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REGISTERED NUMBER: SC200074 (Scotland)















Financial Statements For The Year Ended 30 September 2024

for

Scottish Renewables Forum Limited

Scottish Renewables Forum Limited (Registered number: SC200074)






Contents of the Financial Statements
For The Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Scottish Renewables Forum Limited

Company Information
For The Year Ended 30 September 2024







DIRECTORS: S E Lind
A R Morrison (Chair)
K J Turner
M C Lavelle
C D Milne
J A Maxton
F S Becks-Phelps
I W Sinclair
L L Southworth
P Lennon
N G Douglas


REGISTERED OFFICE: Third Floor
24 Saint Vincent Place
Glasgow
G1 2EU


REGISTERED NUMBER: SC200074 (Scotland)


INDEPENDENT AUDITORS: Chiene + Tait LLP trading as CT
61 Dublin Street
Edinburgh
EH3 6NL


BANKERS: Bank of Scotland
The Mound
Edinburgh
EH2 4HR


SOLICITORS: Harper MacLeod LLP
The Ca'd'oro
45 Gordon Street
Glasgow
G1 3PE

Scottish Renewables Forum Limited (Registered number: SC200074)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 238,786 264,070
238,786 264,070

CURRENT ASSETS
Debtors 6 303,982 381,410
Cash at bank and in hand 2,003,570 995,896
2,307,552 1,377,306
CREDITORS
Amounts falling due within one year 7 1,494,444 794,727
NET CURRENT ASSETS 813,108 582,579
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,051,894

846,649

PROVISIONS FOR LIABILITIES 9 59,854 51,237
NET ASSETS 992,040 795,412

RESERVES
Income and expenditure account 992,040 795,412
992,040 795,412

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





A R Morrison (Chair) - Director


Scottish Renewables Forum Limited (Registered number: SC200074)

Notes to the Financial Statements
For The Year Ended 30 September 2024

1. STATUTORY INFORMATION

Scottish Renewables Forum Limited is a private company, limited by guarantee, registered in Scotland. The company's registered number is SC200074 and registered address is Third Floor, 24 Saint Vincent Place, Glasgow, G1 2EU.

The presentation currency of the financial statements is the Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover recognition
Turnover represents net invoiced sales of services, excluding value added tax. Membership subscriptions coincide with the company's accounting year. Invoices and receipts relating to future membership periods and events are deferred until the accounting period in which they occur.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademark costs are being amortised evenly over their estimated useful life of three years.

Website costs are being amortised evenly over the estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 10 years
Fixtures and fittings - 33.33% on cost and 25% on reducing balance

Financial instruments
The company holds basic financial instruments which are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 year 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.

Scottish Renewables Forum Limited (Registered number: SC200074)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. When opted by the employee, pension contributions are paid to their personal pension arrangements. Contributions payable under both schemes are charged to the Statement of Comprehensive Income in the period to which they relate.

Deferred income
Where income is received in advance for events, projects, sponsorship or membership fees in respect of a future accounting period or periods, the income is deferred and shown within creditors.

Events expenditure
When costs are incurred for events in respect of a future accounting period or periods, the expenditure is prepaid to the time of the event and shown within debtors..

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Trademark Website Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 4,930 47,045 51,975
AMORTISATION
At 1 October 2023
and 30 September 2024 4,930 47,045 51,975
NET BOOK VALUE
At 30 September 2024 - - -
At 30 September 2023 - - -

Scottish Renewables Forum Limited (Registered number: SC200074)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Office and
property Equipment fittings Totals
£    £    £    £   
COST
At 1 October 2023 158,236 49,848 117,437 325,521
Additions - 24,396 8,022 32,418
At 30 September 2024 158,236 74,244 125,459 357,939
DEPRECIATION
At 1 October 2023 9,230 32,744 19,477 61,451
Charge for year 15,824 17,330 24,548 57,702
At 30 September 2024 25,054 50,074 44,025 119,153
NET BOOK VALUE
At 30 September 2024 133,182 24,170 81,434 238,786
At 30 September 2023 149,006 17,104 97,960 264,070

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 105,324 258,150
Other debtors - 11,788
Prepayments and accrued income 198,658 111,472
303,982 381,410

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 94,878 78,005
Tax 74,256 1,591
Social security and other taxes 31,463 25,589
VAT 122,304 32,561
Other creditors 336,998 17,546
Deferred income 510,774 211,989
Accrued expenses 323,771 427,446
1,494,444 794,727

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 134,442 99,312
Between one and five years 44,814 155,445
179,256 254,757

Scottish Renewables Forum Limited (Registered number: SC200074)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 38,774 42,805
Provision for dilapidations 21,080 8,432
59,854 51,237

Deferred
tax
£   
Balance at 1 October 2023 42,805
Accelerated capital allowances (4,031 )
Balance at 30 September 2024 38,774

Provision for dilapidations relate to the estimated cost of returning the leasehold property to its original state at the end of the lease in accordance with the lease terms.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Barry Truswell (Senior Statutory Auditor)
for and on behalf of Chiene + Tait LLP trading as CT

11. POST BALANCE SHEET EVENTS

After the period to 30 September 2024 but prior to the signing of these accounts, the company entered into an additional premises lease. Under this lease, the minimum lease payments due to be paid by the company within one year are £54,595 and between one and five years are £31,197.

12. SHARE CAPITAL

The company is limited by guarantee and has no share capital.