Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05066924 Mr Abdoulie Sallah Mr Amunullah Ibrahim Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05066924 2023-03-31 05066924 2024-03-31 05066924 2023-04-01 2024-03-31 05066924 frs-core:CurrentFinancialInstruments 2024-03-31 05066924 frs-core:ComputerEquipment 2024-03-31 05066924 frs-core:ComputerEquipment 2023-04-01 2024-03-31 05066924 frs-core:ComputerEquipment 2023-03-31 05066924 frs-core:FurnitureFittings 2024-03-31 05066924 frs-core:FurnitureFittings 2023-04-01 2024-03-31 05066924 frs-core:FurnitureFittings 2023-03-31 05066924 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 05066924 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05066924 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 05066924 frs-core:PlantMachinery 2024-03-31 05066924 frs-core:PlantMachinery 2023-04-01 2024-03-31 05066924 frs-core:PlantMachinery 2023-03-31 05066924 frs-core:OtherReservesSubtotal 2023-04-01 2024-03-31 05066924 frs-core:OtherReservesSubtotal 2024-03-31 05066924 frs-core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 05066924 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05066924 frs-bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 05066924 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05066924 frs-bus:SmallEntities 2023-04-01 2024-03-31 05066924 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05066924 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05066924 frs-bus:Director1 2023-04-01 2024-03-31 05066924 frs-bus:Director2 2023-04-01 2024-03-31 05066924 frs-countries:EnglandWales 2023-04-01 2024-03-31 05066924 2022-03-31 05066924 2023-03-31 05066924 2022-04-01 2023-03-31 05066924 frs-core:CurrentFinancialInstruments 2023-03-31 05066924 frs-core:OtherReservesSubtotal 2022-03-31 05066924 frs-core:OtherReservesSubtotal 2023-03-31 05066924 frs-core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 05066924 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-03-31 05066924 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Stafford Muslim Prayer Hall Committee Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—5
Page 1
Balance Sheet
Registered number: 05066924
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 193,225 195,386
Investment Properties 5 228,181 228,181
421,406 423,567
CURRENT ASSETS
Debtors 6 626 549
Cash at bank and in hand 61,663 33,451
62,289 34,000
Creditors: Amounts Falling Due Within One Year 7 (17,653 ) (17,220 )
NET CURRENT ASSETS (LIABILITIES) 44,636 16,780
TOTAL ASSETS LESS CURRENT LIABILITIES 466,042 440,347
NET ASSETS 466,042 440,347
RESERVES
Other reserves 372,017 347,694
Income and Expenditure Account 94,025 92,653
MEMBERS' FUNDS 466,042 440,347
Page 1
Page 2
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
Mr Abdoulie Sallah
Director
Mr Amunullah Ibrahim Patel
Director
27 August 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Other reserves Income and Expenditure Account Total
£ £ £
As at 1 April 2022 347,694 91,369 439,063
Profit for the year and total comprehensive income - 1,284 1,284
As at 31 March 2023 and 1 April 2023 347,694 92,653 440,347
Profit for the year and total comprehensive income - 1,372 1,372
Transfer to/from Income & Expenditure Account 24,323 - 24,323
As at 31 March 2024 372,017 94,025 466,042
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Stafford Muslim Prayer Hall Committee Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 05066924 . The registered office is Smphc Ltd Greyfriars Place, Stafford, Midstaffordshire, ST16 2SD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Freehold Not depreciated
Plant & Machinery 20% Straight line basis
Fixtures & Fittings 20% Straight line basis
Computer Equipment 33% Straight line basis
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income and expenditure account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 188,416 218 21,902 1,315 211,851
As at 31 March 2024 188,416 218 21,902 1,315 211,851
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 April 2023 - 111 15,296 1,058 16,465
Provided during the period - 43 1,861 257 2,161
As at 31 March 2024 - 154 17,157 1,315 18,626
Net Book Value
As at 31 March 2024 188,416 64 4,745 - 193,225
As at 1 April 2023 188,416 107 6,606 257 195,386
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 228,181
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 626 549
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 314 216
Accruals and deferred income 840 840
Directors' loan accounts 16,499 16,164
17,653 17,220
8. 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.
Page 5