Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-11-01falseThe company's principal activities are those of commercial cleaning contractors.166182truetruefalse 10418437 2023-11-01 2024-10-31 10418437 2022-11-01 2023-10-31 10418437 2024-10-31 10418437 2023-10-31 10418437 c:Director1 2023-11-01 2024-10-31 10418437 d:PlantMachinery 2023-11-01 2024-10-31 10418437 d:PlantMachinery 2024-10-31 10418437 d:PlantMachinery 2023-10-31 10418437 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10418437 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 10418437 d:MotorVehicles 2023-11-01 2024-10-31 10418437 d:MotorVehicles 2024-10-31 10418437 d:MotorVehicles 2023-10-31 10418437 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10418437 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 10418437 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10418437 d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 10418437 d:CurrentFinancialInstruments 2024-10-31 10418437 d:CurrentFinancialInstruments 2023-10-31 10418437 d:Non-currentFinancialInstruments 2024-10-31 10418437 d:Non-currentFinancialInstruments 2023-10-31 10418437 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 10418437 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 10418437 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 10418437 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 10418437 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-10-31 10418437 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 10418437 d:ShareCapital 2024-10-31 10418437 d:ShareCapital 2023-10-31 10418437 d:RetainedEarningsAccumulatedLosses 2024-10-31 10418437 d:RetainedEarningsAccumulatedLosses 2023-10-31 10418437 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 10418437 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 10418437 c:OrdinaryShareClass1 2023-11-01 2024-10-31 10418437 c:OrdinaryShareClass1 2024-10-31 10418437 c:OrdinaryShareClass1 2023-10-31 10418437 c:FRS102 2023-11-01 2024-10-31 10418437 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 10418437 c:FullAccounts 2023-11-01 2024-10-31 10418437 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10418437 d:WithinOneYear 2024-10-31 10418437 d:WithinOneYear 2023-10-31 10418437 d:BetweenOneFiveYears 2024-10-31 10418437 d:BetweenOneFiveYears 2023-10-31 10418437 d:HirePurchaseContracts d:WithinOneYear 2024-10-31 10418437 d:HirePurchaseContracts d:WithinOneYear 2023-10-31 10418437 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-10-31 10418437 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-10-31 10418437 2 2023-11-01 2024-10-31 10418437 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10418437









HIVE CLEANING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
HIVE CLEANING LIMITED
REGISTERED NUMBER: 10418437

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
184,436
201,505

Current assets
  

Stocks
  
32,500
25,400

Debtors: amounts due within one year
 5 
254,868
266,736

Bank and cash balances
  
318,906
381,043

  
606,274
673,179

Current liabilities
  

Creditors: amounts due within one year
 6 
(591,432)
(538,730)

Net current assets
  
 
 
14,842
 
 
134,449

Total assets less current liabilities
  
199,278
335,954

Creditors: amounts falling due after more than one year
 7 
(131,511)
(152,070)

Provisions for liabilities
  

Deferred tax
 10 
(46,100)
(50,400)

Net assets
  
21,667
133,484


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
21,567
133,384

  
21,667
133,484


Page 1

 
HIVE CLEANING LIMITED
REGISTERED NUMBER: 10418437
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 June 2025.



L Beaumont
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
HIVE CLEANING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Hive Cleaning Limited is a private company limited by shares and incorporated in England. Its registered office is 124 Finchley Road, London, NW3 5JS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The company's functional and presentational currency is GBP.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover represents the amount receivable for services supplied. It is recognised in the period in which the services are provided to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Page 3

 
HIVE CLEANING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

Provision is made for deferred tax liabilities in respect of the taxation effect of timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Equipment
-
25%
Reducing balance.
Motor vehicles
-
25%
Reducing balance.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value.

 
2.9

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
HIVE CLEANING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

  
2.12

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable.


3.


Employees

The average monthly number of employees, including directors, during the year was 166 (2023 - 182).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost


At 1 November 2023
218,467
104,195
322,662


Additions
38,301
-
38,301



At 31 October 2024

256,768
104,195
360,963



Depreciation


At 1 November 2023
91,700
29,457
121,157


Charge for the year on owned assets
36,685
1,614
38,299


Charge for the year on financed assets
-
17,071
17,071



At 31 October 2024

128,385
48,142
176,527



Net book value



At 31 October 2024
128,383
56,053
184,436



At 31 October 2023
126,767
74,738
201,505

Page 5

 
HIVE CLEANING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
193,024
201,762

Other debtors
43,084
49,137

Prepayments and accrued income
18,760
15,837

254,868
266,736



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
30,000
30,000

Other loans
19,302
14,478

Trade creditors
165,275
94,396

Other taxation and social security
315,599
338,873

Obligations under finance lease and hire purchase contracts
16,735
16,735

Other creditors
44,521
44,248

591,432
538,730



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
17,500
47,500

Other loans
91,698
65,522

Net obligations under finance leases and hire purchase contracts
22,313
39,048


Bank loan is secured by way of fixed and floating charge over all assets of the company.

Page 6

 
HIVE CLEANING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
30,000
30,000

Other loans
19,302
14,478

Amounts falling due 2-5 years

Bank loans
17,500
47,500

Other loans
91,698
65,522

158,500
157,500



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
16,735
16,735

Between 1-5 years
22,313
39,048

39,048
55,783


10.


Deferred taxation




2024


£






At beginning of year
(50,400)


Charged to profit or loss
4,300



At end of year
(46,100)

Page 7

 
HIVE CLEANING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
 
10.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
46,100
50,400

46,100
50,400


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



12.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £101,208 (2023 - £52,854). Contributions totalling £24,223 (2022 - £33,076) were payable to the fund at the balance sheet date and are included in creditors.


13.


Commitments under operating leases

At 31 October 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
53,775
53,775

Later than 1 year and not later than 5 years
31,369
85,144

85,144
138,919


14.


Controlling party

At 31 October 2024 the company was controlled by the directors, who between them owned a controlling interest in the company's issued share capital.
 
Page 8