Activation Digital Ltd,Ltd - AccountsLtd - Accounts

Activation Digital Ltd,Ltd - AccountsLtd - Accounts

ACTIVATION DIGITAL LTD - Company Information

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2019-04-01 07417981 2020-03-31 07417981 2019-04-01 2020-03-31 07417981 2019-03-31 07417981 2018-04-01 2019-03-31 07417981 uk-core:WithinOneYear 2019-03-31 07417981 uk-core:WithinOneYear 2020-03-31 07417981 uk-core:ShareCapital 2020-03-31 07417981 uk-core:ShareCapital 2019-03-31 07417981 uk-core:RetainedEarningsAccumulatedLosses 2020-03-31 07417981 uk-core:RetainedEarningsAccumulatedLosses 2019-03-31 07417981 uk-bus:Director1 2019-04-01 2020-03-31 07417981 uk-bus:Director2 2019-04-01 2020-03-31 07417981 uk-core:ComputerEquipment 2019-04-01 2020-03-31 07417981 uk-core:OfficeEquipment 2019-04-01 2020-03-31 07417981 uk-core:BetweenTwoFiveYears 2019-03-31 07417981 uk-core:BetweenTwoFiveYears 2020-03-31 iso4217:GBP xbrli:pure 07417981 uk-bus:AuditExemptWithAccountantsReport 2019-04-01 2020-03-31 07417981 uk-bus:FRS102 2019-04-01 2020-03-31 07417981 uk-bus:FullAccounts 2019-04-01 2020-03-31 07417981 uk-bus:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31
Activation Digital Ltd
Registered Number:07417981
For the year ended 31 March 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2020
Activation Digital Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
07417981
As at 31 March 2020
Activation Digital Ltd
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
15,268
14,026
15,268
14,026
Current assets
Trade and other receivables
364,358
262,925
2
228,998
Cash and cash equivalents
219,222
482,147
593,356
Trade and other payables: amounts falling due within one year
(358,234)
(294,853)
3
235,122
187,294
Net current assets
Total assets less current liabilities
202,562
249,148
(2,901)
(2,665)
Provisions for liabilities
199,661
Net assets
246,483
Capital and reserves
Called up share capital
800
800
Retained earnings
198,861
245,683
199,661
246,483
Shareholders' funds
For the year ended 31 March 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Daniel Charles Vincent Hirons Director
Mr Matthew John Ramsay Director
These financial statements were approved and authorised for issue by the Board on 09 September 2020 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2020
Activation Digital Ltd
Notes to the Financial Statements
Statutory Information
Activation Digital Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
07417981.
Registered address:
16 Top Floor
The Architecture Centre, 16 Narrow Quay
Bristol
BS1 4QA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, 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:
25% Straight line
Computer Equipment
25% Straight line
Furniture and Fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
2. Trade and other receivables
2019
2020
£
£
Trade debtors
256,427
357,860
Other debtors
6,498
6,498
364,358
262,925
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5
For the year ended 31 March 2020
Activation Digital Ltd
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Trade creditors
44,999
64,225
Taxation and social security
78,352
112,642
Other creditors
171,502
181,367
294,853
358,234
4. Related party transactions
Amounts owed to related Parties were as follows:
31/12/2020 31/12/2019
Matthew Ramsey - £103,159 £ 79,166
Director
Daniel Hirons - £ 62,100 £ 46,725
Director
5. Guarantees and other financial commitments
Lease commitments
At 31 March 2020 the company had annual commitments under non-cancellable operating leases as set out below:
2019
£
2020
£
Operating leases which expire:
14,738
14,738
Within 1 year
14,738
14,738
Within 2 to 5 years
29,476
29,476
6. Average number of persons employed
During the year the average number of employees was 11 (2019 : 12)
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