Dunfermline Islamic Centre Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC562851 (Scotland)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Dunfermline Islamic Centre Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

Mr Ajaz Mohammed

Mr Mohammed Akbar

Mr Mohammed Irshad

Mr Mohammed Ramzan

Mr Mohammed Sharif

Mr Mohammed Ashik Miah

REGISTERED OFFICE:

125 Woodmill Road

Dunfermline

Fife

KY11 4AE

REGISTERED NUMBER:

SC562851 (Scotland)

ACCOUNTANTS:

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

FIXED ASSETS

Tangible assets

4

780,716

771,079

CURRENT ASSETS

Cash at bank

157,427

118,905

CREDITORS

Amounts falling due within one year

5

5,319

4,848

NET CURRENT ASSETS

152,108

114,057

TOTAL ASSETS LESS CURRENT
LIABILITIES

932,824

885,136

CREDITORS

Amounts falling due after more than one year

6

119,808

136,055

NET ASSETS

813,016

749,081

RESERVES

Revaluation reserve

7

460,000

Retained earnings

353,016

289,081

813,016

749,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:

Mr Ajaz Mohammed - Director

Mr Mohammed Akbar - Director

Mr Mohammed Irshad - Director

Mr Mohammed Ramzan - Director

Mr Mohammed Sharif - Director

Mr Mohammed Ashik Miah - Director

1.	STATUTORY INFORMATION

Dunfermline Islamic Centre Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

In accordance with SSAP 19, no depreciation is provided in respect of land and buildings with over 20 years to run. This treatment is a departure from the requirements of the Companies Act concerning depreciation of fixed assets, however land and buildings are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot reasonably be separately identified or quantified.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 May 2024

771,079

872

771,951

Additions

9,637

-

9,637

At 30 April 2025

780,716

872

781,588

DEPRECIATION

At 1 May 2024

and 30 April 2025

-

872

NET BOOK VALUE

At 30 April 2025

780,716

-

780,716

At 30 April 2024

771,079

-

771,079

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Bank loans and overdrafts

4,068

Trade creditors

(1

)

-

Taxation and social security

472

-

Other creditors

780

5,319

4,848

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.4.25

30.4.24

£

Bank loans

119,808

136,055

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

73,255

89,502

7.

RESERVES

Revaluation

reserve

£

At 1 May 2024

and 30 April 2025

460,000

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

23 May 2025