Abbreviated Company Accounts - BRITISH CROP PRODUCTION COUNCIL

BRITISH CROP PRODUCTION COUNCIL - Company Information

Registered Number 01338928

BRITISH CROP PRODUCTION COUNCIL

Abbreviated Accounts

31 August 2014

BRITISH CROP PRODUCTION COUNCIL Registered Number 01338928

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	3	49,391	39,443
		49,391	39,443
Current assets
Stocks		35,953	38,460
Debtors		15,028	12,548
Cash at bank and in hand		8,897	53,844
		59,878	104,852
Creditors: amounts falling due within one year		(22,220)	(24,139)
Net current assets (liabilities)		37,658	80,713
Total assets less current liabilities		87,049	120,156
Total net assets (liabilities)		87,049	120,156
Reserves
Revaluation reserve		120,156	64,636
Income and expenditure account		(33,107)	55,520
Members' funds		87,049	120,156

For the year ending 31 August 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 May 2015

And signed on their behalf by:
MR PC MORING, Director
DR CNE RUSCOE, Director

BRITISH CROP PRODUCTION COUNCIL Registered Number 01338928

Notes to the Abbreviated Accounts for the period ended 31 August 2014

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. The Accounts have also been prepared in compliance with the Statement of Recommended Practice: Accounting and Reporting by Charities issued in March 2005.

Turnover policy
INCOMING RESOURCES
Income received in the year from fees for goods and services provided is included on a receivable basis.The income is shown gross with the associated costs included in Fund Generation Expenditure. Bank deposit interest and investment income are included on a receivable basis taking into account all amounts due to the year end.

RESOURCES EXPENDED
The Direct Charitable Expenditures relating to educational and research and development costs have been allocated by the Management Team in accordance with their perceived usage. The Costs of Sale include the direct costs of purchasing and preparing the educational materials for re-sale. Governance Expenses have been allocated accounting to the Management Teams perceived usage of their time between Charitable work and related Administrative duties which is calculated at 80% on charitable work for the year.

Tangible assets depreciation policy
Depreciation has been provided on the bases calculated to write down cost of the fixed assets to their estimated residual values over their expected useful lives in the Company's business. The annual rates used as follows :
Computer Equipment - 20 - 33% p.a. straight line
Fixtures and Fittings - 20% p.a. on written down value
Plant and Equipment - 20% p.a. on written down value

Intangible assets amortisation policy
Purchased Goodwill is amortised over its expected useful life which is expected to be one year.

Other accounting policies
RESTRICTED FUNDS
Income received for specific projects or to cover specific costs are separated and treated as Restricted Funds. Expenditure incurred in relation to the Restricted Funds is calculated in accordance with projects costs.

STOCKS
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 September 2013	53,378
Additions	24,936
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	78,314
Depreciation
At 1 September 2013	13,935
Charge for the year	14,988
On disposals	-
At 31 August 2014	28,923
Net book values
At 31 August 2014	49,391
At 31 August 2013	39,443