REGISTERED NUMBER: 08814096 (England and Wales)

BEYOND ENCRYPTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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)

FIXED ASSETS

Intangible assets

4

1,803,917

1,942,162

Tangible assets

5

915

6,489

1,804,832

1,948,651

CURRENT ASSETS

Debtors

6

220,768

87,365

Cash at bank

6,005

7,967

226,773

95,332

CREDITORS

Amounts falling due within one year

7

(6,215,421

)

(5,348,020

)

NET CURRENT LIABILITIES

(5,988,648

)

(5,252,688

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,183,816

)

(3,304,037

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(4,183,916

)

(3,304,137

)

(4,183,816

)

(3,304,037

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 28 November 2025 and were signed on its behalf by:

P W Holland - Director

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.

Intangible assets

Intangible assets are capitalised development expenditure, and are originally measured at cost.

Capitalised development expenditure is amortised on a straight-line basis over its estimated useful economic life of 10 years. The assets are tested for impairment if indicators of impairment arise.

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

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 20 (2023 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

2,654,181

Additions

141,303

At 31 December 2024

2,795,484

AMORTISATION

At 1 January 2024

712,019

Charge for year

279,548

At 31 December 2024

991,567

NET BOOK VALUE

At 31 December 2024

1,803,917

At 31 December 2023

1,942,162

5.	TANGIBLE FIXED ASSETS

Short

Office

Computer

leasehold

equipment

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

4,657

9,392

24,407

38,456

DEPRECIATION

At 1 January 2024

4,657

9,385

17,925

31,967

Charge for year

-

7

5,567

5,574

At 31 December 2024

4,657

9,392

23,492

37,541

NET BOOK VALUE

At 31 December 2024

-

-

915

915

At 31 December 2023

-

7

6,482

6,489

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Trade debtors

170,641

39,385

Other debtors

50,127

47,980

220,768

87,365

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Trade creditors

21,110

26,096

Amounts owed to group undertakings

5,667,791

5,115,791

Taxation and social security

101,238

54,415

Other creditors

425,282

151,718

6,215,421

5,348,020

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

as restated

£

£

Within one year

-

3,768

9.	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.