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
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
ACTIVATE ONDEMAND (AOD) LIMITED
Statement of financial position
as at 31 December 2022
Tangible assets
1,044
2,298
Cash at bank and in hand
910,927
367,265
Creditors: amounts falling due within one year
(892,703)
(43,698)
Net current assets
176,954
488,456
Net assets
177,998
490,814
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
ACTIVATE ONDEMAND (AOD) LIMITED
Notes to the Accounts
for the year ended 31 December 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (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.
ACTIVATE ONDEMAND (AOD) LIMITED
Notes to the Accounts
for the year ended 31 December 2022
4
Intangible fixed assets
Other
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
80,185
156,504
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
780,981
41,652
Taxes and social security
936
-
Loans from directors
41,830
-
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).