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REGISTERED NUMBER: 07300106 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28 FEBRUARY 2023

FOR

HIVE STORE LIMITED

HIVE STORE LIMITED (REGISTERED NUMBER: 07300106)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HIVE STORE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mr J J Little
Mr A T Little
Mrs Y J Stafford





REGISTERED OFFICE: 1 Whittle Drive
Eastbourne
East Sussex
BN23 6QH





REGISTERED NUMBER: 07300106 (England and Wales)





INDEPENDENT AUDITORS: Honey Barrett Limited
Chartered Accountants and Statutory Auditors
53 Gildredge Road
Eastbourne
East Sussex
BN21 4SF

HIVE STORE LIMITED (REGISTERED NUMBER: 07300106)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 6 151,472 135,942
Cash at bank 277,698 436,179
429,170 572,121
CREDITORS
Amounts falling due within one year 7 134,669 245,373
NET CURRENT ASSETS 294,501 326,748
TOTAL ASSETS LESS CURRENT
LIABILITIES

294,501

326,748

CAPITAL AND RESERVES
Called up share capital 9 100,000 100,000
Retained earnings 194,501 226,748
SHAREHOLDERS' FUNDS 294,501 326,748

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2023 and were signed on its behalf by:




Mr J J Little - Director



Mr A T Little - Director


HIVE STORE LIMITED (REGISTERED NUMBER: 07300106)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Hive Store 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has the adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover represents the invoiced value of books and entertainment sold during the year. Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when significant risks and rewards of ownership have transferred to the buyer, which is considered to be on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

HIVE STORE LIMITED (REGISTERED NUMBER: 07300106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.


HIVE STORE LIMITED (REGISTERED NUMBER: 07300106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

4. EMPLOYEES AND DIRECTORS

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

5. AUDITORS' REMUNERATION
2023 2022
£    £   
Fees payable to the company's auditors for the audit of the
company's financial statements

6,250

5,700

HIVE STORE LIMITED (REGISTERED NUMBER: 07300106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 52,742 43,843
VAT 29,975 42,065
Prepayments & accrued income 54,059 32,111
136,776 118,019

Amounts falling due after more than one year:
Deferred tax asset
Accelerated capital allowances 14,696 17,923
14,696 17,923

Aggregate amounts 151,472 135,942

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,552 11,472
Amounts owed to group undertakings 103,683 201,009
Corporation tax - 10
Accruals and deferred income 25,434 32,882
134,669 245,373

8. DEFERRED TAX
£   
Balance at 1 March 2022 (17,923 )
Provided during year 3,227
Deferred tax
Balance at 28 February 2023 (14,696 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100,000 Ordinary £1 100,000 100,000

HIVE STORE LIMITED (REGISTERED NUMBER: 07300106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Louise Underdown ACA (Senior Statutory Auditor)
for and on behalf of Honey Barrett Limited

11. RELATED PARTY DISCLOSURES

Related companies
Other trading companies within The Little Group are:

Askews and Holts Library Services Ltd
A T Little and Sons Limited
Book Protectors and Co. Limited
Gardners Books Limited
Lasgo Chrysalis Limited
All Media Supply LLC
Gardners EU SAS
Baker & Taylor (UK) Ltd
Gardners US LLC

All the above companies are wholly owned subsidiaries of The Little Group Limited at 28 February 2023.

The company has taken advantage of the exemption conferred by Section 1 FRS102 from disclosing transactions covered by Section 33 FRS102, namely any entered into between two or more members of the group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

12. ULTIMATE CONTROLLING PARTY

The ultimate parent company of Hive Store Limited is The Little Group Limited.

The smallest and largest group into which Hive Store Ltd is consolidated is that of The Little Group Limited, the ultimate parent company. The Little Group Limited is a company registered in the United Kingdom, with a registered office of 1 Whittle Drive, Eastbourne, BN23 6QH. Its group financial statements can be obtained from Companies House, Crown Way, Cardiff.

The directors consider that the Little family possess ultimate control of the company.