| REGISTERED NUMBER: |
| Financial Statements For The Year Ended 30 September 2024 |
| for |
| Scottish Renewables Forum Limited |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| INDEPENDENT AUDITORS: |
| 61 Dublin Street |
| Edinburgh |
| EH3 6NL |
| BANKERS: |
| The Mound |
| Edinburgh |
| EH2 4HR |
| SOLICITORS: |
| 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 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 9 |
| NET ASSETS |
| RESERVES |
| Income and expenditure account |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| 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 |
| 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 |
| Improvements to property | - |
| Fixtures and fittings | - |
| 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 |
| 4. | INTANGIBLE FIXED ASSETS |
| Trademark | Website | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2023 |
| and 30 September 2024 |
| AMORTISATION |
| At 1 October 2023 |
| and 30 September 2024 |
| 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 |
| Additions |
| At 30 September 2024 |
| DEPRECIATION |
| At 1 October 2023 |
| Charge for year |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 122,304 | 32,561 |
| Other creditors |
| Deferred income | 510,774 | 211,989 |
| Accrued expenses |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2024 | 2023 |
| £ | £ |
| Within one year |
| Between one and five years |
| 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 |
| Deferred |
| tax |
| £ |
| Balance at 1 October 2023 |
| Accelerated capital allowances | (4,031 | ) |
| Balance at 30 September 2024 |
| 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. |
| for and on behalf of |
| 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. |