2023-09-012024-08-312024-08-31false13461995RISING FIVES LTD2024-11-21falseiso4217:GBPxbrli:pure134619952023-09-01134619952024-08-31134619952023-09-012024-08-31134619952022-09-01134619952023-08-31134619952022-09-012023-08-3113461995bus:SmallEntities2023-09-012024-08-3113461995bus:AuditExempt-NoAccountantsReport2023-09-012024-08-3113461995bus:FullAccounts2023-09-012024-08-3113461995bus:PrivateLimitedCompanyLtd2023-09-012024-08-3113461995core:WithinOneYear2024-08-3113461995core:AfterOneYear2024-08-3113461995core:WithinOneYear2023-08-3113461995core:AfterOneYear2023-08-3113461995core:ShareCapital2024-08-3113461995core:SharePremium2024-08-3113461995core:RevaluationReserve2024-08-3113461995core:OtherReservesSubtotal2024-08-3113461995core:RetainedEarningsAccumulatedLosses2024-08-3113461995core:ShareCapital2023-08-3113461995core:SharePremium2023-08-3113461995core:RevaluationReserve2023-08-3113461995core:OtherReservesSubtotal2023-08-3113461995core:RetainedEarningsAccumulatedLosses2023-08-3113461995core:LandBuildings2024-08-3113461995core:PlantMachinery2024-08-3113461995core:Vehicles2024-08-3113461995core:FurnitureFittings2024-08-3113461995core:OfficeEquipment2024-08-3113461995core:NetGoodwill2024-08-3113461995core:IntangibleAssetsOtherThanGoodwill2024-08-3113461995core:ListedExchangeTraded2024-08-3113461995core:UnlistedNon-exchangeTraded2024-08-3113461995core:LandBuildings2023-08-3113461995core:PlantMachinery2023-08-3113461995core:Vehicles2023-08-3113461995core:FurnitureFittings2023-08-3113461995core:OfficeEquipment2023-08-3113461995core:NetGoodwill2023-08-3113461995core:IntangibleAssetsOtherThanGoodwill2023-08-3113461995core:ListedExchangeTraded2023-08-3113461995core:UnlistedNon-exchangeTraded2023-08-3113461995core:LandBuildings2023-09-012024-08-3113461995core:PlantMachinery2023-09-012024-08-3113461995core:Vehicles2023-09-012024-08-3113461995core:FurnitureFittings2023-09-012024-08-3113461995core:OfficeEquipment2023-09-012024-08-3113461995core:NetGoodwill2023-09-012024-08-3113461995core:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3113461995core:ListedExchangeTraded2023-09-012024-08-3113461995core:UnlistedNon-exchangeTraded2023-09-012024-08-3113461995core:MoreThanFiveYears2023-09-012024-08-3113461995core:Non-currentFinancialInstruments2024-08-3113461995core:Non-currentFinancialInstruments2023-08-3113461995dpl:CostSales2023-09-012024-08-3113461995dpl:DistributionCosts2023-09-012024-08-3113461995core:LandBuildings2023-09-012024-08-3113461995core:PlantMachinery2023-09-012024-08-3113461995core:Vehicles2023-09-012024-08-3113461995core:FurnitureFittings2023-09-012024-08-3113461995core:OfficeEquipment2023-09-012024-08-3113461995dpl:AdministrativeExpenses2023-09-012024-08-3113461995core:NetGoodwill2023-09-012024-08-3113461995core:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3113461995dpl:GroupUndertakings2023-09-012024-08-3113461995dpl:ParticipatingInterests2023-09-012024-08-3113461995dpl:GroupUndertakingscore:ListedExchangeTraded2023-09-012024-08-3113461995core:ListedExchangeTraded2023-09-012024-08-3113461995dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-09-012024-08-3113461995core:UnlistedNon-exchangeTraded2023-09-012024-08-3113461995dpl:CostSales2022-09-012023-08-3113461995dpl:DistributionCosts2022-09-012023-08-3113461995core:LandBuildings2022-09-012023-08-3113461995core:PlantMachinery2022-09-012023-08-3113461995core:Vehicles2022-09-012023-08-3113461995core:FurnitureFittings2022-09-012023-08-3113461995core:OfficeEquipment2022-09-012023-08-3113461995dpl:AdministrativeExpenses2022-09-012023-08-3113461995core:NetGoodwill2022-09-012023-08-3113461995core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3113461995dpl:GroupUndertakings2022-09-012023-08-3113461995dpl:ParticipatingInterests2022-09-012023-08-3113461995dpl:GroupUndertakingscore:ListedExchangeTraded2022-09-012023-08-3113461995core:ListedExchangeTraded2022-09-012023-08-3113461995dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-09-012023-08-3113461995core:UnlistedNon-exchangeTraded2022-09-012023-08-3113461995core:NetGoodwill2024-08-3113461995core:IntangibleAssetsOtherThanGoodwill2024-08-3113461995core:LandBuildings2024-08-3113461995core:PlantMachinery2024-08-3113461995core:Vehicles2024-08-3113461995core:FurnitureFittings2024-08-3113461995core:OfficeEquipment2024-08-3113461995core:AfterOneYear2024-08-3113461995core:WithinOneYear2024-08-3113461995core:ListedExchangeTraded2024-08-3113461995core:UnlistedNon-exchangeTraded2024-08-3113461995core:ShareCapital2024-08-3113461995core:SharePremium2024-08-3113461995core:RevaluationReserve2024-08-3113461995core:OtherReservesSubtotal2024-08-3113461995core:RetainedEarningsAccumulatedLosses2024-08-3113461995core:NetGoodwill2023-08-3113461995core:IntangibleAssetsOtherThanGoodwill2023-08-3113461995core:LandBuildings2023-08-3113461995core:PlantMachinery2023-08-3113461995core:Vehicles2023-08-3113461995core:FurnitureFittings2023-08-3113461995core:OfficeEquipment2023-08-3113461995core:AfterOneYear2023-08-3113461995core:WithinOneYear2023-08-3113461995core:ListedExchangeTraded2023-08-3113461995core:UnlistedNon-exchangeTraded2023-08-3113461995core:ShareCapital2023-08-3113461995core:SharePremium2023-08-3113461995core:RevaluationReserve2023-08-3113461995core:OtherReservesSubtotal2023-08-3113461995core:RetainedEarningsAccumulatedLosses2023-08-3113461995core:NetGoodwill2022-09-0113461995core:IntangibleAssetsOtherThanGoodwill2022-09-0113461995core:LandBuildings2022-09-0113461995core:PlantMachinery2022-09-0113461995core:Vehicles2022-09-0113461995core:FurnitureFittings2022-09-0113461995core:OfficeEquipment2022-09-0113461995core:AfterOneYear2022-09-0113461995core:WithinOneYear2022-09-0113461995core:ListedExchangeTraded2022-09-0113461995core:UnlistedNon-exchangeTraded2022-09-0113461995core:ShareCapital2022-09-0113461995core:SharePremium2022-09-0113461995core:RevaluationReserve2022-09-0113461995core:OtherReservesSubtotal2022-09-0113461995core:RetainedEarningsAccumulatedLosses2022-09-0113461995core:AfterOneYear2023-09-012024-08-3113461995core:WithinOneYear2023-09-012024-08-3113461995core:Non-currentFinancialInstrumentscore:CostValuation2023-09-012024-08-3113461995core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-012024-08-3113461995core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-012024-08-3113461995core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-012024-08-3113461995core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-012024-08-3113461995core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-012024-08-3113461995core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-012024-08-3113461995core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-012024-08-3113461995core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-012024-08-3113461995core:Non-currentFinancialInstrumentscore:CostValuation2024-08-3113461995core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-08-3113461995core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-08-3113461995core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-08-3113461995core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-08-3113461995core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-08-3113461995core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-08-3113461995core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-08-3113461995core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-08-3113461995core:Non-currentFinancialInstrumentscore:CostValuation2023-08-3113461995core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-08-3113461995core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-08-3113461995core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-08-3113461995core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-08-3113461995core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-08-3113461995core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-08-3113461995core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-08-3113461995core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-08-3113461995bus:Director12023-09-012024-08-31

RISING FIVES LTD

Registered Number
13461995
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

RISING FIVES LTD
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

L.R. MCCARTHY

Registered Address

Smeeth Cp School Church Road
Smeeth
Ashford
TN25 6RX

Registered Number

13461995 (England and Wales)
RISING FIVES LTD
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets31,6002,400
Tangible assets414,8952,753
16,4955,153
Current assets
Debtors4401,091
Cash at bank and on hand28,17426,654
28,61427,745
Creditors amounts falling due within one year5(21,095)(15,945)
Net current assets (liabilities)7,51911,800
Total assets less current liabilities24,01416,953
Provisions for liabilities6(2,830)(523)
Net assets21,18416,430
Capital and reserves
Called up share capital100100
Profit and loss account21,08416,330
Shareholders' funds21,18416,430
The financial statements were approved and authorised for issue by the Director on 21 November 2024, and are signed on its behalf by:
L.R. MCCARTHY
Director
Registered Company No. 13461995
RISING FIVES LTD
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be five years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Vehicles25
Office Equipment25
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year76
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 September 234,0004,000
At 31 August 244,0004,000
Amortisation and impairment
At 01 September 231,6001,600
Charge for year800800
At 31 August 242,4002,400
Net book value
At 31 August 241,6001,600
At 31 August 232,4002,400
4.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 September 23-3,9823,982
Revaluations12,5001,35613,856
At 31 August 2412,5005,33817,838
Depreciation and impairment
At 01 September 23-1,2291,229
Charge for year7819331,714
At 31 August 247812,1622,943
Net book value
At 31 August 2411,7193,17614,895
At 31 August 23-2,7532,753
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security6,5775,580
Other creditors12,7186,764
Accrued liabilities and deferred income1,8003,601
Total21,09515,945
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)2,830523
Total2,830523