Activation Digital Ltd,Ltd - AccountsLtd - Accounts

Activation Digital Ltd,Ltd - AccountsLtd - Accounts

ACTIVATION DIGITAL LTD - Company Information

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2022-04-01 07417981 2023-03-31 07417981 2022-04-01 2023-03-31 07417981 2022-03-31 07417981 2021-04-01 2022-03-31 07417981 uk-core:WithinOneYear uk-bus:Original 2022-03-31 07417981 uk-core:WithinOneYear uk-bus:Original 2023-03-31 07417981 uk-core:ShareCapital uk-bus:Original 2023-03-31 07417981 uk-core:ShareCapital uk-bus:Original 2022-03-31 07417981 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2023-03-31 07417981 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2022-03-31 07417981 uk-bus:Director1 uk-bus:Original 2022-04-01 2023-03-31 07417981 uk-bus:Director2 uk-bus:Original 2022-04-01 2023-03-31 07417981 uk-core:ComputerEquipment uk-bus:Original 2022-04-01 2023-03-31 07417981 uk-core:OfficeEquipment uk-bus:Original 2022-04-01 2023-03-31 07417981 uk-core:BetweenTwoFiveYears uk-bus:Original 2022-03-31 07417981 uk-core:BetweenTwoFiveYears uk-bus:Original 2023-03-31 iso4217:GBP xbrli:pure 07417981 uk-bus:AuditExemptWithAccountantsReport uk-bus:Original 2022-04-01 2023-03-31 07417981 uk-bus:FRS102 uk-bus:Original 2022-04-01 2023-03-31 07417981 uk-bus:FilletedAccounts uk-bus:Original 2022-04-01 2023-03-31 07417981 uk-bus:PrivateLimitedCompanyLtd uk-bus:Original 2022-04-01 2023-03-31
Activation Digital Ltd
Registered Number:07417981
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
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 2023
Activation Digital Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
19,459
21,569
19,459
21,569
Current assets
Trade and other receivables
279,705
145,669
2
395,180
Cash and cash equivalents
310,314
455,983
674,885
Trade and other payables: amounts falling due within one year
(340,500)
(247,133)
3
334,385
208,850
Net current assets
Total assets less current liabilities
228,309
355,954
(3,697)
(4,098)
Provisions for liabilities
224,612
Net assets
351,856
Capital and reserves
Called up share capital
800
800
Retained earnings
223,812
351,056
224,612
351,856
Shareholders' funds
For the year ended 31 March 2023 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 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their 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 Matthew John Ramsay Director
Mr Daniel Charles Vincent Hirons Director
These financial statements were approved and authorised for issue by the Board on 28 July 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2023
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
2022
2023
£
£
Trade debtors
139,034
277,681
Other debtors
6,635
2,024
279,705
145,669
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5
For the year ended 31 March 2023
Activation Digital Ltd
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
18,108
35,017
Taxation and social security
37,357
110,998
Other creditors
191,668
194,485
247,133
340,500
4. Guarantees and other financial commitments
Lease commitments
At 31 March 2023 the company had annual commitments under non-cancellable operating leases as set out below:
2022
£
2023
£
Operating leases which expire:
14,738
14,738
Within 1 year
14,738
14,738
Within 2 to 5 years
29,476
29,476
5. Average number of persons employed
During the year the average number of employees was 13 (2022 : 13)
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