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REGISTERED NUMBER: 05210686 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

Raise The Bar Limited

Raise The Bar Limited (Registered number: 05210686)






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 Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: S J Smith
J N Stanger
S A Lanceley
S R Charnock





SECRETARY: J N Stanger





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





REGISTERED NUMBER: 05210686 (England and Wales)





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

Raise The Bar Limited (Registered number: 05210686)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 129,456 152,301
Tangible assets 5 78,096 67,276
207,552 219,577

CURRENT ASSETS
Debtors 6 1,060,707 629,127
Cash at bank and in hand 244,538 441,119
1,305,245 1,070,246
CREDITORS
Amounts falling due within one year 7 842,705 650,082
NET CURRENT ASSETS 462,540 420,164
TOTAL ASSETS LESS CURRENT
LIABILITIES

670,092

639,741

PROVISIONS FOR LIABILITIES 54,830 54,830
NET ASSETS 615,262 584,911

CAPITAL AND RESERVES
Called up share capital 24 24
Retained earnings 615,238 584,887
SHAREHOLDERS' FUNDS 615,262 584,911

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:




J N Stanger - Director S J Smith - Director



S A Lanceley - Director


Raise The Bar Limited (Registered number: 05210686)

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

1. STATUTORY INFORMATION

Raise The Bar 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.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% 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.

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 84 (2023 - 71 ) .

Raise The Bar Limited (Registered number: 05210686)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 31 August 2024 343,248
AMORTISATION
At 1 September 2023 190,947
Charge for year 22,845
At 31 August 2024 213,792
NET BOOK VALUE
At 31 August 2024 129,456
At 31 August 2023 152,301

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 30,631 197,443 228,074
Additions - 30,117 30,117
At 31 August 2024 30,631 227,560 258,191
DEPRECIATION
At 1 September 2023 18,668 142,130 160,798
Charge for year 1,794 17,503 19,297
At 31 August 2024 20,462 159,633 180,095
NET BOOK VALUE
At 31 August 2024 10,169 67,927 78,096
At 31 August 2023 11,963 55,313 67,276

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 886,531 439,249
Other debtors 174,176 189,878
1,060,707 629,127

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 133,292 180,278
Trade creditors 96,505 53,422
Taxation and social security 301,746 245,614
Other creditors 311,162 170,768
842,705 650,082