Chive Inc Ltd 07780010 false 2024-06-01 2025-05-31 2025-05-31 The principal activity of the company is trading in glass and ceramic floral accessories. Digita Accounts Production Advanced 6.30.9574.0 true true 07780010 2024-06-01 2025-05-31 07780010 2025-05-31 07780010 core:RetainedEarningsAccumulatedLosses 2025-05-31 07780010 core:ShareCapital 2025-05-31 07780010 core:CurrentFinancialInstruments 2025-05-31 07780010 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 07780010 bus:SmallEntities 2024-06-01 2025-05-31 07780010 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 07780010 bus:FilletedAccounts 2024-06-01 2025-05-31 07780010 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 07780010 bus:RegisteredOffice 2024-06-01 2025-05-31 07780010 bus:Director1 2024-06-01 2025-05-31 07780010 bus:Director2 2024-06-01 2025-05-31 07780010 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 07780010 core:RetainedEarningsAccumulatedLosses 2024-06-01 2025-05-31 07780010 core:ShareCapital 2024-06-01 2025-05-31 07780010 countries:EnglandWales 2024-06-01 2025-05-31 07780010 2024-05-31 07780010 core:RetainedEarningsAccumulatedLosses 2024-05-31 07780010 core:ShareCapital 2024-05-31 07780010 2023-06-01 2024-05-31 07780010 2024-05-31 07780010 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 07780010 core:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 07780010 core:ShareCapital 2023-06-01 2024-05-31 07780010 2023-05-31 07780010 core:RetainedEarningsAccumulatedLosses 2023-05-31 07780010 core:ShareCapital 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 07780010

Chive Inc Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Chive Inc Ltd

Contents

Company Information | 1
Balance Sheet | 2
Statement of Changes in Equity | 3
Notes to the Unaudited Financial Statements | 4 to 6

Chive Inc Ltd

Company Information

Directors: | Mr A Roberts Mr T Newgren

Registered office: | Savoy House Savoy Circus London W3 7DA

Registered number: | 07780010

Accountants: | Wem & Co Chartered Accountants Savoy House Savoy Circus London W3 7DA

Chive Inc Ltd

(Registration number: 07780010)
Balance Sheet as at 31 May 2025

| Note | 31.05.25 | 31.05.24
|  | £ | £ | £ | £
CURRENT ASSETS |  |  |  |  |
Stocks |  |  | 82,298 |  | 78,379
Debtors | 4 |  | 26,894 |  | 26,737
Cash at bank and in hand |  |  | 174,216 |  | 132,187
|  |  | 283,408 |  | 237,303
CREDITORS |  |  |  |  |
Creditors within 1yr | 5 |  | 173,323 |  | 214,188
Net assets |  |  | 110,085 |  | 23,115
CAPITAL AND RESERVES |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Profit and loss account |  |  | 110,084 |  | 23,114
Shareholders' funds |  |  | 110,085 |  | 23,115

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 August 2026

......................................... Mr A Roberts Director

Chive Inc Ltd

Statement of Changes in Equity for the Year Ended 31 May 2025

| Share capital £ | Retained earning £ | Total £
At 1 June 2023 | 1 | 17,405 | 17,406
Changes in equity | - | - | -
Profit for the year | - | 5,709 | 5,709
At 31 May 2024 | 1 | 23,114 | 23,115

| Share capital £ | Retained earning £ | Total £
At 1 June 2024 | 1 | 23,114 | 23,115
Statement of changes in equity | - | - | -
Profit for the year | - | 86,970 | 86,970
At 31 May 2025 | 1 | 110,084 | 110,085

Chive Inc Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1. | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the Board on 15 August 2026.

2. | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Going concern

The accounts have been prepared on a going concern basis on the understanding that the director will continue to support the business for a period of not less than 12 months.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Chive Inc Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

2 | Accounting policies (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3. | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4. | Debtors

Current | 31.05.25 £ | 31.05.24 £
Prepayments | 7,304 | 7,147
Other debtors | 19,590 | 19,590
| 26,894 | 26,737

Chive Inc Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

5. | Creditors

Creditors: amounts falling due within one year

| 31.05.25 £ | 31.05.24 £
Due within one year |  |
Taxation and social security | 41,128 | 8,493
Accruals and deferred income | 3,500 | 7,000
Other creditors | 128,695 | 198,695
| 173,323 | 214,188

Other creditors include an amount owed to the director. No interest or repayment terms have been set.