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REGISTERED NUMBER: 08814096 (England and Wales)












BEYOND ENCRYPTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






BEYOND ENCRYPTION LIMITED (REGISTERED NUMBER: 08814096)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BEYOND ENCRYPTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: P W Holland
T R Lincoln





REGISTERED OFFICE: 1 Gloster Court
5 Whittle Avenue
Fareham
Hampshire
PO15 5SH





REGISTERED NUMBER: 08814096 (England and Wales)

BEYOND ENCRYPTION LIMITED (REGISTERED NUMBER: 08814096)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 6,489 8,850

CURRENT ASSETS
Debtors 5 87,365 279,479
Cash at bank 7,967 145,418
95,332 424,897
CREDITORS
Amounts falling due within one year 6 (5,348,020 ) (4,801,351 )
NET CURRENT LIABILITIES (5,252,688 ) (4,376,454 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,246,199

)

(4,367,604

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (5,246,299 ) (4,367,704 )
(5,246,199 ) (4,367,604 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:




P W Holland - Director


BEYOND ENCRYPTION LIMITED (REGISTERED NUMBER: 08814096)

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


1. STATUTORY INFORMATION

Beyond Encryption 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 FRS 102 "The Financial Reporting Standards 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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

At the balance sheet date the company has net liabilities, and is dependent upon the support of its parent company to continue trading. The parent company has indicated that its support will continue for a period of at least 12 months from the date of signing these financial statements, and as such the going concern basis has been used.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from a contract to provide services is recognised in the period in which the services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over the length of the lease
Office equipment - Straight line over 3 - 5 years
Computer equipment - Straight line over 3 years

BEYOND ENCRYPTION LIMITED (REGISTERED NUMBER: 08814096)

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


2. ACCOUNTING POLICIES - continued

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 assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables 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 financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 28 ) .

BEYOND ENCRYPTION LIMITED (REGISTERED NUMBER: 08814096)

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


4. TANGIBLE FIXED ASSETS
Short Office Computer
leasehold equipment equipment Totals
£ £ £ £
COST
At 1 January 2023 4,657 9,392 19,378 33,427
Additions - - 5,029 5,029
At 31 December 2023 4,657 9,392 24,407 38,456
DEPRECIATION
At 1 January 2023 4,503 9,006 11,068 24,577
Charge for year 154 379 6,857 7,390
At 31 December 2023 4,657 9,385 17,925 31,967
NET BOOK VALUE
At 31 December 2023 - 7 6,482 6,489
At 31 December 2022 154 386 8,310 8,850

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 39,385 230,320
Other debtors 47,980 49,159
87,365 279,479

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 26,096 18,146
Amounts owed to group undertakings 5,115,791 4,585,791
Taxation and social security 54,415 72,290
Other creditors 151,718 125,124
5,348,020 4,801,351

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 3,768 7,363
Between one and five years - 5,228
3,768 12,591

BEYOND ENCRYPTION LIMITED (REGISTERED NUMBER: 08814096)

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


8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Mailock Limited. Mailock Limited is not required to prepare group accounts. The company has therefore taken advantage of the exemption available under FRS 102 from disclosing transactions between wholly owned group companies.