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Company No: 10483082 (England and Wales)

EDWARD RISING LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

EDWARD RISING LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

EDWARD RISING LIMITED

COMPANY INFORMATION

For the financial year ended 30 November 2023
EDWARD RISING LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2023
DIRECTOR Mr E M Rising
REGISTERED OFFICE Heathfield
87 Hadley Road
Barnet
EN5 5QU
United Kingdom
COMPANY NUMBER 10483082 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
EDWARD RISING LIMITED

BALANCE SHEET

As at 30 November 2023
EDWARD RISING LIMITED

BALANCE SHEET (continued)

As at 30 November 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 829 1,121
829 1,121
Current assets
Debtors 4 12,110 6,941
Cash at bank and in hand 24,754 34,061
36,864 41,002
Creditors: amounts falling due within one year 5 ( 15,198) ( 13,218)
Net current assets 21,666 27,784
Total assets less current liabilities 22,495 28,905
Net assets 22,495 28,905
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 22,395 28,805
Total shareholders' funds 22,495 28,905

For the financial year ending 30 November 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Edward Rising Limited (registered number: 10483082) were approved and authorised for issue by the Director on 04 April 2024. They were signed on its behalf by:

Mr E M Rising
Director
EDWARD RISING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
EDWARD RISING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Edward Rising Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Heathfield, 87 Hadley Road, Barnet, EN5 5QU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.

The company recognises revenue when the value of services provided to date can be reliably measured.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 December 2022 1,170 1,170
At 30 November 2023 1,170 1,170
Accumulated depreciation
At 01 December 2022 49 49
Charge for the financial year 292 292
At 30 November 2023 341 341
Net book value
At 30 November 2023 829 829
At 30 November 2022 1,121 1,121

4. Debtors

2023 2022
£ £
Trade debtors 12,050 6,883
Other debtors 60 58
12,110 6,941

5. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 4,835 4,066
Other creditors 10,363 9,152
15,198 13,218

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100