IRIS Accounts Production v24.1.9.2 12354636 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 Ordinary D 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh123546362022-12-31123546362023-12-31123546362023-01-012023-12-31123546362021-12-31123546362022-01-012022-12-31123546362022-12-3112354636ns15:EnglandWales2023-01-012023-12-3112354636ns14:PoundSterling2023-01-012023-12-3112354636ns10:Director12023-01-012023-12-3112354636ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3112354636ns10:SmallEntities2023-01-012023-12-3112354636ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3112354636ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3112354636ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3112354636ns10:AbridgedAccounts2023-01-012023-12-3112354636ns10:OrdinaryShareClass12023-01-012023-12-3112354636ns10:OrdinaryShareClass22023-01-012023-12-3112354636ns10:OrdinaryShareClass32023-01-012023-12-3112354636ns10:OrdinaryShareClass42023-01-012023-12-3112354636ns10:OrdinaryShareClass52023-01-012023-12-3112354636ns10:Director22023-01-012023-12-3112354636ns10:Director32023-01-012023-12-3112354636ns10:Director42023-01-012023-12-3112354636ns10:RegisteredOffice2023-01-012023-12-3112354636ns5:CurrentFinancialInstruments2023-12-3112354636ns5:CurrentFinancialInstruments2022-12-3112354636ns5:ShareCapital2023-12-3112354636ns5:ShareCapital2022-12-3112354636ns5:RetainedEarningsAccumulatedLosses2023-12-3112354636ns5:RetainedEarningsAccumulatedLosses2022-12-3112354636ns5:FurnitureFittings2023-01-012023-12-3112354636ns5:ComputerEquipment2023-01-012023-12-3112354636ns5:WithinOneYear2023-12-3112354636ns5:WithinOneYear2022-12-3112354636ns5:BetweenOneFiveYears2023-12-3112354636ns5:BetweenOneFiveYears2022-12-3112354636ns5:AllPeriods2023-12-3112354636ns5:AllPeriods2022-12-3112354636ns10:OrdinaryShareClass12023-12-3112354636ns10:OrdinaryShareClass22023-12-3112354636ns10:OrdinaryShareClass32023-12-3112354636ns10:OrdinaryShareClass42023-12-3112354636ns10:OrdinaryShareClass52023-12-31
REGISTERED NUMBER: 12354636 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HIVE PROJECTS LIMITED

HIVE PROJECTS LIMITED (REGISTERED NUMBER: 12354636)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HIVE PROJECTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: P Roberts
Mrs E Hartley
Ms M K Colwell
C J Waine





REGISTERED OFFICE: 2nd Floor
Bond (Bruntwood)
38-42 Mosley Street
Manchester
M2 3AZ





REGISTERED NUMBER: 12354636 (England and Wales)





ACCOUNTANTS: Moss & Williamson Limited
Chartered Accountants
3 Mellor Road
Cheadle Hulme
Cheadle
Cheshire
SK8 5AT

HIVE PROJECTS LIMITED (REGISTERED NUMBER: 12354636)

ABRIDGED BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 23,254 11,290

CURRENT ASSETS
Debtors 1,276,187 546,150
Cash at bank and in hand 340,967 104,489
1,617,154 650,639
CREDITORS
Amounts falling due within one year (1,167,981 ) (357,782 )
NET CURRENT ASSETS 449,173 292,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

472,427

304,147

CAPITAL AND RESERVES
Called up share capital 7 8 8
Retained earnings 472,419 304,139
SHAREHOLDERS' FUNDS 472,427 304,147

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

HIVE PROJECTS LIMITED (REGISTERED NUMBER: 12354636)

ABRIDGED BALANCE SHEET - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 August 2024 and were signed on its behalf by:





P Roberts - Director


HIVE PROJECTS LIMITED (REGISTERED NUMBER: 12354636)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Hive Projects 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.

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 - 15% on reducing balance
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 16 ) .

HIVE PROJECTS LIMITED (REGISTERED NUMBER: 12354636)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 36,354
Additions 29,306
At 31 December 2023 65,660
DEPRECIATION
At 1 January 2023 25,064
Charge for year 17,342
At 31 December 2023 42,406
NET BOOK VALUE
At 31 December 2023 23,254
At 31 December 2022 11,290

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 79,218 3,775
Between one and five years 316,871 -
396,089 3,775

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
4 Ordinary £1 4 4
8 8