IRIS Accounts Production v23.4.0.336 12485697 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh124856972023-02-28124856972024-02-29124856972023-03-012024-02-29124856972022-02-28124856972022-03-012023-02-28124856972023-02-2812485697ns15:EnglandWales2023-03-012024-02-2912485697ns14:PoundSterling2023-03-012024-02-2912485697ns10:Director12023-03-012024-02-2912485697ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2912485697ns10:SmallEntities2023-03-012024-02-2912485697ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2912485697ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2912485697ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2912485697ns10:FullAccounts2023-03-012024-02-2912485697ns10:Director22023-03-012024-02-2912485697ns10:RegisteredOffice2023-03-012024-02-2912485697ns5:CurrentFinancialInstruments2024-02-2912485697ns5:CurrentFinancialInstruments2023-02-2812485697ns5:Non-currentFinancialInstruments2024-02-2912485697ns5:Non-currentFinancialInstruments2023-02-2812485697ns5:ShareCapital2024-02-2912485697ns5:ShareCapital2023-02-2812485697ns5:RetainedEarningsAccumulatedLosses2024-02-2912485697ns5:RetainedEarningsAccumulatedLosses2023-02-2812485697ns5:PlantMachinery2023-03-012024-02-2912485697ns5:PlantMachinery2023-02-2812485697ns5:PlantMachinery2024-02-2912485697ns5:PlantMachinery2023-02-2812485697ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2912485697ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2812485697ns5:DeferredTaxation2023-02-2812485697ns5:DeferredTaxation2024-02-29
REGISTERED NUMBER: 12485697 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Arise Financial Limited

Arise Financial Limited (Registered number: 12485697)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Arise Financial Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mrs E Dent
S Ward





REGISTERED OFFICE: 73 Gilkes Street
Middlesbrough
United Kingdom
TS1 5EH





REGISTERED NUMBER: 12485697 (England and Wales)





ACCOUNTANTS: APC Accountancy
Chartered Accountants
73 Gilkes Street
Middlesbrough
TS1 5EH

Arise Financial Limited (Registered number: 12485697)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,846 1,637

CURRENT ASSETS
Debtors 5 - 5,409
Cash at bank 11,597 8,767
11,597 14,176
CREDITORS
Amounts falling due within one year 6 9,916 12,645
NET CURRENT ASSETS 1,681 1,531
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,527

3,168

CREDITORS
Amounts falling due after more than one
year

7

(1,750

)

(2,750

)

PROVISIONS FOR LIABILITIES 8 (351 ) (311 )
NET ASSETS 1,426 107

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,326 7
1,426 107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Arise Financial Limited (Registered number: 12485697)

Balance Sheet - continued
29 February 2024


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 10 April 2024 and were signed on its behalf by:





Mrs E Dent - Director


Arise Financial Limited (Registered number: 12485697)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Arise Financial 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.

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.
Plant and machinery etc - 25% on cost

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment loss.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual
provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised 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.

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.

Arise Financial Limited (Registered number: 12485697)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 2,182
Additions 859
At 29 February 2024 3,041
DEPRECIATION
At 1 March 2023 545
Charge for year 650
At 29 February 2024 1,195
NET BOOK VALUE
At 29 February 2024 1,846
At 28 February 2023 1,637

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors - 5,409

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 1,000 1,000
Taxation and social security 7,900 10,745
Other creditors 1,016 900
9,916 12,645

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 1,750 2,750

8. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 351 311

Arise Financial Limited (Registered number: 12485697)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2023 311
Movement 40
Balance at 29 February 2024 351

9. RELATED PARTY DISCLOSURES

At 29 February 2024 the company owed the directors £63 (2023: Directors owed the company £5,409).

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs E Dent.