Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 04972406 Mr Abdurrashid Teylor Mrs F A Teylor Mrs F A Teylor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04972406 2023-12-31 04972406 2024-12-31 04972406 2024-01-01 2024-12-31 04972406 frs-core:CurrentFinancialInstruments 2024-12-31 04972406 frs-core:PlantMachinery 2024-12-31 04972406 frs-core:PlantMachinery 2024-01-01 2024-12-31 04972406 frs-core:PlantMachinery 2023-12-31 04972406 frs-core:ShareCapital 2024-12-31 04972406 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04972406 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04972406 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04972406 frs-bus:SmallEntities 2024-01-01 2024-12-31 04972406 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04972406 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04972406 frs-bus:Director1 2024-01-01 2024-12-31 04972406 frs-bus:Director2 2024-01-01 2024-12-31 04972406 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 04972406 frs-countries:EnglandWales 2024-01-01 2024-12-31 04972406 2022-12-31 04972406 2023-12-31 04972406 2023-01-01 2023-12-31 04972406 frs-core:CurrentFinancialInstruments 2023-12-31 04972406 frs-core:ShareCapital 2023-12-31 04972406 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04972406
Islamic Book Centre Limited
Financial Statements
For The Year Ended 31 December 2024
Patel & Co. Accountants
362 Derby Street
Bolton
BL3 6LS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04972406
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 199 249
199 249
CURRENT ASSETS
Stocks 5 35,167 72,829
Debtors 6 392 994
Cash at bank and in hand 64,403 34,327
99,962 108,150
Creditors: Amounts Falling Due Within One Year 7 (31,646 ) (38,293 )
NET CURRENT ASSETS (LIABILITIES) 68,316 69,857
TOTAL ASSETS LESS CURRENT LIABILITIES 68,515 70,106
NET ASSETS 68,515 70,106
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 68,513 70,104
SHAREHOLDERS' FUNDS 68,515 70,106
Page 1
Page 2
For the year ending 31 December 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 Profit and Loss Account.
On behalf of the board
Mr Abdurrashid Teylor
Director
29th September 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Islamic Book Centre Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04972406 . The registered office is 123 Halliwell Road, Bolton, Lancashire, BL1 3NF.
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:
Plant & Machinery 18% on WDV
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 8,568
As at 31 December 2024 8,568
Depreciation
As at 1 January 2024 8,319
Provided during the period 50
As at 31 December 2024 8,369
Net Book Value
As at 31 December 2024 199
As at 1 January 2024 249
Page 3
Page 4
5. Stocks
2024 2023
£ £
Stock 35,167 72,829
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 31 994
Prepayments and accrued income 361 -
392 994
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 798 43
Other taxes and social security 37 299
Net wages - 6,675
Accruals and deferred income 83 -
Directors' loan accounts 30,728 31,276
31,646 38,293
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4