HIVE 360 002 LIMITED

HIVE 360 002 LIMITED

HIVE 360 002 LIMITED - Company Information

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HIVE 360 002 LIMITED

Company Registration Number:
10449758 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2018

Period of accounts

Start date: 01 November 2017

End date: 31 October 2018

HIVE 360 002 LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2018

Balance sheet
Notes

HIVE 360 002 LIMITED

Balance sheet

As at 31 October 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 68,807 0
Total fixed assets: 68,807 0
Current assets
Debtors:   277,972
Cash at bank and in hand: 379,843 1
Total current assets: 657,815 1
Creditors: amounts falling due within one year:   (435,644)
Net current assets (liabilities): 222,171 1
Total assets less current liabilities: 290,978 1
Creditors: amounts falling due after more than one year:   (267,329)
Total net assets (liabilities): 23,649 1
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 23,648
Shareholders funds: 23,649 1

The notes form part of these financial statements

HIVE 360 002 LIMITED

Balance sheet statements

For the year ending 31 October 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 2020
and signed on behalf of the board by:

Name: Andrew Eagan
Status: Director

The notes form part of these financial statements

HIVE 360 002 LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 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 supplied, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially measured at cost, and are subsequently measured at cost less anyaccumulated depreciation and accumulated impairment losses or at a revalued amount.Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less 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. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

HIVE 360 002 LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2018

2. Employees

2018 2017
Average number of employees during the period 10 0

HIVE 360 002 LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2018

3. Tangible Assets

Total
Cost £
At 01 November 2017 0
Additions 86,008
At 31 October 2018 86,008
Depreciation
At 01 November 2017 0
Charge for year 17,201
At 31 October 2018 17,201
Net book value
At 31 October 2018 68,807
At 31 October 2017 0