Registration number: 11877663

Still I Rise Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Still I Rise Ltd

(Registration number: 11877663)
Balance Sheet as at 30 June 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	10,384	12,176
Current assets
Debtors	6	236,595	235,459
Cash at bank and in hand		19,788	24,570
		256,383	260,029
Creditors: Amounts falling due within one year	7	(460,804)	(491,377)
Net current liabilities		(204,421)	(231,348)
Net liabilities		(194,037)	(219,172)
Capital and reserves
Called up share capital		2	2
Retained earnings		(194,039)	(219,174)
Shareholders' deficit		(194,037)	(219,172)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 September 2025 and signed on its behalf by:
 

......................................... L I C Inglis Director

Still I Rise Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Adelaide House
12 King Edward Road
Brentwood
Essex
CM14 4DR

These financial statements were authorised for issue by the Board on 22 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The accounts are prepared in the company's functional currency of British Pounds (£) and rounded to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Still I Rise Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Trade creditors

Creditors with no stated interest rate and payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 2).

4

Taxation

Tax charged/(credited) in the profit and loss account

Still I Rise Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

2024 £

2023 £

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 July 2023	23,711	23,711
Additions	1,670	1,670
At 30 June 2024	25,381	25,381
Depreciation
At 1 July 2023	11,535	11,535
Charge for the year	3,462	3,462
At 30 June 2024	14,997	14,997
Carrying amount
At 30 June 2024	10,384	10,384
At 30 June 2023	12,176	12,176

Still I Rise Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Debtors

Current	2024 £	2023 £
Trade debtors	90,947	106,759
Prepayments	3,361	-
Other debtors	142,287	128,700
	236,595	235,459

7

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	31,247	18,099
Taxation and social security	385,514	406,741
Accruals and deferred income	38,227	38,368
Other creditors	5,816	28,169
	460,804	491,377

8	Related party transactions

As at 30 June 2024 directors owed the company £95,057 (2023 : £72,386). Interest has been charged at commercial rates