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Company Registration No. 12186035 (England and Wales)
ACTIVATE ONDEMAND (AOD) LIMITED Unaudited accounts for the year ended 31 December 2022
ACTIVATE ONDEMAND (AOD) LIMITED Unaudited accounts Contents
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ACTIVATE ONDEMAND (AOD) LIMITED Company Information for the year ended 31 December 2022
Directors
Jonathan Munday Michael Bartlett Stuart Cripps-Schnoor Wayne Harris Charles Mpi
Company Number
12186035 (England and Wales)
Registered Office
CHRISTCHURCH BUSINESS PARK RADAR WAY CHRISTCHURCH BH23 4FL ENGLAND
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ACTIVATE ONDEMAND (AOD) LIMITED Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
60 
Tangible assets
1,044 
2,298 
1,044 
2,358 
Current assets
Debtors
158,730 
164,889 
Cash at bank and in hand
910,927 
367,265 
1,069,657 
532,154 
Creditors: amounts falling due within one year
(892,703)
(43,698)
Net current assets
176,954 
488,456 
Net assets
177,998 
490,814 
Capital and reserves
Called up share capital
120 
120 
Share premium
1,095,180 
1,095,180 
Profit and loss account
(917,302)
(604,486)
Shareholders' funds
177,998 
490,814 
For the year ending 31 December 2022 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 June 2023 and were signed on its behalf by
Charles Mpi Director Company Registration No. 12186035
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ACTIVATE ONDEMAND (AOD) LIMITED Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
ACTIVATE ONDEMAND (AOD) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12186035. The registered office is CHRISTCHURCH BUSINESS PARK, RADAR WAY, CHRISTCHURCH, BH23 4FL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Where inventories of such goods are not owned by the company, revenues are recognised excluding the cost of inventories, in recognition of the fact that risks and rewards of ownership do not pass to the company prior to the completion of a revenue transaction. Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included as opening balances at cost less accumulated amortisation. Computer software and development have been expensed in full during the year, with the company opting to surrender tax losses in exchange for cash consideration in line with the HMRC Research & Development provisions. The Directors expect to realise the cash benefit of such surrendered losses in FY2022, although at year end no accrued income has been recognised in connections with such anticipated cash inflows.
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ACTIVATE ONDEMAND (AOD) LIMITED Notes to the Accounts for the year ended 31 December 2022
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2022
3,065 
At 31 December 2022
3,065 
Amortisation
At 1 January 2022
3,005 
Charge for the year
60 
At 31 December 2022
3,065 
Net book value
At 31 December 2022
- 
At 31 December 2021
60 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2022
3,761 
At 31 December 2022
3,761 
Depreciation
At 1 January 2022
1,463 
Charge for the year
1,254 
At 31 December 2022
2,717 
Net book value
At 31 December 2022
1,044 
At 31 December 2021
2,298 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
- 
8,385 
Trade debtors
80,185 
156,504 
Other debtors
78,545 
- 
158,730 
164,889 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
68,956 
- 
Trade creditors
780,981 
41,652 
Taxes and social security
936 
- 
Loans from directors
41,830 
- 
Deferred income
- 
2,046 
892,703 
43,698 
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ACTIVATE ONDEMAND (AOD) LIMITED Notes to the Accounts for the year ended 31 December 2022
8
Average number of employees
During the year the average number of employees was 4 (2021: 4).
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