Abbreviated Company Accounts - MSJ NEWSAGENTS LTD

MSJ NEWSAGENTS LTD - Company Information

04460691 MSJ NEWSAGENTS LTD 2014-06-30 false 2013-07-01 2014-06-30 true 04460691 2013-07-01 2014-06-30 04460691 2014-06-30 04460691 2013-06-30 04460691 uk-gaap-cd-bus:Director1 2013-07-01 2014-06-30 04460691 uk-gaap-cd-bus:Director2 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 iso4217:GBP shares

Registered Number 04460691

MSJ NEWSAGENTS LTD

Abbreviated Accounts

30 June 2014

MSJ NEWSAGENTS LTD Registered Number 04460691

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	31,500	35,000
Tangible assets	3	3,304	1,955
		34,804	36,955
Current assets
Stocks		24,000	24,000
Debtors		2,438	2,446
Cash at bank and in hand		3,951	3,035
		30,389	29,481
Creditors: amounts falling due within one year		(32,675)	(9,474)
Net current assets (liabilities)		(2,286)	20,007
Total assets less current liabilities		32,518	56,962
Creditors: amounts falling due after more than one year		(15,670)	(39,348)
Total net assets (liabilities)		16,848	17,614
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		16,748	17,514
Shareholders' funds		16,848	17,614

For the year ending 30 June 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 20 October 2014

And signed on their behalf by:
Mr Mohan Singh, Director

MSJ NEWSAGENTS LTD Registered Number 04460691

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

1Accounting Policies

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

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Plant and machinery - 25% on reducing balance

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.

2Intangible fixed assets

	£
Cost
At 1 July 2013	70,000
Additions	0
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	70,000
Amortisation
At 1 July 2013	35,000
Charge for the year	3,500
On disposals	-
At 30 June 2014	38,500
Net book values
At 30 June 2014	31,500
At 30 June 2013	35,000

Goodwill
Acquired goodwill is written off in equal annual installments over its estimated useful economic life of 20 years.

3Tangible fixed assets

	£
Cost
At 1 July 2013	20,667
Additions	2,450
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	23,117
Depreciation
At 1 July 2013	18,712
Charge for the year	1,101
On disposals	-
At 30 June 2014	19,813
Net book values
At 30 June 2014	3,304
At 30 June 2013	1,955

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100