diff --git a/gradle.properties b/gradle.properties
index dae6e301e..e002a6ccf 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -33,7 +33,7 @@ systemProp.org.gradle.internal.http.socketTimeout=120000
 
 GROUP=com.google.accompanist
 # !! No longer need to update this manually when using a Compose SNAPSHOT
-VERSION_NAME=0.31.5-SNAPSHOT
+VERSION_NAME=0.31.5-beta
 
 POM_DESCRIPTION=Utilities for Jetpack Compose
 
diff --git a/gradle/libs.versions.toml b/gradle/libs.versions.toml
index 68c848ba7..06005c8be 100644
--- a/gradle/libs.versions.toml
+++ b/gradle/libs.versions.toml
@@ -1,7 +1,7 @@
 [versions]
 
-compose = "1.5.0-beta02"
-composeCompiler = "1.4.7"
+compose = "1.5.0-beta03"
+composeCompiler = "1.4.8"
 composeMaterial3 = "1.0.1"
 composesnapshot = "-" # a single character = no snapshot
 
@@ -12,7 +12,7 @@ gradlePlugin = "8.0.0"
 lintMinCompose = "30.0.0"
 
 ktlint = "0.45.2"
-kotlin = "1.8.21"
+kotlin = "1.8.22"
 coroutines = "1.6.4"
 okhttp = "3.12.13"
 coil = "1.3.2"