Hive IT Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08852342 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

Hive IT Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J Rippon

D Watson

M Waite

REGISTERED OFFICE:

Electric Works

Sheffield Digital Campus

Concourse Way

Sheffield

S1 2BJ

REGISTERED NUMBER:

08852342 (England and Wales)

ACCOUNTANTS:

Uppal & Warr

Chartered Accountants

452 Manchester Road

Heaton Chapel

Stockport

SK4 5DL

FIXED ASSETS

Tangible assets

2

20,854

10,061

CURRENT ASSETS

Debtors

100,281

25,318

Cash at bank

104,804

68,314

205,085

93,632

CREDITORS

Amounts falling due within one year

153,345

77,212

NET CURRENT ASSETS

51,740

16,420

TOTAL ASSETS LESS CURRENT
LIABILITIES

72,594

26,481

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

71,594

25,481

SHAREHOLDERS' FUNDS

72,594

26,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 10 February 2017 and were signed on its behalf
by:

J Rippon - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

13,414

Additions

17,744

At 30 June 2016

31,158

DEPRECIATION

At 1 July 2015

3,353

Charge for year

6,951

At 30 June 2016

10,304

NET BOOK VALUE

At 30 June 2016

20,854

At 30 June 2015

10,061

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

1,000

Ordinary

£1

1,000