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REGISTERED NUMBER: 11441318 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Hive Labs Ltd

Hive Labs Ltd (Registered number: 11441318)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hive Labs Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: L Bowmer





SECRETARY: L Bowmer





REGISTERED OFFICE: 2 Heap Bridge
Bury
Lancashire
BL9 7HR





REGISTERED NUMBER: 11441318 (England and Wales)





ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR

Hive Labs Ltd (Registered number: 11441318)

Balance Sheet
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 20,714 28,572

CURRENT ASSETS
Debtors 6 16,215 6,534
Cash at bank 654 498
16,869 7,032
CREDITORS
Amounts falling due within one year 7 (30,829 ) (22,983 )
NET CURRENT LIABILITIES (13,960 ) (15,951 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,754

12,621

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 6,654 12,521
SHAREHOLDERS' FUNDS 6,754 12,621

Hive Labs Ltd (Registered number: 11441318)

Balance Sheet - continued
31 October 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 19 February 2024 and were signed by:





L Bowmer - Director


Hive Labs Ltd (Registered number: 11441318)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
2 Heap Bridge
Bury
Lancashire
BL9 7HR

The principal place of its business is:
4 St Chads court
School Lane
Rochdale
Lancashire
OL16 1QU

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.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Hive Labs Ltd (Registered number: 11441318)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022 3,129 50,660 53,789
Additions - 1,540 1,540
At 31 October 2023 3,129 52,200 55,329
DEPRECIATION
At 1 November 2022 2,139 23,078 25,217
Charge for year 247 9,151 9,398
At 31 October 2023 2,386 32,229 34,615
NET BOOK VALUE
At 31 October 2023 743 19,971 20,714
At 31 October 2022 990 27,582 28,572

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,215 6,534

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,521 9,916
Trade creditors 48 2,055
Taxation and social security 8,223 6,455
Other creditors 15,037 4,557
30,829 22,983

8. CALLED UP SHARE CAPITAL

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