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# RAISE IT UP LIMITED

## Company Registration Number:
12625084 (England and Wales)

## Unaudited abridged accounts for the year ended 31 May 2025

## Period of accounts

## Start date: 01 June 2024

## End date: 31 May 2025

# RAISE IT UP LIMITED

## Contents of the Financial Statements

for the Period Ended 31 May 2025

Balance sheet |
Notes |

# RAISE IT UP LIMITED

## Balance sheet

As at 31 May 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Called up share capital not paid: |  | 92 | 92
Fixed assets
Intangible assets: | 3 | 253,323 | 254,010
Tangible assets: | 4 | 11,147 | 19,373
Total fixed assets: |  | 264,470 | 273,383
Current assets
Debtors: |  |  | 13,511
Cash at bank and in hand: |  | 28 | 277
Total current assets: |  | 28 | 13,788
Creditors: amounts falling due within one year: |  | (549,477) | (567,818)
Net current assets (liabilities): |  | (549,449) | (554,030)
Total assets less current liabilities: |  | (284,887) | (280,555)
Total net assets (liabilities): |  | (284,887) | (280,555)
Capital and reserves
Called up share capital: |  | 6,343 | 6,343
Share premium account: |  | 900,217 | 900,217
Profit and loss account: |  | (1,191,447) | (1,187,115)
Shareholders funds: |  | (284,887) | (280,555)

The notes form part of these financial statements

# RAISE IT UP LIMITED

## Balance sheet statements

For the year ending 31 May 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 February 2026
and signed on behalf of the board by:

Name: James Ashton
Status: Director

The notes form part of these financial statements

# RAISE IT UP LIMITED

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

## Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases: Computer equipment 25% Straight line method Motor vehicles 20% Straight line method

## Intangible fixed assets and amortisation policy

App development costs and trademarks are capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated. Where it is believed that costs incurred on app development meets this criteria such expenditure is amortised over a period of five years, from the point that the app is ready for use. Website costs are capitalised to the extent that the technical and financial feasibility can be demonstrated. At the period end, the website is still under development and so, has not been amortised during the year. The costs of acquiring trademarks are capitalised in the balance sheet as intangible fixed assets. Trademarks are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their useful economic lives. A maximum estimated useful economic of 10 years has been used as a basis of amortisation of trademarks where the legal life is in excess of 10 years.

# RAISE IT UP LIMITED

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 2. Employees

| 2025 | 2024
--- | --- | ---
Average number of employees during the period | 1 | 1

# RAISE IT UP LIMITED

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 3. Intangible Assets

| Total
--- | ---
Cost | £
At 01 June 2024 | 256,877
At 31 May 2025 | 256,877
Amortisation |
At 01 June 2024 | 2,867
Charge for year | 687
At 31 May 2025 | 3,554
Net book value |
At 31 May 2025 | 253,323
At 31 May 2024 | 254,010

# RAISE IT UP LIMITED

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 4. Tangible Assets

| Total
--- | ---
Cost | £
At 01 June 2024 | 43,201
At 31 May 2025 | 43,201
Depreciation |
At 01 June 2024 | 23,828
Charge for year | 8,226
At 31 May 2025 | 32,054
Net book value |
At 31 May 2025 | 11,147
At 31 May 2024 | 19,373