Responsible Sourcing Scheme Limited 14141862 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is link between the consumer and companies selling compost to show how responsibly sourced it is Digita Accounts Production Advanced 6.30.9574.0 true 14141862 2024-01-01 2024-12-31 14141862 2024-12-31 14141862 core:RetainedEarningsAccumulatedLosses 2024-12-31 14141862 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-12-31 14141862 core:CurrentFinancialInstruments 2024-12-31 14141862 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 14141862 bus:SmallEntities 2024-01-01 2024-12-31 14141862 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 14141862 bus:FilletedAccounts 2024-01-01 2024-12-31 14141862 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14141862 bus:RegisteredOffice 2024-01-01 2024-12-31 14141862 bus:Director1 2024-01-01 2024-12-31 14141862 bus:Director2 2024-01-01 2024-12-31 14141862 bus:Director3 2024-01-01 2024-12-31 14141862 bus:Director4 2024-01-01 2024-12-31 14141862 bus:Director5 2024-01-01 2024-12-31 14141862 bus:Director6 2024-01-01 2024-12-31 14141862 bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 14141862 countries:EnglandWales 2024-01-01 2024-12-31 14141862 2023-01-01 2023-12-31 14141862 2023-12-31 14141862 core:RetainedEarningsAccumulatedLosses 2023-12-31 14141862 core:CurrentFinancialInstruments 2023-12-31 14141862 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 14141862

Responsible Sourcing Scheme Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Responsible Sourcing Scheme Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Responsible Sourcing Scheme Limited

Company Information

Directors

S D Carter

N C Bragg

M D Burks

A Hawkins

S D Harper

B R C Malin

Registered office

BGA House
Nottingham Road
Louth
Lincolnshire
LN11 0WB

 

Responsible Sourcing Scheme Limited

(Registration number: 14141862)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Other financial assets

4

1

1

Current assets

 

Debtors

5

5,549

1,306

Cash at bank and in hand

 

11,171

9,469

 

16,720

10,775

Creditors: Amounts falling due within one year

6

(3,966)

(4,994)

Net current assets

 

12,754

5,781

Net assets

 

12,755

5,782

Reserves

 

Retained earnings

12,755

5,782

Surplus

 

12,755

5,782

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 March 2025 and signed on its behalf by:
 

.........................................
S D Harper
Director

 

Responsible Sourcing Scheme Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by guarantee incorporated in England and Wales and the company registration number is 14141862.

These financial statements cover the individual entity, Responsible Sourcing Scheme Limited.

The address of its registered office is:
BGA House
Nottingham Road
Louth
Lincolnshire
LN11 0WB

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 including Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Responsible Sourcing Scheme Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

3

Staff numbers

The average number of persons employed by the Company during the year, was 0 (2023 - 0).

4

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 January 2024

1

1

At 31 December 2024

1

1

Carrying amount

At 31 December 2024

1

1

5

Debtors

Current

2024
£

2023
£

Trade debtors

4,200

750

Prepayments and accrued income

14

18

Other debtors

1,335

538

 

5,549

1,306

 

Responsible Sourcing Scheme Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

2,848

3,424

Taxation and social security

3

-

Accruals and deferred income

1,115

1,570

3,966

4,994