2023-01-01 2023-12-31 false Capium Accounts Production 1.1 10538452 bus:AbridgedAccounts 2023-01-01 2023-12-31 10538452 bus:FRS102 2023-01-01 2023-12-31 10538452 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10538452 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10538452 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10538452 2023-01-01 2023-12-31 10538452 2023-12-31 10538452 bus:RegisteredOffice 2023-01-01 2023-12-31 10538452 core:WithinOneYear 2023-12-31 10538452 core:AfterOneYear 2023-12-31 10538452 bus:Director1 2023-01-01 2023-12-31 10538452 bus:Director1 2023-12-31 10538452 bus:Director1 2022-01-01 2022-12-31 10538452 2022-01-01 10538452 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 10538452 2022-01-01 2022-12-31 10538452 2022-12-31 10538452 core:WithinOneYear 2022-12-31 10538452 core:AfterOneYear 2022-12-31 10538452 bus:EntityAccountantsOrAuditors 2022-01-01 2022-12-31 10538452 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 10538452 bus:OrdinaryShareClass1 2023-12-31 10538452 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 10538452 bus:OrdinaryShareClass1 2022-12-31 10538452 core:PlantMachinery 2023-01-01 2023-12-31 10538452 core:PlantMachinery 2023-12-31 10538452 core:PlantMachinery 2022-12-31 10538452 core:MotorCars 2023-01-01 2023-12-31 10538452 core:MotorCars 2023-12-31 10538452 core:MotorCars 2022-12-31 10538452 core:ComputerEquipment 2023-01-01 2023-12-31 10538452 core:ComputerEquipment 2023-12-31 10538452 core:ComputerEquipment 2022-12-31 10538452 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-12-31 10538452 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-12-31 10538452 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 10538452 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 10538452 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-12-31 10538452 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 10538452 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 10538452 core:Non-currentFinancialInstruments 2023-12-31 10538452 core:Non-currentFinancialInstruments 2022-12-31 10538452 core:ShareCapital 2023-12-31 10538452 core:ShareCapital 2022-12-31 10538452 core:RetainedEarningsAccumulatedLosses 2023-12-31 10538452 core:RetainedEarningsAccumulatedLosses 2022-12-31 10538452 dpl:Item1 2023-01-01 10538452 dpl:Item1 2023-12-31 10538452 dpl:Item1 2022-01-01 10538452 dpl:Item1 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 10538452
England and Wales

 

 

 

HIVE GROUP LTD


Abridged Accounts
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of HIVE GROUP LTD for the year ended 31 December 2023 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the member of HIVE GROUP LTD, as a body, in accordance with the terms of our engagement letter dated 20 September 2024. Our work has been undertaken solely to prepare for your approval the accounts of HIVE GROUP LTD and state those matters that we have agreed to state to the Board ofs of HIVE GROUP LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HIVE GROUP LTD and its members as a body for our work or for this report.

It is your duty to ensure that HIVE GROUP LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and Loss of HIVE GROUP LTD. You consider that HIVE GROUP LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of HIVE GROUP LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................

SNP Plus Ltd

Accountants and Tax Advisors
284 Station Road
Harrow, London
HA1 2EA
20 September 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 580    720 
580    720 
Current assets      
Cash at bank and in hand 1,855    3,579 
Creditors: amount falling due within one year (4,951)   (5,285)
Net current assets (3,096)   (1,706)
 
Total assets less current liabilities (2,516)   (986)
Provisions for liabilities (110)   (137)
Net assets (2,626)   (1,123)
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account (2,726)   (1,223)
Shareholders' funds (2,626)   (1,123)
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 20 September 2024 and were signed by:


-------------------------------
Dasarath Gurung
Director
2
General Information
HIVE GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 10538452, registration address 284 Station Road, Harrow, London, HA1 2EA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The director believes that the company is expecting good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus he continues to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of trade discounts.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Straight Line
Motor Vehicles 20% Straight Line
Computer Equipment 25% Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 January 2023 1,038    1,450    374    2,862 
Additions      
Disposals      
At 31 December 2023 1,038    1,450    374    2,862 
Depreciation
At 01 January 2023 1,038    580    374    1,992 
Charge for year   290      290 
On disposals      
At 31 December 2023 1,038    870    374    2,282 
Net book values
Closing balance as at 31 December 2023   580      580 
Opening balance as at 01 January 2023 (150)   870      720 


4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

5.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2023
£
 2022
£
 2023
£
 2022
£
Mr. Dasarath Gurung4,351 4,685 
3