Blueway One Way Limited Filleted Accounts Cover
Blueway One Way Limited
Company No. 06414579
Information for Filing with The Registrar
30 December 2023
Blueway One Way Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 30 December 2023.
Principal activities
The principal activity of the company during the year under review was events production.
Directors
The Directors who served at any time during the year were as follows:
J.P. Hodgson
K.L. Jenkins
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
K.L. Jenkins
Company Secretary
27 January 2025
Blueway One Way Limited Balance Sheet Registrar
at
30 December 2023
Company No.
06414579
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
24,38924,873
24,38924,873
Current assets
Debtors
5
660,421501,206
Cash at bank and in hand
171,720285,135
832,141786,341
Creditors: Amount falling due within one year
6
(692,748)
(805,836)
Net current assets/(liabilities)
139,393
(19,495)
Total assets less current liabilities
163,7825,378
Net assets
163,7825,378
Capital and reserves
Called up share capital
22
Profit and loss account
8
163,7805,376
Total equity
163,7825,378
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 27 January 2025 and signed on its behalf by:
K.L. Jenkins
Director
27 January 2025
Blueway One Way Limited Notes to the Accounts Registrar
for the year ended 30 December 2023
1
General information
Blueway One Way Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 06414579
Its registered office is:
Unit 8 Elm Court
Newbridge Road
Ellesmere Port
CH65 4LY
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Furniture, fittings and equipment
25% Reducing balance
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Tangible fixed assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost or revaluation
At 31 December 2022
249,98413,325263,309
Additions
7,646-7,646
At 30 December 2023
257,63013,325270,955
Depreciation
At 31 December 2022
226,11112,325238,436
Charge for the year
7,8802508,130
At 30 December 2023
233,99112,575246,566
Net book values
At 30 December 2023
23,63975024,389
At 30 December 2022
23,873
1,000
24,873
5
Debtors
2023
2022
£
£
Trade debtors
341,316170,215
Corporation tax recoverable
78,67681,591
Loans to directors
240,429249,400
660,421501,206
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
-
(19)
Trade creditors
79,172475,323
Taxes and social security
612,326
328,434
Accruals and deferred income
1,2502,098
692,748805,836
7
Share Capital
£1 Ordinary shares
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
9
Advances and credits to directors
2023
£
At 31 December 2022
249,400
Advanced in the period
0
Amounts repaid in the period
8,971
At 30 December 2023
240,429
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