REGISTERED NUMBER: 01026468 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Hertfordshire Chamber of Commerce

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Bishop

Ms J L Button

R D Hill

P Jackson

Ms C D Massay

C Spiller

Professor D R Ward

Ms D B Schultz

J Thomas

Ms B Verma

Ms E Wicks

SECRETARY:

Ms C D Massay

REGISTERED OFFICE:

York House

Salisbury Square

Old Hatfield

Hertfordshire

AL9 5AD

REGISTERED NUMBER:

01026468 (England and Wales)

AUDITORS:

Godfrey Laws Audit Limited

65 Knowl Piece

Wilbury Way

Hitchin

Hertfordshire

SG4 0TY

FIXED ASSETS

Tangible assets

4

8,838

17,712

CURRENT ASSETS

Debtors

5

175,932

142,359

Cash at bank and in hand

446,991

570,912

622,923

713,271

CREDITORS

Amounts falling due within one year

6

495,685

461,259

NET CURRENT ASSETS

127,238

252,012

TOTAL ASSETS LESS CURRENT LIABILITIES

136,076

269,724

RESERVES

Income and expenditure account

136,076

269,724

136,076

269,724

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 27 November 2025 and were signed on its behalf by:

P Jackson - Director

1.	STATUTORY INFORMATION

Hertfordshire Chamber of Commerce 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.

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 arises from the sales of membership subscriptions, membership events and publications, also from the sale of export documentation.

Turnover represents amounts due in the period excluding value added tax in respect of the sale of services under the company's principal activities.

Income is generated from client based activities with the majority of income relating to chamber memberships and chamber events. This is recognised in the statement of comprehensive income over the period to which the services are provided by the company. Any balances not released at the period end are held as deferred income on the statement of financial position.

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% 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 15 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

55,583

DEPRECIATION

At 1 April 2024

37,871

Charge for year

8,874

At 31 March 2025

46,745

NET BOOK VALUE

At 31 March 2025

8,838

At 31 March 2024

17,712

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

96,282

88,178

Other debtors

79,650

54,181

175,932

142,359

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

38,965

19,556

Taxation and social security

40,448

23,866

Other creditors

416,272

417,837

495,685

461,259

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

46,850

46,850

Between one and five years

187,400

187,400

In more than five years

61,650

108,500

295,900

342,750

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

The Report of the Auditors was unqualified.

Howard Ashmore (Senior Statutory Auditor)

for and on behalf of Godfrey Laws Audit Limited

9.	LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital. The maximum liability of each member is limited to £5.