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REGISTERED NUMBER: 08635737 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 AUGUST 2023

FOR

EASYRISE LIMITED

EASYRISE LIMITED (REGISTERED NUMBER: 08635737)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 AUGUST 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EASYRISE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 AUGUST 2023







DIRECTORS: P Baker
P N Harvey
A Baker





REGISTERED OFFICE: Fairview
Park Avenue
Madeley
Telford
Shropshire
TF7 5AB





REGISTERED NUMBER: 08635737 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

EASYRISE LIMITED (REGISTERED NUMBER: 08635737)

STATEMENT OF FINANCIAL POSITION
29 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 45,509 59,380
45,509 59,380

CURRENT ASSETS
Stocks 180,753 164,100
Debtors 6 359,784 347,717
Cash at bank and in hand 102,097 150,382
642,634 662,199
CREDITORS
Amounts falling due within one year 7 326,660 329,288
NET CURRENT ASSETS 315,974 332,911
TOTAL ASSETS LESS CURRENT
LIABILITIES

361,483

392,291

CREDITORS
Amounts falling due after more than one
year

8

(20,977

)

(38,088

)

PROVISIONS FOR LIABILITIES (9,125 ) (10,053 )
NET ASSETS 331,381 344,150

CAPITAL AND RESERVES
Called up and paid share capital 3 3
Retained earnings 331,378 344,147
SHAREHOLDERS' FUNDS 331,381 344,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 August 2023 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.

EASYRISE LIMITED (REGISTERED NUMBER: 08635737)

STATEMENT OF FINANCIAL POSITION - continued
29 AUGUST 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





P Baker - Director


EASYRISE LIMITED (REGISTERED NUMBER: 08635737)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 AUGUST 2023


1. STATUTORY INFORMATION

Easyrise 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

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.

Patents and licences are being amortised evenly over their estimated useful life of two years.

Patents and licences
Patent and licence assets are trade patents. They are amortised to the profit and loss account over its estimated economic useful life of two 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.


EASYRISE LIMITED (REGISTERED NUMBER: 08635737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 AUGUST 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

EASYRISE LIMITED (REGISTERED NUMBER: 08635737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 AUGUST 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 30 August 2022
and 29 August 2023 20,982
AMORTISATION
At 30 August 2022
and 29 August 2023 20,982
NET BOOK VALUE
At 29 August 2023 -
At 29 August 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 August 2022 139,796
Additions 1,121
At 29 August 2023 140,917
DEPRECIATION
At 30 August 2022 80,416
Charge for year 14,992
At 29 August 2023 95,408
NET BOOK VALUE
At 29 August 2023 45,509
At 29 August 2022 59,380

EASYRISE LIMITED (REGISTERED NUMBER: 08635737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 AUGUST 2023


6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 118,613 104,733
Amounts owed by associates 105,385 92,316
Other debtors 25,985 43,663
249,983 240,712

Amounts falling due after more than one year:
Other debtors 109,801 107,005

Aggregate amounts 359,784 347,717

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 5,960 8,439
Trade creditors 34,926 42,445
Amounts owed to associates 208,697 209,986
Taxation and social security 6,787 3,976
Other creditors 60,290 54,442
326,660 329,288

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 17,500 27,500
Hire purchase contracts 3,477 10,588
20,977 38,088

9. SECURED DEBTS

The loan is secured by way of a charge over the investment property held by the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, a director operated a loan with the company with no fixed terms of repayment or interest. Amounts advanced during the year were £109,801 (2022 - £107,005) and repayments during the year were £107,005 (2022 - £116,891). At the year end, the amount owing to the company was £109,801 (2022 - £107,005).