Hive Industries Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03252160

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

HIVE INDUSTRIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Certified Accountants' Report

7

DIRECTOR:

D J Humphrys

SECRETARY:

Ms J A Redford

REGISTERED OFFICE:

Unit 7, The Polaris Centre

41 Brownfields

Welwyn Garden City

Hertfordshire

AL7 1AN

REGISTERED NUMBER:

03252160

ACCOUNTANTS:

A W Associates

Regus Building

Wellington Way

Brooklands Business Park

Weybridge

Surrey

KT13 0TT

FIXED ASSETS

Tangible assets

2

78,344

28,081

Investments

3

556

556

78,900

28,637

CURRENT ASSETS

Stocks

95,727

79,621

Debtors

204,436

143,961

Cash at bank and in hand

131,757

114,912

431,920

338,494

CREDITORS

Amounts falling due within one year

137,112

79,373

NET CURRENT ASSETS

294,808

259,121

TOTAL ASSETS LESS CURRENT LIABILITIES

373,708

287,758

CREDITORS

Amounts falling due after more than one year

(19,920

)

-

PROVISIONS FOR LIABILITIES

(14,627

)

-

NET ASSETS

339,161

287,758

CAPITAL AND RESERVES

Called up share capital

4

43,000

43,000

Profit and loss account

296,161

244,758

SHAREHOLDERS' FUNDS

339,161

287,758

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

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

The director acknowledges his 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 director on 6 April 2017 and were signed by:

D J Humphrys - 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).

Preparation of consolidated financial statements

The financial statements contain information about Hive Industries Limited as an individual

company and do not contain consolidated financial information as the parent of a group. The

company has taken the option under Section 398 of the Companies Act 2006 not to prepare

consolidated financial statements.

Turnover

Turnover represents the invoiced amount of goods sold and services provided during the

year, stated net of 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.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

10% on cost

Computer equipment

-

10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of

exchange ruling at the balance sheet date. Transactions in foreign currencies are translated

into sterling at the rate of exchange ruling at the date of transaction. Exchange differences

are taken into account in arriving at the operating result.

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 October 2015

123,482

Additions

67,653

Disposals

(39,088

)

At 30 September 2016

152,047

DEPRECIATION

At 1 October 2015

95,401

Charge for year

15,203

Eliminated on disposal

(36,901

)

At 30 September 2016

73,703

NET BOOK VALUE

At 30 September 2016

78,344

At 30 September 2015

28,081

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 October 2015

and 30 September 2016

556

NET BOOK VALUE

At 30 September 2016

556

At 30 September 2015

556

The company's investments at the Balance Sheet date in the share capital of companies

include the following:

Interspace Industries LLC

Country of incorporation: United States of America

Nature of business: Supply of audio visual display equipment

%

Class of shares:

holding

Ordinary

100.00

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

43,000

Ordinary

£1

43,000

43,000

The following reproduces the text of the report prepared for the director in respect of the

company's annual unaudited financial statements, from which the unaudited abbreviated

accounts (set out on pages two to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of Hive Industries Limited for the year ended

30 September 2016 which comprise the Profit and Loss Account, the Balance Sheet, and the

related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Hive Industries Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hive Industries Limited and state those matters that we have agreed to state to the director of Hive Industries Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Hive Industries Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hive Industries Limited. You consider that Hive Industries Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hive Industries Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

A W Associates

Regus Building

Wellington Way

Brooklands Business Park

Weybridge

Surrey

KT13 0TT

13 April 2017