REGISTERED NUMBER: 02784605 (England and Wales)

Mendip Media Group Ltd.

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M H Trevor

Mrs C F Williams

Mrs R M Jessop

Mrs S J Trevor

SECRETARY:

Mrs C F Williams

REGISTERED OFFICE:

Rockeagle House

Pynes Hill

Exeter

Devon

EX2 5AZ

REGISTERED NUMBER:

02784605 (England and Wales)

ACCOUNTANTS:

Haines Watts Exeter LLP

1A Parliament Square

Parliament Street

Crediton

Devon

EX17 2AW

FIXED ASSETS

Tangible assets

2

16,624

22,810

CURRENT ASSETS

Stocks

250

250

Debtors

137,482

139,889

Cash at bank and in hand

184,729

58,283

322,461

198,422

CREDITORS

Amounts falling due within one year

(142,690

)

(112,695

)

NET CURRENT ASSETS

179,771

85,727

TOTAL ASSETS LESS CURRENT LIABILITIES

196,395

108,537

CREDITORS

Amounts falling due after more than one year

-

(846

)

PROVISIONS FOR LIABILITIES

(1,018

)

(1,192

)

NET ASSETS

195,377

106,499

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

195,375

106,497

SHAREHOLDERS' FUNDS

195,377

106,499

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 profit or loss 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 15 December 2014 and were signed on its behalf by:

M H Trevor - Director

1.	ACCOUNTING POLICIES

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).

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the

year and derives from the provision of services falling within the company's ordinary activities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold properties

-

Over the term of the lease

Fixtures, fittings and equipment

-

25% straight line

Motor vehicles

-

25% straight line

Computer equipment

-

33% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

250,970

Additions

6,206

Disposals

(6,533

)

At 31 March 2014

250,643

DEPRECIATION

At 1 April 2013

228,160

Charge for year

9,178

Eliminated on disposal

(3,319

)

At 31 March 2014

234,019

NET BOOK VALUE

At 31 March 2014

16,624

At 31 March 2013

22,810

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

1

2

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2014 and

31 March 2013:

2014

2013

£

£

Mrs C F Williams

Balance outstanding at start of year

2,559

4,322

Amounts advanced

58

17

Amounts repaid

(2,617

)

(1,780

)

Balance outstanding at end of year

-

2,559

During the year the company charged interest on the overdrawn loan account amounting to £203

(2013 - £17).