Methodist Publishing Company Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: NI073886 (Northern Ireland)

Abbreviated Accounts

for the Year Ended 31 December 2014

for

Methodist Publishing Company Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Rev Desmond Charles Bain

Mr John Harold Baird

Mrs Marlene Joan Baird

Rev Dr Peter Crossley Mercer

Mrs Lynda Ann Neilands

Mrs Edna Joyce Kingston

Rev Dr Heather Morris

REGISTERED OFFICE:

16 Adlon Crescent

Lisburn

Co. Antrim

BT28 2EG

REGISTERED NUMBER:

NI073886 (Northern Ireland)

ACCOUNTANTS:

McCleary & Company Ltd

Chartered Accountants

Quaker Buildings

High Street

Lurgan

Craigavon

Co. Armagh

BT66 8BB

BANKERS:

First Trust Bank

35 University Road

Belfast

Co. Antrim

BT7 1ND

FIXED ASSETS

Investments

2

130,899

125,827

CURRENT ASSETS

Debtors

1,448

2,158

Cash at bank

20,136

22,676

21,584

24,834

CREDITORS

Amounts falling due within one year

(1,992

)

(4,305

)

NET CURRENT ASSETS

19,592

20,529

TOTAL ASSETS LESS CURRENT LIABILITIES

150,491

146,356

RESERVES

Revaluation reserve

24,107

19,035

Capital investment reserve

106,792

106,792

Newsletter committee reserve

21,553

21,553

Profit and loss account

(1,961

)

(1,024

)

150,491

146,356

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved and authorised for issue by the Board of Directors on 7 May 2015 and were signed on its behalf by:

Mr John Harold Baird - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year and

derives from the provision of goods and services falling within the company's ordinary activities.

Deferred tax

Deferred tax is provided on the liability method to take account of timing differences between the treatment of

certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is

accounted for in respect of all material timing differences. Deferred tax assets are recognised only to the extent

that they are regarded as recoverable.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST OR VALUATION

At 1 January 2014

125,827

Revaluations

5,072

At 31 December 2014

130,899

NET BOOK VALUE

At 31 December 2014

130,899

At 31 December 2013

125,827