2023-04-012024-03-312024-03-31false07725767SEA HIVES LTD2024-08-2872110iso4217:GBPxbrli:pure077257672023-04-01077257672024-03-31077257672023-04-012024-03-31077257672022-04-01077257672023-03-31077257672022-04-012023-03-3107725767bus:SmallEntities2023-04-012024-03-3107725767bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3107725767bus:FullAccounts2023-04-012024-03-3107725767bus:PrivateLimitedCompanyLtd2023-04-012024-03-3107725767core:WithinOneYear2024-03-3107725767core:AfterOneYear2024-03-3107725767core:WithinOneYear2023-03-3107725767core:AfterOneYear2023-03-3107725767core:ShareCapital2024-03-3107725767core:SharePremium2024-03-3107725767core:RevaluationReserve2024-03-3107725767core:OtherReservesSubtotal2024-03-3107725767core:RetainedEarningsAccumulatedLosses2024-03-3107725767core:ShareCapital2023-03-3107725767core:SharePremium2023-03-3107725767core:RevaluationReserve2023-03-3107725767core:OtherReservesSubtotal2023-03-3107725767core:RetainedEarningsAccumulatedLosses2023-03-3107725767core:LandBuildings2024-03-3107725767core:PlantMachinery2024-03-3107725767core:Vehicles2024-03-3107725767core:FurnitureFittings2024-03-3107725767core:OfficeEquipment2024-03-3107725767core:NetGoodwill2024-03-3107725767core:IntangibleAssetsOtherThanGoodwill2024-03-3107725767core:ListedExchangeTraded2024-03-3107725767core:UnlistedNon-exchangeTraded2024-03-3107725767core:LandBuildings2023-03-3107725767core:PlantMachinery2023-03-3107725767core:Vehicles2023-03-3107725767core:FurnitureFittings2023-03-3107725767core:OfficeEquipment2023-03-3107725767core:NetGoodwill2023-03-3107725767core:IntangibleAssetsOtherThanGoodwill2023-03-3107725767core:ListedExchangeTraded2023-03-3107725767core:UnlistedNon-exchangeTraded2023-03-3107725767core:LandBuildings2023-04-012024-03-3107725767core:PlantMachinery2023-04-012024-03-3107725767core:Vehicles2023-04-012024-03-3107725767core:FurnitureFittings2023-04-012024-03-3107725767core:OfficeEquipment2023-04-012024-03-3107725767core:NetGoodwill2023-04-012024-03-3107725767core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3107725767core:ListedExchangeTraded2023-04-012024-03-3107725767core:UnlistedNon-exchangeTraded2023-04-012024-03-3107725767core:MoreThanFiveYears2023-04-012024-03-3107725767core:Non-currentFinancialInstruments2024-03-3107725767core:Non-currentFinancialInstruments2023-03-3107725767dpl:CostSales2023-04-012024-03-3107725767dpl:DistributionCosts2023-04-012024-03-3107725767core:LandBuildings2023-04-012024-03-3107725767core:PlantMachinery2023-04-012024-03-3107725767core:Vehicles2023-04-012024-03-3107725767core:FurnitureFittings2023-04-012024-03-3107725767core:OfficeEquipment2023-04-012024-03-3107725767dpl:AdministrativeExpenses2023-04-012024-03-3107725767core:NetGoodwill2023-04-012024-03-3107725767core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3107725767dpl:GroupUndertakings2023-04-012024-03-3107725767dpl:ParticipatingInterests2023-04-012024-03-3107725767dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3107725767core:ListedExchangeTraded2023-04-012024-03-3107725767dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3107725767core:UnlistedNon-exchangeTraded2023-04-012024-03-3107725767dpl:CostSales2022-04-012023-03-3107725767dpl:DistributionCosts2022-04-012023-03-3107725767core:LandBuildings2022-04-012023-03-3107725767core:PlantMachinery2022-04-012023-03-3107725767core:Vehicles2022-04-012023-03-3107725767core:FurnitureFittings2022-04-012023-03-3107725767core:OfficeEquipment2022-04-012023-03-3107725767dpl:AdministrativeExpenses2022-04-012023-03-3107725767core:NetGoodwill2022-04-012023-03-3107725767core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3107725767dpl:GroupUndertakings2022-04-012023-03-3107725767dpl:ParticipatingInterests2022-04-012023-03-3107725767dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3107725767core:ListedExchangeTraded2022-04-012023-03-3107725767dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3107725767core:UnlistedNon-exchangeTraded2022-04-012023-03-3107725767core:NetGoodwill2024-03-3107725767core:IntangibleAssetsOtherThanGoodwill2024-03-3107725767core:LandBuildings2024-03-3107725767core:PlantMachinery2024-03-3107725767core:Vehicles2024-03-3107725767core:FurnitureFittings2024-03-3107725767core:OfficeEquipment2024-03-3107725767core:AfterOneYear2024-03-3107725767core:WithinOneYear2024-03-3107725767core:ListedExchangeTraded2024-03-3107725767core:UnlistedNon-exchangeTraded2024-03-3107725767core:ShareCapital2024-03-3107725767core:SharePremium2024-03-3107725767core:RevaluationReserve2024-03-3107725767core:OtherReservesSubtotal2024-03-3107725767core:RetainedEarningsAccumulatedLosses2024-03-3107725767core:NetGoodwill2023-03-3107725767core:IntangibleAssetsOtherThanGoodwill2023-03-3107725767core:LandBuildings2023-03-3107725767core:PlantMachinery2023-03-3107725767core:Vehicles2023-03-3107725767core:FurnitureFittings2023-03-3107725767core:OfficeEquipment2023-03-3107725767core:AfterOneYear2023-03-3107725767core:WithinOneYear2023-03-3107725767core:ListedExc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SEA HIVES LTD

Registered Number
07725767
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

SEA HIVES LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

David Francis

Registered Address

Walker House
Market Place
Somerton
TA11 7LZ

Place of Business

Palmers Close

Burnt House Lane

Long Sutton

TA10 9NG


Registered Number

07725767 (England and Wales)
SEA HIVES LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets38,1788,309
8,1788,309
Current assets
Stocks4277272
Cash at bank and on hand3,5013,740
3,7784,012
Creditors amounts falling due within one year5(30,580)(30,480)
Net current assets (liabilities)(26,802)(26,468)
Total assets less current liabilities(18,624)(18,159)
Net assets(18,624)(18,159)
Capital and reserves
Called up share capital102102
Profit and loss account(18,726)(18,261)
Shareholders' funds(18,624)(18,159)
The financial statements were approved and authorised for issue by the Director on 28 August 2024, and are signed on its behalf by:
David Francis
Director
Registered Company No. 07725767
SEA HIVES LTD
Notes to the Financial Statements
for the year ended 31 March 2024

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 sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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:
Stocks and work in progress
Stocks 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

20242023
Average number of employees during the year01
3.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Total

£££
Cost or valuation
At 01 April 237,9101,6549,564
At 31 March 247,9101,6549,564
Depreciation and impairment
At 01 April 23-1,2551,255
Charge for year-131131
At 31 March 24-1,3861,386
Net book value
At 31 March 247,9102688,178
At 31 March 237,9103998,309
4.Stocks

2024

2023

££
Raw materials and consumables277272
Total277272
5.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties29,96529,965
Accrued liabilities and deferred income615515
Total30,58030,480
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.