Registered number
12346344
The Hive Cheltenham Limited
Filleted Accounts
31 December 2023
The Hive Cheltenham Limited
Company Information
Director
Miss J Baker
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
24 Rodney Road
Cheltenham
Glos
Registered number
12346344
The Hive Cheltenham Limited
Registered number: 12346344
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 745 4,351
Current assets
Stocks 500 1,055
Debtors 4 829 3,965
Cash at bank and in hand 7,080 7,678
8,409 12,698
Creditors: amounts falling due within one year 5 (33,361) (14,667)
Net current liabilities (24,952) (1,969)
Total assets less current liabilities (24,207) 2,382
Creditors: amounts falling due after more than one year 6 (27,045) (9,736)
Net liabilities (51,252) (7,354)
Capital and reserves
Called up share capital 1 20,000
Profit and loss account (51,253) (27,354)
Shareholder's funds (51,252) (7,354)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs J Baker
Director
Approved by the board on 30 September 2024
The Hive Cheltenham Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings over 3 years
Computer equipment over 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 5
3 Tangible fixed assets
Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 1 January 2023 11,715 369 12,084
Additions 1,075 - 1,075
At 31 December 2023 12,790 369 13,159
Depreciation
At 1 January 2023 7,364 369 7,733
Charge for the year 4,681 - 4,681
At 31 December 2023 12,045 369 12,414
Net book value
At 31 December 2023 745 - 745
At 31 December 2022 4,351 - 4,351
4 Debtors 2023 2022
£ £
Trade debtors - 2,500
Other debtors 829 1,465
829 3,965
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 24,761 4,945
Other creditors 8,600 9,722
33,361 14,667
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 7,045 9,736
Intercompany loan 20,000 -
27,045 9,736
7 Contingent liabilities
The accounts have been prepared on the going concern basis which is dependent on the continuing financial support of the directors.
8 Controlling party
The company is controlled by the director.
9 Other information
The Hive Cheltenham Limited is a private company limited by shares and incorporated in England. Its registered office is:
24 Rodney Road
Cheltenham
Glos
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