REGISTERED NUMBER: SC350926 (Scotland)

Financial Statements for the Year Ended 31 May 2026

for

North Highland 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

M G D Morrison

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

5,652

3,007

CURRENT ASSETS

Debtors

5

131,294

59,736

Cash at bank and in hand

439,541

513,965

570,835

573,701

CREDITORS

Amounts falling due within one year

6

(255,543

)

(258,186

)

NET CURRENT ASSETS

315,292

315,515

TOTAL ASSETS LESS CURRENT LIABILITIES

320,944

318,522

CREDITORS

Amounts falling due after more than one year

7

(6,917

)

(13,417

)

NET ASSETS

314,027

305,105

RESERVES

Income and expenditure account

314,027

305,105

314,027

305,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 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 2026 and were signed on its behalf by:

Ms T Morris - Director

1.	STATUTORY INFORMATION

North 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 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 16 (2025 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2025

7,596

Additions

4,283

At 31 May 2026

11,879

DEPRECIATION

At 1 June 2025

4,589

Charge for year

1,638

At 31 May 2026

6,227

NET BOOK VALUE

At 31 May 2026

5,652

At 31 May 2025

3,007

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

54,870

35,863

Other debtors

76,424

23,873

131,294

59,736

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

19,171

14,855

Corporation Tax

14

2,673

VAT

-

3,431

Other creditors

3,245

3,311

Deferred income

38,006

37,991

Deferred government grants

195,107

195,925

255,543

258,186

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Accruals and deferred income

6,917

13,417

8.	RELATED PARTY DISCLOSURES

Controlling Parties:

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