Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 28 November 2024 1 April 2023 31 March 2024 31 March 2024 08814639 Mr Ayub Ahmed Mr Hussain Ahmed Mr Mustak Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08814639 2023-03-31 08814639 2024-03-31 08814639 2023-04-01 2024-03-31 08814639 frs-core:CurrentFinancialInstruments 2024-03-31 08814639 frs-core:FurnitureFittings 2024-03-31 08814639 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08814639 frs-core:FurnitureFittings 2023-03-31 08814639 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 08814639 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08814639 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 08814639 frs-core:PlantMachinery 2024-03-31 08814639 frs-core:PlantMachinery 2023-04-01 2024-03-31 08814639 frs-core:PlantMachinery 2023-03-31 08814639 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08814639 frs-bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 08814639 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08814639 frs-bus:SmallEntities 2023-04-01 2024-03-31 08814639 frs-bus:Audited 2023-04-01 2024-03-31 08814639 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08814639 frs-bus:Director1 2023-04-01 2024-03-31 08814639 frs-bus:Director2 2023-04-01 2024-03-31 08814639 frs-bus:Director3 2023-04-01 2024-03-31 08814639 frs-countries:EnglandWales 2023-04-01 2024-03-31 08814639 2022-03-31 08814639 2023-03-31 08814639 2022-04-01 2023-03-31 08814639 frs-core:CurrentFinancialInstruments 2023-03-31 08814639 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08814639
Preston Muslim Society, Quwwatul Islam Masjid
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08814639
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,723,650 3,728,356
3,723,650 3,728,356
CURRENT ASSETS
Debtors 5 1,433 695
Cash at bank and in hand 708,936 422,784
710,369 423,479
Creditors: Amounts Falling Due Within One Year 6 (12,117 ) (28,570 )
NET CURRENT ASSETS (LIABILITIES) 698,252 394,909
TOTAL ASSETS LESS CURRENT LIABILITIES 4,421,902 4,123,265
NET ASSETS 4,421,902 4,123,265
Income and Expenditure Account 4,421,902 4,123,265
MEMBERS' FUNDS 4,421,902 4,123,265
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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 Mustak Patel
Director
28/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Preston Muslim Society, Quwwatul Islam Masjid is a private company, limited by guarantee, incorporated in England & Wales, registered number 08814639 . The registered office is Peel Hall Street, Preston, Lancashire, PR1 6QQ. The company Charity Number is 1158609.
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 No depreciaiton charge
Plant & Machinery 25% Reducing balance method
Fixtures & Fittings 25% Reducing balance method
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2023: 24)
21 24
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 3,709,533 37,280 14,333 3,761,146
As at 31 March 2024 3,709,533 37,280 14,333 3,761,146
Depreciation
As at 1 April 2023 - 22,992 9,798 32,790
Provided during the period - 3,572 1,134 4,706
As at 31 March 2024 - 26,564 10,932 37,496
Net Book Value
As at 31 March 2024 3,709,533 10,716 3,401 3,723,650
As at 1 April 2023 3,709,533 14,288 4,535 3,728,356
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 550 -
Prepayments and accrued income 753 695
Other taxes and social security 130 -
1,433 695
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security - 90
Other creditors - 25,000
Accruals and deferred income 12,117 3,480
12,117 28,570
7. 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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8. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
9. Audit Information
The auditors report on the account of Preston Muslim Society, Quwwatul Islam Masjid for the year ended 31 March 2024 was unqualified
The auditor's report was signed by Ilyas Patel (Senior Statutory Auditor) for and on behalf of Ilyas Patel (Accountants) Limited , Statutory Auditor
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