2023-04-012024-03-312024-03-31false13935105Limitless Financial Group Limited2024-09-1170229iso4217:GBPxbrli:pure139351052023-04-01139351052024-03-31139351052023-04-012024-03-31139351052022-02-23139351052023-03-31139351052022-02-232023-03-3113935105bus:SmallEntities2023-04-012024-03-3113935105bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3113935105bus:FullAccounts2023-04-012024-03-3113935105bus:PrivateLimitedCompanyLtd2023-04-012024-03-3113935105core:WithinOneYear2024-03-3113935105core:AfterOneYear2024-03-3113935105core:WithinOneYear2023-03-3113935105core:AfterOneYear2023-03-3113935105core:ShareCapital2024-03-3113935105core:SharePremium2024-03-3113935105core:RevaluationReserve2024-03-3113935105core:OtherReservesSubtotal2024-03-3113935105core:RetainedEarningsAccumulatedLosses2024-03-3113935105core:ShareCapital2023-03-3113935105core:SharePremium2023-03-3113935105core:RevaluationReserve2023-03-3113935105core:OtherReservesSubtotal2023-03-3113935105core:RetainedEarningsAccumulatedLosses2023-03-3113935105core:LandBuildings2024-03-3113935105core:PlantMachinery2024-03-3113935105core:Vehicles2024-03-3113935105core:FurnitureFittings2024-03-3113935105core:OfficeEquipment2024-03-3113935105core:NetGoodwill2024-03-3113935105core:IntangibleAssetsOtherThanGoodwill2024-03-3113935105core:ListedExchangeTraded2024-03-3113935105core:UnlistedNon-exchangeTraded2024-03-3113935105core:LandBuildings2023-03-3113935105core:PlantMachinery2023-03-3113935105core:Vehicles2023-03-3113935105core:FurnitureFittings2023-03-3113935105core:OfficeEquipment2023-03-3113935105core:NetGoodwill2023-03-3113935105core:IntangibleAssetsOtherThanGoodwill2023-03-3113935105core:ListedExchangeTraded2023-03-3113935105core:UnlistedNon-exchangeTraded2023-03-3113935105core:LandBuildings2023-04-012024-03-3113935105core:PlantMachinery2023-04-012024-03-3113935105core:Vehicles2023-04-012024-03-3113935105core:FurnitureFittings2023-04-012024-03-3113935105core:OfficeEquipment2023-04-012024-03-3113935105core:NetGoodwill2023-04-012024-03-3113935105core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3113935105core:ListedExchangeTraded2023-04-012024-03-3113935105core:UnlistedNon-exchangeTraded2023-04-012024-03-3113935105core:MoreThanFiveYears2023-04-012024-03-3113935105core:Non-currentFinancialInstruments2024-03-3113935105core:Non-currentFinancialInstruments2023-03-3113935105dpl:CostSales2023-04-012024-03-3113935105dpl:DistributionCosts2023-04-012024-03-3113935105core:LandBuildings2023-04-012024-03-3113935105core:PlantMachinery2023-04-012024-03-3113935105core:Vehicles2023-04-012024-03-3113935105core:FurnitureFittings2023-04-012024-03-3113935105core:OfficeEquipment2023-04-012024-03-3113935105dpl:AdministrativeExpenses2023-04-012024-03-3113935105core:NetGoodwill2023-04-012024-03-3113935105core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3113935105dpl:GroupUndertakings2023-04-012024-03-3113935105dpl:ParticipatingInterests2023-04-012024-03-3113935105dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3113935105core:ListedExchangeTraded2023-04-012024-03-3113935105dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3113935105core:UnlistedNon-exchangeTraded2023-04-012024-03-3113935105dpl:CostSales2022-02-232023-03-3113935105dpl:DistributionCosts2022-02-232023-03-3113935105core:LandBuildings2022-02-232023-03-3113935105core:PlantMachinery2022-02-232023-03-3113935105core:Vehicles2022-02-232023-03-3113935105core:FurnitureFittings2022-02-232023-03-3113935105core:OfficeEquipment2022-02-232023-03-3113935105dpl:AdministrativeExpenses2022-02-232023-03-3113935105core:NetGoodwill2022-02-232023-03-3113935105core:IntangibleAssetsOtherThanGoodwill2022-02-232023-03-3113935105dpl:GroupUndertakings2022-02-232023-03-3113935105dpl:ParticipatingInterests2022-02-232023-03-3113935105dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-232023-03-3113935105core:ListedExchangeTraded2022-02-232023-03-3113935105dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-232023-03-3113935105core:UnlistedNon-exchangeTraded2022-02-232023-03-3113935105core:NetGoodwill2024-03-3113935105core:IntangibleAssetsOtherThanGoodwill2024-03-3113935105core:LandBuildings2024-03-3113935105core:PlantMachinery2024-03-3113935105core:Vehicles2024-03-3113935105core:FurnitureFittings2024-03-3113935105core:OfficeEquipment2024-03-3113935105core:AfterOneYear2024-03-3113935105core:WithinOneYear2024-03-3113935105core:ListedExchangeTraded2024-03-3113935105core:UnlistedNon-exchangeTraded2024-03-3113935105core:ShareCapital2024-03-3113935105core:SharePremium2024-03-3113935105core:RevaluationReserve2024-03-3113935105core:OtherReservesSubtotal2024-03-3113935105core:RetainedEarningsAccumulatedLosses2024-03-3113935105core:NetGoodwill2023-03-3113935105core:IntangibleAssetsOtherThanGoodwill2023-03-3113935105core:LandBuildings2023-03-3113935105core:PlantMachinery2023-03-3113935105core:Vehicles2023-03-3113935105core:FurnitureFittings2023-03-3113935105core:OfficeEquipment2023-03-3113935105core:AfterOneYear2023-03-3113935105core:WithinOneYear2023-03-3113935105core:ListedExchangeTraded2023-03-3113935105core:UnlistedNon-exchangeTraded2023-03-3113935105core:ShareCapital2023-03-3113935105core:SharePremium2023-03-3113935105core:RevaluationReserve2023-03-3113935105core:OtherReservesSubtotal2023-03-3113935105core:RetainedEarningsAccumulatedLosses2023-03-3113935105core:NetGoodwill2022-02-2313935105core:IntangibleAssetsOtherThanGoodwill2022-02-2313935105core:LandBuildings2022-02-2313935105core:PlantMachinery2022-02-2313935105core:Vehicles2022-02-2313935105core:FurnitureFittings2022-02-2313935105core:OfficeEquipment2022-02-2313935105core:AfterOneYear2022-02-2313935105core:WithinOneYear2022-02-2313935105core:ListedExchangeTraded2022-02-2313935105core:UnlistedNon-exchangeTraded2022-02-2313935105core:ShareCapital2022-02-2313935105core:SharePremium2022-02-2313935105core:RevaluationReserve2022-02-2313935105core:OtherReservesSubtotal2022-02-2313935105core:RetainedEarningsAccumulatedLosses2022-02-2313935105core:AfterOneYear2023-04-012024-03-3113935105core:WithinOneYear2023-04-012024-03-3113935105core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-3113935105core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-3113935105core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-3113935105core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-3113935105core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-3113935105core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-3113935105core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3113935105core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3113935105core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3113935105core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3113935105core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3113935105core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3113935105core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3113935105core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3113935105core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3113935105core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3113935105core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3113935105core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3113935105core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3113935105core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3113935105core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3113935105core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3113935105core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3113935105core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3113935105core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3113935105core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3113935105core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3113935105bus:Director12023-04-012024-03-31139351051bus:Director12023-04-01139351051bus:Director12023-04-012024-03-31139351051bus:Director12024-03-31139351052023-04-01139351052023-04-012024-03-31139351052024-03-31

Limitless Financial Group Limited

Registered Number
13935105
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

Limitless Financial Group Limited
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

KEVILLE, Ben

Registered Address

279 Laleham Road
Shepperton
TW17 0DF

Registered Number

13935105 (England and Wales)
Limitless Financial Group Limited
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets33,0942,866
3,0942,866
Current assets
Debtors415,1276,032
Cash at bank and on hand8,37911,738
23,50617,770
Creditors amounts falling due within one year5(26,395)(20,489)
Net current assets (liabilities)(2,889)(2,719)
Total assets less current liabilities205147
Net assets205147
Capital and reserves
Called up share capital100100
Profit and loss account10547
Shareholders' funds205147
The financial statements were approved and authorised for issue by the Director on 11 September 2024, and are signed on its behalf by:
KEVILLE, Ben
Director
Registered Company No. 13935105
Limitless Financial Group Limited
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
At the balance sheet date the company had net current liabilities of £2,889 (2023 - £2,719). The Director has confirmed that the company will continue trading as a going concern.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
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
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment4
2.Average number of employees
The average number of employees during the period (including directors) was 1.

20242023
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 April 233,3543,354
Additions1,1611,161
At 31 March 244,5154,515
Depreciation and impairment
At 01 April 23488488
Charge for year933933
At 31 March 241,4211,421
Net book value
At 31 March 243,0943,094
At 31 March 232,8662,866
4.Debtors: amounts due within one year

2024

2023

££
Other debtors15,1271,964
Prepayments and accrued income-4,068
Total15,1276,032
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables6,4278,007
Taxation and social security18,18512,415
Other creditors1,78367
Total26,39520,489
6.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
KEVILLE, Ben08,58708,587
08,58708,587
The loan will be repaid in full by 31 December 2024. No advance or repayment was in excess of £10,000.
7.Related party transactions
At the balance sheet date the company was owed £3,734 (2023 - £288) by Momentum Accounting Ltd, a company under common control of the Director, B Keville.