Abbreviated Company Accounts - METHODIST NEWSPAPER COMPANY LIMITED

METHODIST NEWSPAPER COMPANY LIMITED - Company Information

00000295 METHODIST NEWSPAPER COMPANY LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 00000295 2013-01-01 2013-12-31 00000295 2013-12-31 00000295 2012-12-31 00000295 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 00000295 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2012-12-31 iso4217:GBP shares

Registered Number 00000295

METHODIST NEWSPAPER COMPANY LIMITED

Abbreviated Accounts

31 December 2013

METHODIST NEWSPAPER COMPANY LIMITED Registered Number 00000295

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	301,336	298,167
		301,336	298,167
Current assets
Debtors		84,469	29,921
Investments		208,616	20,722
Cash at bank and in hand		51,304	155,526
		344,389	206,169
Creditors: amounts falling due within one year		(213,383)	(202,990)
Net current assets (liabilities)		131,006	3,179
Total assets less current liabilities		432,342	301,346
Total net assets (liabilities)		432,342	301,346
Capital and reserves
Called up share capital	3	3,500	2,500
Profit and loss account		428,842	298,846
Shareholders' funds		432,342	301,346

For the year ending 31 December 2013 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 27 September 2014

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 31 December 2013

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 2013	629,931
Additions	9,424
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	639,355
Depreciation
At 1 January 2013	331,764
Charge for the year	6,255
On disposals	-
At 31 December 2013	338,019
Net book values
At 31 December 2013	301,336
At 31 December 2012	298,167

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

	2013 £	2012 £
100 Ordinary shares of £25 each	2,500	2,500
100,000 A Ordinary shares of £0.01 each (0 shares for 2012)	1,000	0

100,000 A Ordinary shares of 1p each were allotted and fully paid for cash at par during the year.