDULLAH MAHAMED Company Number 11520056 (England and Wales) Registered Office 82 STAPLETON ROAD EASTON BRISTOL BS5 0PW UNITED KINGDOM
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ISLAM IN BRISTOL LTD (COMPANY NO: 11520056 ENGLAND AND WALES) DIRECTOR'S REPORT
The director presents his report and accounts for the year ended 31 August 2021.
Directors
ABDULLAH MAHAMED held office during the whole of the period.
Statement of directors' responsibilities
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts 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 accounts 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 these accounts, the directors are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the accounts 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 accounts 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.
Small company provisions
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors
............................................................................
ABDULLAH MAHAMED Director
Approved by the board on: 30 June 2022
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CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF ISLAM IN BRISTOL LTD FOR THE YEAR ENDED 31 AUGUST 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ISLAM IN BRISTOL LTD for the year ended 31 August 2021 as set out on pages 6 - 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Chartered Accountants
30 June 2022
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ISLAM IN BRISTOL LTD STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE YEAR ENDED 31 AUGUST 2021
| Turnover Cost of sales Gross profit Administrative expenses Other operating income Operating profit Profit on ordinary activities before taxation Tax on profit on ordinary activities Profit for the financial year Retained earnings at the start of the year Profit for the financial year Dividends Retained earnings at the end of the year |
2021 £ 63,010 (34,974) 28,036 (22,860) 12,098 17,274 17,274 - 17,274 41,125 17,274 - 58,399 |
2020 £ 74,650 (23,896) |
|---|---|---|
| 50,754 (37,188) 20,000 |
||
| 33,566 | ||
| 33,566 - |
||
| 33,566 | ||
| 7,559 33,566 - |
||
| 41,125 |
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ISLAM IN BRISTOL LTD STATEMENT OF FINANCIAL POSITION AS AT 31 AUGUST 2021
| Notes Fixed assets Tangible assets 4 Current assets Inventories Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Net assets Capital and reserves Profit and loss account Shareholders' funds |
2021 £ 3,176 5,009 53,827 58,836 (3,613) 55,223 58,399 58,399 58,399 |
2020 £ 3,101 5,009 36,524 |
|---|---|---|
| 41,533 (3,509) |
||
| 38,024 | ||
| 41,125 | ||
| 41,125 | ||
| 41,125 |
For the year ending 31 August 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
The financial statements were approved by the Board and authorised for issue on 30 June 2022 and were signed on its behalf by
ABDULLAH MAHAMED Director
Company Registration No. 11520056
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ISLAM IN BRISTOL LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021
1 Statutory information
ISLAM IN BRISTOL LTD is a private company, limited by shares, registered in England and Wales, registration number 11520056. The registered office is 82 STAPLETON ROAD, EASTON, BRISTOL, BS5 0PW, UNITED KINGDOM.
2 Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3 Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
| 4 Tangible fixed assets Cost or valuation At 1 September 2020 Additions At 31 August 2021 Depreciation At 1 September 2020 At 31 August 2021 Net book value At 31 August 2021 At 31 August 2020 5 Creditors: amounts falling due within one year Trade creditors Taxes and social security Loans from directors |
2021 £ 509 104 3,000 3,613 |
Fixtures & fittings £ At cost 3,701 75 |
|---|---|---|
| 3,776 | ||
| 600 | ||
| 600 | ||
| 3,176 | ||
| 3,101 | ||
| 2020 £ 509 - 3,000 |
||
| 3,509 |
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ISLAM IN BRISTOL LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021
6 Average number of employees
During the year the average number of employees was 1 (2020: 1).
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ISLAM IN BRISTOL LTD DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2021
This schedule does not form part of the statutory accounts.
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Turnover | ||
| Sales | 63,010 | 74,650 |
| Cost of sales | ||
| Purchases | 34,974 | 23,896 |
| Gross profit | 28,036 | 50,754 |
| Administrative expenses | ||
| Wages and salaries | 8,375 | 3,300 |
| Travel and subsistence | 943 | 54 |
| Motor expenses | 46 | 150 |
| Entertaining | 16 | - |
| Rent | 8,250 | 20,098 |
| Rates | 262 | 934 |
| Service charges | 1,080 | 2,920 |
| Light and heat | 1,164 | 1,011 |
| Cleaning | 200 | 200 |
| Telephone and fax | 431 | 907 |
| Postage | 13 | 28 |
| Stationery and printing | 256 | - |
| Bank charges | (41) | 4 |
| Software | 1,045 | - |
| Repairs and maintenance | 455 | 3,912 |
| Depreciation | - | 600 |
| Sundry expenses | 145 | 2,857 |
| Accountancy fees | - | 213 |
| Advertising and PR | 220 | - |
| 22,860 | 37,188 | |
| Other operating income | ||
| Other operating income | 12,098 | 20,000 |
| Operating profit | 17,274 | 33,566 |
| Profit on ordinary activities before taxation | 17,274 | 33,566 |
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