IRIS Accounts Production v24.3.0.553 08607964 director 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh086079642023-07-31086079642024-07-31086079642023-08-012024-07-31086079642022-07-31086079642022-08-012023-07-31086079642023-07-3108607964ns15:EnglandWales2023-08-012024-07-3108607964ns14:PoundSterling2023-08-012024-07-3108607964ns10:Director12023-08-012024-07-3108607964ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3108607964ns10:SmallEntities2023-08-012024-07-3108607964ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3108607964ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3108607964ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3108607964ns10:FullAccounts2023-08-012024-07-3108607964ns10:CompanySecretary12023-08-012024-07-3108607964ns10:RegisteredOffice2023-08-012024-07-3108607964ns5:CurrentFinancialInstruments2024-07-3108607964ns5:CurrentFinancialInstruments2023-07-3108607964ns5:ShareCapital2024-07-3108607964ns5:ShareCapital2023-07-3108607964ns5:RetainedEarningsAccumulatedLosses2024-07-3108607964ns5:RetainedEarningsAccumulatedLosses2023-07-3108607964ns5:PlantMachinery2023-08-012024-07-3108607964ns5:MotorVehicles2023-08-012024-07-3108607964ns5:ComputerEquipment2023-08-012024-07-3108607964ns5:PlantMachinery2023-07-3108607964ns5:MotorVehicles2023-07-3108607964ns5:ComputerEquipment2023-07-3108607964ns5:PlantMachinery2024-07-3108607964ns5:MotorVehicles2024-07-3108607964ns5:ComputerEquipment2024-07-3108607964ns5:PlantMachinery2023-07-3108607964ns5:MotorVehicles2023-07-3108607964ns5:ComputerEquipment2023-07-31
REGISTERED NUMBER: 08607964 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Raise Telecoms Limited

Raise Telecoms Limited (Registered number: 08607964)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Raise Telecoms Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: R J Harrage





SECRETARY:





REGISTERED OFFICE: Corner House
28 Huddersfield Road
Newhey
Rochdale
Lancashire
OL16 3QF





REGISTERED NUMBER: 08607964 (England and Wales)





ACCOUNTANTS: Brian Gumbley Accountancy Services Ltd
Corner House
28 Huddersfield Road
Newhey
Rochdale
Lancashire
OL16 3QF

Raise Telecoms Limited (Registered number: 08607964)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,472 35,495

CURRENT ASSETS
Debtors 5 106,017 53,492
Cash at bank and in hand 143,090 240,764
249,107 294,256
CREDITORS
Amounts falling due within one year 6 79,995 203,195
NET CURRENT ASSETS 169,112 91,061
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,584

126,556

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 198,484 126,456
198,584 126,556

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

Raise Telecoms Limited (Registered number: 08607964)

Balance Sheet - continued
31 July 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 director and authorised for issue on 12 November 2024 and were signed by:





R J Harrage - Director


Raise Telecoms Limited (Registered number: 08607964)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Raise Telecoms 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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.

Raise Telecoms Limited (Registered number: 08607964)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 701 51,467 11,446 63,614
Additions 3,840 - 4,400 8,240
At 31 July 2024 4,541 51,467 15,846 71,854
DEPRECIATION
At 1 August 2023 406 20,217 7,496 28,119
Charge for year 1,033 7,813 5,417 14,263
At 31 July 2024 1,439 28,030 12,913 42,382
NET BOOK VALUE
At 31 July 2024 3,102 23,437 2,933 29,472
At 31 July 2023 295 31,250 3,950 35,495

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.7.24 31.7.23
£    £   
Trade debtors 106,017 53,492

Raise Telecoms Limited (Registered number: 08607964)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.7.24 31.7.23
£    £   
Trade creditors 1,210 985
Tax 58,433 33,626
Social security and other taxes 11,108 188
VAT 6,873 8,464
Other creditors 699 721
Directors' current accounts 1,672 2,587
Accruals and deferred income - 156,624
79,995 203,195