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 2024
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 January 2024
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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 January 2024
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 2024
Mustafa Kalokhe Mudassir Gire Mushtaq Gire Ayub Jaffer Khan
Directors Interest in the shares of the company
At 31 January 2024 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 2023
2
BAYT MUHAMMAD ACADEMY
Profit and Loss Account For the year ended 31 January 2024
| Notes Turnover - Continuing Operations 2 Operating Costs 3 Operating profit for non taxable Net Profit for the period 7 |
2024 2023 £ £ 78175 86707 84839 39034 (6664) 47673 £(6664) £47673 |
|---|---|
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 2024
| 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) |
2024 £ 195320 - 13155 12 13167 1857 £206630 £ nil £206630 £206630 |
2023 £ 195376 |
|---|---|---|
| - 19515 39 |
||
| 19554 | ||
| 1637 | ||
| £213293 | ||
| £ nil | ||
| £213293 | ||
| £213293 |
STATEMENTS
- (A) For the year ended 31 January 2023 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 21st February 2024 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 2024
Continued
| Statutory Account Notes Capital and reserves Called up share capital 17 Revaluation reserve 18 Profit and loss account 19 Total shareholders funds |
2024 2023 £ £ 1 1 - - 1 1 |
|---|---|
For the year ending 31 January 2023 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 21st February 2024 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 January 2024
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 |
84783 56 |
|---|---|
| 84839 |
| 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 |
£19753 |
|---|---|
| 1 £1857 |
|
| £ nil |
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 Adjustment Net profit (Loss) for the year |
1 213293 - (6664) |
|---|---|
| £206630 |
8. CAPITAL COMMITMENTS
There were no capital commitments and contingent liabilties as at 31 January 2023.
6
BAYT MUHAMMAD ACADEMY
Notes to the Financial Statements For the year ended 31 January 2024
| 9. FIXED ASSETS At cost Additions Depreciation at 01/02/2022 For the year |
F & F 2034 1658 56 320 |
Property 195000 197034 1658 56 195000 195320 |
|---|---|---|
7
BAYT MUHAMMAD ACADEMY
Detailed Trading and Profit and Loss Account For the year ended 31 January 2024
| HMRC JRS Tuition Fees Sadaqah Lillah Fcebook Advertising Income Donations Gift Aid Other (Ticket sales etc) Total Administration Costs Wages & PAYE Rent, rates & water Light & Heat Telephone Repairs & renewals Books Purchase Events Costs (Foods) Venue Hire Printing, postage & stationery Legal & Professional Fees Membership & Subscriptions Gifts & Entertainment Equipment Hire Architect Fees Cleaning & Sunderies Accountancy Other operating charges Depreciation Total operating costs Profit on ordinary activites |
2024 2023 £ £ 0 - 2792 588 690 612 222 405 63194 85102 11277 - - - 78175 86707 19753 18117 8305 8428 323 270 785 821 11738 6218 115 678 259 773 450 - 1506 2686 39610 - 126 443 257 78 150 - 950 - - - 456 456 84783 38968 56 66 84839 39034 £(6664) £47673 |
|---|---|
| BAYT MUHAMMAD ACADEMY LTD | Proforma | |
|---|---|---|
| 111 Cherry Street | ||
| Blackburn | Our Ref: | B-19 |
| BB1 1NT | ||
| Date: | 21/02/2024 |
Our charges for professional services rendered re:
| Preparation of accounts for the year ended 31 January 2024 | |||
|---|---|---|---|
| together with income tax computations, tax returns, and | |||
| submission of the same to H.M.I.T. | £350.00 | ||
| Ltd Companies House fees | £30.00 | ||
| £ | - |
||
| VAT | £76.00 | ||
| Amount now payable | £456.00 |
| 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