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Registered number: 05986924
SANDWELL ASIAN DEVELOPMENT ASSOCIATION
Unaudited Financial Statements
For The Year Ended 31 March 2024
AMCI ASSOCIATES LTD
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Company Information
Directors Mr Barkat Hussain
Mr Mohammed Zafran
Mrs Nazar Bi
Mrs Tahira Imran
Secretary Mrs Tahira Imran
Company Number 05986924
Registered Office 75 Springfield Crescent
West Bromwich
West Midlands
B70 6LW
Accountants AMCI ASSOCIATES LTD
133 Tame Road
Witton
Birmingham
West Midlands
B6 7DG
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Balance Sheet
Registered number: 05986924
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,586 26,388
17,586 26,388
CURRENT ASSETS
Debtors 5 10,585 8,309
Cash at bank and in hand 77,248 60,200
87,833 68,509
Creditors: Amounts Falling Due Within One Year 6 (1,450 ) (1,350 )
NET CURRENT ASSETS (LIABILITIES) 86,383 67,159
TOTAL ASSETS LESS CURRENT LIABILITIES 103,969 93,547
Creditors: Amounts Falling Due After More Than One Year 7 (9,583 ) (11,290 )
NET ASSETS 94,386 82,257
Income and Expenditure Account 94,386 82,257
MEMBERS' FUNDS 94,386 82,257
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For the year ending 31 March 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mrs Tahira Imran
Director
26/06/2024
The notes on pages 4 to 5 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
SANDWELL ASIAN DEVELOPMENT ASSOCIATION is a private company, limited by guarantee, incorporated in England & Wales, registered number 05986924 . The registered office is 75 Springfield Crescent, West Bromwich, West Midlands, B70 6LW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20%
Fixtures & Fittings 10%
Computer Equipment 20%
2.4. Government Grant
Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned.
All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 5,949 113,516 6,800 126,265
Additions 4,897 - 1,476 6,373
As at 31 March 2024 10,846 113,516 8,276 132,638
Depreciation
As at 1 April 2023 1,189 96,136 2,552 99,877
Provided during the period 2,169 11,351 1,655 15,175
As at 31 March 2024 3,358 107,487 4,207 115,052
Net Book Value
As at 31 March 2024 7,488 6,029 4,069 17,586
As at 1 April 2023 4,760 17,380 4,248 26,388
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5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 603 603
Other debtors 9,982 7,706
10,585 8,309
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,450 1,350
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,583 11,290
8. Reserves
Members Funds consisted as follows:
Unrestricted Funds:
Balance b/fwd at 1st April 2023 £49,321
Changes during the year £(33,275)
Balance c/fwd at 31st March 2024 £16,046
Restricted Funds:
Balance b/fwd at 1st April 2023 £32,9936 
Changes during the year £45,404
Balance c/fwd at 31st March 2024 £78,340
 Total Funds at 31st March 2024 £94,386
9. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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