| REGISTERED NUMBER: |
| RESPONSIBLE COMMODITIES SOURCING |
| INITIATIVE LTD |
| Financial Statements |
| For The Year Ended 31 December 2024 |
| REGISTERED NUMBER: |
| RESPONSIBLE COMMODITIES SOURCING |
| INITIATIVE LTD |
| Financial Statements |
| For The Year Ended 31 December 2024 |
| RESPONSIBLE COMMODITIES SOURCING |
| INITIATIVE LTD (REGISTERED NUMBER: 07968009) |
| Contents of the Financial Statements |
| For The Year Ended 31 December 2024 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| RESPONSIBLE COMMODITIES SOURCING |
| INITIATIVE LTD |
| Company Information |
| For The Year Ended 31 December 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| The Retreat |
| 406 Roding Lane South |
| Woodford Green |
| Essex |
| IG8 8EY |
| RESPONSIBLE COMMODITIES SOURCING |
| INITIATIVE LTD (REGISTERED NUMBER: 07968009) |
| Abridged Balance Sheet |
| 31 December 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| RESERVES |
| Income and expenditure account |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| RESPONSIBLE COMMODITIES SOURCING |
| INITIATIVE LTD (REGISTERED NUMBER: 07968009) |
| Notes to the Financial Statements |
| For The Year Ended 31 December 2024 |
| 1. | STATUTORY INFORMATION |
| Responsible Commodities Sourcing Initiative Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable for services rendered, stated net of discounts and value added tax. |
| Turnover from membership fees are recognised over the period in which they relate. |
| Turnover from client assessments are recognised once the assessment has been carried out. |
| Tangible fixed assets |
| Fixtures & fittings | - |
| Taxation |
| Taxation for the year comprises current 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 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 balance sheet date. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| RESPONSIBLE COMMODITIES SOURCING |
| INITIATIVE LTD (REGISTERED NUMBER: 07968009) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31 December 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 January 2024 |
| Additions |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 5. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 6. | LIMITED BY GUARANTEE |
| The company is limited by guarantee, each member having to contribute such amounts not exceeding £1 as may be required in the event of the company being wound up whilst they are still a member or within one year thereafter. |
| The number of member organisations as at 31 December 2024 is 17 (2023:14). All Members contributed membership fees in 2024. |
| The Board is composed of Directors from ten RECOSI Member companies - Enel Global Trading, EnBW, JERA Trading, Onyx Power, RWE Generation SE, Uniper, Vattenfall, BEW Berliner Energië und Warme, ENGIE Global Energy Management, EP Resources AG - and the Executive Director. |