Abbreviated Company Accounts - METHODIST NEWSPAPER COMPANY LIMITED

METHODIST NEWSPAPER COMPANY LIMITED - Company Information

00000295 METHODIST NEWSPAPER COMPANY LIMITED 2014-11-30 false 2014-01-01 2014-11-30 true 00000295 2014-01-01 2014-11-30 00000295 2014-11-30 00000295 2013-12-31 00000295 uk-gaap-cd-bus:Director1 2014-01-01 2014-11-30 00000295 uk-gaap-cd-bus:Director2 2014-01-01 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-01-01 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass2 2013-12-31 iso4217:GBP shares

Registered Number 00000295

METHODIST NEWSPAPER COMPANY LIMITED

Abbreviated Accounts

30 November 2014

METHODIST NEWSPAPER COMPANY LIMITED Registered Number 00000295

Abbreviated Balance Sheet as at 30 November 2014

	Notes	30/11/2014	31/12/2013
		£	£
Fixed assets
Tangible assets	2	297,939	301,336
		297,939	301,336
Current assets
Debtors		101,658	84,469
Investments		211,613	208,616
Cash at bank and in hand		241,066	51,304
		554,337	344,389
Creditors: amounts falling due within one year		(376,204)	(213,383)
Net current assets (liabilities)		178,133	131,006
Total assets less current liabilities		476,072	432,342
Total net assets (liabilities)		476,072	432,342
Capital and reserves
Called up share capital	3	3,500	3,500
Profit and loss account		472,572	428,842
Shareholders' funds		476,072	432,342

For the year ending 30 November 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 7 October 2015

And signed on their behalf by:
Ms M R Sleight, Director

METHODIST NEWSPAPER COMPANY LIMITED Registered Number 00000295

Notes to the Abbreviated Accounts for the period ended 30 November 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost, 20% on cost and 10% on cost

2Tangible fixed assets

	£
Cost
At 1 January 2014	639,355
Additions	2,200
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2014	641,555
Depreciation
At 1 January 2014	338,019
Charge for the year	5,597
On disposals	-
At 30 November 2014	343,616
Net book values
At 30 November 2014	297,939
At 31 December 2013	301,336

3Called Up Share Capital
Allotted, called up and fully paid:

	30/11/2014 £	31/12/2013 £
100 Ordinary shares of £25 each	2,500	2,500
100,000 A Ordinary shares of £0.01 each	1,000	1,000