Abbreviated Company Accounts - METHODIST NEWSPAPER COMPANY LIMITED

METHODIST NEWSPAPER COMPANY LIMITED - Company Information

Registered Number 00000295

METHODIST NEWSPAPER COMPANY LIMITED

Abbreviated Accounts

28 November 2015

METHODIST NEWSPAPER COMPANY LIMITED Registered Number 00000295

Abbreviated Balance Sheet as at 28 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	292,342	297,939
		292,342	297,939
Current assets
Debtors		67,473	101,658
Investments		622	211,613
Cash at bank and in hand		344,491	241,066
		412,586	554,337
Creditors: amounts falling due within one year		(384,901)	(376,204)
Net current assets (liabilities)		27,685	178,133
Total assets less current liabilities		320,027	476,072
Total net assets (liabilities)		320,027	476,072
Capital and reserves
Called up share capital		3,500	3,500
Profit and loss account		316,527	472,572
Shareholders' funds		320,027	476,072

For the year ending 28 November 2015 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 16 February 2017

And signed on their behalf by:
C Wells, Director

METHODIST NEWSPAPER COMPANY LIMITED Registered Number 00000295

Notes to the Abbreviated Accounts for the period ended 28 November 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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 December 2014	641,555
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 November 2015	641,555
Depreciation
At 1 December 2014	343,616
Charge for the year	5,597
On disposals	-
At 28 November 2015	349,213
Net book values
At 28 November 2015	292,342
At 30 November 2014	297,939