BEYOND LIMITS PROJECT LTD

Executive Summary

Beyond Limits Project Ltd shows signs of financial recovery with a positive net asset position after previous losses, but remains a very small, micro-sized business with limited financial strength. Credit approval is conditional, requiring close monitoring of liquidity and management stability following recent director changes. The company’s ability to sustain working capital and timely compliance with filing requirements are key factors for ongoing creditworthiness.

BEYOND LIMITS PROJECT LTD - Analysis Report

Company Number: 12570505

Analysis Date: 2025-07-20 13:02 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Beyond Limits Project Ltd is a micro-entity with a very limited financial history and small scale of operations. The company has recently returned to a positive net asset position after previous losses, showing a recovery in working capital and equity. However, the financial base remains modest with minimal share capital and limited asset coverage. The change in controlling director in August 2024 introduces some uncertainty regarding management continuity. Given the company's small size and limited financial cushion, credit extension should be conditional on close monitoring of cash flow and prompt filing of accounts and confirmation statements.

2. Financial Strength:
   The latest accounts as of 31 July 2024 show net current assets of £3,600 and net assets of £3,600, up from a deficit position in prior years. This represents a positive turnaround from net liabilities of £733 in April 2023. Current assets are mainly cash or equivalents, with current liabilities very low at £485. The balance sheet shows no long-term assets or debt. Shareholders’ funds increased from £1,453 to £3,600, indicating some retained earnings or capital injection. Overall, the financial strength is weak but improving, consistent with a micro business rebuilding after a loss period.

3. Cash Flow Assessment:
   Cash balances are small but positive, supporting liquidity needs. The net current asset position of £3,600 suggests the company can meet short-term obligations. There are no indications of overdue liabilities or significant creditor pressure. However, the company’s scale and working capital remain fragile, and limited financial reserves mean that any downturn or unexpected expenses could strain liquidity. There is only one employee, implying low fixed overheads. The absence of detailed profit and loss data limits assessment of operational cash generation.

4. Monitoring Points:

• Continued positive net asset growth and maintenance of positive working capital.
• Timely submission of annual accounts and confirmation statements to avoid regulatory penalties.
• Stability and effectiveness of new director and management team after change in August 2024.
• Cash flow trends and ability to cover short-term liabilities without additional capital.
• Any increase in liabilities or credit exposure beyond current modest levels.
• Business performance in the retail via internet sector, especially given small operational scale.