Beyond Communications Limited
Unaudited Financial Statements
For the year ended 31 December 2023
Pages for Filing with Registrar
Company Registration No. 05739898 (England and Wales)
Beyond Communications Limited
Contents
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 9
Beyond Communications Limited
Balance Sheet
As at 31 December 2023
Page 1
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
15,051
20,450
Current assets
Debtors
4
977,969
809,895
Cash at bank and in hand
62,245
381,985
1,040,214
1,191,880
Creditors: amounts falling due within one year
5
(416,791)
(569,133)
Net current assets
623,423
622,747
Total assets less current liabilities
638,474
643,197
Creditors: amounts falling due after more than one year
6
-
0
(66,667)
Net assets
638,474
576,530
Capital and reserves
Called up share capital
7
111
111
Share premium account
184,964
184,964
Capital redemption reserve
1
1
Profit and loss reserves
453,398
391,454
Total equity
638,474
576,530

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Beyond Communications Limited
Balance Sheet (Continued)
As at 31 December 2023
Page 2
The financial statements were approved by the board of directors and authorised for issue on 22 August 2024 and are signed on its behalf by:
W Dawson
Director
Company Registration No. 05739898
Beyond Communications Limited
Statement of Changes in Equity
For the year ended 31 December 2023
Page 3
Share capital
Share premium account
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 January 2022
112
184,964
-
0
298,828
483,904
Year ended 31 December 2022:
Profit and total comprehensive income for the year
-
-
-
147,627
147,627
Dividends
-
-
-
(55,000)
(55,000)
Own shares acquired
(1)
-
1
(1)
(1)
Balance at 31 December 2022
111
184,964
1
391,454
576,530
Year ended 31 December 2023:
Profit and total comprehensive income for the year
-
-
-
116,944
116,944
Dividends
-
-
-
(55,000)
(55,000)
Balance at 31 December 2023
111
184,964
1
453,398
638,474
Beyond Communications Limited
Notes to the Financial Statements
For the year ended 31 December 2023
Page 4
1
Accounting policies
Company information

Beyond Communications Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4A King Street, London, United Kingdom, W6 0QA.

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 as applicable to companies subject to the small companies regime.

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

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue to trade in operational existence for the foreseeable future. Thus the 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 goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
Over the period of the lease
Fixtures and fittings
20% per annum
Computers
33% per annum

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.

Beyond Communications Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
1
Accounting policies
(Continued)
Page 5
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the 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 an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has only basic financial instruments at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

1.8
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.

1.9
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.

Beyond Communications Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
1
Accounting policies
(Continued)
Page 6
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.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

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.

1.11
Retirement benefits

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

1.12
Leases

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 except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

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

2023
2022
Number
Number
Total
15
13
Beyond Communications Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
Page 7
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2023
71,030
137,310
208,340
Additions
2,150
4,301
6,451
At 31 December 2023
73,180
141,611
214,791
Depreciation and impairment
At 1 January 2023
71,030
116,860
187,890
Depreciation charged in the year
1,075
10,775
11,850
At 31 December 2023
72,105
127,635
199,740
Carrying amount
At 31 December 2023
1,075
13,976
15,051
At 31 December 2022
-
0
20,450
20,450
Beyond Communications Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
Page 8
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
456,090
188,210
Amounts owed by group undertakings
395,232
395,232
Other debtors
120,763
220,154
972,085
803,596
2023
2022
Amounts falling due after more than one year:
£
£
Deferred tax asset
5,884
6,299
Total debtors
977,969
809,895
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
66,667
66,666
Trade creditors
29,954
17,108
Corporation tax
34,337
35,403
Other taxation and social security
119,681
91,944
Other creditors
8,570
180,484
Accruals and deferred income
157,582
177,528
416,791
569,133

At the year end there were fixed and floating charges over the assets of the company held by Barclays Bank PLC in the form of a Debenture and Cross Guarantee with New Beyond Limited, the immediate parent company.

 

 

6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
-
0
66,667
Beyond Communications Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
Page 9
7
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
11,100 Ordinary shares of 1p each
111
111
585 B shares of 0.1p each
-
1
111
111

During the prior year, 585 B shares were bought back by the company at par. These shares were subsequently canceled.

8
Operating lease commitments
Lessee

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

2023
2022
£
£
49,623
102,123
9
Related party transactions

Beyond Communications Limited has taken the exemption to disclose related party transactions under the same 100% control in accordance with FRS102 - Section 33 "Related Party Disclosures" paragraph 33.7.

 

At the end of the prior year end the company held a £175,000 related party loan. The loan was repaid in September 2023.

10
Controlling party

The immediate parent company is New Beyond Limited by virtue of its 100% shareholding, There is no ultimate controlling party.

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