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REGISTERED NUMBER: 03364673 (England and Wales)

Raiseprint Limited

Unaudited Financial Statements

for the Year Ended 30 April 2025

| Raiseprint Limited (Registered number: 03364673) |

Contents of the Financial Statements

for the year ended 30 April 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountants' Report | 11 |

| Raiseprint Limited |

Company Information

for the year ended 30 April 2025

| DIRECTORS: | Mrs L E Bell

| D S Bell

| Mrs M Milsted

| SECRETARY: | Mrs L E Bell

| REGISTERED OFFICE: | Units E1-E2

| Royd Way

| Keighley

| West Yorkshire

| BD21 3LG

| REGISTERED NUMBER: | 03364673 (England and Wales)

| ACCOUNTANTS: | Walkers Accountants Limited

| Aireside House

| Aireside Business Centre

| Royd Ings Avenue

| Keighley

| West Yorkshire

| BD21 4BZ

| Raiseprint Limited (Registered number: 03364673) |

Statement of Financial Position

30 April 2025

| 30.4.25 |  | 30.4.24

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 1,860,771 |  | 1,730,585 |  |

Investments | 6 | 275,720 |  | 156,430 |  |

2,136,491 |  | 1,887,015 |  |

CURRENT ASSETS

Stocks | 106,698 |  | 136,679 |  |

Debtors | 7 | 786,381 |  | 754,787 |  |

Cash at bank | 372,620 |  | 576,220 |  |

1,265,699 |  | 1,467,686 |  |

CREDITORS

Amounts falling due within one year | 8 | (537,142 | ) | (728,733 | ) |

NET CURRENT ASSETS | 728,557 |  | 738,953 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,865,048 |  | 2,625,968 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (12,000 | ) | (55,986 | ) |

PROVISIONS FOR LIABILITIES | (138,037 | ) | (96,324 | ) |

NET ASSETS | 2,715,011 |  | 2,473,658 |  |

CAPITAL AND RESERVES

Called up share capital | 260,004 |  | 260,004 |  |

Revaluation reserve | 11 | 326,317 |  | 326,317 |  |

Capital redemption reserve | 11 | 130,000 |  | 130,000 |  |

Retained earnings | 11 | 1,998,690 |  | 1,757,337 |  |

2,715,011 |  | 2,473,658 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

| Raiseprint Limited (Registered number: 03364673) |

Statement of Financial Position - continued

30 April 2025

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 10 November 2025 and were signed on its behalf by:

D S Bell - Director

| Raiseprint Limited (Registered number: 03364673) |

Notes to the Financial Statements

for the year ended 30 April 2025

1. | STATUTORY INFORMATION

| Raiseprint 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 as modified by the revaluation of certain assets.

| Revenue recognition

| Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

| Sale of goods

| Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

| - The Company has transferred the significant risks and rewards of ownership to the buyer;

| - The Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

| - The amount of revenue can be measured reliably;

| - It is probable that the Company will receive the consideration due under the transaction; and

| - The costs incurred or to be incurred in respect of the transaction can be measured reliably.

| -

| Rendering of services

| Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

| - The amount of revenue can be measured reliably;

| - It is probable that the Company will receive the consideration due under the contract;

| - The stage of completion on the contract at the end of the reporting period can be measured reliably; and

| - The costs incurred and the costs to complete the contract can be measured reliably.

| Intangible fixed assets - goodwill

| Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years.

| For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount ot the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rate on the basis of the carrying amount of each asset in the unit.

| Raiseprint Limited (Registered number: 03364673) |

Notes to the Financial Statements - continued

for the year ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold Property - Nil

| Plant and machinery - 10% Reducing Balance

| Motor vehicles - 25% Reducing Balance

| All tangible fixed assets are at cost less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Assets held under finance lease are depreciated in the same manner as owned assets.

| Renewals, repairs and maintenance are charged to profit and loss during the period in which they are incurred.

| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using a mixture of methods. The depreciation bases are as detailed above.

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are credited or charged to the income statement.

| Impairment of fixed assets

| At each balance sheet date, the Company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indications exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| If the recoverable amount of an asset is estimated to be less that its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

| Where an impairment loss subsequently reserves, the carrying amount of the asset is increased to the revised estimate of its recoverable amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in the prior years. A reversal of an impairment loss is recognised as income immediately.

| Government grants

| Capital Grants have been recognised as deferred income and are being amortised to the profit and loss accounts over the expected useful life of the related asset (50 years).

| Stocks

| Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

| At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

| Raiseprint Limited (Registered number: 03364673) |

Notes to the Financial Statements - continued

for the year ended 30 April 2025

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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

| Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

| Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

| 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.

| Fixed asset investments

| Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

| A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

| An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

| Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

| Raiseprint Limited (Registered number: 03364673) |

Notes to the Financial Statements - continued

for the year ended 30 April 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 31 (2024 - 38 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 21,667 |  |

| AMORTISATION

| At 1 May 2024

| and 30 April 2025 | 21,667 |  |

| NET BOOK VALUE

| At 30 April 2025 | - |  |

| At 30 April 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 May 2024 | 800,000 |  | 2,456,327 |  | 3,256,327 |  |

| Additions | - |  | 258,168 |  | 258,168 |  |

| Disposals | - |  | (473 | ) | (473 | ) |

| At 30 April 2025 | 800,000 |  | 2,714,022 |  | 3,514,022 |  |

| DEPRECIATION

| At 1 May 2024 | - |  | 1,525,742 |  | 1,525,742 |  |

| Charge for year | - |  | 127,548 |  | 127,548 |  |

| Eliminated on disposal | - |  | (39 | ) | (39 | ) |

| At 30 April 2025 | - |  | 1,653,251 |  | 1,653,251 |  |

| NET BOOK VALUE

| At 30 April 2025 | 800,000 |  | 1,060,771 |  | 1,860,771 |  |

| At 30 April 2024 | 800,000 |  | 930,585 |  | 1,730,585 |  |

| Cost or valuation at 30 April 2025 is represented by:

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| Valuation in 2023 | (13,815 | ) | - |  | (13,815 | ) |

| Cost | 813,815 |  | 2,714,022 |  | 3,527,837 |  |

800,000 |  | 2,714,022 |  | 3,514,022 |  |

| Raiseprint Limited (Registered number: 03364673) |

Notes to the Financial Statements - continued

for the year ended 30 April 2025

5. | TANGIBLE FIXED ASSETS - continued

| If freehold property had not been revalued they would have been included at the following historical cost:

| 30.4.25 |  | 30.4.24

£ | £ |

| Cost | 813,815 |  | 813,815 |  |

| Freehold property was valued on an open market basis on 18 October 2022 by Hayfield Robinson - Property Consultants .

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

| etc

£ |

| COST OR VALUATION

| At 1 May 2024 | 836,836 |  |

| Transfer to ownership | (700,000 | ) |

| At 30 April 2025 | 136,836 |  |

| DEPRECIATION

| At 1 May 2024 | 428,859 |  |

| Charge for year | 51,774 |  |

| Transfer to ownership | (398,673 | ) |

| At 30 April 2025 | 81,960 |  |

| NET BOOK VALUE

| At 30 April 2025 | 54,876 |  |

| At 30 April 2024 | 407,977 |  |

6. | FIXED ASSET INVESTMENTS

| Investments (neither listed nor unlisted) were as follows:

| 30.4.25 |  | 30.4.24

£ | £ |

| Cost b/fwd | 156,430 |  | 140,102 |  |

| Additions | 119,290 |  | 16,328 |  |

275,720 |  | 156,430 |  |

| The investment relates to an Investment in Millprint LLP, an LLP in which the company directors of the company and the company itself are members.

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.4.25 |  | 30.4.24

£ | £ |

| Trade debtors | 777,265 |  | 746,222 |  |

| Other debtors | 9,116 |  | 8,565 |  |

786,381 |  | 754,787 |  |

| Raiseprint Limited (Registered number: 03364673) |

Notes to the Financial Statements - continued

for the year ended 30 April 2025

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.4.25 |  | 30.4.24

£ | £ |

| Hire purchase contracts (see note 10) | 43,486 |  | 71,791 |  |

| Trade creditors | 301,770 |  | 335,920 |  |

| Amounts owed to participating interests | 25,267 |  | 31,132 |  |

| Taxation and social security | 146,250 |  | 195,595 |  |

| Other creditors | 20,369 |  | 94,295 |  |

537,142 |  | 728,733 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.4.25 |  | 30.4.24

£ | £ |

| Hire purchase contracts (see note 10) | - |  | 43,486 |  |

| Other creditors | 12,000 |  | 12,500 |  |

12,000 |  | 55,986 |  |

10. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

| 30.4.25 |  | 30.4.24 |

£ | £ |

| Net obligations repayable:

| Within one year | 43,486 |  | 71,791 |  |

| Between one and five years | - |  | 43,486 |  |

43,486 |  | 115,277 |  |

| Non-cancellable |

| operating leases |

| 30.4.25 |  | 30.4.24

£ | £ |

| Within one year | 25,000 |  | 30,746 |  |

| Between one and five years | 22,917 |  | 47,917 |  |

47,917 |  | 78,663 |  |

11. | RESERVES

| Capital |

| Retained |  | Revaluation |  | redemption |

| earnings |  | reserve |  | reserve |  | Totals

£ | £ | £ | £ |

| At 1 May 2024 | 1,757,337 |  | 326,317 |  | 130,000 |  | 2,213,654 |  |

| Profit for the year | 241,353 |  | - |  | - |  | 241,353 |  |

| At 30 April 2025 | 1,998,690 |  | 326,317 |  | 130,000 |  | 2,455,007 |  |

| Raiseprint Limited (Registered number: 03364673) |

Notes to the Financial Statements - continued

for the year ended 30 April 2025

12. | PENSION COMMITMENTS

| The company operates a defined contribution scheme for the benefit of the directors and staff. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the funds and amounted to £86,127 (2024: £95,064). Contributions totalling £5,708 (2024: £5,822) were payable to the fund at the balance sheet date and are included in creditors.

13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| Included in debtors, is an amount of £Nil (2024: £440) which was due from D Bell and L Bell.

| The amounts advanced during the year totalled £Nil (2024: £440) and the amounts repaid in the year totalled £890 (2024: £63,659).

| Included in debtors, is an amount of £Nil (2024: £660) which was due from M Milsted.

| The amounts advanced during the year totalled £Nil (2024: £660) and the amounts repaid in the year totalled £885 (2024: £42,107).

14. | GOVERNMENT GRANTS

| At the balance sheet date the company had £12,500 of deferred income relating to capital grants (2024: £13,000).

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Raiseprint Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Raiseprint Limited for the year ended 30 April 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Raiseprint Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Raiseprint Limited and state those matters that we have agreed to state to the Board of Directors of Raiseprint Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Raiseprint Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Raiseprint Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Raiseprint Limited. You consider that Raiseprint Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Raiseprint Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Walkers Accountants Limited

Aireside House

Aireside Business Centre

Royd Ings Avenue

Keighley

West Yorkshire

BD21 4BZ

Date: .............................................