Bell Publishing Limited - Period Ending 2014-04-30

Registration number: 3712518

Bell Publishing Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2014
 

King & Taylor Limited
4th Floor, Joynes House
New Road
Gravesend
Kent
DA11 0AT

Bell Publishing Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Bell Publishing Limited
(Registration number: 3712518)
Abbreviated Balance Sheet at 30 April 2014

		Note			2014 £			2013 £
Fixed assets
Intangible fixed assets					-			3,051
Tangible fixed assets					14,460			19,783
					14,460			22,834
Current assets
Debtors					510,829			283,307
Investments					204,392			204,392
Cash at bank and in hand					473,463			464,968
					1,188,684			952,667
Creditors: Amounts falling due within one year					(480,314)			(444,884)
Net current assets					708,370			507,783
Total assets less current liabilities					722,830			530,617
Creditors: Amounts falling due after more than one year					(110,899)			(116,217)
Net assets					611,931			414,400
Capital and reserves
Called up share capital		4			1,000			1,000
Capital redemption reserve					5,000			5,000
Profit and loss account					605,931			408,400
Shareholders' funds					611,931			414,400

For the year ending 30 April 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 21 December 2014 and signed on its behalf by:

.........................................
N D R McRitchie
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Bell Publishing Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	15 years straight line basis

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	Website development 100% straight line
Fixtures, fittings and equipment	33%/20% straight line
Motor vehicles	25% straight line

Current asset investments

Current asset investments are included at the lower of cost and net realisable value.

Deferred tax

Deferred taxation is provided on the liability method to take account of the timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. The company has not adopted the policy of discounting deferred tax assets and liabilities.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Page 2

Bell Publishing Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

Pensions

The pension costs charged in the financial statements represent the contribution payable by the company during the year

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 May 2013		47,241			74,343			121,584
Additions		-			5,270			5,270
At 30 April 2014		47,241			79,613			126,854
Depreciation
At 1 May 2013		44,190			54,560			98,750
Charge for the year		3,051			10,593			13,644
At 30 April 2014		47,241			65,153			112,394
Net book value
At 30 April 2014		-			14,460			14,460
At 30 April 2013		3,051			19,783			22,834

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2014 £			2013 £
Amounts falling due within one year		4,950			4,500
Amounts falling due after more than one year		110,899			116,217
Total secured creditors		115,849			120,717

Included in the creditors are the following amounts due after more than five years:

		2014 £			2013 £
After more than five years by instalments		91,099			98,216

Page 3

Bell Publishing Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

4	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		1,000			1,000			1,000			1,000

5

Control

The company is controlled by MCR Media Limited, the ultimate holding company. Bell Publishing Limited is 100% subsidiary of MCR Media Limited a company incorporated in England. The ultimate controlling party is the directors who directly control 100% of the issued share capital of the ultimate holding company, MCR Media Limited.

Page 4