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REGISTERED NUMBER: 09127174 (England and Wales)















Financial Statements for the Period 1 January 2021 to 31 May 2022

for

Rising Edge Ltd

Rising Edge Ltd (Registered number: 09127174)






Contents of the Financial Statements
for the Period 1 January 2021 to 31 May 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rising Edge Ltd

Company Information
for the Period 1 January 2021 to 31 May 2022







DIRECTORS: P Gouraud
Ms I Alvarez Del Rio
Y A Brightman
N D H Moore





REGISTERED OFFICE: 4-8 The Centre
Lakes Industrial Park
Lower Chapel Hill
Braintree
Essex
CM7 3RU





REGISTERED NUMBER: 09127174 (England and Wales)





ACCOUNTANTS: Passmore Weeks & Richardson
4 - 8 The Centre
Lakes Industrial Park
Braintree
Essex
CM7 3RU

Rising Edge Ltd (Registered number: 09127174)

Balance Sheet
31 May 2022

31.5.22 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,000 -
Tangible assets 5 10,417 -
26,417 -

CURRENT ASSETS
Debtors 6 1,156,247 -
Cash at bank 368,661 591
1,524,908 591
CREDITORS
Amounts falling due within one year 7 1,203,679 47,219
NET CURRENT ASSETS/(LIABILITIES) 321,229 (46,628 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

347,646

(46,628

)

CREDITORS
Amounts falling due after more than one
year

8

-

259,760
NET ASSETS/(LIABILITIES) 347,646 (306,388 )

CAPITAL AND RESERVES
Called up share capital 23,250 1
Retained earnings 324,396 (306,389 )
347,646 (306,388 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2022 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 profit or loss 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.

Rising Edge Ltd (Registered number: 09127174)

Balance Sheet - continued
31 May 2022


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 18 August 2022 and were signed on its behalf by:





P Gouraud - Director


Rising Edge Ltd (Registered number: 09127174)

Notes to the Financial Statements
for the Period 1 January 2021 to 31 May 2022

1. STATUTORY INFORMATION

Rising Edge Ltd is a private company, limited by shares , 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 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 etc - 33% on cost

Taxation
Taxation for the period 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 period 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 profit or loss 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.

Rising Edge Ltd (Registered number: 09127174)

Notes to the Financial Statements - continued
for the Period 1 January 2021 to 31 May 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2020 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 24,000
At 31 May 2022 24,000
AMORTISATION
Charge for period 8,000
At 31 May 2022 8,000
NET BOOK VALUE
At 31 May 2022 16,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 2,900
Additions 15,625
At 31 May 2022 18,525
DEPRECIATION
At 1 January 2021 2,900
Charge for period 5,208
At 31 May 2022 8,108
NET BOOK VALUE
At 31 May 2022 10,417

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 31.12.20
£    £   
Trade debtors 1,113,083 -
Other debtors 43,164 -
1,156,247 -

Rising Edge Ltd (Registered number: 09127174)

Notes to the Financial Statements - continued
for the Period 1 January 2021 to 31 May 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 31.12.20
£    £   
Bank loans and overdrafts 472,460 -
Payments on account 45,000 -
Trade creditors 105,839 288
Taxation and social security 81,899 -
Other creditors 498,481 46,931
1,203,679 47,219

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.22 31.12.20
£    £   
Other creditors - 259,760