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REGISTERED NUMBER: 13173179 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Hive Services Group Limited

Hive Services Group Limited (Registered number: 13173179)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hive Services Group Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: P J Davis-Moull
J A Cottee
A S Burbridge
M D A Lubbock
A S McCarthy
A J Mulraney





REGISTERED OFFICE: Suite D
South Cambridge Business Park
Babraham Road, Sawston
Cambridge
Cambridgeshire
CB22 3JH





REGISTERED NUMBER: 13173179 (England and Wales)





ACCOUNTANTS: Tyrrell Accountants
Unit D
South Cambs Business Park
Sawston
Cambridge
Cambridgeshire
CB22 3JH

Hive Services Group Limited (Registered number: 13173179)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,197 21,069

CURRENT ASSETS
Debtors 5 240,093 456,226
Cash at bank 274,483 185,208
514,576 641,434
CREDITORS
Amounts falling due within one year 6 317,728 474,017
NET CURRENT ASSETS 196,848 167,417
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,045

188,486

PROVISIONS FOR LIABILITIES 4,230 5,057
NET ASSETS 209,815 183,429

CAPITAL AND RESERVES
Called up share capital 568 852
Retained earnings 209,247 182,577
209,815 183,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:



P J Davis-Moull - Director


Hive Services Group Limited (Registered number: 13173179)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Hive Services Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 17 ) .

Hive Services Group Limited (Registered number: 13173179)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 45,309
Additions 3,840
At 31 July 2024 49,149
DEPRECIATION
At 1 August 2023 24,240
Charge for year 7,712
At 31 July 2024 31,952
NET BOOK VALUE
At 31 July 2024 17,197
At 31 July 2023 21,069

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 206,905 419,814
Other debtors 33,188 36,412
240,093 456,226

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 66,450 155,697
Taxation and social security 184,427 204,595
Other creditors 66,851 113,725
317,728 474,017