REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 May 2024 |
for |
Caithness Chamber of Commerce |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 May 2024 |
for |
Caithness Chamber of Commerce |
Caithness Chamber of Commerce (Registered number: SC350926) |
Contents of the Financial Statements |
for the Year Ended 31 May 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Caithness Chamber of Commerce |
Company Information |
for the Year Ended 31 May 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
15 Princes Street |
Thurso |
Caithness |
KW14 7BQ |
Caithness Chamber of Commerce (Registered number: SC350926) |
Balance Sheet |
31 May 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
NET ASSETS |
RESERVES |
Income and expenditure account |
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 surplus or deficit 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. |
Caithness Chamber of Commerce (Registered number: SC350926) |
Balance Sheet - continued |
31 May 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Caithness Chamber of Commerce (Registered number: SC350926) |
Notes to the Financial Statements |
for the Year Ended 31 May 2024 |
1. | STATUTORY INFORMATION |
Caithness Chamber of Commerce is a |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
TURNOVER |
Turnover comprises members' subscriptions and amounts derived from the provision of services to members, excluding value added tax. |
TANGIBLE FIXED ASSETS |
Plant and machinery etc | - |
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 profit or loss in the period to which they relate. |
GOVERNMENT GRANTS |
Government grants in respect of capital expenditure are credited to a deferred income account and released to the profit and loss account over the useful lives of the relevant assets. |
Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate. |
DEFERRED INCOME |
Membership subscription income is deferred to the extent that it relates to future years. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Caithness Chamber of Commerce (Registered number: SC350926) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 June 2023 |
Additions |
Disposals | ( |
) |
At 31 May 2024 |
DEPRECIATION |
At 1 June 2023 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 May 2024 |
NET BOOK VALUE |
At 31 May 2024 |
At 31 May 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Corporation Tax |
VAT | 6,937 | 4,018 |
Other creditors |
Deferred income |
Deferred government grants |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Accruals and deferred income |
Caithness Chamber of Commerce (Registered number: SC350926) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2024 |
8. | RELATED PARTY DISCLOSURES |
Controlling Parties: |
The company is not controlled by any single party, as the company is limited by guarantee. |