File No: B-19
BAYT MUHAMMAD ACADEMY
Company Registration No. 07499638
Report of the directors and Unaudited Financial Statements
For the year ended 31 January 2021
63 Johnston Street | Blackburn | BB2 1HD | Tel: 01254 55897 | Email: info@ahmedalamaccountants.com Member of the Institute of Financial Accountants | Membership No. 252689
BAYT MUHAMMAD ACADEMY
Contents of the Financial Statements
Contents
Officers & Advisors
Report of the Directors
Profit and Loss Account
Balance Sheet
Notes to the Financial Statements
BAYT MUHAMMAD ACADEMY
For the year ended 31 Janaury 2021
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Directors: Mustafa Kalokhe
Mudassir Gire
Mushtaq Gire
Ayub Jaffer Khan
Registered office address: 111 Cherry Street
Blackburn
Lancs
BB1 1NT
Company Registration Number: 7499638
Accountants Ahmed Alam Accountants
63 Johnston Street
Blackburn
BB2 1HD
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BAYT MUHAMMAD ACADEMY
Report of the Directors
For the year ended 31 Janaury 2021
Pricipal Activities and Review of Business Operations
The principal activity of the company is to carry on as a religious education centre which is a charitable organisation and non profit making organisation.
Directors
The directors shown below have held office during the whole of the year ended 31 January 2021
Mustafa Kalokhe Mudassir Gire Mushtaq Gire Ayub Jaffer Khan
Directors Interest in the shares of the company
At 31 January 2021 there were no directors interest in shares of the company during the period under review
Transactions with Directors
There were no movements during the period under review
By order of the board
Mustafa Kalokhe
Director February 2021
2
BAYT MUHAMMAD ACADEMY
Profit and Loss Account For the year ended 31 Janaury 2021
| Notes Turnover - Continuing Operations 2 Operating Costs 3 Operating profit for non taxable Net Profit for the period 7 |
2021 £ 78993 35336 43657 £43657 |
2020 £ 97850 58091 |
|---|---|---|
| 39759 |
||
| £39759 |
All recognised gains and losses are included in the profit and loss account.
The notes on pages 5 form an integral part of these financial statements.
3
BAYT MUHAMMAD ACADEMY
Balance Sheet As at 31 January 2021
| Notes Fixed Assets Current Assets Debtors Cash at bank Cash in hand Creditors:amounts falling due within one year (5) Net currents assets ( liabilities ) Total Fixed & Current Assets Creditors:amounts falling due after more than one year -5 Provision for liabilities Total Net Assets ( Liabilities ) Represented by: Profit and Loss Account (7) |
2021 £ 195520 - 26195 505 26700 567 £221653 £124353 £97300 £97300 |
2020 £ 195612 |
|---|---|---|
| - 15442 525 |
||
| 15967 | ||
| 584 | ||
| £210995 | ||
| £157353 | ||
| £53642 | ||
| £53642 |
STATEMENTS
- (A) For the year ended 31 January 2018 the company was entitled to exemption
from audit under section 480 of the Companies Act 2006 relating to small companies
-
(B) The menbers have not yet required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
-
(C ) i. The directors acknoledge their responsibilities for complying with requirements of the Act with respect to accounting records and preparation of accounts.
-
ii. The accounts give a true and fair view of the state of affairs of the company as at the end of the financial year in accordance with section 393.
-
(D) These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 17th February 2021 and signed on their behalf by Mustafa Kalokhe Director
The notes form part of these financial statements
4
BAYT MUHAMMAD ACADEMY
Balance Sheet
As at 31 January 2021
Continued
| Statutory Account Notes Capital and reserves Called up share capital 17 Revaluation reserve 18 Profit and loss account 19 Total shareholders funds |
2021 £ 1 - 1 |
2020 £ 1 - |
|---|---|---|
| 1 |
For the year ending 31 January 2020 the company was entitled to exemption 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 resposibilities 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 Financial Rep[orting Standard for Smaller Entities ( effective 2008 ).
Approved by the board on 17th February 2021 and signed on their behalf by
SIGNED ON BEHALF OF THE BOARD BY:
Mustafa Kalokhe
Director
5
BAYT MUHAMMAD ACADEMY
Notes to the Financial Statements
For the year ended 31 Janaury 2021
1. ACCOUNTING POLICIES
(a) In accordance with the applicable accounting standards. They have also prepared on a going concern basis,which assumes that the company will continue in operational existance for the forseeable future because of the continuing support of it's creditors.
(b) Depreciation
Depreciation is calculated to write down the cost of the tangible fixed assets to their estimated residual values over expected useful lives.
The following rates & basis apply - FF & F 15% reducing balance
2. TURNOVER
Turnover is supplied, and is all attributable to the principal activity of the company and arising in the United Kingdom.
| 3. OPERATING COSTS These comprise: Administration costs Other operating costs 4. STAFF COSTS AND DIRECTORS` RENUMERATION Wages & PAYE The average weekly number of employees, including directors, during the year 5. CREDITORS Expense creditors (paid within one year) Loans and other creditors to be paid after more than one year |
35244 92 |
|---|---|
| 35336 | |
| £17316 | |
| 1 £567 |
|
| £124353 |
6. PROVISIONS FOR LIABILTIES AND CHARGES
Deferred taxation
The potential amount of taxation deferred by all timing differences calculated on the liability method is £NIL, which is principally due to accelerated capital allowances.
7. PROFIT AND LOSS ACCOUNT
| Called up share capital Balance brought forward Net profit (Loss) for the year |
1 53642 43657 |
|---|---|
| £97300 |
8. CAPITAL COMMITMENTS
There were no capital commitments and contingent liabilties as at 31 January 2021.
6
BAYT MUHAMMAD ACADEMY
Notes to the Financial Statements For the year ended 31 Janaury 2021
| 9. FIXED ASSETS At cost Additions Depreciation at 01/02/2020 For the year |
F & F 2034 1422 92 520 |
Property 195000 195000 |
2034 195000 1422 92 |
|---|---|---|---|
| 195520 |
7
BAYT MUHAMMAD ACADEMY
Detailed Trading and Profit and Loss Account For the year ended 31 Janaury 2021
| HMRC JRS Tuition Fees Donations Other (Ticket sales etc) Total Administration Costs Wages & PAYE Rent, rates & water Light & Heat Telephone Repairs & renewals Books and membership Events Costs Student Trip Costs Printing, postage & stationery Card Processing Fees Bank and interest charges Gifts & Entertainment Legal and Professional Fees L C M Fees Auction Fees Accountancy Other operating charges Depreciation Total operating costs Profit on ordinary activites |
2021 £ 11211 8263 59185 334 78993 17316 7949 156 834 1906 856 713 - 100 108 - - 4786 - - 520 35244 92 35336 £43657 |
2020 £ 29168 29702 38980 |
|---|---|---|
| 97850 | ||
| 16995 8941 417 397 1716 2227 14770 - 68 - 25 466 9141 100 2340 380 |
||
| 57983 | ||
| 108 | ||
| 58091 | ||
| £39759 |
| BAYT MUHAMMAD ACADEMY LTD | Proforma | |
|---|---|---|
| 111 Cherry Street | ||
| Blackburn | Our Ref: | B-19 |
| BB1 1NT | ||
| Date: | 17/02/2021 |
Our charges for professional services rendered re:
| Preparation of accounts for the year ended 31 January 2021 | ||
|---|---|---|
| together with income tax computations, tax returns, and | ||
| submission of the same to H.M.I.T. | £350.00 | |
| Furlough | £50.00 | |
| Ltd Companies House fees | £30.00 | |
| £ | - |
Amount now payable £430.00
| Ahmed Alam | Accountants |
|---|---|
| Bank: | NATWEST |
| Sort Code: | 01-00-04 |
| A/C No: | 14464314 |
| Your Ref: | B-19 |
Tel: 01254 55897 | Email: info@ahmedalamaccountants.com | Web: www.ahmedalamaccountants.com Registered Address: 63 Johnston Street | Blackburn | Lancashire | BB2 1HD Ahmed alam Accountants Limited is registered in England and Wales. Company number 07171612 Regulated by the Institute of Financial Accountants under license number 252689
Add.. Outstanding B/Fwd Less.. Payments made