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REGISTERED NUMBER: 07968009 (England and Wales)















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: R J Walter
T Douma
F Pluemacher
Dr D E Mausbeck
K Warrick
M Favarato
M Debusmann
L Rieth
H Duan
G H Van Der Mark
J Vajda





REGISTERED OFFICE: Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH





REGISTERED NUMBER: 07968009 (England and Wales)





AUDITORS: Nordens Audit Limited
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 1,208 1,122

CURRENT ASSETS
Debtors 569,625 596,314
Cash at bank 549,689 480,220
1,119,314 1,076,534
CREDITORS
Amounts falling due within one year 645,477 766,135
NET CURRENT ASSETS 473,837 310,399
TOTAL ASSETS LESS CURRENT
LIABILITIES

475,045

311,521

RESERVES
Income and expenditure account 475,045 311,521
475,045 311,521

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:





F Pluemacher - Director


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 private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings - 25% on cost

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 4 (2023 - 3 ) .

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 3,105
Additions 1,052
At 31 December 2024 4,157
DEPRECIATION
At 1 January 2024 1,983
Charge for year 966
At 31 December 2024 2,949
NET BOOK VALUE
At 31 December 2024 1,208
At 31 December 2023 1,122

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

The Report of the Auditors was unqualified.

Lorraine Curtis ACA BFP FCCA (Senior Statutory Auditor)
for and on behalf of Nordens Audit Limited

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.