Northern Producers' Organisation Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC149907 (Scotland)

NORTHERN PRODUCERS' ORGANISATION LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTORS:

D McRobbie

J Reid

L Rivero

B Tait

SECRETARY:

G Masson

REGISTERED OFFICE:

3 Frithside Street

FRASERBURGH

AB43 9AR

REGISTERED NUMBER:

SC149907 (Scotland)

ACCOUNTANTS:

Johnston Carmichael LLP

16 Carden Place

Aberdeen

AB10 1FX

CURRENT ASSETS

Debtors

279,335

215,411

Cash at bank and in hand

37,028

50,082

316,363

265,493

CREDITORS

Amounts falling due within one year

227,584

149,094

NET CURRENT ASSETS

88,779

116,399

TOTAL ASSETS LESS CURRENT LIABILITIES

88,779

116,399

RESERVES

Profit and loss account

88,779

116,399

88,779

116,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 30 September 2014 and were signed on its behalf by:

L Rivero - 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 income received from members levies and leasing of quota.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

33% on cost

Deferred tax

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

the balance sheet date.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual

arrangement, as either financial assets, financial liabilities or equity instruments. An equity

instrument is any contract that evidences a residual interest in the assets of the company after

deducting all liabilities.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

16,951

DEPRECIATION

At 1 January 2013

and 31 December 2013

16,951

NET BOOK VALUE

At 31 December 2013

-

At 31 December 2012

-

3.	COMPANY LIMITED BY GUARANTEE

The company is a producers organisation and is limited by guarantee.

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages two to four) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Northern Producers' Organisation Limited for the year ended

31 December 2013 which comprise the Profit and Loss Account, the Balance Sheet, and the related notes

from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its

ethical and other professional requirements which are detailed at

http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the Board of Directors of Northern Producers' Organisation Limited, as a body,

in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your

approval the financial statements of Northern Producers' Organisation Limited and state those matters that

we have agreed to state to the Board of Directors of Northern Producers' Organisation Limited, as a body, in

this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as

detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we

do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a

body, for our work or for this report.

It is your duty to ensure that Northern Producers' Organisation Limited has kept adequate accounting

records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities,

financial position and loss of Northern Producers' Organisation Limited. You consider that Northern

Producers' Organisation Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Northern

Producers' Organisation Limited. For this reason, we have not verified the accuracy or completeness of the

accounting records or information and explanations you have given to us and we do not, therefore, express

any opinion on the statutory financial statements.

Johnston Carmichael LLP

16 Carden Place

Aberdeen

AB10 1FX

30 September 2014