| Nasrul-Lahi-il-Fatih Society of Nigeria United Kingdom & Ireland |
| Registered number: |
05297454 |
| Balance Sheet |
| as at 30 November 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
512,908 |
|
|
513,546 |
|
| Current assets |
| Stocks |
|
|
145 |
|
|
145 |
| Debtors |
3 |
|
6,050 |
|
|
3,810 |
| Cash at bank and in hand |
|
|
99,270 |
|
|
125,364 |
|
|
|
105,465 |
|
|
129,319 |
|
| Creditors: amounts falling due within one year |
4 |
|
(4,867) |
|
|
(16,514) |
|
| Net current assets |
|
|
|
100,598 |
|
|
112,805 |
|
| Total assets less current liabilities |
|
|
|
613,506 |
|
|
626,351 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(89,802) |
|
|
(191,365) |
|
| Net assets |
|
|
|
523,704 |
|
|
434,986 |
|
|
|
|
|
|
|
|
| Reserves |
| The funds of the charity |
6 |
|
|
137,690 |
|
|
137,690 |
| Net income/(expenditure) |
|
|
|
386,014 |
|
|
297,296 |
|
| Charity's funds |
|
|
|
523,704 |
|
|
434,986 |
|
|
- |
|
|
|
|
|
|
|
|
| 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 members have 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Rauf Olawale Mohammed-Noah |
| Director |
| Approved by the board on 30 August 2018 |
|
| Nasrul-Lahi-il-Fatih Society of Nigeria United Kingdom & Ireland |
| Notes to the Accounts |
| for the year ended 30 November 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Company Limited by guarantee |
|
Company is limited by Guarantee and consequently does not have share capital |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
100% in year of purchase; 18% reducing balance |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 December 2016 |
510,000 |
|
60,950 |
|
570,950 |
|
Additions |
- |
|
115 |
|
115 |
|
At 30 November 2017 |
510,000 |
|
61,065 |
|
571,065 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2016 |
- |
|
57,404 |
|
57,404 |
|
Charge for the year |
- |
|
753 |
|
753 |
|
At 30 November 2017 |
- |
|
58,157 |
|
58,157 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2017 |
510,000 |
|
2,908 |
|
512,908 |
|
At 30 November 2016 |
510,000 |
|
3,546 |
|
513,546 |
|
|
| 3 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Other debtors |
6,050 |
|
3,810 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Other creditors |
4,867 |
|
16,514 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Other creditors |
89,802 |
|
191,365 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Revaluation reserve |
2017 |
|
2016 |
| £ |
£ |
|
|
Gain on revaluation of land and buildings |
137,690 |
|
137,690 |
|
|
At 30 November 2017 |
137,690 |
|
137,690 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Nasrul-Lahi-il-Fatih Society of Nigeria United Kingdom & Ireland is a private company limited by shares and incorporated in England. Its registered office is: |
|
33 Pages Walk |
|
Bermondsey |
|
London |
|
SE1 4SB |
