Registered number: 08606573
**MADINA MASJID LTD DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021**
UK Tax Accountants 89 Jacobs Well Lane Wakefield WF1 3PB
**Madina Masjid Ltd** Page 1 **Directors' Report and Unaudited Financial Statements For The Year Ended 31 July 2021**
## **Contents**
||**Page**|
|---|---|
|Company Information|1|
|Directors' Report|2|
|Accountants' Report|3|
|Income and Expenditure Account|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6—7|
|The following pages do not form part of the statutory accounts:||
|Detailed Income and Expenditure Account|8|
**Madina Masjid Ltd Company Information For The Year Ended 31 July 2021**
|**Directors**|Mr Asif Khan|
|---|---|
||Mr Rasib Hussain|
||Mr Mohammed Yaseen|
||Mr Mohammed Yaseen|
|**Company Number**|08606573|
|**Registered Office**|82-84 St Catherine Street|
||Wakefield|
||WF1 5BP|
|**Accountants**|UK Tax Accountants|
||89 Jacobs Well Lane|
||Wakefield|
||WF1 3PB|
Page 1
## **Madina Masjid Ltd Company No. 08606573 Directors' Report For The Year Ended 31 July 2021**
The directors present their report and the financial statements for the year ended 31 July 2021.
## **Statement of Directors' Responsibilities**
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 applicable 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 of the surplus or deficit of the company for that period. In preparing the 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.
## **Directors**
The directors who held office during the year were as follows:
Mr Asif Khan Mr Rasib Hussain Mr Mohammed Yaseen Mr Mohammed Yaseen
## **Small Company Rules**
This report 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.
On behalf of the board
Mr Asif Khan Director
Mr Rasib Hussain
Director
12th April 2022
Page 2
## **Madina Masjid Ltd Accountants' Report For The Year Ended 31 July 2021**
## **Report to the directors on the preparation of the unaudited statutory accounts of Madina Masjid Ltd for the year ended 31 July 2021**
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Madina Masjid Ltd which comprise the Income and Expenditure Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Madina Masjid Ltd, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Madina Masjid Ltd and state those matters that we have agreed to state to the directors of Madina Masjid Ltd, as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Madina Masjid Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Madina Masjid Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Madina Masjid Ltd. You consider that Madina Masjid Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Madina Masjid Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
12th April 2022
UK Tax Accountants 89 Jacobs Well Lane Wakefield WF1 3PB
Page 3
## **Madina Masjid Ltd Income and Expenditure Account For The Year Ended 31 July 2021**
|**Notes**
**TURNOVER**
**GROSS SURPLUS**
Administrative expenses
**OPERATING SURPLUS**
Other interest receivable and similar income
**SURPLUS FOR THE FINANCIAL YEAR**|**2021**
**£**
41,106
41,106
(15,001)
26,105
44
26,149|**2020**
**£**
64,734|
|---|---|---|
|||64,734
(30,179)|
|||34,555
44|
|||34,599|
The notes on pages 6 to 7 form part of these financial statements.
Page 4
**Madina Masjid Ltd Balance Sheet As at 31 July 2021**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**3**
**CURRENT ASSETS**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**4**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**RESERVES**
Revaluation reserve
**5**
Income and Expenditure Account
**MEMBERS' FUNDS**|**2021**
**£**
**£**
752,900
752,900
109,847
109,847
(600)
109,247
862,147
862,147
254,925
607,222
862,147|**2021**
**£**
**£**
752,900
752,900
109,847
109,847
(600)
109,247
862,147
862,147
254,925
607,222
862,147|**2020**
**£**
**£**
583,566
583,566
253,032
253,032
(600)
252,432
835,998
835,998
254,925
581,073
835,998|**2020**
**£**
**£**
583,566
583,566
253,032
253,032
(600)
252,432
835,998
835,998
254,925
581,073
835,998|
|---|---|---|---|---|
|||752,900
109,247||583,566
252,432|
||109,847
(600)||253,032
(600)||
||||||
|||862,147||835,998|
|||862,147||835,998|
|||254,925
607,222||254,925
581,073|
|||862,147||835,998|
For the year ending 31 July 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 directors acknowledge their 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.
On behalf of the board
Mr Asif Khan Mr Rasib Hussain Director Director 12th April 2022
The notes on pages 6 to 7 form part of these financial statements.
Page 5
**Madina Masjid Ltd Notes to the Financial Statements For The Year Ended 31 July 2021**
## 1. **Accounting Policies**
## 1.1. **Basis of Preparation of Financial Statements**
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
## 1.2. **Turnover**
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
## **Sale of goods**
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
## **Rendering of services**
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
## 1.3. **Tangible Fixed Assets and Depreciation**
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0 Plant & Machinery 15
## 2. **Average Number of Employees**
Average number of employees, including directors, during the year was: 1 (2020: 3)
## 3. **Tangible Assets**
|**Cost**
As at 1 August 2020
Additions
As at 31 July 2021
**Depreciation**
As at 1 August 2020
As at 31 July 2021
**Net Book Value**
As at 31 July 2021
As at 1 August 2020
.
**Creditors: Amounts Falling Due Within One Year**
Accruals and deferred income|**Land &**
**Property**
**Freehold**
**£**
583,566
169,334|**Land &**
**Property**
**Freehold**
**£**
583,566
169,334|**Plant &**
**Machinery**
**£**
845
-|**Total**
**£**
584,411
169,334|
|---|---|---|---|---|
||752,900||845|753,745|
||-||845|845|
||-||845|845|
||752,900||-|752,900|
||583,566||-|583,566|
||||**2021**
**£**
600
600|**2020**
**£**
600|
|||||600|
## 4. **Creditors: Amounts Falling Due Within One Year**
Page 6
## **Madina Masjid Ltd Notes to the Financial Statements (continued) For The Year Ended 31 July 2021**
## 5. **Reserves**
|.
**Reserves**||
|---|---|
|As at 1 August 2020
As at 31 July 2021|**Revaluation**
**Reserve**
**£**
254,925|
||254,925|
## 6. **Company limited by guarantee**
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
## 7. **General Information**
Madina Masjid Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 08606573. The registered office is 82-84 St Catherine Street, Wakefield, WF1 5BP.
Page 7
## **Madina Masjid Ltd Detailed Income and Expenditure Account For The Year Ended 31 July 2021**
|**TURNOVER**
Donations
**GROSS SURPLUS**
**Administrative Expenses**
Wages and salaries
Rent
Rates
Light and heat
Water rates
Premises insurance
Insurance
Accountancy fees
Bank charges
Depreciation of plant and machinery
**OPERATING SURPLUS**
**Other interest receivable and similar income**
Bank interest receivable
**SURPLUS FOR THE FINANCIAL YEAR**|**2021**
**£**
**£**
41,106
41,106
10,130
-
-
803
1,103
1,630
-
600
735
-
(15,001)
26,105
44
44
26,149|**2021**
**£**
**£**
41,106
41,106
10,130
-
-
803
1,103
1,630
-
600
735
-
(15,001)
26,105
44
44
26,149|**2020**
**£**
**£**
64,734
64,734
19,661
3,600
1,040
2,586
100
-
1,497
600
758
337
(30,179)
34,555
44
44
34,599|**2020**
**£**
**£**
64,734
64,734
19,661
3,600
1,040
2,586
100
-
1,497
600
758
337
(30,179)
34,555
44
44
34,599|
|---|---|---|---|---|
||44||44||
|||26,105
44||34,555
44|
||||||
|||26,149||34,599|
Page 8