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Company Registration No. 13917448 (England and Wales)
Beyond Passive Ltd Unaudited accounts for the period from 1 March 2023 to 28 February 2024
Beyond Passive Ltd Unaudited accounts Contents
Page
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Beyond Passive Ltd Company Information for the period from 1 March 2023 to 28 February 2024
Director
T J Flux
Company Number
13917448 (England and Wales)
Registered Office
Station House West Street Isle of Wight PO38 3HL UK
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Beyond Passive Ltd Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
359,718 
- 
Current assets
Inventories
- 
15,480 
Debtors
6,393 
3,545 
Cash at bank and in hand
8,656 
- 
15,049 
19,025 
Creditors: amounts falling due within one year
(380,385)
(21,792)
Net current liabilities
(365,336)
(2,767)
Net liabilities
(5,618)
(2,767)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(5,718)
(2,867)
Shareholders' funds
(5,618)
(2,767)
For the period ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 November 2024 and were signed on its behalf by
T J Flux Director Company Registration No. 13917448
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Beyond Passive Ltd Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
Beyond Passive Ltd is a private company, limited by shares, registered in England and Wales, registration number 13917448. The registered office is Station House, West Street, Isle of Wight, PO38 3HL, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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Beyond Passive Ltd Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 March 2023
- 
Additions
359,718 
At 28 February 2024
359,718 
Depreciation
At 28 February 2024
- 
Net book value
At 28 February 2024
359,718 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
6,393 
3,545 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
246,234 
- 
Loans from directors
134,151 
21,792 
380,385 
21,792 
7
Average number of employees
During the period the average number of employees was 1 (2023: 1).
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