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
Hive Home and Landscape Ltd
Company Information
for the year ended 31 January 2024
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
Hive Home and Landscape Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
22,104
29,568
Cash at bank and in hand
2,123
9,983
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)
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
Hive Home and Landscape Ltd
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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
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.
The Director of the company is of the opinion that it is a going concern.
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
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
At 31 January 2024
362
21,508
234
22,104
At 31 January 2023
809
28,257
502
29,568
Amounts falling due within one year
Accrued income and prepayments
50,280
2,475
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
13,407
5,501
Obligations under finance leases and hire purchase contracts
5,332
4,911
Taxes and social security
1,759
5,068
Loans from directors
39,175
19,787
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.
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
Obligations under finance leases and hire purchase contracts
9,939
15,271
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.
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).