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REGISTERED NUMBER: 08635737 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 AUGUST 2024

FOR

EASYRISE LIMITED

EASYRISE LIMITED (REGISTERED NUMBER: 08635737)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 AUGUST 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EASYRISE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 AUGUST 2024







DIRECTORS: P Baker
P N Harvey
A Baker





REGISTERED OFFICE: Fairview
Park Avenue
Madeley
Telford
Shropshire
TF7 5AB





REGISTERED NUMBER: 08635737 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

EASYRISE LIMITED (REGISTERED NUMBER: 08635737)

STATEMENT OF FINANCIAL POSITION
29 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 52,563 45,509
52,563 45,509

CURRENT ASSETS
Stocks 184,109 162,753
Debtors 6 415,036 368,784
Cash at bank and in hand 28,340 102,097
627,485 633,634
CREDITORS
Amounts falling due within one year 7 458,779 323,313
NET CURRENT ASSETS 168,706 310,321
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,269

355,830

CREDITORS
Amounts falling due after more than one
year

8

(24,894

)

(20,977

)

PROVISIONS FOR LIABILITIES (9,987 ) (9,125 )
NET ASSETS 186,388 325,728

CAPITAL AND RESERVES
Called up and paid share capital 3 3
Retained earnings 186,385 325,725
SHAREHOLDERS' FUNDS 186,388 325,728

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

EASYRISE LIMITED (REGISTERED NUMBER: 08635737)

STATEMENT OF FINANCIAL POSITION - continued
29 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





P Baker - Director


EASYRISE LIMITED (REGISTERED NUMBER: 08635737)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 AUGUST 2024


1. STATUTORY INFORMATION

Easyrise 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.

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

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.

Patents and licences are being amortised evenly over their estimated useful life of two years.

Patents and licences
Patent and licence assets are trade patents. They are amortised to the profit and loss account over its estimated economic useful life of two years.

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

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.


EASYRISE LIMITED (REGISTERED NUMBER: 08635737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 AUGUST 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.


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 6 (2023 - 6 ) .

EASYRISE LIMITED (REGISTERED NUMBER: 08635737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 AUGUST 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 30 August 2023
and 29 August 2024 20,982
AMORTISATION
At 30 August 2023
and 29 August 2024 20,982
NET BOOK VALUE
At 29 August 2024 -
At 29 August 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 August 2023 140,917
Additions 23,357
Disposals (15,466 )
At 29 August 2024 148,808
DEPRECIATION
At 30 August 2023 95,408
Charge for year 11,863
Eliminated on disposal (11,026 )
At 29 August 2024 96,245
NET BOOK VALUE
At 29 August 2024 52,563
At 29 August 2023 45,509

EASYRISE LIMITED (REGISTERED NUMBER: 08635737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 AUGUST 2024


6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 108,478 118,613
Amounts owed by associates - 105,385
Other debtors 189,325 25,985
297,803 249,983

Amounts falling due after more than one year:
Other debtors 117,233 118,801

Aggregate amounts 415,036 368,784

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 9,274 5,960
Trade creditors 39,553 34,926
Amounts owed to associates - 208,697
Taxation and social security 8,580 3,440
Other creditors 391,372 60,290
458,779 323,313

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,500 17,500
Hire purchase contracts 17,394 3,477
24,894 20,977

9. SECURED DEBTS

The loan is secured by way of a charge over the investment property held by the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, a director operated a loan with the company with no fixed terms of repayment or interest. Amounts advanced during the year were £117,233 (2023 - £118,801) and repayments during the year were £118,801 (2023 - £107,005). At the year end, the amount owing to the company was £117,233 (2023 - £118,801).