HIVE 360 STAFF LIMITED

HIVE 360 STAFF LIMITED

HIVE 360 SUPPORT SERVICES LIMITED - Company Information

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HIVE 360 STAFF LIMITED

Company Registration Number:
10342148 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2018

Period of accounts

Start date: 01 September 2017

End date: 31 August 2018

HIVE 360 STAFF LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2018

Balance sheet
Notes

HIVE 360 STAFF LIMITED

Balance sheet

As at 31 August 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 2 294,000 0
Tangible assets: 3 3,200 4,000
Investments:   0 0
Total fixed assets: 297,200 4,000
Current assets
Stocks: 0 0
Debtors:   23,451 0
Cash at bank and in hand: 0 8,621
Investments:   0 0
Total current assets: 23,451 8,621
Creditors: amounts falling due within one year: 4 (319,769) (11,587)
Net current assets (liabilities): (296,318) (2,966)
Total assets less current liabilities: 882 1,034
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 882 1,034
Capital and reserves
Called up share capital: 1 1
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 881 1,033
Shareholders funds: 882 1,034

The notes form part of these financial statements

HIVE 360 STAFF LIMITED

Balance sheet statements

For the year ending 31 August 2018 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 30 May 2019
and signed on behalf of the board by:

Name: Andrew Eagan
Status: Director

The notes form part of these financial statements

HIVE 360 STAFF LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods suppliedand services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership havetransferred to the buyer, usually on despatch of the goods; the amount of revenue can be measuredreliably; it is probable that the associated economic benefits will flow to the entity and the costs incurredor to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulateddepreciation and impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluationless any subsequent accumulated depreciation and subsequent accumulated impairment losses.An increase in the carrying amount of an asset as a result of a revaluation, is recognised in othercomprehensive income and accumulated in capital and reserves, except to the extent it reverses arevaluation decrease of the same asset previously recognised in profit or loss. A decrease in thecarrying amount of an asset as a result of revaluation is recognised in other comprehensive income tothe extent of any previously recognised revaluation increase accumulated in capital and reserves inrespect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gainsaccumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit orloss. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,over the useful economic life of that asset as follows:Fittings fixtures and equipment - 25% reducing balance. If there is an indication that there has been a significant change in depreciation rate, useful life orresidual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Intangible fixed assets and amortisation policy

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition overthe company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities ofthe acquired business.Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It isamortised on a straight line basis over its useful life. Where a reliable estimate of the useful life ofgoodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

HIVE 360 STAFF LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2018

2. Intangible Assets

Total
Cost £
At 01 September 2017 0
Additions 300,000
Disposals 0
Revaluations 0
Transfers 0
At 31 August 2018 300,000
Amortisation
At 01 September 2017 0
Charge for year 6,000
On disposals 0
Other adjustments 0
At 31 August 2018 6,000
Net book value
At 31 August 2018 294,000
At 31 August 2017 0

HIVE 360 STAFF LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2018

3. Tangible Assets

Total
Cost £
At 01 September 2017 5,000
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 August 2018 5,000
Depreciation
At 01 September 2017 1,000
Charge for year 800
On disposals 0
Other adjustments 0
At 31 August 2018 1,800
Net book value
At 31 August 2018 3,200
At 31 August 2017 4,000

HIVE 360 STAFF LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2018

4. Creditors: amounts falling due within one year note

Other loans £300,000Corporation tax £152Social security and other taxes £7,775Other creditors £11,842