IRIS Accounts Production v24.2.0.383 04491925 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044919252022-12-31044919252023-12-31044919252023-01-012023-12-31044919252021-12-31044919252022-01-012022-12-31044919252022-12-3104491925ns14:PoundSterling2023-01-012023-12-3104491925ns10:Director12023-01-012023-12-3104491925ns10:Director22023-01-012023-12-3104491925ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104491925ns10:SmallEntities2023-01-012023-12-3104491925ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104491925ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104491925ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104491925ns10:FullAccounts2023-01-012023-12-3104491925ns10:CompanySecretary12023-01-012023-12-3104491925ns10:RegisteredOffice2023-01-012023-12-3104491925ns5:CurrentFinancialInstruments2023-12-3104491925ns5:CurrentFinancialInstruments2022-12-3104491925ns5:Non-currentFinancialInstruments2023-12-3104491925ns5:Non-currentFinancialInstruments2022-12-3104491925ns5:ShareCapital2023-12-3104491925ns5:ShareCapital2022-12-3104491925ns5:RetainedEarningsAccumulatedLosses2023-12-3104491925ns5:RetainedEarningsAccumulatedLosses2022-12-3104491925ns5:PlantMachinery2023-01-012023-12-3104491925ns5:PlantMachinery2022-12-3104491925ns5:PlantMachinery2023-12-3104491925ns5:PlantMachinery2022-12-3104491925ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3104491925ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3104491925ns5:AcceleratedTaxDepreciationDeferredTax2023-12-3104491925ns5:AcceleratedTaxDepreciationDeferredTax2022-12-3104491925ns5:DeferredTaxation2023-01-012023-12-3104491925ns5:DeferredTaxation2023-12-31
REGISTERED NUMBER: 04491925












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BLUEPATH LIMITED

BLUEPATH LIMITED (REGISTERED NUMBER: 04491925)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLUEPATH LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: K E Howe
Mrs R S Howe





SECRETARY: Mrs R S Howe





REGISTERED OFFICE: Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP





REGISTERED NUMBER: 04491925





ACCOUNTANTS: Hillier Hopkins Accountants Limited
Trading as Colin Gray & Co
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

BLUEPATH LIMITED (REGISTERED NUMBER: 04491925)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,052 16,924

CURRENT ASSETS
Debtors 5 32,199 33,565
Cash at bank 46,511 90,296
78,710 123,861
CREDITORS
Amounts falling due within one year 6 52,298 66,706
NET CURRENT ASSETS 26,412 57,155
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,464

74,079

CREDITORS
Amounts falling due after more than one
year

7

(26,058

)

(25,341

)

PROVISIONS FOR LIABILITIES 9 (11,030 ) -
NET ASSETS 47,376 48,738

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 47,276 48,638
SHAREHOLDERS' FUNDS 47,376 48,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

BLUEPATH LIMITED (REGISTERED NUMBER: 04491925)

BALANCE SHEET - continued
31 December 2023


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 2024 and were signed on its behalf by:




Mrs R S Howe - Director



K E Howe - Director


BLUEPATH LIMITED (REGISTERED NUMBER: 04491925)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Bluepath Limited is a private company, limited by shares , registered in Not specified/Other. 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 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

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.

Government grants
Grants relating to revenue are recognised as income in the period in which the related costs are incurred for which the grant is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

BLUEPATH LIMITED (REGISTERED NUMBER: 04491925)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 27,463
Additions 57,775
At 31 December 2023 85,238
DEPRECIATION
At 1 January 2023 10,539
Charge for year 16,647
At 31 December 2023 27,186
NET BOOK VALUE
At 31 December 2023 58,052
At 31 December 2022 16,924

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,415 32,781
Other debtors 6,784 784
32,199 33,565

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,592 9,500
Trade creditors 933 5,397
Taxation and social security 16,258 28,770
Other creditors 16,515 23,039
52,298 66,706

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 26,058 25,341

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 19,699 -

BLUEPATH LIMITED (REGISTERED NUMBER: 04491925)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 11,030 -

Deferred
tax
£   
Provided during year 11,030
Balance at 31 December 2023 11,030