Company Registration No. 7100540 (England and Wales)
Peterborough Muslim Education Trust
Unaudited accounts
for the year ended 31 December 2020
Peterborough Muslim Education Trust
Unaudited accounts
Contents
Peterborough Muslim Education Trust
Company Information
for the year ended 31 December 2020
Directors
Saqib Rehman
Tariq Nawaz
Yousaf Islamil
Company Number
7100540 (England and Wales)
Registered Office
Iqra Academy
Enterprise Way, Bretton
Peterborough
Cambridgeshire
PE3 8YQ
England
Accountants
Griffin and Sage Limited
172 Park Road
Peterboroug
PE1 2UF
Peterborough Muslim Education Trust
Statement of financial position
as at
31 December 2020
Tangible assets
3,443
5,466
Cash at bank and in hand
25,909
1,584
Creditors: amounts falling due within one year
(173,799)
(177,893)
Net current liabilities
(3,543)
(25,707)
Total assets less current liabilities
(100)
(20,241)
Creditors: amounts falling due after more than one year
(207,075)
(273,947)
Net liabilities
(207,175)
(294,188)
Profit and loss account
(207,175)
(294,188)
Shareholders' funds
(207,175)
(294,188)
For the year ending 31 December 2020 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 December 2021 and were signed on its behalf by
Saqib Rehman
Director
Company Registration No. 7100540
Peterborough Muslim Education Trust
Notes to the Accounts
for the year ended 31 December 2020
Peterborough Muslim Education Trust is a private company, limited by shares, registered in England and Wales, registration number 7100540. The registered office is Iqra Academy, Enterprise Way, Bretton, Peterborough, Cambridgeshire, PE3 8YQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2020 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2019.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
Peterborough Muslim Education Trust
Notes to the Accounts
for the year ended 31 December 2020
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2020
41,571
5,150
46,721
At 31 December 2020
41,571
5,890
47,461
At 1 January 2020
38,658
2,597
41,255
Charge for the year
728
2,295
3,023
On disposals
-
(260)
(260)
At 31 December 2020
39,386
4,632
44,018
At 31 December 2020
2,185
1,258
3,443
At 31 December 2019
2,913
2,553
5,466
5
Debtors: amounts falling due within one year
2020
2019
Trade debtors
144,347
150,602
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
6,165
384
Other creditors
15,778
16,008
Deferred income
151,856
146,515
7
Creditors: amounts falling due after more than one year
2020
2019
Other creditors
207,075
273,947
Long term creditors represent interest free loans raised by the trustees.
8
Operating lease commitments
2020
2019
At 31 December 2020 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within two to five years
37,200
37,200
Peterborough Muslim Education Trust
Notes to the Accounts
for the year ended 31 December 2020
9
Average number of employees
During the year the average number of employees was 28 (2019: 30).