COMPANY NUMBER: 7905865
AL FALAAH LEARNING CENTRE LIMITED DIRECTORS' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023
ABU & ABU
CHARTERED CERTIFIED ACCOUNTANTS
ABU NOWSHED CENTRE 71 WORDSWORTH ROAD SMALL HEATH, BIRMINGHAM B10 0ED WEST MIDLANDS
AL FALAAH LEARNING CENTRE LIMITED
COMPANY INFORMATION
| Company Number: | 7905865 |
|---|---|
| Chairman: | MOHAMMED FAKHRUDDIN SADHIQ |
| Directors: | Mohammed Fakhruddin Sadhiq |
| Zakia Begum | |
| Mohammed Somir Uddin | |
| Registered Office: | 3 Braithwaite Road |
| Sparkbrook | |
| Birmingham | |
| West Midlands | |
| B11 1LB | |
| Accountants: | Abu & Abu |
| Chartered Certified Accountants | |
| Abu Nowshed Centre | |
| 71 Wordsworth Road | |
| Small Heath, Birmingham | |
| B10 0ED | |
| West Midlands | |
| Bankers: | Barclays Bank PLC |
AL FALAAH LEARNING CENTRE LIMITED
REPORTS AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
CONTENTS
Page Directors' Report Accountants Report Abridged Profit and Loss Account Abridged Balance Sheet Notes to the Abridged Financial Statements Detailed Profit and Loss Account Detailed Overhead Expenses Schedule for Directors
AL FALAAH LEARNING CENTRE LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JANUARY 2023
The directors present their report and the financial statements for the year ended 31 January 2023.
Principal activities
The principal activity of the company continues to be that of a Charity.
Directors
The directors who served during the year were as follows:
Mohammed Fakhruddin Sadhiq Zakia Begum Mohammed Somir Uddin
Responsibilities of the directors
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 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 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;
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.
This report was approved by the board on 30 November 2023 and 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.
................................
Mohammed Fakhruddin Sadhiq
Page 1
ACCOUNTANT'S REPORT
TO THE BOARD OF DIRECTORS
ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF
AL FALAAH LEARNING CENTRE LIMITED
FOR THE YEAR ENDED 31 JANUARY 2023
As described in the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2023 set out on on pages 3 to 6 and you consider that the company is exempt from a report under section 477(1) of the Companies Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
........................................ Dated:30 November 2023
Abu & Abu Chartered Certified Accountants Abu Nowshed Centre 71 Wordsworth Road Small Heath, Birmingham B10 0ED West Midlands
Page 2
AL FALAAH LEARNING CENTRE LIMITED
ABRIDGED PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2023
| Note | 2023 | 2022 | |
|---|---|---|---|
| £ | £ | ||
| Gross profit | 59,501 | 41,434 | |
| Administrative expenses | (57,675) | (35,112) | |
| ––––––– |
––––––– | ||
| Profit on ordinary activities | 1,826 | 6,322 | |
| before taxation | |||
| Tax on profit on ordinary activities | 0 | 0 | |
| ––––––– |
––––––– | ||
| Profit for the financial year | £ 1,826 | £ 6,322 | |
| ––––––– |
––––––– |
The company has made no acquisitions nor discontinued any operations during 2023 therefore turnover and operating profit derive entirely from continued operations.
Page 3
COMPANY NUMBER:7905865
AL FALAAH LEARNING CENTRE LIMITED
ABRIDGED BALANCE SHEET
AT 31 JANUARY 2023
| Note | 2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | ||||
| Fixed assets | |||||||
| Tangible assets | 2 | 289,737 | 298,913 | ||||
| Current assets | |||||||
| Cash at bank and in hand | 73,664 | 69,638 | |||||
| Creditors | |||||||
| Amounts falling due within | |||||||
| one year | 2,622 | (3,598) | |||||
| ––––––– | ––––––– | ||||||
| Net current assets | 76,286 | 66,040 | |||||
| ––––––– | ––––––– | ||||||
| Total assets less current liabilities | 366,023 | 364,953 | |||||
| Creditors | |||||||
| Amounts falling due | |||||||
| after more than one year | 756 | 0 | |||||
| ––––––– | ––––––– | ||||||
| Net assets | £366,779 | £364,953 | |||||
| ––––––– |
––––––– |
||||||
| Capital and reserves | |||||||
| Profit and loss account | 366,779 | 364,953 | |||||
| ––––––– | ––––––– | ||||||
| Shareholders' funds | £366,779 | £364,953 | |||||
| ––––––– |
––––––– |
These financial statements have 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. Approved by the board of directors on 30 November 2023 and signed on its behalf.
................................................... Mohammed Fakhruddin Sadhiq
The annexed notes form part of these financial statements.
Page 4
AL FALAAH LEARNING CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
1. Accounting policies
Basis of preparation of financial statements
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 (as updated through Bulletin 1 published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
The financial statements are prepared on a going concern basis under the historical convention (modified to include certain items at fair value). The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.
Incoming resources
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.
Turnover
Turnover comprises the invoiced value of donations.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings - 3% per annum of cost Plant and Machinery - 20% per annum of cost Fixtures and Fittings - 20 % per annum of cost
Page 5
AL FALAAH LEARNING CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 JANUARY 2023
| 2. | Tangible fixed assets | |
|---|---|---|
| Total | ||
| £ | ||
| Cost: | ||
| At 1 February 2022 | 363,635 | |
| ––––––– | ||
| At 31 January 2023 | 363,635 | |
| ––––––– | ||
| Depreciation: | ||
| At 1 February 2022 | 64,722 | |
| Charge for the year | 9,176 | |
| ––––––– | ||
| At 31 January 2023 | 73,898 | |
| ––––––– | ||
| Net book value: | ||
| At 31 January 2023 | £289,737 | |
| ––––––– |
||
| At 31 January 2022 | £298,913 | |
| ––––––– |
Page 6
AL FALAAH LEARNING CENTRE LIMITED
DETAILED TRADING AND PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2023
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| Turnover | ||||||
| Donations | 11,549 | 12,399 | ||||
| Monthly donation | 0 | 824 | ||||
| Jumu'ah donation | 17,297 | 15,874 | ||||
| HMRC-GAD | 6,674 | 0 | ||||
| Evening Class | 23,981 | 12,337 | ||||
| ––––––– | ––––––– | |||||
| 59,501 | 41,434 | |||||
| Overheads | ||||||
| Resources Expended | 57,675 | 35,112 | ||||
| ––––––– | ––––––– | |||||
| (57,675) | (35,112) | |||||
| ––––––– | ––––––– | |||||
| Profit on ordinary activities | £ 1,826 | £ | 6,322 | |||
| ––––––– |
––––––– |
Page 7
AL FALAAH LEARNING CENTRE LIMITED
SCHEDULE OF OVERHEAD EXPENSES
FOR THE YEAR ENDED 31 JANUARY 2023
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| Resources Expended | ||||||
| Wages and salaries | 23,601 | 17,052 | ||||
| Costs of generating funds | 585 | 683 | ||||
| Rates & Water | 0 | 56 | ||||
| Insurance | 1,231 | 1,249 | ||||
| Light & Heat | 3,533 | 2,478 | ||||
| Repair & Maintenance | 17,762 | 2,816 | ||||
| Printing, Postage & Stationery | 285 | 216 | ||||
| Telephone | 282 | 279 | ||||
| Travelling expenses | 40 | 0 | ||||
| Entertainments | 400 | 0 | ||||
| Accountancy | 780 | 770 | ||||
| Depreciation | 9,176 | 9,513 | ||||
| –––––– | –––––– | |||||
| 57,675 | 35,112 | |||||
| –––––– | –––––– | |||||
| Total overhead expenses | £57,675 | £35,112 | ||||
| –––––– |
–––––– |