Good News For Israel - Limited company - abbreviated - 11.9

Good News For Israel - Limited company - abbreviated - 11.9


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REGISTERED NUMBER: 04647064 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Good News For Israel

Good News For Israel (Registered number: 04647064)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Good News For Israel

Company Information
for the Year Ended 31 March 2015







DIRECTORS: Mrs J Church
Mr D Horwitz
Mr I Peysahovich
Dr M J Pickering



REGISTERED OFFICE: Old Synagogue
Linnaeus Street
Hull
East Yorkshire
HU3 2PD



REGISTERED NUMBER: 04647064 (England and Wales)



ACCOUNTANTS: 360 Accountants Limited
19 Albion Street
Hull
East Yorkshire
HU1 3TG



BANKERS: Barclays
10 Market Place
Hull
East Yorkshire
HU1 1RN

Good News For Israel (Registered number: 04647064)

Abbreviated Balance Sheet
31 March 2015

31/3/15 31/3/14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2,862 4,509

CURRENT ASSETS
Debtors 320 118
Cash at bank and in hand 658,145 554,781
658,465 554,899
CREDITORS
Amounts falling due within one year 7,782 10,240
NET CURRENT ASSETS 650,683 544,659
TOTAL ASSETS LESS CURRENT
LIABILITIES

653,545

549,168

RESERVES
Income and expenditure account 653,545 549,168
653,545 549,168

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 surplus or deficit 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 by the Board of Directors on 22 December 2015 and were signed on its behalf
by:





Mr D Horwitz - Director


Good News For Israel (Registered number: 04647064)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2015

1. ACCOUNTING POLICIES

Accounts format
An amended format has been used to present the income and expenditure account for the company. The directors
consider that this format is more appropriate to a not-for-profit entity and adoption of the prescribed layout in
accordance with the Companies Act 2006 would not give a true and fair view of the activities of the company.

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Income
The income and surplus before taxation are attributable to the principal activity of the company.

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

Computer equipment - 33% on cost and 15% on reducing balance

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. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 7,040
DEPRECIATION
At 1 April 2014 2,531
Charge for year 1,647
At 31 March 2015 4,178
NET BOOK VALUE
At 31 March 2015 2,862
At 31 March 2014 4,509

3. SHARE CAPITAL

The company is limited by guarantee and as such has no share capital.

The members of the company guarantee its indebtedness. This liability is limited to a nominal sum of £1 each.
The directors may admit members in accordance with the Articles of Association.

Each member is entitled to one vote at a general meeting, irrespective of the guarantee that he or she may have
made.

In the event of a winding up or dissolution of the company, the members are not entitled to a share of the assets
or of any surplus arising.