Company registration number 13127297 (England and Wales)
RISE CONTRACTING SERVICES LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
RISE CONTRACTING SERVICES LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2 - 3
Independent auditor's report
4 - 6
Profit and loss account
7
Statement of comprehensive income
8
Balance sheet
9
Statement of changes in equity
10
Statement of cash flows
11
Notes to the financial statements
12 - 20
RISE CONTRACTING SERVICES LIMITED
COMPANY INFORMATION
Directors
Mr D French
Mr R Jones
Secretary
Ms C Ring
Company number
13127297
Registered office
Amber House
Upper Boat Trading Estate
Pontypridd
Rhondda Cynon Taff
United Kingdom
CF37 5BP
Auditor
Just Audit Limited
Chartered Accountants & Statutory Auditors
Strelley Hall
Nottingham
NG8 6PE
RISE CONTRACTING SERVICES LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 JULY 2025
- 1 -

The directors present the strategic report for the year ended 31 July 2025.

Review of the business

The results for the year are set out on page 7. The board measures the performance of the business by the following key measures

| 2025 | 2024
| £m | £m
Turnover | 29.9 | 31.3
EBITDA | 0.50 | 0.61

The directors are pleased to report a positive year for the company, the key factors are

- Consistency in our fees and margins

- The balance sheet on page 10 of the financial statements shows that the net assets of the company have increased from £183,057 to £340,472. This is due to the positive operational results in the year, combined with a reduction in dividends paid in the year.

Future Developments

Rise is expected to continue to generate positive cash flows for the foreseeable future. It expects to grow steadily in the coming years. Building upon year-to-date performance, the company has forecast through 12 months from the date of issue of the financial statements. Rise is forecast to be profitable and generate positive operating cashflow. Looking to bring in new business and companies outside of the Involve group. Based on their assessment of the company's financial position, the company's directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Rise will look for further opportunities in what it perceives to be underdeveloped markets. Rise is constantly working with a wide range of partners to improve the services provided to customers.

Principal risks and uncertainties

The company's activities expose it to a number of financial risks including cash flow risk, credit risk and liquidity risk which are all monitored closely by the directors.

Key performance indicators

The board of directors receive a variety of kpi’s on a weekly and monthly basis tracking gross profit, margin percentages, actual sales figures to budgeted sales figur es, EBITDA and payroll number to budgeted payroll number.

On behalf of the board

Mr D French
Director
9 April 2026
RISE CONTRACTING SERVICES LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JULY 2025
- 2 -

The directors present their annual report and financial statements for the year ended 31 July 2025.

Principal activities

The principal activity of the company continued to be that of the provision of outsourced payroll and associated services.

Results and dividends

The results for the year are set out on page 7.

Ordinary dividends were paid amounting to £212,000. The directors do not recommend payment of a further dividend.

Dividends paid after date total £180,000.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr D French
Mr R Jones
Auditor

Just Audit Limited were appointed as auditor to the company and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

Statement of directors' responsibilities

The directors are responsible for preparing the strategic report, the directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Strategic report

The company has chosen in accordance with Companies Act 2006, s. 414C(11) to include certain matters in its S trategic R eport that would otherwise be disclosed in this Directors' Report. The strategic report can be found on page 1 of these accounts.

RISE CONTRACTING SERVICES LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 3 -
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

On behalf of the board
Mr D French
Mr R Jones
Director
Director
9 April 2026
RISE CONTRACTING SERVICES LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF RISE CONTRACTING SERVICES LIMITED
- 4 -
Opinion

We have audited the financial statements of Rise Contracting Services Limited (the 'company') for the year ended 31 July 2025 which comprise the profit and loss account, the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 July 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the strategic report and the directors' report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the strategic report and the directors' report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

RISE CONTRACTING SERVICES LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF RISE CONTRACTING SERVICES LIMITED
- 5 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

RISE CONTRACTING SERVICES LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF RISE CONTRACTING SERVICES LIMITED
- 6 -

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

- Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;

- Reviewing minutes of meetings of those charged with governance;

- Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Rachel Davis BA FCA (Senior Statutory Auditor)
For and on behalf of Just Audit Limited
9 April 2026
Chartered Accountants &
Strelley Hall
Statutory Auditors
Nottingham
NG8 6PE
RISE CONTRACTING SERVICES LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JULY 2025
- 7 -
2025
2024
as restated
Notes
£
£
Turnover
3
29,913,988
31,333,152
Cost of sales
(29,104,513)
(30,430,234)
Gross profit
809,475
902,918
Administrative expenses
(315,730)
(322,814)
Operating profit
4
493,745
580,104
Interest receivable and similar income
5,378
25,419
Interest payable and similar expenses
7
(3,156)
(1,585)
Profit before taxation
495,967
603,938
Tax on profit
8
(126,552)
(156,503)
Profit for the financial year
369,415
447,435
RISE CONTRACTING SERVICES LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JULY 2025
- 8 -
2025
2024
as restated
£
£
Profit for the year
369,415
447,435
Other comprehensive income
-
-
Total comprehensive income for the year
369,415
447,435
RISE CONTRACTING SERVICES LIMITED
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 9 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
10
-
0
2,208
Current assets
Debtors
11
4,208,477
4,984,407
Cash at bank and in hand
777,354
38,331
4,985,831
5,022,738
Creditors: amounts falling due within one year
12
(4,645,359)
(4,841,889)
Net current assets
340,472
180,849
Net assets
340,472
183,057
Capital and reserves
Called up share capital
15
100
100
Profit and loss reserves
340,372
182,957
Total equity
340,472
183,057
The financial statements were approved by the board of directors and authorised for issue on 9 April 2026 and are signed on its behalf by:
Mr D French
Mr R Jones
Director
Director
Company registration number 13127297 (England and Wales)
RISE CONTRACTING SERVICES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2025
- 10 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 August 2023
100
53,522
53,622
Year ended 31 July 2024:
Profit and total comprehensive income
-
447,435
447,435
Dividends
9
-
(318,000)
(318,000)
Balance at 31 July 2024
100
182,957
183,057
Year ended 31 July 2025:
Profit and total comprehensive income
-
369,415
369,415
Dividends
9
-
(212,000)
(212,000)
Balance at 31 July 2025
100
340,372
340,472
As explained in note 21, the prior year adjustment had no effect on profit or reserves.
RISE CONTRACTING SERVICES LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JULY 2025
- 11 -
2025
2024
as restated
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from/(absorbed by) operations
19
1,398,428
(1,291,010)
Interest paid
(3,156)
(1,585)
Income taxes (paid)/refunded
(355,590)
1,585
Net cash inflow/(outflow) from operating activities
1,039,682
(1,291,010)
Investing activities
Repayment of loans
20,393
294,000
Interest received
5,378
25,419
Net cash generated from investing activities
25,771
319,419
Financing activities
Repayment of borrowings
(114,430)
(285,570)
Dividends paid
(212,000)
(318,000)
Net cash used in financing activities
(326,430)
(603,570)
Net increase/(decrease) in cash and cash equivalents
739,023
(1,575,161)
Cash and cash equivalents at beginning of year
38,331
1,613,492
Cash and cash equivalents at end of year
777,354
38,331
RISE CONTRACTING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 12 -
1
Accounting policies
Company information

Rise Contracting Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Amber House, Upper Boat Trading Estate, Pontypridd, Rhondda Cynon Taff, United Kingdom, CF37 5BP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business and is shown net of VAT. Revenue is recognised in the period to which it relates.

1.4
Tangible fixed assets

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:

Fixtures and fittings
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

RISE CONTRACTING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 13 -
Basic financial assets

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.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from related parties, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

RISE CONTRACTING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 14 -
1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources.

In the opinion of the directors there are no significant judgements to be made or any key sources of estimation uncertainty.

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Provision of services
29,913,988
31,333,152
2025
2024
£
£
Turnover analysed by geographical market
UK
29,913,988
31,333,152
2025
2024
£
£
Other revenue
Interest income
5,378
25,419
RISE CONTRACTING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 15 -
4
Operating profit
2025
2024
Operating profit for the year is stated after charging:
£
£
Fees payable to the company's auditor for the audit of the company's financial statements
17,825
15,100
Fees payable to Azets for 2023 audit
18,375
Depreciation of owned tangible fixed assets
2,208
4,415
Operating lease charges
43,583
42,136
5
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Permanent
4
5
Temporary
140
178
Total
144
183

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
3,712,228
4,643,426
Social security costs
332,241
350,173
Pension costs
24,691
26,594
4,069,160
5,020,193

The comparative wages and salaries figure above has been restated from £30,218,833 as it previously included CIS workers which are not required to be disclosed within this note.

6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
5,224
14,710
7
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities:
Other interest on financial liabilities
3,156
1,585
RISE CONTRACTING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 16 -
8
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
126,552
156,728
Adjustments in respect of prior periods
-
0
(225)
Total current tax
126,552
156,503

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
495,967
603,938
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
123,992
150,985
Tax effect of expenses that are not deductible in determining taxable profit
2,112
4,803
Adjustments in respect of prior years
-
0
(225)
Accelerated capital allowances
448
940
Taxation charge for the year
126,552
156,503
9
Dividends
2025
2024
£
£
Final paid
212,000
318,000
RISE CONTRACTING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 17 -
10
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 August 2024 and 31 July 2025
17,663
Depreciation and impairment
At 1 August 2024
15,455
Depreciation charged in the year
2,208
At 31 July 2025
17,663
Carrying amount
At 31 July 2025
-
0
At 31 July 2024
2,208
11
Debtors
2025
2024
as restated
Amounts falling due within one year:
£
£
Trade debtors
1,039,488
1,794,402
Other debtors
2,040,520
2,110,913
Prepayments and accrued income
1,128,469
1,079,092
4,208,477
4,984,407

See notes 12,17 and 21 for further information on amounts due from related parties which includes an exceptional amount of £2,030,913.

12
Creditors: amounts falling due within one year
2025
2024
as restated
Notes
£
£
Other borrowings
13
-
0
114,430
Trade creditors
26,870
4,170
Corporation tax
51,451
280,489
Other taxation and social security
3,370,828
3,308,382
Other creditors
89,435
72,389
Accruals and deferred income
1,106,775
1,062,029
4,645,359
4,841,889

An additional VAT creditor of £2,030,913 has been identified and recognised within other taxation and social security as a prior year adjustment. This exceptional item is recoverable from companies under common control and therefore has no impact on the profit and loss account for the year ended 31 July 2025 or 31 July 2024.

RISE CONTRACTING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 18 -
13
Loans and overdrafts
2025
2024
£
£
Loans from related parties
-
0
114,430
Payable within one year
-
0
114,430

14
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
24,691
26,594

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

15
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
100
100
100
100
16
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within 1 year
26,400
24,000
Years 2-5
26,400
38,000
52,800
62,000
RISE CONTRACTING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 19 -
17
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Sales
Sales
2025
2024
£
£
Companies under common control
29,062,559
30,133,182
2025
2024
Amounts due to related parties
£
£
Companies under common control
24,110
144,430

The following amounts were outstanding at the reporting end date:

2025
2024
as restated
Amounts due from related parties
£
£
Companies under common control
3,040,978
3,647,959
Other information

There were no formal terms and conditions in respect of the above balances.

Rent of £26,664 (2024: £25,000) was paid to a company controlled by the directors. Note 16 discloses the commitment in respect of this lease.

Dividends of £212,000 (2024: £318,000) were paid to companies under common control.

£2,030,913 of the £3,040,978 (2024: £3,647,959) due from related parties relates to VAT (see note 13), the balance being included in trade debtors.

18
Controlling party

The directors consider that there is no controlling party.

RISE CONTRACTING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 20 -
19
Cash generated from/(absorbed by) operations
2025
2024
as restated
£
£
Profit after taxation
369,415
447,435
Adjustments for:
Taxation charged
126,552
156,503
Finance costs
3,156
1,585
Investment income
(5,378)
(25,419)
Depreciation and impairment of tangible fixed assets
2,208
4,415
Movements in working capital:
Decrease/(increase) in debtors
755,537
(3,747,818)
Increase in creditors
146,938
1,872,289
Cash generated from/(absorbed by) operations
1,398,428
(1,291,010)
20
Analysis of changes in net funds/(debt)
1 August 2024
Cash flows
31 July 2025
£
£
£
Cash at bank and in hand
38,331
739,023
777,354
Borrowings excluding overdrafts
(114,430)
114,430
-
(76,099)
853,453
777,354
21
Prior year adjustment

A prior year adjustment has been made, the effect of which is to increase debtors and creditors by £2,030,913. There is no change to net current assets or net assets. The profit and loss account is unaffected. The prior year adjustment is more fully described in note 12.

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