REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 23 AUGUST 2023 TO 31 JULY 2024 |
FOR |
SCOTTISH CAMPAIGN FOR NUCLEAR |
DISARMAMENT LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 23 AUGUST 2023 TO 31 JULY 2024 |
FOR |
SCOTTISH CAMPAIGN FOR NUCLEAR |
DISARMAMENT LIMITED |
SCOTTISH CAMPAIGN FOR NUCLEAR |
DISARMAMENT LIMITED (REGISTERED NUMBER: SC780137) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 23 AUGUST 2023 TO 31 JULY 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
SCOTTISH CAMPAIGN FOR NUCLEAR |
DISARMAMENT LIMITED |
COMPANY INFORMATION |
for the period 23 AUGUST 2023 TO 31 JULY 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Atlantic House |
1a Cadogan Street |
Glasgow |
G2 6QE |
SCOTTISH CAMPAIGN FOR NUCLEAR |
DISARMAMENT LIMITED (REGISTERED NUMBER: SC780137) |
STATEMENT OF FINANCIAL POSITION |
31 JULY 2024 |
Notes | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
SCOTTISH CAMPAIGN FOR NUCLEAR |
DISARMAMENT LIMITED (REGISTERED NUMBER: SC780137) |
NOTES TO THE FINANCIAL STATEMENTS |
for the period 23 AUGUST 2023 TO 31 JULY 2024 |
1. | STATUTORY INFORMATION |
Scottish Campaign for Nuclear Disarmament Limited is a private company limited by guarantee without share capital, registered in Scotland, registration number SC780137. The registered office is 58 Ratcliffe Terrace, Edinburgh, EH9 1ST. |
The principal activity of the company is campaigning for: |
(a) The unilateral abandonment by Britain of nuclear weapons, nuclear bases and nuclear alliances, as a prerequisite for a British foreign policy which has as its main objective the world-wide abolition of nuclear, chemical and biological weapons leading to general and complete disarmament. |
(b) Opposition to the manufacture, stockpiling, testing, use and threatened use of nuclear, chemical and biological weapons by any country, and to policies of any country or group of countries which make nuclear war more likely, or which hinder progress towards a world without weapons of mass destruction. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The presentational and functional currency of the financial statements is Pounds Sterling (£). |
Significant judgements and estimates |
In preparing these financial statements, the directors are required to make judgements, estimates and assumptions that affect the application of the Company’s accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively. |
There are no significant judgements or estimates used in the preparation of these accounts. |
Income |
Income is recognised when the organisation has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably. |
Income from memberships, donations, appeals & fundraising are recognised on receipt. |
In the event that a donation is subject to conditions that require a level of performance before the organisation is entitled to the funds, the income is deferred and not recognised until those conditions are fully met. |
Grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to revenue are credited when the expenditure is charged to profit and loss (the accruals method). |
Sales of goods are recognised when the significant risks and rewards of ownership have been transferred to the customer, recovery of the consideration is probable, the associated costs and possible return of goods can be estimated reliably, there is no continuing management involvement with the goods, and the amount of revenue can be measured reliably. |
Tangible fixed assets |
Plant and machinery etc | - |
SCOTTISH CAMPAIGN FOR NUCLEAR |
DISARMAMENT LIMITED (REGISTERED NUMBER: SC780137) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 23 AUGUST 2023 TO 31 JULY 2024 |
2. | ACCOUNTING POLICIES - continued |
Stocks |
Stock is valued at the lower of cost and net realisable value and consists of shop stocks of publications, stationery, cards, emblems and other sundry items for re-sale. |
Financial instruments |
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments. |
Debtors |
Short term debtors are measured at transaction price, less any impairment. |
Cash and cash equivalents |
Cash and cash equivalents comprise cash balances. |
Creditors |
Short term trade creditors are measured at the transaction price. |
Provisions |
Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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. |
Value added tax |
Value Added Tax is not recoverable by the organisation and as such is included in the relevant costs in the Income and Expenditure Account. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
SCOTTISH CAMPAIGN FOR NUCLEAR |
DISARMAMENT LIMITED (REGISTERED NUMBER: SC780137) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 23 AUGUST 2023 TO 31 JULY 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
Additions |
At 31 July 2024 |
DEPRECIATION |
Charge for period |
At 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Taxation and social security |
Other creditors |