IRIS Accounts Production v25.1.0.734 12436974 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh124369742023-07-31124369742024-07-31124369742023-08-012024-07-31124369742022-07-31124369742022-08-012023-07-31124369742023-07-3112436974ns15:EnglandWales2023-08-012024-07-3112436974ns14:PoundSterling2023-08-012024-07-3112436974ns10:Director12023-08-012024-07-3112436974ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3112436974ns10:SmallEntities2023-08-012024-07-3112436974ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3112436974ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3112436974ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3112436974ns10:FullAccounts2023-08-012024-07-3112436974ns10:Director22023-08-012024-07-3112436974ns10:Director32023-08-012024-07-3112436974ns10:Director42023-08-012024-07-3112436974ns10:RegisteredOffice2023-08-012024-07-3112436974ns5:CurrentFinancialInstruments2024-07-3112436974ns5:CurrentFinancialInstruments2023-07-3112436974ns5:ShareCapital2024-07-3112436974ns5:ShareCapital2023-07-3112436974ns5:RetainedEarningsAccumulatedLosses2024-07-3112436974ns5:RetainedEarningsAccumulatedLosses2023-07-3112436974ns5:PlantMachinery2023-08-012024-07-3112436974ns5:PlantMachinery2024-07-31
REGISTERED NUMBER: 12436974 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

HIVE LEGAL LTD

HIVE LEGAL LTD (REGISTERED NUMBER: 12436974)






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 LEGAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: M Corbett
Mrs N Corbett
A Kwan
Ms H Bardsley





REGISTERED OFFICE: Units 115-119 Timber Wharf
42-50 Worsley Street
Castlefield
Manchester
M15 4LD





REGISTERED NUMBER: 12436974 (England and Wales)





ACCOUNTANTS: D.R.E. & Co. Limited
Chartered Accountants
Kingsland House
39 Abbey Foregate
Shrewsbury
Shropshire
SY2 6BL

HIVE LEGAL LTD (REGISTERED NUMBER: 12436974)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 12,374 -

CURRENT ASSETS
Debtors 6 311,364 340,684
Cash at bank 1,643 4,272
313,007 344,956
CREDITORS
Amounts falling due within one year 7 206,611 278,672
NET CURRENT ASSETS 106,396 66,284
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,770

66,284

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 118,670 66,184
118,770 66,284

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 28 April 2025 and were signed on its behalf by:





A Kwan - Director


HIVE LEGAL LTD (REGISTERED NUMBER: 12436974)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Hive Legal Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements are for the individual entity only.

The financial statements are presented in Sterling (£), rounded to the nearest £1.

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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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.


HIVE LEGAL LTD (REGISTERED NUMBER: 12436974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 24 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 13,951
At 31 July 2024 13,951
DEPRECIATION
Charge for year 1,577
At 31 July 2024 1,577
NET BOOK VALUE
At 31 July 2024 12,374

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Amounts owed by related entities 311,364 340,684

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 8,600 13,030
Tax 9,980 27,318
Social security and other taxes 140,645 182,172
Other creditors 6,153 6,652
Directors' current accounts 35,950 45,030
Accrued expenses 5,283 4,470
206,611 278,672

HIVE LEGAL LTD (REGISTERED NUMBER: 12436974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. RELATED PARTY DISCLOSURES

Included within other debtors due within one year is a a balance of £80,408 (2023: £53,372) due from a company connected by common control.
During the year Hive Legal Ltd made sales of £43,171 (2023: £54,401).

Included within other debtors due within one year is a a balance of £92,429 (2023: £111,087) due from a company connected by common control.
During the year Hive Legal Ltd made sales of £800,848 (2023: £721,470).

Included within other debtors due within one year is a a balance of £138,527 (2023: £176,225) due from a company connected by common control.
During the year Hive Legal Ltd made sales of £182,114 (2023: £218,526).

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs N Corbett by virtue of her shareholding.