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REGISTERED NUMBER: 09932988








REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

THE MONEY HIVE LIMITED

THE MONEY HIVE LIMITED (REGISTERED NUMBER: 09932988)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 6


THE MONEY HIVE LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2023







DIRECTORS: Mr C Kilgour
Mr A Button





REGISTERED OFFICE: Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD





REGISTERED NUMBER: 09932988





ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD

THE MONEY HIVE LIMITED (REGISTERED NUMBER: 09932988)

REPORT OF THE DIRECTORS
for the Year Ended 30 April 2023

The directors present their report with the financial statements of the company for the year ended 30 April 2023.

DIRECTORS
The directors set out in the table below have held office during the whole of the period from 1 May 2022 to the date of this report.

The directors shown below were in office at 30 April 2023 but did not hold any interest in the Ordinary shares of £1.00 each at 1 May 2022 or 30 April 2023.

Mr C Kilgour
Mr A Button

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr C Kilgour - Director


31 January 2024

THE MONEY HIVE LIMITED (REGISTERED NUMBER: 09932988)

BALANCE SHEET
30 April 2023

30.4.23 30.4.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,995 7,993

CURRENT ASSETS
Debtors 5 76,365 138,967
Cash at bank 11,121 345
87,486 139,312
CREDITORS
Amounts falling due within one year 6 (92,109 ) (145,640 )
NET CURRENT LIABILITIES (4,623 ) (6,328 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,372

1,665

PROVISIONS FOR LIABILITIES (1,139 ) (1,519 )
NET ASSETS 233 146

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 133 46
SHAREHOLDERS' FUNDS 233 146

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

THE MONEY HIVE LIMITED (REGISTERED NUMBER: 09932988)

BALANCE SHEET - continued
30 April 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 31 January 2024 and were signed on its behalf by:




Mr C Kilgour - Director



Mr A Button - Director


THE MONEY HIVE LIMITED (REGISTERED NUMBER: 09932988)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

The Money Hive 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 - 25% 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
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

THE MONEY HIVE LIMITED (REGISTERED NUMBER: 09932988)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 4 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2022
and 30 April 2023 16,401
DEPRECIATION
At 1 May 2022 8,408
Charge for year 1,998
At 30 April 2023 10,406
NET BOOK VALUE
At 30 April 2023 5,995
At 30 April 2022 7,993

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 33,871 1
Amounts owed by group undertakings 38,857 138,966
Other debtors 3,637 -
76,365 138,967

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 2,186 6,578
Taxation and social security 83,946 88,153
Other creditors 5,977 50,909
92,109 145,640

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C Kilgour.