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REGISTERED NUMBER: 10447911 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

BLUE WELLY EVENTS LIMITED

BLUE WELLY EVENTS LIMITED (REGISTERED NUMBER: 10447911)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Balance sheet 1

Notes to the financial statements 2


BLUE WELLY EVENTS LIMITED (REGISTERED NUMBER: 10447911)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,810 2,153

Current assets
Debtors 5 1,250 1,250
Cash at bank 45,314 78,575
46,564 79,825
Creditors
Amounts falling due within one year 6 9,636 32,208
Net current assets 36,928 47,617
Total assets less current liabilities 39,738 49,770

Provisions for liabilities 7 576 -
Net assets 39,162 49,770

Capital and reserves
Called up share capital 8 1 1
Retained earnings 39,161 49,769
Shareholders' funds 39,162 49,770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 August 2024 and were signed by:





Mr S Bown - Director


BLUE WELLY EVENTS LIMITED (REGISTERED NUMBER: 10447911)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. Statutory information

Blue Welly Events Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10447911. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH, and the business address is 4 The Old Timber Yard, White Horse Lane, Sutton Poyntz, Weymouth, Dorset, DT3 6LU.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable in respect of services provided in the ordinary course of business. Turnover is recognised when the service has been provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

BLUE WELLY EVENTS LIMITED (REGISTERED NUMBER: 10447911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 December 2022 4,125
Additions 1,153
At 30 November 2023 5,278
Depreciation
At 1 December 2022 1,972
Charge for year 496
At 30 November 2023 2,468
Net book value
At 30 November 2023 2,810
At 30 November 2022 2,153

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Prepayments and accrued income 1,250 1,250

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Tax 3,670 11,249
Directors' current accounts 275 18,069
Accruals and deferred income 5,691 2,890
9,636 32,208

7. Provisions for liabilities
2023 2022
£    £   
Deferred tax 576 -

Deferred
tax
£   
Charge to Income statement during year 576
Balance at 30 November 2023 576

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

BLUE WELLY EVENTS LIMITED (REGISTERED NUMBER: 10447911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


9. Ultimate controlling party

The company is under the control of the director, Mr S Bown, by virtue of his 100% holding of the share capital of the company.

10. First year adoption

These financial statements for the year ended 30 November 2023 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 1 December 2021.

The transition to FRS102 Section 1A small entities has resulted in a small number of changes in accounting policies to those previously used.

The nature of these changes and their impact on opening equity and profit, where applicable, is detailed in the notes to these financial statements.