Company Registration No. 03038595 (England and Wales)
ANSAR FINANCE GROUP LIMITED
Unaudited accounts
for the year ended 31 March 2021
ANSAR FINANCE GROUP LIMITED
Unaudited accounts
Contents
ANSAR FINANCE GROUP LIMITED
Company Information
for the year ended 31 March 2021
Directors
MOHAMMED, Ali Akbar
NAZAR, Naseer
RAFIQ, Mohammad
SATWILKAR, Abid Ahmed
ZULFIQAR, Anjum
Company Number
03038595 (England and Wales)
Registered Office
59 Kingsway
MANCHESTER
Lancashire
M19 2LL
GBR
Accountants
The Accountants & Management Consultants Ltd
6 Frome Drive, Crumpsall
Manchester
M8 0GA
ANSAR FINANCE GROUP LIMITED
Statement of financial position
as at 31 March 2021
Tangible assets
11,568
12,884
Cash at bank and in hand
558,889
373,698
Creditors: amounts falling due within one year
(3,169)
(4,169)
Net current assets
1,020,888
1,009,682
Total assets less current liabilities
1,032,464
1,022,574
Creditors: amounts falling due after more than one year
(6,419)
(26,660)
Net assets
1,026,045
995,914
Profit and loss account
1,026,045
995,914
Shareholders' funds
1,026,045
995,914
For the year ending 31 March 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 and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2021 and were signed on its behalf by
ZULFIQAR, Anjum
Director
Company Registration No. 03038595
ANSAR FINANCE GROUP LIMITED
Notes to the Accounts
for the year ended 31 March 2021
ANSAR FINANCE GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03038595. The registered office and principal place of business is 59 Kingsway, MANCHESTER, Lancashire, M19 2LL, GBR.
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.
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.
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable un the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Preparation of consolidated financial statements:
The financial statements contain information about Ansar Finance Group Limited as an individual charity and do not contain consolidated financial information as the parent of the group. The company is exempt under Section 399 (2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
The charity's financial statements for the year ended 31 March 2021 have been prepared on a going concern basis as, after making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.
ANSAR FINANCE GROUP LIMITED
Notes to the Accounts
for the year ended 31 March 2021
Income, expenditure & governance costs
Income:
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure:
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
Governance costs:
Governance costs comprises costs for the running of the charity.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Fixtures & fittings
15% reducing balance
Computer equipment
25% reducing balance
Work in progress are valued at the total value of gift aid amounting £nil (2020: £16,294) for the year ended 31 March 2021.
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Pension costs & other post-retirement benefits
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
ANSAR FINANCE GROUP LIMITED
Notes to the Accounts
for the year ended 31 March 2021
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2020
10,012
25,291
19,183
54,486
At 31 March 2021
10,012
25,291
19,503
54,806
At 1 April 2020
1,912
20,985
18,705
41,602
Charge for the year
810
646
180
1,636
At 31 March 2021
2,722
21,631
18,885
43,238
At 31 March 2021
7,290
3,660
618
11,568
At 31 March 2020
8,100
4,306
478
12,884
Fair value at 1 April 2020
8
Investment in subsidiaries undertakings are recognised at cost.
7
Debtors: amounts falling due within one year
2021
2020
Trade debtors
147,643
305,641
Amounts due from group undertakings etc.
312,107
311,857
Accrued income and prepayments
1,033
2,635
8
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
284
272
9
Creditors: amounts falling due after more than one year
2021
2020
Other creditors
6,419
26,660
ANSAR FINANCE GROUP LIMITED
Notes to the Accounts
for the year ended 31 March 2021
10
Transactions with related parties
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
11
Average number of employees
During the year the average number of employees was 3 (2020: 3).
