| Siddiquia Education Trust (Company Limited by Guarantee) |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Siddiquia Education Trust for the year ended 31 January 2015 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Siddiquia Education Trust for the year ended 31 January 2015 which comprise of 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 Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. |
|
| BAY Accountants Ltd |
| Chartered Accountants & Tax Advisers |
| Soho House |
| 362 - 364 Soho Road |
| Birmingham |
| B21 9QL |
|
| 30 November 2015 |
|
| Siddiquia Education Trust (Company Limited by Guarantee) |
| Registered number: |
07121736 |
| Abbreviated Balance Sheet |
| as at 31 January 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
351,849 |
|
|
317,217 |
|
| Current assets |
| Debtors |
|
|
22 |
|
|
- |
| Cash at bank and in hand |
|
|
32,167 |
|
|
40,462 |
|
|
|
32,189 |
|
|
40,462 |
|
| Creditors: amounts falling due within one year |
|
|
(59,360) |
|
|
(70,118) |
|
| Net current liabilities |
|
|
|
(27,171) |
|
|
(29,656) |
|
| Net assets |
|
|
|
324,678 |
|
|
287,561 |
|
|
|
|
|
|
|
|
| Reserves |
| Income and expenditure account |
|
|
|
324,678 |
|
|
287,561 |
|
| Total funds |
|
|
|
324,678 |
|
|
287,561 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| 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. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mohammed Suleman |
| Director |
| Approved by the board on 30 November 2015 |
|
| Siddiquia Education Trust (Company Limited by Guarantee) |
| Notes to the Abbreviated Accounts |
| for the year ended 31 January 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Income |
|
Income represents donations received and receivable during the period. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Equipment, Fixtures & Fittings |
15% reducing balance |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 February 2014 |
321,844 |
|
Additions |
45,370 |
|
At 31 January 2015 |
367,214 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2014 |
4,627 |
|
Charge for the year |
10,738 |
|
At 31 January 2015 |
15,365 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2015 |
351,849 |
|
At 31 January 2014 |
317,217 |
|
|
|
|
|
|
|
|
| 3 |
Company limited by guarantee |
|
|
The company is limited by guarantee of members and does not have share capital. The liability of members is limited to £1. On winding up of the company, any surplus assets that exist must be transferred to another body or bodies having objects similar to those of the company. |
