| Siddiquia Education Trust (Company Limited by Guarantee) |
| Registered number: |
07121736 |
| Statement of financial position |
| as at 31 January 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
355,902 |
|
|
360,847 |
|
| Current assets |
| Debtors |
4 |
|
- |
|
|
22 |
| Cash at bank and in hand |
|
|
71,635 |
|
|
60,719 |
|
|
|
71,635 |
|
|
60,741 |
|
| Creditors: amounts falling due within one year |
5 |
|
(36,911) |
|
|
(47,750) |
|
| Net current assets |
|
|
|
34,724 |
|
|
12,991 |
|
| Net assets |
|
|
|
390,626 |
|
|
373,838 |
|
|
|
|
|
|
|
|
| Reserves |
| Income and expenditure account |
|
|
|
390,626 |
|
|
373,838 |
|
| Total Reserves |
|
|
|
390,626 |
|
|
373,838 |
|
|
|
|
|
|
|
|
| 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 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. |
|
|
|
|
| Bashir Ahmed |
| Director |
| Approved by the board on 1 October 2018 |
|
| Siddiquia Education Trust (Company Limited by Guarantee) |
| Notes to the Accounts |
| for the year ended 31 January 2018 |
|
|
| 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). |
|
|
Income |
|
Income represents donations received and receivable during the period. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on 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: |
|
|
Buildings |
2% straight line |
|
Fixtures, fittings, tools and equipment |
15% reducing balance |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), 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. |
|
|
| 2 |
Employees |
2018 |
|
2017 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 February 2017 |
291,000 |
|
111,453 |
|
402,453 |
|
Additions |
- |
|
7,898 |
|
7,898 |
|
At 31 January 2018 |
291,000 |
|
119,351 |
|
410,351 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2017 |
3,640 |
|
37,966 |
|
41,606 |
|
Charge for the year |
1,820 |
|
11,023 |
|
12,843 |
|
At 31 January 2018 |
5,460 |
|
48,989 |
|
54,449 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2018 |
285,540 |
|
70,362 |
|
355,902 |
|
At 31 January 2017 |
287,360 |
|
73,487 |
|
360,847 |
|
|
| 4 |
Debtors |
2018 |
|
2017 |
| £ |
£ |
|
|
Other debtors |
- |
|
22 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Trade creditors |
48 |
|
390 |
|
Other taxes and social security costs |
3 |
|
- |
|
Other creditors |
36,860 |
|
47,360 |
|
|
|
|
|
|
36,911 |
|
47,750 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Guarantees made by the company on behalf of directors |
|
|
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. |
|
|
| 7 |
Other information |
|
|
Siddiquia Education Trust (Company Limited by Guarantee) is a company limited by guarantee and incorporated in England. Its registered office is: |
|
134 Bacchus Road |
|
Winson Green |
|
Birmingham |
|
B18 4QR |
