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REGISTERED NUMBER: 10933058 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Raise the Bar Speakers Limited

Raise the Bar Speakers Limited (Registered number: 10933058)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Raise the Bar Speakers Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: S J Smith
J N Stanger
Mrs A Smith
Mrs L M Stanger





REGISTERED OFFICE: 13a Tiger Court
Kings Business Park
Knowsley
Merseyside
L34 1PJ





REGISTERED NUMBER: 10933058 (England and Wales)





ACCOUNTANTS: Cobhams Limited
Ground Floor
73 Liverpool Road
Crosby
Merseyside
L23 5SE

Raise the Bar Speakers Limited (Registered number: 10933058)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 278 611

CURRENT ASSETS
Debtors 5 291,948 179,646
Cash at bank 146,874 184,809
438,822 364,455
CREDITORS
Amounts falling due within one year 6 335,113 199,739
NET CURRENT ASSETS 103,709 164,716
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,987

165,327

PROVISIONS FOR LIABILITIES 69 116
NET ASSETS 103,918 165,211

CAPITAL AND RESERVES
Called up share capital 24 24
Retained earnings 103,894 165,187
SHAREHOLDERS' FUNDS 103,918 165,211

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

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

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 15 May 2025 and were signed on its behalf by:




S J Smith - Director



J N Stanger - Director


Raise the Bar Speakers Limited (Registered number: 10933058)

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

1. STATUTORY INFORMATION

Raise the Bar Speakers 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 - 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.

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.

3. EMPLOYEES AND DIRECTORS

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

Raise the Bar Speakers Limited (Registered number: 10933058)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 3,110
DEPRECIATION
At 1 September 2023 2,499
Charge for year 333
At 31 August 2024 2,832
NET BOOK VALUE
At 31 August 2024 278
At 31 August 2023 611

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 226,158 161,850
Other debtors 65,790 17,796
291,948 179,646

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 63,389 26,450
Taxation and social security 65,151 31,075
Other creditors 206,573 142,214
335,113 199,739