REGISTERED NUMBER: SC350926 (Scotland)

Financial Statements for the Year Ended 31 May 2025

for

Caithness Chamber of Commerce

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Sutherland

Ms T Morris

A S Mackay

Ms J M Simpson

Mrs L M Sinclair

Dr K Nicholson

Ms D Miller

I A Neale

D A Macdonald

Mrs H M Lamont

D R Wilson

REGISTERED OFFICE:

Naver Business Centre

Naver House

Naver Road

Thurso

Caithness

KW14 7QA

REGISTERED NUMBER:

SC350926 (Scotland)

ACCOUNTANTS:

Reid & Fraser

Chartered Accountants

15 Princes Street

Thurso

Caithness

KW14 7BQ

FIXED ASSETS

Tangible assets

4

3,007

1,769

CURRENT ASSETS

Debtors

5

59,736

74,730

Cash at bank and in hand

513,965

427,137

573,701

501,867

CREDITORS

Amounts falling due within one year

6

(258,186

)

(221,659

)

NET CURRENT ASSETS

315,515

280,208

TOTAL ASSETS LESS CURRENT LIABILITIES

318,522

281,977

CREDITORS

Amounts falling due after more than one year

7

(13,417

)

(10,333

)

NET ASSETS

305,105

271,644

RESERVES

Income and expenditure account

305,105

271,644

305,105

271,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2025 and were signed on its behalf by:

Ms T Morris - Director

1.	STATUTORY INFORMATION

Caithness Chamber of Commerce is a private company, limited by guarantee , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 comprises members' subscriptions and amounts derived from the provision of services to members, excluding value added tax.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% reducing balance and 15% reducing balance

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.

GOVERNMENT GRANTS

Government grants in respect of capital expenditure are credited to a deferred income account and released to the profit and loss account over the useful lives of the relevant assets.

Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

DEFERRED INCOME

Membership subscription income is deferred to the extent that it relates to future years.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

5,586

Additions

2,010

At 31 May 2025

7,596

DEPRECIATION

At 1 June 2024

3,817

Charge for year

772

At 31 May 2025

4,589

NET BOOK VALUE

At 31 May 2025

3,007

At 31 May 2024

1,769

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

35,863

24,153

Other debtors

23,873

50,577

59,736

74,730

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

14,855

16,347

Corporation Tax

2,673

14

VAT

3,431

6,937

Other creditors

3,311

3,688

Deferred income

37,991

43,802

Deferred government grants

195,925

150,871

258,186

221,659

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Accruals and deferred income

13,417

10,333

8.	RELATED PARTY DISCLOSURES

Controlling Parties:

The company is not controlled by any single party, as the company is limited by guarantee.