HIVE STRUCTURE LTD

HIVE STRUCTURE LTD - Company Information

2021-08-012022-07-312022-07-31false12127423HIVE STRUCTURE LTD2023-07-30iso4217:GBPxbrli:pure121274232021-08-01121274232022-07-31121274232021-08-012022-07-31121274232020-08-01121274232021-07-31121274232020-08-012021-07-3112127423bus:SmallEntities2021-08-012022-07-3112127423bus:AuditExempt-NoAccountantsReport2021-08-012022-07-3112127423bus:FullAccounts2021-08-012022-07-3112127423bus:PrivateLimitedCompanyLtd2021-08-012022-07-3112127423core:WithinOneYear2022-07-3112127423core:AfterOneYear2022-07-3112127423core:WithinOneYear2021-07-3112127423core:AfterOneYear2021-07-3112127423core:ShareCapital2022-07-3112127423core:SharePremium2022-07-3112127423core:RevaluationReserve2022-07-3112127423core:OtherReservesSubtotal2022-07-3112127423core:RetainedEarningsAccumulatedLosses2022-07-3112127423core:ShareCapital2021-07-3112127423core:SharePremium2021-07-3112127423core:RevaluationReserve2021-07-3112127423core:OtherReservesSubtotal2021-07-3112127423core:RetainedEarningsAccumulatedLosses2021-07-3112127423core:LandBuildings2022-07-3112127423core:PlantMachinery2022-07-3112127423core:Vehicles2022-07-3112127423core:FurnitureFittings2022-07-3112127423core:OfficeEquipment2022-07-3112127423core:NetGoodwill2022-07-3112127423core:IntangibleAssetsOtherThanGoodwill2022-07-3112127423core:ListedExchangeTraded2022-07-3112127423core:UnlistedNon-exchangeTraded2022-07-3112127423core:LandBuildings2021-07-3112127423core:PlantMachinery2021-07-3112127423core:Vehicles2021-07-3112127423core:FurnitureFittings2021-07-3112127423core:OfficeEquipment2021-07-3112127423core:NetGoodwill2021-07-3112127423core:IntangibleAssetsOtherThanGoodwill2021-07-3112127423core:ListedExchangeTraded2021-07-3112127423core:UnlistedNon-exchangeTraded2021-07-3112127423core:LandBuildings2021-08-012022-07-3112127423core:PlantMachinery2021-08-012022-07-3112127423core:Vehicles2021-08-012022-07-3112127423core:FurnitureFittings2021-08-012022-07-3112127423core:OfficeEquipment2021-08-012022-07-3112127423core:NetGoodwill2021-08-012022-07-3112127423core:IntangibleAssetsOtherThanGoodwill2021-08-012022-07-3112127423core:ListedExchangeTraded2021-08-012022-07-3112127423core:UnlistedNon-exchangeTraded2021-08-012022-07-3112127423core:MoreThanFiveYears2021-08-012022-07-3112127423core:Non-currentFinancialInstruments2022-07-3112127423core:Non-currentFinancialInstruments2021-07-3112127423dpl:CostSales2021-08-012022-07-3112127423dpl:DistributionCosts2021-08-012022-07-3112127423dpl:AdministrativeExpenses2021-08-012022-07-3112127423core:LandBuildings2021-08-012022-07-3112127423core:PlantMachinery2021-08-012022-07-3112127423core:Vehicles2021-08-012022-07-3112127423core:FurnitureFittings2021-08-012022-07-3112127423core:OfficeEquipment2021-08-012022-07-3112127423core:NetGoodwill2021-08-012022-07-3112127423core:IntangibleAssetsOtherThanGoodwill2021-08-012022-07-3112127423dpl:GroupUndertakings2021-08-012022-07-3112127423dpl:ParticipatingInterests2021-08-012022-07-3112127423dpl:GroupUndertakingscore:ListedExchangeTraded2021-08-012022-07-3112127423core:ListedExchangeTraded2021-08-012022-07-3112127423dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-08-012022-07-3112127423core:UnlistedNon-exchangeTraded2021-08-012022-07-3112127423dpl:CostSales2020-08-012021-07-3112127423dpl:DistributionCosts2020-08-012021-07-3112127423dpl:AdministrativeExpenses2020-08-012021-07-3112127423core:LandBuildings2020-08-012021-07-3112127423core:PlantMachinery2020-08-012021-07-3112127423core:Vehicles2020-08-012021-07-3112127423core:FurnitureFittings2020-08-012021-07-3112127423core:OfficeEquipment2020-08-012021-07-3112127423core:NetGoodwill2020-08-012021-07-3112127423core:IntangibleAssetsOtherThanGoodwill2020-08-012021-07-3112127423dpl:GroupUndertakings2020-08-012021-07-3112127423dpl:ParticipatingInterests2020-08-012021-07-3112127423dpl:GroupUndertakingscore:ListedExchangeTraded2020-08-012021-07-3112127423core:ListedExchangeTraded2020-08-012021-07-3112127423dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-08-012021-07-3112127423core:UnlistedNon-exchangeTraded2020-08-012021-07-3112127423core:NetGoodwill2022-07-3112127423core:IntangibleAssetsOtherThanGoodwill2022-07-3112127423core:LandBuildings2022-07-3112127423core:PlantMachinery2022-07-3112127423core:Vehicles2022-07-3112127423core:FurnitureFittings2022-07-3112127423core:OfficeEquipment2022-07-3112127423core:AfterOneYear2022-07-3112127423core:WithinOneYear2022-07-3112127423core:ListedExchangeTraded2022-07-3112127423core:UnlistedNon-exchangeTraded2022-07-3112127423core:ShareCapital2022-07-3112127423core:SharePremium2022-07-3112127423core:RevaluationReserve2022-07-3112127423core:OtherReservesSubtotal2022-07-3112127423core:RetainedEarningsAccumulatedLosses2022-07-3112127423core:NetGoodwill2021-07-3112127423core:IntangibleAssetsOtherThanGoodwill2021-07-3112127423core:LandBuildings2021-07-3112127423core:PlantMachinery2021-07-3112127423core:Vehicles2021-07-3112127423core:FurnitureFittings2021-07-3112127423core:OfficeEquipment2021-07-3112127423core:AfterOneYear2021-07-3112127423core:WithinOneYear2021-07-3112127423core:ListedExchange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HIVE STRUCTURE LTD

Registered Number
12127423
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2022

HIVE STRUCTURE LTD

Company Information
for the year from 1 August 2021 to 31 July 2022


Directors	BENNETT, William
	HALL, Stuart Andrew Mcneil
	MATHER, Edward Gregory


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


Registered Number	12127423 (England and Wales)

HIVE STRUCTURE LTD

Balance Sheet as at
31 July 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	7		28,767		22,703
			28,767		22,703
Current assets
Stocks	8	63,915		401,612
Debtors	9	536,409		44,390
Cash at bank and on hand		199		39,340
		600,523		485,342
Creditors amounts falling due within one year	10	(596,509)		(487,130)
Net current assets (liabilities)			4,014		(1,788)
Total assets less current liabilities			32,781		20,915
Creditors amounts falling due after one year	11		(29,098)		(38,885)
Provisions for liabilities	12		(5,466)		-
Net assets			(1,783)		(17,970)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(1,883)		(18,070)
Shareholders' funds			(1,783)		(17,970)

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.

The financial statements were approved and authorised for issue by the Board of Directors on 30 July 2023, and are signed on its behalf by:

BENNETT, William
Director
Registered Company No. 12127423

HIVE STRUCTURE LTD

Notes to the Financial Statements
for the year ended 31 July 2022

1.	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.

2.	Compliance with applicable reporting framework
	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.

3.	First time adoption and other factors relevant to transition
	During the period the company transitioned to FRS 102 1A. There were no material adjustments on transition.

4.	Principal activities
	The principal activity of the company was that of construction services.

5.	Accounting policies

	Property, plant and equipment policy
	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	25
	Vehicles	12.5
	Office Equipment	25

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

	Revenue recognition policy
	Turnover 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.

	Deferred tax policy
	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 policy

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.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

6.	Employee information


		2022		2021
	Average number of employees during the year	3		3

7.	Property, plant and equipment

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 August 21	3,272	21,803	295	25,370
Additions	11,335	-	-	11,335
At 31 July 22	14,607	21,803	295	36,705
Depreciation and impairment
At 01 August 21	571	2,044	52	2,667
Charge for year	2,472	2,725	74	5,271
At 31 July 22	3,043	4,769	126	7,938
Net book value
At 31 July 22	11,564	17,034	169	28,767
At 31 July 21	2,701	19,759	243	22,703

8.	Stocks

	2022	2021
	£	£
Work in progress	63,915	401,612
Total	63,915	401,612

9.	Debtors

	2022	2021
	£	£
Trade debtors / trade receivables	47,110	100
Amounts owed by group undertakings	41,214	33,221
Other debtors	2,737	11,069
Prepayments and accrued income	445,348	-
Total	536,409	44,390


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

10.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	4,349	13,716
Bank borrowings and overdrafts	9,788	9,547
Amounts owed to related parties	395,435	330,000
Taxation and social security	21,351	-
Other creditors	144,347	132,627
Accrued liabilities and deferred income	21,239	1,240
Total	596,509	487,130


	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.

11.	Creditors after one year

	2022	2021
	£	£
Bank borrowings and overdrafts	29,098	38,885
Total	29,098	38,885

12.	Provisions for liabilities

	2022	2021
	£	£
Net deferred tax liability (asset)	5,466	-
Total	5,466	-