B-HIVE INNOVATIONS LIMITED

Company Registration Number:
10695004 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

B-HIVE INNOVATIONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Notes

B-HIVE INNOVATIONS LIMITED

Balance sheet

As at 31 July 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 100,261 100,261
Total fixed assets: 100,261 100,261
Current assets
Debtors:   1,965,095 2,092,232
Cash at bank and in hand: 251,979 169,817
Total current assets: 2,217,074 2,262,049
Creditors: amounts falling due within one year:   (123,912) (169,218)
Net current assets (liabilities): 2,093,162 2,092,831
Total assets less current liabilities: 2,193,423 2,193,092
Creditors: amounts falling due after more than one year:   (100,261) (100,261)
Total net assets (liabilities): 2,093,162 2,092,831
Capital and reserves
Called up share capital: 200 200
Other reserves: 1,890,000 1,890,000
Profit and loss account: 202,962 202,631
Shareholders funds: 2,093,162 2,092,831

The notes form part of these financial statements

B-HIVE INNOVATIONS LIMITED

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 November 2023
and signed on behalf of the board by:

Name: Joanne Hill
Status: Director

The notes form part of these financial statements

B-HIVE INNOVATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

B-HIVE INNOVATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

2. Employees

2023 2022
Average number of employees during the period 21 21

B-HIVE INNOVATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Intangible Assets

Total
Cost £
At 01 August 2022 100,261
At 31 July 2023 100,261
Net book value
At 31 July 2023 100,261
At 31 July 2022 100,261

B-HIVE INNOVATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Related party transactions

Name of the related party: Branston Limited
Relationship:
Receiver of R&D services
Description of the Transaction: B-hive Innovations Limited provide research and development activity to Branston Limited, a related party by way of share ownership and control. In the year ending 31 July 2023 B-hive Innovations Limited have received from Branston Limited £582,000 (2022: £665,000) for R&D and consultancy services, these amounts have been expensed to administrative expenses in Branston Limited, £58,000 (2022: £12,000) was owed at year end from Branston.
£
Balance at 01 August 2022 12,000
Balance at 31 July 2023 58,000