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REGISTERED NUMBER: 05695937 (England and Wales)















STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

BEYONDLY GLOBAL LIMITED

BEYONDLY GLOBAL LIMITED (REGISTERED NUMBER: 05695937)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Strategic Report 2

Report of the Directors 5

Report of the Independent Auditors 7

Income Statement 10

Other Comprehensive Income 11

Balance Sheet 12

Statement of Changes in Equity 13

Cash Flow Statement 14

Notes to the Cash Flow Statement 15

Notes to the Financial Statements 16


BEYONDLY GLOBAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Gareth John Roberts
Iain Robert Liddell
Jessica Anne Aldersley
Oksana Rigby





SECRETARY: Nick Brooks





REGISTERED OFFICE: Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH





REGISTERED NUMBER: 05695937 (England and Wales)





AUDITORS: Wallwork Nelson & Johnson
Chartered Accountants & Statutory Auditors
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

BEYONDLY GLOBAL LIMITED (REGISTERED NUMBER: 05695937)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2023

General Review

The principal activities of the business continue to be centred around environmental compliance and consultancy, but with a renewed focus of being a 'business for good'. The business is now proud to officially call itself purpose driven, with all decision-making being underpinned by the principles of B Corp.

Comply Direct was extremely proud to achieve B Corp status in September 2022; B Corps are businesses who meet the highest standards of social and environmental responsibility. Becoming a B Corp makes a business legally required to consider the impact of their decisions on all stakeholders. This includes but is not limited to their people, customers, suppliers, local communities, and the environment, as opposed to just maximising profit for shareholders.

A further attraction in becoming a B Corp is also that B-Corps have faster turnover growth than traditional businesses, they also have higher levels of employee retention and are innovative and more successful in securing investment. In addition, they are more diverse organisations and importantly, are better equipped to be resilient in tough times.

The company again experienced growth during the year in terms of number of customers, compliance obligations and an impressive 88% increase in revenue from other consultancy services. The growth in consultancy has been achieved through the execution of an ambitious growth strategy in this area and due to there being growth in the number of companies seeking environmental consultancy support. Delivering the highest level of customer service remains a priority, and this is reflected in the customer net promoter score of 84.

Unprecedented high pricing levels were seen in the packaging recycling evidence (PRN) market which inevitably impacted company turnover resulting in a reported increase of 137%. A 44% increase in admin expenses is reported which is as a result of growing the team, a necessity to ensure the ongoing quality of operations, growth in new services, and preparation for regulatory reform.

At the start of the year, nobody could have predicted the level of volatility in the PRN market, and this remained a huge challenge throughout the year as the team worked hard to try and protect our packaging producer members from the price hikes as much as possible.

In order to facilitate future growth and ambition, it was determined at the start of the year that the company needed to undertake a rebrand project and a significant investment was made to engage the support of an experienced, B Corp accredited external agency. The project has proved to be a big success already and we launched the new brand 'Beyondly' from the 1st April 2023.

The challenges in the PRN market have ultimately meant that the overall operating profit has seen a decrease of 17%, however, this presented an opportunity to further enhance the procurement strategy, and the Directors remain confident in an upward trajectory in the forthcoming year.

The company balance sheet remains strong with a Net Current Asset position of £6,163,914.

Last year saw the introduction of the 'Fund for Change' programme whereby the company made available 5% of net profit. Charitable organisations were able to apply for a proportion of the fund and we were proudly able to support 10 different charities in the first year.

The end of the year saw the resignation of Sarah Foster as Managing Director and the company wishes her well in her new endeavours.

People

Our people are at the heart of our business' success. We grew the team with 20 new appointments during the previous financial year and with a focus on internal promotion, saw 15 existing employees promoted into new roles.

Our company values of trust, commitment, respect, passion and innovation underpin everything that we do, and we use these values to determine who is the right fit to join our circle. As a result, we've got a team of highly committed people who are passionate about delivering against our purpose of leading, inspiring and educating to positively impact society and the environment.



BEYONDLY GLOBAL LIMITED (REGISTERED NUMBER: 05695937)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2023


Some of the key highlights during the last year in relation to people are;


-
We joined only 5% of Investors in People accredited businesses in achieving the highest attainment possible
at platinum level

-
By way of providing alternative routes to employment for prospective candidates, we had a specific focus on
apprenticeships recruiting 3 new apprentices to the team

-
In a bid to strengthen links with local education providers, we delivered various talks, attended careers fairs and
offered multiple work experience placements for students
- We introduced two new staff benefits; life leave and menopause support
- The team carried out a total 215 hours of volunteering with impacts including (but not limited to);
o Over 1000 plastic tree guards removed from local woodland and sent for recycling
o Planting of approximately 675 trees on rural land


-
Introduction of a new reward framework focused around the B Corp principles which saw an increase in
bonuses paid to all employees across the business, increased cross-team collaboration, and an equal focus
across people, planet and performance



-
We continued our awards success by winning the following; The Great British Workplace Wellbeing Awards
-Best Wellbeing in the Workplace Strategy, HR Brilliance Awards - Brilliance in Employee Engagement,
Employee Experience Awards - Best Flexible Working Initiative, FSB Awards - High Growth Business of the
Year and were also shortlisted in the FSB sustainability award
- Achieved an employee Net Promoter Score of 80
- Raised/donated £3,619.27 to charitable causes outside of the fund for change programme

Planet

With a continued commitment to preserving and protecting our environment, and with our vision of a better, fairer, sustainable world for all in mind some of our key highlights in this area were;



-
Ran our first 'Beyond Tomorrow' online festival in March 2023 with over 200 attendees and with a focus on
igniting environmental change. We welcomed a range of guest speakers and exemplar businesses across the
sustainability industry to the event



-
As part of our fund for change programme, donated to the National Oceanography Centre's (NOC) Blue
Carbon project, which supports the carbon coring and analysis of a key coastal site. Our donation gives NOC
the opportunity to restore the degraded sites as part of the global effort to combat climate change and preserve
biodiversity

-
Investment in CSX Carbon who have developed new technology and scientific approaches to quantifying and
proving the validity of carbon offsets

-
Calculated all our scope 1, 2 and 3 emissions for the first time with overall emissions having reduced by 0.9%
since 2021

-
Offset our emissions with 25% from UK long-term storage projects and 75% from international avoidance
projects

-
In support of our commitment to being a net zero organisation by 2030, moved to a new office which facilitated
a switch to ground-sourced heating
- Introduced a staff car sharing initiative with 1063 shared miles being recorded to date
- tCO2e saving of 2.25 from car miles completed in the pool company electric vehicle


-
Continued support of the Climate Emergency Bill, and the Better Business Act which calls for a change in law
to Section 172 of the Companies Act to make sure that company directors are responsible for aligning their
interests with those of wider society and the environment, not just to maximise profits

-
Introduction of impact reward tokens for our members and customers which sees them being able to earn
tokens for certain behaviours which can be converted into charitable donations










BEYONDLY GLOBAL LIMITED (REGISTERED NUMBER: 05695937)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2023


Principle risks and uncertainties

Undoubtedly the biggest risk and uncertainty for the business is brought about by the planned legislative change. 2023 will see the first stage of EPR (Extended Producer Responsibility), being rolled out with further stages expected to be phased over the next few years, however, there is continued speculation in relation to delays, and a lack of clarity around the specific costs for producers as well as other elements of the reform. We are also expecting to see the first stage of the WEEE and Batteries consultations later in the year and whilst it is not yet known what this will entail, early indications suggest the introduction of a category for vapes, an obligation for online market places and incentivisation for eco-design and reuse will be featured. Whilst the reforms bring risks and uncertainties, the opportunities are also clear.

Future Focus

With the departure of Sarah Foster as Managing Director on 24th March, Jessica Aldersley was appointed to the role with effect 1st April 2023, and the board of Directors has been further strengthened with the appointment of Oksana Rigby as Commercial Director with effect 3rd July 2023.

Jessica has been with the business since inception in 2006, previously in the role of Director of Talent, Culture and Operations but having held a variety of roles across the business making her well placed to drive the business forward under the new brand.

Oksana brings with her a wealth of experience, joining Beyondly from within the waste industry.

The team have been working hard in developing departmental strategic business plans over the first few months of the new financial year which will serve to further enhance the company roadmap. A clear set of goals have been established, taking Beyondly through to 2030 which support the company vision and will serve to ensure the company is profitably delivering against its defined purpose.

ON BEHALF OF THE BOARD:





Jessica Anne Aldersley - Director


19 October 2023

BEYONDLY GLOBAL LIMITED (REGISTERED NUMBER: 05695937)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2023

The directors present their report with the financial statements of the company for the year ended 31 March 2023.

DIVIDENDS
The total distribution of dividends for the year ended 31 March 2023 will be £ 1,000,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.

Gareth John Roberts
Iain Robert Liddell
Jessica Anne Aldersley

Other changes in directors holding office are as follows:

Sarah Jane Foster - resigned 24 March 2023

Oksana Rigby was appointed as a director after 31 March 2023 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors 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;
-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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

BEYONDLY GLOBAL LIMITED (REGISTERED NUMBER: 05695937)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2023


AUDITORS
The auditors, Wallwork Nelson & Johnson, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Jessica Anne Aldersley - Director


19 October 2023

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BEYONDLY GLOBAL LIMITED

Opinion
We have audited the financial statements of Beyondly Global Limited (the 'company') for the year ended 31 March 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of 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 March 2023 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 Auditors' 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 directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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 the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BEYONDLY GLOBAL LIMITED


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 identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where 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 Statement of Directors' Responsibilities set out on page five, 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 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.

Auditors' 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 a Report of the Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- Enquiry of management and those charged with governance around actual and potential litigation and claims.
- Enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and
regulations.
- Reviewing minutes of meetings of those charged with governance.
- Reviewing financial statement disclosures and testing to support documentation to assess compliance with
applicable laws and regulations.
- Auditing the risk of management override of controls and evaluating the business rationale of significant
transactions outside the normal course of business.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BEYONDLY GLOBAL LIMITED


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 a Report of the Auditors 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.




Paul Woodburn FCA (Senior Statutory Auditor)
for and on behalf of Wallwork Nelson & Johnson
Chartered Accountants & Statutory Auditors
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

19 October 2023

BEYONDLY GLOBAL LIMITED (REGISTERED NUMBER: 05695937)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023

31/3/23 31/3/22
Notes £    £   

TURNOVER 88,687,382 37,408,935

Cost of sales 82,961,366 32,021,921
GROSS PROFIT 5,726,016 5,387,014

Administrative expenses 2,930,512 2,032,335
OPERATING PROFIT 4 2,795,504 3,354,679

Exceptional items 5 - 87,500
2,795,504 3,442,179

Interest receivable and similar income 51,605 1,240
PROFIT BEFORE TAXATION 2,847,109 3,443,419

Tax on profit 6 522,371 652,905
PROFIT FOR THE FINANCIAL YEAR 2,324,738 2,790,514

BEYONDLY GLOBAL LIMITED (REGISTERED NUMBER: 05695937)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2023

31/3/23 31/3/22
Notes £    £   

PROFIT FOR THE YEAR 2,324,738 2,790,514


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

2,324,738

2,790,514

BEYONDLY GLOBAL LIMITED (REGISTERED NUMBER: 05695937)

BALANCE SHEET
31 MARCH 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 55,406 54,119
Investments 9 249,715 -
305,121 54,119

CURRENT ASSETS
Debtors 10 31,891,164 8,992,954
Cash at bank 3,549,504 11,224,578
35,440,668 20,217,532
CREDITORS
Amounts falling due within one year 11 29,250,440 15,087,645
NET CURRENT ASSETS 6,190,228 5,129,887
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,495,349

5,184,006

PROVISIONS FOR LIABILITIES 13 - 13,395
NET ASSETS 6,495,349 5,170,611

CAPITAL AND RESERVES
Called up share capital 14 100 100
Retained earnings 15 6,495,249 5,170,511
SHAREHOLDERS' FUNDS 6,495,349 5,170,611

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2023 and were signed on its behalf by:





Jessica Anne Aldersley - Director


BEYONDLY GLOBAL LIMITED (REGISTERED NUMBER: 05695937)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Balance at 1 April 2021 100 3,379,997 3,380,097

Changes in equity
Dividends - (1,000,000 ) (1,000,000 )
Total comprehensive income - 2,790,514 2,790,514
Balance at 31 March 2022 100 5,170,511 5,170,611

Changes in equity
Dividends - (1,000,000 ) (1,000,000 )
Total comprehensive income - 2,324,738 2,324,738
Balance at 31 March 2023 100 6,495,249 6,495,349

BEYONDLY GLOBAL LIMITED (REGISTERED NUMBER: 05695937)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023

31/3/23 31/3/22
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 (5,703,262 ) 6,822,684
Tax paid (731,507 ) (453,138 )
Net cash from operating activities (6,434,769 ) 6,369,546

Cash flows from investing activities
Purchase of tangible fixed assets (42,095 ) (52,051 )
Purchase of fixed asset investments (249,715 ) -
Sale of fixed asset investments - 80
Interest received 51,605 1,240
Net cash from investing activities (240,205 ) (50,731 )

Cash flows from financing activities
Loan repayments in year (100 ) (2,500,000 )
Equity dividends paid (1,000,000 ) (1,000,000 )
Net cash from financing activities (1,000,100 ) (3,500,000 )

(Decrease)/increase in cash and cash equivalents (7,675,074 ) 2,818,815
Cash and cash equivalents at beginning of
year

2

11,224,578

8,405,763

Cash and cash equivalents at end of year 2 3,549,504 11,224,578

BEYONDLY GLOBAL LIMITED (REGISTERED NUMBER: 05695937)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
31/3/23 31/3/22
£    £   
Profit before taxation 2,847,109 3,443,419
Depreciation charges 40,808 23,784
Finance income (51,605 ) (1,240 )
2,836,312 3,465,963
Increase in trade and other debtors (22,871,897 ) (1,800,430 )
Increase in trade and other creditors 14,332,323 5,157,151
Cash generated from operations (5,703,262 ) 6,822,684

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2023
31/3/23 1/4/22
£    £   
Cash and cash equivalents 3,549,504 11,224,578
Year ended 31 March 2022
31/3/22 1/4/21
£    £   
Cash and cash equivalents 11,224,578 8,405,763


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/22 Cash flow At 31/3/23
£    £    £   
Net cash
Cash at bank 11,224,578 (7,675,074 ) 3,549,504
11,224,578 (7,675,074 ) 3,549,504
Total 11,224,578 (7,675,074 ) 3,549,504

BEYONDLY GLOBAL LIMITED (REGISTERED NUMBER: 05695937)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Beyondly Global 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.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Depreciation is provided on all tangible fixed assets when brought into use at rates calculated to write off the cost or valuation, less residual value, of each asset on a straight line basis over its expected useful economic life as follows:

Fixtures and fittings- 50% on cost
Computer equipment- 50% on cost
Motor Vehicles - 50% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

BEYONDLY GLOBAL LIMITED (REGISTERED NUMBER: 05695937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Going concern
The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Financial instruments
Financial instruments are recognised in the balance sheet when the Company has become a party to the contractual provisions of the instruments. Financial instruments are classified as liabilities or equity in accordance with the substance of the contractual arrangement.

3. EMPLOYEES AND DIRECTORS
31/3/23 31/3/22
£    £   
Wages and salaries 1,733,966 1,383,255
Social security costs 198,038 151,673
Other pension costs 105,374 66,090
2,037,378 1,601,018

The average number of employees during the year was as follows:
31/3/23 31/3/22

Management 7 5
Sales and administrative 37 29
44 34

31/3/23 31/3/22
£    £   
Directors' remuneration 379,035 401,814
Directors' pension contributions to money purchase schemes 19,257 17,120

Information regarding the highest paid director is as follows:
31/3/23 31/3/22
£    £   
Emoluments etc 149,555 179,418
Pension contributions to money purchase schemes 7,478 6,000

4. OPERATING PROFIT

The operating profit is stated after charging:

31/3/23 31/3/22
£    £   
Hire of plant and machinery 52,632 44,563
Depreciation - owned assets 40,808 23,785
Auditors' remuneration 4,600 4,250
Auditors' remuneration for non audit work 6,565 6,185

BEYONDLY GLOBAL LIMITED (REGISTERED NUMBER: 05695937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. EXCEPTIONAL ITEMS
31/3/23 31/3/22
£    £   
Exceptional items - 87,500

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31/3/23 31/3/22
£    £   
Current tax:
UK corporation tax 568,729 644,297
Prior year over provision (6,650 ) -
Total current tax 562,079 644,297

Deferred tax (39,708 ) 8,608
Tax on profit 522,371 652,905

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

31/3/23 31/3/22
£    £   
Profit before tax 2,847,109 3,443,419
Profit multiplied by the standard rate of corporation tax in the UK of 19%
(2022 - 19%)

540,951

654,250

Effects of:
Expenses not deductible for tax purposes (9,641 ) -
Capital allowances in excess of depreciation (2,289 ) (1,345 )
Adjustments to tax charge in respect of previous periods (6,650 ) -
Total tax charge 522,371 652,905

7. DIVIDENDS
31/3/23 31/3/22
£    £   
Final 1,000,000 1,000,000

BEYONDLY GLOBAL LIMITED (REGISTERED NUMBER: 05695937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 23,087 1,202 183,523 207,812
Additions 23,178 - 18,917 42,095
Disposals (6,359 ) - - (6,359 )
At 31 March 2023 39,906 1,202 202,440 243,548
DEPRECIATION
At 1 April 2022 21,921 952 130,820 153,693
Charge for year 4,670 125 36,013 40,808
Eliminated on disposal (6,359 ) - - (6,359 )
At 31 March 2023 20,232 1,077 166,833 188,142
NET BOOK VALUE
At 31 March 2023 19,674 125 35,607 55,406
At 31 March 2022 1,166 250 52,703 54,119

9. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
Additions 249,715
At 31 March 2023 249,715
NET BOOK VALUE
At 31 March 2023 249,715

496 Seed Preferred Ordinary Shares were purchased in Climate Solutions Exchange Ltd during the year.

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 26,017,944 8,479,356
Other debtors - 100
VAT 1,596,878 -
Deferred tax asset 26,313 -
Prepayments and accrued income 4,250,029 513,498
31,891,164 8,992,954

BEYONDLY GLOBAL LIMITED (REGISTERED NUMBER: 05695937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade creditors 1,147,517 605,348
Tax 230,015 399,443
VAT - 250,679
Other creditors 234,218 69,144
Directors' current accounts 1,000,234 1,000,334
Accruals and deferred income 26,638,456 12,762,697
29,250,440 15,087,645

12. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/3/23 31/3/22
£    £   
Within one year 73,542 -
Between one and five years 282,250 -
355,792 -

13. PROVISIONS FOR LIABILITIES
31/3/22
£   
Deferred tax 13,395

Deferred
tax
£   
Balance at 1 April 2022 13,395
Credit to Income Statement during year (39,708 )
Balance at 31 March 2023 (26,313 )

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/23 31/3/22
value: £    £   
10,000 Ordinary New 1p 100 100

15. RESERVES
Retained
earnings
£   

At 1 April 2022 5,170,511
Profit for the year 2,324,738
Dividends (1,000,000 )
At 31 March 2023 6,495,249

BEYONDLY GLOBAL LIMITED (REGISTERED NUMBER: 05695937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

16. PENSION COMMITMENTS

The company operates an independently administered defined contribution pension scheme on behalf of all its staff. The pension costs charge represents the contributions payable by the company in the year and amounts to £86,117 (2022: £48,970).

17. RELATED PARTY DISCLOSURES

Recycling in Action Limited is a company which shares common ownership. No transactions occurred during the year. At the year end a balance of £66,614 (2022: £66,614) was included in other creditors.

18. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors and shareholders.