Company Registration No. 1191196 (England and Wales)
GOREEB CHILDREN EDUCATION TRUST ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
GOREEB CHILDREN EDUCATION TRUST ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS
| Page | |
|---|---|
| Director's report | 3 |
| Accountants' report | 4 |
| Income statement | 5 |
| Statement of financial position | 6 |
| Statement of changes in equity | 7 |
| Notes to the accounts | 8 |
| Detailed profit and loss account | 9 |
- 2 -
GOREEB CHILDREN EDUCATION TRUST (COMPANY NO: 1191196 ENGLAND AND WALES) DIRECTOR'S REPORT
The director presents his report and accounts for the year ended 31 March 2023.
Directors
Shafiqul Islam held office during the whole of the period.
Statement of directors' responsibilities
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts 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 accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the accounts 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 accounts 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.
Small company provisions
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors
............................................................................
Shafiqul Islam Director
Approved by the board on: 28 December 2023
- 3 -
ACCOUNTANTS' REPORT ON THE PREPARATION OF THE UNAUDITED STATUTORY STATEMENTS OF GOREEB CHILDREN EDUCATION TRUST (THE COMPANY) FOR THE YEAR ENDED 31 MARCH 2023
In order to assist you as the sole director to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 31 March 2023 which comprises of the profit and loss account, the balance sheet, and explanatory notes from the company's accounting records and from information and explanations which you have provided us with.
As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to you as the sole director of the company, in accordance with the terms of our letter of engagement dated . Our work has been undertaken solely to prepare for your approval the financial statements of the company, and state those matters that we have agreed to state to you, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and you as the sole director for our work or for this report.
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and financial performance of the company. You consider that the company is exempt from the statutory audit requirement for the year ended 31 March 2023.
We have not been instructed to carry out any assurance service on the financial statements of the company. 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 statutory financial statements.
Sheikh and Co Financial Accountants
Bow Business Centre 153-159 Bow Road London London E3 2SE
28 December 2023
- 4 -
GOREEB CHILDREN EDUCATION TRUST INCOME STATEMENT FOR THE YEAR ENDED 31 MARCH 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Turnover | 559 | - |
| Cost of sales | (400) | - |
| Gross profit | 159 | - |
| Operating profit | 159 | - |
| Profit on ordinary activities before taxation | 159 | - |
| Tax on profit on ordinary activities | - | - |
| Profit for the financial year | 159 | - |
- 5 -
GOREEB CHILDREN EDUCATION TRUST STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2023
| Notes Current assets Cash at bank and in hand Net current assets Net assets Capital and reserves Profit and loss account Shareholders' funds |
2023 £ 690 690 690 690 690 |
2022 £ 531 |
|---|---|---|
| 531 | ||
| 531 | ||
| 531 | ||
| 531 |
For the year ending 31 March 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
The financial statements were approved by the Board and authorised for issue on 28 December 2023 and were signed on its behalf by
Shafiqul Islam Director
Company Registration No. 1191196
- 6 -
GOREEB CHILDREN EDUCATION TRUST STATEMENT OF CHANGES IN EQUITY AS AT 31 MARCH 2023
| At 1 April 2021 Profit for the year At 31 March 2022 At 1 April 2022 Profit for the year At 31 March 2023 |
Share capital £ - - - - |
Profit & loss account £ 531 - 531 531 159 690 |
Total £ 531 - |
|---|---|---|---|
| 531 | |||
| 531 159 |
|||
| 690 |
- 7 -
GOREEB CHILDREN EDUCATION TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
1 Statutory information
GOREEB CHILDREN EDUCATION TRUST is a private company, limited by shares, registered in England and Wales, registration number 1191196. The registered office is 25 Nutberry Avenue, GRAYS, ESSEX, RM1 62TL.
2 Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3 Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4 Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 8 -
GOREEB CHILDREN EDUCATION TRUST DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023
This schedule does not form part of the statutory accounts.
| This schedule does not form part of the statutory accounts. | ||
|---|---|---|
| Turnover Fees Cost of sales Purchases Gross profit Operating profit Profit on ordinary activities before taxation |
2023 £ 559 400 159 159 159 |
2022 £ - |
| - | ||
| - | ||
| - | ||
| - |
- 9 -