2022-08-012023-07-312023-07-31false12127423HIVE STRUCTURE 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HIVE STRUCTURE LTD

Registered Number
12127423
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2023

HIVE STRUCTURE LTD
Company Information
for the year from 1 August 2022 to 31 July 2023

Directors

BENNETT, William
HALL, Stuart Andrew Mcneil
MATHER, Edward Gregory

Registered Address

The Wine Store Brewery Court
Theale
Reading
RG7 5AJ

Registered Number

12127423 (England and Wales)
HIVE STRUCTURE LTD
Balance Sheet as at
31 July 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets322,31628,767
22,31628,767
Current assets
Stocks4106,38963,915
Debtors472,728536,409
Cash at bank and on hand2,577199
581,694600,523
Creditors amounts falling due within one year5(586,892)(596,509)
Net current assets (liabilities)(5,198)4,014
Total assets less current liabilities17,11832,781
Creditors amounts falling due after one year6(19,062)(29,098)
Provisions for liabilities7(4,240)(5,466)
Net assets(6,184)(1,783)
Capital and reserves
Called up share capital100100
Profit and loss account(6,284)(1,883)
Shareholders' funds(6,184)(1,783)
The financial statements were approved and authorised for issue by the Board of Directors on 29 July 2024, and are signed on its behalf by:
BENNETT, William
Director
Registered Company No. 12127423
HIVE STRUCTURE LTD
Notes to the Financial Statements
for the year ended 31 July 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Vehicles8
Office Equipment4
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 August 2214,60721,80329536,705
At 31 July 2314,60721,80329536,705
Depreciation and impairment
At 01 August 223,0434,7691267,938
Charge for year3,6522,725746,451
At 31 July 236,6957,49420014,389
Net book value
At 31 July 237,91214,3099522,316
At 31 July 2211,56417,03416928,767
4.Stocks

2023

2022

££
Work in progress106,38963,915
Total106,38963,915
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables7,198-
Bank borrowings and overdrafts10,0359,788
Amounts owed to related parties428,054395,435
Taxation and social security5,23425,699
Other creditors115,131144,347
Accrued liabilities and deferred income21,24021,240
Total586,892596,509
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts19,06229,098
Total19,06229,098
7.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)4,2405,466
Total4,2405,466