HIVE STRUCTURE LTD


Directors	William Bennett
	Stuart Andrew McNeil Hall
	Edward Gregory Mather


Registered Address	The Wine Store Brewery Court
	Theale
	Reading
	RG7 5AJ


Registered Number	12127423 (England and Wales)

Balance Sheet as at
31 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		9,977		15,912
			9,977		15,912
Current assets
Stocks	4	153,401		140,754
Debtors	5	446,096		466,631
Cash at bank and on hand		-		4
		599,497		607,389
Creditors amounts falling due within one year	6	(617,620)		(626,891)
Net current assets (liabilities)			(18,123)		(19,502)
Total assets less current liabilities			(8,146)		(3,590)
Creditors amounts falling due after one year	7		-		(8,773)
Provisions for liabilities	8		(1,896)		(3,023)
Net assets			(10,042)		(15,386)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(10,142)		(15,486)
Shareholders' funds			(10,042)		(15,386)

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 30 July 2026, and are signed on its behalf by:

William Bennett
Director
Registered Company No. 12127423

HIVE STRUCTURE LTD

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from rendering of services
	Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	4
	Vehicles	8
	Office Equipment	4

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 August 24	14,607	21,803	295	36,705
Disposals	(1,311)	-	(169)	(1,480)
At 31 July 25	13,296	21,803	126	35,225
Depreciation and impairment
At 01 August 24	10,314	10,219	260	20,793
Charge for year	3,113	2,726	35	5,874
On disposals	(1,250)	-	(169)	(1,419)
At 31 July 25	12,177	12,945	126	25,248
Net book value
At 31 July 25	1,119	8,858	-	9,977
At 31 July 24	4,293	11,584	35	15,912

4.	Stocks

	2025	2024
	£	£
Work in progress	153,401	140,754
Total	153,401	140,754

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by group undertakings	-	21,283
Other debtors	748	-
Prepayments and accrued income	445,348	445,348
Total	446,096	466,631

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	1,509	1,246
Bank borrowings and overdrafts	8,778	10,289
Amounts owed to related parties	596,583	476,497
Taxation and social security	132	1,739
Other creditors	129	115,880
Accrued liabilities and deferred income	10,489	21,240
Total	617,620	626,891


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	8,773
Total	-	8,773

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	1,896	3,023
Total	1,896	3,023