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REGISTERED NUMBER: 09006595 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

E-Riser Limited

E-Riser Limited (Registered number: 09006595)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E-Riser Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J B Wybrew
J J East
W J Berry





REGISTERED OFFICE: 2 Pavilion Court
600 Pavilion Drive
Northampton
NN4 7SL





REGISTERED NUMBER: 09006595 (England and Wales)





ACCOUNTANTS: Harris & Co
Chartered Accountants
2 Pavilion Court
600 Pavilion Drive
Northampton
NN4 7SL

E-Riser Limited (Registered number: 09006595)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Cash at bank 73 1,805

CREDITORS
Amounts falling due within one year 6 (128,551 ) (127,941 )
NET CURRENT LIABILITIES (128,478 ) (126,136 )
TOTAL ASSETS LESS CURRENT LIABILITIES (128,478 ) (126,136 )

CREDITORS
Amounts falling due after more than one
year

7

(1,348,658

)

(1,304,977

)
NET LIABILITIES (1,477,136 ) (1,431,113 )

CAPITAL AND RESERVES
Called up share capital 5,368 5,368
Share premium 8 1,076,130 1,076,130
Retained earnings 8 (2,558,634 ) (2,512,611 )
(1,477,136 ) (1,431,113 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

E-Riser Limited (Registered number: 09006595)

Balance Sheet - continued
30 April 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 28 January 2025 and were signed on its behalf by:





W J Berry - Director


E-Riser Limited (Registered number: 09006595)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

E-Riser 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.

Intangible assets
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date if the fair value can be measured reliably.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over
their useful lives on the following bases:

Patents Over 10 years
Development Costs Over 25 years

The development costs will be amortised once the project build has been completed

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 - 33% on cost and 25% 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.


E-Riser Limited (Registered number: 09006595)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued
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.

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


3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 252,892
AMORTISATION
At 1 May 2023
and 30 April 2024 252,892
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

E-Riser Limited (Registered number: 09006595)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 28,262
DEPRECIATION
At 1 May 2023
and 30 April 2024 28,262
NET BOOK VALUE
At 30 April 2024 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 126,289 125,787
Other creditors 2,262 2,154
128,551 127,941

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 1,348,658 1,304,977

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 May 2023 (2,512,611 ) 1,076,130 (1,436,481 )
Deficit for the year (46,023 ) - (46,023 )
At 30 April 2024 (2,558,634 ) 1,076,130 (1,482,504 )