REGISTERED NUMBER: SC469407 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

WEST HIGHLAND CHAMBER OF COMMERCE

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B L N Berardelli

S J Ham

S H Donald

F J Watson

S J Riddle

L Graham

A J Smith

D A Campbell

J A Jarvis-Jones

J E Navarro

C Morrison

REGISTERED OFFICE:

Waterfront Lodge

Carmichael Way

Marine Walk

Fort William

Inverness-Shire

PH33 6FF

REGISTERED NUMBER:

SC469407 (Scotland)

ACCOUNTANTS:

R A Clement Associates

5 Argyll Square

OBAN

Argyll

PA34 4AZ

FIXED ASSETS

Intangible assets

4

16,608

-

Tangible assets

5

9,166

11,989

25,774

11,989

CURRENT ASSETS

Debtors

6

51,812

22,631

Prepayments and accrued income

11,973

43,553

Cash at bank

83,958

138,579

147,743

204,763

CREDITORS

Amounts falling due within one year

7

95,449

106,159

NET CURRENT ASSETS

52,294

98,604

TOTAL ASSETS LESS CURRENT LIABILITIES

78,068

110,593

RESERVES

Income and expenditure account

78,068

110,593

78,068

110,593

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 12 December 2025 and were signed on its behalf by:

S J Riddle - Director

1.	STATUTORY INFORMATION

West Highland 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

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

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred 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 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 13 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 April 2024

20,305

Additions

20,760

At 31 March 2025

41,065

AMORTISATION

At 1 April 2024

20,305

Amortisation for year

4,152

At 31 March 2025

24,457

NET BOOK VALUE

At 31 March 2025

16,608

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

12,265

4,919

22,388

39,572

Additions

-

535

2,280

2,815

At 31 March 2025

12,265

5,454

24,668

42,387

DEPRECIATION

At 1 April 2024

5,600

2,973

19,010

27,583

Charge for year

2,453

556

2,629

5,638

At 31 March 2025

8,053

3,529

21,639

33,221

NET BOOK VALUE

At 31 March 2025

4,212

1,925

3,029

9,166

At 31 March 2024

6,665

1,946

3,378

11,989

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

51,812

22,631

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

3,325

3,354

Trade creditors

19,091

7,254

Taxation and social security

3,244

10,531

Other creditors

69,789

85,020

95,449

106,159

8.	COMPANY LIMITED BY GUARANTEE

Lochaber Chamber of Commerce is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required, not exceeding £1, to the assets of the company in the event of its being would up while he or she is a member, or within one year after he or she ceases to be a member.