Registered Number: 07868726
MADINA EDUCATION LTD
Unaudited Financial Statements
Period of accounts
Start date: 01 January 2023
End date: 31 December 2023
MADINA EDUCATION LTD Contents Page For the year ended 31 December 2023
| Company information | 3 |
|---|---|
| Directors' report | 4 |
| Accountants' report | 6 |
| Income statement | 7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 10 |
| Statement of changes in equity | 11 |
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MADINA EDUCATION LTD Company Information For the year ended 31 December 2023
Directors Zaffar Iqbal Rayhanul Islam Abdullah Yusuf Kola Syed Umair Qadri Registered Number 07868726 Registered Office The Academy, Wingrove Lane Newcastle Upon Tyne Tyne & Wear NE4 9AZ Accountants Orix Accountants 88-89 West Road Newcastle Upon Tyne Tyne & Wear NE15 6PR
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MADINA EDUCATION LTD Directors' Report For the year ended 31 December 2023
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 December 2023.
Principal activities
Principal activity of the company during the financial year end 31 December 2023 was of Activities of other membership organizations' not elsewhere classified.
Directors
The directors who served the company throughout the year were as follows:
Zaffar Iqbal
Rayhanul Islam Abdullah Yusuf Kola Syed Umair Qadri
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
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 (Financial Reporting Standard 102). 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 the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
-
select suitable accounting policies and then apply them consistently
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make judgements and accounting estimates that are reasonable and prudent
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
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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. The directors 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.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions
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MADINA EDUCATION LTD Directors' Report For the year ended 31 December 2023
This report was approved by the board and signed on its behalf by:
Syed Umair Qadri Director
Date approved: 30 September 2024
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MADINA EDUCATION LTD Accountants' Report For the year ended 31 December 2023
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 December 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Orix Accountants 31 December 2023
.................................................... Acumen Accounting Orix Accountants 88-89 West Road Newcastle Upon Tyne Tyne & Wear NE15 6PR 30 September 2024
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MADINA EDUCATION LTD Income Statement For the year ended 31 December 2023
| Notes Turnover Gross profit Administrative expenses Other operating income Operating profit/(loss) Profit/(Loss) on ordinary activities before taxation Tax on profit on ordinary activities Profit/(Loss) for the financial year |
2023 £ 62,248 62,248 (77,462) 21,950 6,736 6,736 0 6,736 |
2022 £ 21,894 |
|---|---|---|
| 21,894 (28,667) 3,000 |
||
| (3,773) | ||
| (3,773) 0 |
||
| (3,773) |
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MADINA EDUCATION LTD Statement of Financial Position As at 31 December 2023
| Notes Fixed assets Tangible fixed assets 4 Current assets Cash at bank and in hand Creditors: amount falling due within one year 5 Net current assets Total assets less current liabilities Creditors: amount falling due after more than one year 6 Net assets Capital and reserves Profit and loss account Shareholders' funds |
2023 £ 553,011 553,011 5,039 0 5,039 558,050 (20,779) 537,271 537,271 537,271 |
2022 £ 553,011 |
|---|---|---|
| 553,011 5,123 (250) |
||
| 4,873 | ||
| 557,884 (27,349) |
||
| 530,535 | ||
| 530,535 | ||
| 530,535 |
For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
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MADINA EDUCATION LTD Statement of Financial Position As at 31 December 2023
The financial statements were approved by the board of directors on 30 September 2024 and were signed on its behalf by:
Syed Umair Qadri Director
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MADINA EDUCATION LTD Statement of Changes in Equity For the year ended 31 December 2023
| At 01 January 2022 Profit for the year Total comprehensive income for the year Total investments by and distributions to owners At 31 December 2022 At 01 January 2023 Profit for the year Total comprehensive income for the year Total investments by and distributions to owners At 31 December 2023 |
Retained Earnings £ 534,308 (3,773) (3,773) - 530,535 530,535 6,736 6,736 - 537,271 |
Total £ 534,308 (3,773) |
|---|---|---|
| (3,773) | ||
| - | ||
| 530,535 | ||
| 530,535 | ||
| 6,736 | ||
| 6,736 | ||
| - | ||
| 537,271 |
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MADINA EDUCATION LTD Notes to the Financial Statements For the year ended 31 December 2023
General Information
Madina Education Ltd is a private company, limited by shares, registered in , registration number 07868726, registration address The Academy, Wingrove Lane, Newcastle Upon Tyne, Tyne & Wear, NE4 9AZ.
The presentation currency is £ sterling.
1. Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
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MADINA EDUCATION LTD Notes to the Financial Statements For the year ended 31 December 2023
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
0% Reducing Balance
2. Staff Costs
| 2. Staff Costs | |||
|---|---|---|---|
| Average number of employees during the year 3. Average number of employees Average number of employees during the year was 0 (2022 : 0). 4. Tangible fixed assets Cost or valuation At 01 January 2023 Additions Disposals At 31 December 2023 Depreciation At 01 January 2023 Charge for year On disposals At 31 December 2023 Net book values Closing balance as at 31 December 2023 Opening balance as at 01 January 2023 |
2023 Number 0 Land and Buildings £ 553,011 - - 553,011 - - - - 553,011 553,011 |
2022 Number 0 Total £ 553,011 - - |
|
| 553,011 | |||
| - - - |
|||
| - | |||
| 553,011 | |||
| 553,011 |
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MADINA EDUCATION LTD Notes to the Financial Statements For the year ended 31 December 2023
5. Creditors: amount falling due within one year
| 5. Creditors: amount falling due within one year | ||
|---|---|---|
| Accrued Expenses 6. Creditors: amount falling due after more than one year Private Loans |
2023 £ 0 0 2023 £ 20,779 20,779 |
2022 £ 250 |
| 250 | ||
| 2022 £ 27,349 |
||
| 27,349 |
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