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Company Registration No. 12396959 (England and Wales)
Hive Home and Landscape Ltd Unaudited accounts for the year ended 31 January 2024
Hive Home and Landscape Ltd Unaudited accounts Contents
Page
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Hive Home and Landscape Ltd Company Information for the year ended 31 January 2024
Director
Tony Piagesti
Company Number
12396959 (England and Wales)
Registered Office
Anumerate Office 2.05, Clockwise Old Town Hall, 30 Tweedy Road Bromley BR1 3FE
Accountants
Anumerate Limited Office 2.05, Clockwise Old Town Hall 30 Tweedy Road Bromley BR13FE
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Hive Home and Landscape Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,104 
29,568 
Current assets
Debtors
50,964 
2,475 
Cash at bank and in hand
2,123 
9,983 
53,087 
12,458 
Creditors: amounts falling due within one year
(62,636)
(36,096)
Net current liabilities
(9,549)
(23,638)
Total assets less current liabilities
12,555 
5,930 
Creditors: amounts falling due after more than one year
(13,964)
(32,805)
Net liabilities
(1,409)
(26,875)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(1,410)
(26,876)
Shareholders' funds
(1,409)
(26,875)
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2024 and were signed on its behalf by
Tony Piagesti Director Company Registration No. 12396959
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Hive Home and Landscape Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Hive Home and Landscape Ltd is a private company, limited by shares, registered in England and Wales, registration number 12396959. The registered office is Anumerate Office 2.05, Clockwise, Old Town Hall, 30 Tweedy Road, Bromley, BR1 3FE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Computer equipment
25% straight line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Going concern
The Director of the company is of the opinion that it is a going concern.
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Hive Home and Landscape Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
1,790 
33,744 
1,070 
36,604 
At 31 January 2024
1,790 
33,744 
1,070 
36,604 
Depreciation
At 1 February 2023
981 
5,487 
568 
7,036 
Charge for the year
447 
6,749 
268 
7,464 
At 31 January 2024
1,428 
12,236 
836 
14,500 
Net book value
At 31 January 2024
362 
21,508 
234 
22,104 
At 31 January 2023
809 
28,257 
502 
29,568 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
684 
- 
Accrued income and prepayments
50,280 
2,475 
50,964 
2,475 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
13,407 
5,501 
VAT
2,788 
637 
Obligations under finance leases and hire purchase contracts
5,332 
4,911 
Trade creditors
42 
70 
Taxes and social security
1,759 
5,068 
Loans from directors
39,175 
19,787 
Accruals
133 
122 
62,636 
36,096 
Long term creditors include a government-backed Bounce Back Loan of £37,500 and HP loan agreement of £21,728.70. The BBL loan incurs interest at 2.5% per year and the repayment terms are 5 years. Loan repayments commenced in June 2021 and the loan repayment capital balance due within the next 12 months amounts to £13,407 (2023: £5,501) which includes an additional capital repayment of £10,000, excluding interest charges, and is shown within Creditors Due Within One Year above. The HP loan incurs interest at 17.93% per year and the repayment terms are 4 years. Loan repayments commenced in October 2022 and the loan repayment capital balance due within the next 12 months amounts to £5,332 (2023: £4,911), excluding interest charges, and is shown within Creditors Due Within One Year above.
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Hive Home and Landscape Ltd Notes to the Accounts for the year ended 31 January 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,025 
17,534 
Obligations under finance leases and hire purchase contracts
9,939 
15,271 
13,964 
32,805 
Long term creditors include a government-backed Bounce Back Loan of £37,500 and HP loan agreement of £21,728.70. The BBL loan incurs interest at 2.5% per year and the repayment terms are 5 years. Loan repayments commenced in June 2021 and the loan repayment capital balance due after 12 months amounts to £4,025 (2023: £17,534), excluding interest charges, and is shown within Creditors Due After One Year above. The HP loan incurs interest at 17.93% per year and the repayment terms are 4 years. Loan repayments commenced in October 2022 and the loan repayment capital balance due after the next 12 months amounts to £9,938 (2023: £15,271) excluding interest charges, and is shown within Creditors Due AFter One Year above.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Transactions with related parties
The Director is a related party of the Company and loans with the Director are set out in creditors above. Loans from the Director are unsecured, interest-free and have no fixed terms of repayment.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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