Hive Financial Limited - Accounts

Hive Financial Limited - Accounts

HIVE FINANCIAL LTD - Company Information

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Registered Number : 09733862

 

 

 

HIVE FINANCIAL LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 May 2016

End date: 30 April 2017

Hive Financial Limited
Contents Page
For the year ended 30 April 2017
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of Hive Financial Limited for the year ended 30 April 2017 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the members of Hive Financial Limited, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Hive Financial Limited and state those matters that we have agreed to state to the members of Hive Financial Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hive Financial Limited and its members as a body for our work or for this report.

It is your duty to ensure that Hive Financial Limited has kept adequate accounting records to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and Profit of Hive Financial Limited. You consider that Hive Financial 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 accounts of Hive Financial 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 accounts.



....................................................
Moose Accounting Limited
Studio 504, The Custard Factory
Gibb Street
Birmingham
West Midlands
B9 4DP
25 January 2018
1
 
 		 Notes
 		 2017
£		   2016
£
Fixed assets      
Tangible fixed assets 2 2,957    1,166 
2,957    1,166 
Current assets      
Debtors 6,835    0 
Cash at bank and in hand 92,097    27,361 
98,932    27,361 
Creditors: amount falling due within one year (80,064)   (24,049)
Net current assets 18,868    3,312 
 
Total assets less current liabilities 21,825    4,478 
Creditors: amount falling due after more than one year 0    (410)
Net assets 21,825    4,068 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 21,725    3,968 
Shareholders funds 21,825    4,068 
 


For the year ended 30 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts.
Signed on behalf of the board of directors


--------------------------------
Jacqueline Houguez-Simmons
Director

Date approved by the board: 25 January 2018
2
Statutory Information
Hive Financial Limited is a private limited company, limited by shares, domiciled in , registration number 09733862.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 20% Reducing Balance
2.

Tangible fixed assets

Cost or Valuation Computer Equipment   Total
  £   £
At 01 May 2016 1,166    1,166 
Additions 2,391    2,391 
Disposals -    - 
At 30 April 2017 3,557    3,557 
Depreciation
At 01 May 2016 -    - 
Charge for year 600    600 
On disposals -    - 
At 30 April 2017 600    600 
Net book values
Closing balance as at 30 April 2017 2,957    2,957 
Opening balance as at 01 May 2016 1,166    1,166 


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