Registered number
08151041
PRESTON MUSLIM SOCIETY, MASJID-E-SALAAM
Filleted Accounts
31 March 2023
PRESTON MUSLIM SOCIETY, MASJID-E-SALAAM
Registered number: 08151041
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,108,457 5,164,265
Current assets
Debtors 4 29,993 35,367
Cash at bank and in hand 269,887 206,842
299,880 242,209
Creditors: amounts falling due within one year 5 (5,269) (1,065)
Net current assets 294,611 241,144
Net assets 5,403,068 5,405,409
Capital and reserves
Profit and loss account 5,403,068 5,405,409
Shareholders' funds 5,403,068 5,405,409
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.
Mr Ilyas Patel
Director
Approved by the board on 28 July 2023
PRESTON MUSLIM SOCIETY, MASJID-E-SALAAM
Notes to the Accounts
for the year ended 31 March 2023
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).
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:
Land and buildings 1% Straight line
Fixtures and equipment 10% Straight line
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2022 5,489,611 9,122 5,498,733
At 31 March 2023 5,489,611 9,122 5,498,733
Depreciation
At 1 April 2022 328,996 5,472 334,468
Charge for the year 54,896 912 55,808
At 31 March 2023 383,892 6,384 390,276
Net book value
At 31 March 2023 5,105,719 2,738 5,108,457
At 31 March 2022 5,160,615 3,650 5,164,265
4 Debtors 2023 2022
£ £
Other debtors 29,993 35,367
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 625 625
Other creditors 4,644 440
5,269 1,065
6 Other information
PRESTON MUSLIM SOCIETY, MASJID-E-SALAAM is a private company limited by shares and incorporated in England. Its registered office is:
Soloman House
Belgrave Court
Fulwood
Preston
PR2 9PL
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