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REGISTERED NUMBER: 04479426 (England and Wales)















RISE RECRUITMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






RISE RECRUITMENT LIMITED (REGISTERED NUMBER: 04479426)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RISE RECRUITMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: S M Brewerton





SECRETARY: P Brewerton





REGISTERED OFFICE: 12a Chequer Street
St Albans
Hertfordshire
AL1 3XZ





REGISTERED NUMBER: 04479426 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

RISE RECRUITMENT LIMITED (REGISTERED NUMBER: 04479426)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,487 1,886

CURRENT ASSETS
Debtors 5 31,777 113,952
Cash at bank 62,070 31,729
93,847 145,681
CREDITORS
Amounts falling due within one year 6 53,070 168,866
NET CURRENT ASSETS/(LIABILITIES) 40,777 (23,185 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,264

(21,299

)

CREDITORS
Amounts falling due after more than one
year

7

(23,684

)

(33,866

)

PROVISIONS FOR LIABILITIES (622 ) (391 )
NET ASSETS/(LIABILITIES) 18,958 (55,556 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 18,858 (55,656 )
SHAREHOLDERS' FUNDS 18,958 (55,556 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RISE RECRUITMENT LIMITED (REGISTERED NUMBER: 04479426)

BALANCE SHEET - continued
31 JULY 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 April 2024 and were signed by:





S M Brewerton - Director


RISE RECRUITMENT LIMITED (REGISTERED NUMBER: 04479426)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Rise Recruitment Limited 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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.

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.

RISE RECRUITMENT LIMITED (REGISTERED NUMBER: 04479426)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022 5,607 25,281 30,888
Additions 487 840 1,327
At 31 July 2023 6,094 26,121 32,215
DEPRECIATION
At 1 August 2022 4,230 24,772 29,002
Charge for year 280 446 726
At 31 July 2023 4,510 25,218 29,728
NET BOOK VALUE
At 31 July 2023 1,584 903 2,487
At 31 July 2022 1,377 509 1,886

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 33,574 106,063
Provision for doubtful debt (7,683 ) -
Other debtors 4,636 4,636
Prepayments and accrued income 1,250 3,253
31,777 113,952

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 10,092 9,879
Trade creditors 13,154 12,010
Corporation tax 5,248 -
Social security and other taxes 7,885 96,229
VAT 9,509 32,130
Directors' current accounts 1,724 14,665
Accrued expenses 5,458 3,953
53,070 168,866

RISE RECRUITMENT LIMITED (REGISTERED NUMBER: 04479426)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans - 1-2 years 12,097 10,129
Bank loans - 2-5 years 11,587 23,737
23,684 33,866

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100