Company Registration No. 11822163 (England and Wales)
Ember Digital Limited
Unaudited accounts
for the year ended 31 December 2023
Ember Digital Limited
Unaudited accounts
Contents
Ember Digital Limited
Company Information
for the year ended 31 December 2023
Directors
SHAW, Aaron
HOGAN, Daniel James
WINWOOD, Sophie Elizabeth
TEIXEIRA DA MOTA, Philippe Magalhaes
Company Number
11822163 (England and Wales)
Registered Office
3rd Floor 86-90 Paul Street
London
EC2A 4NE
Ember Digital Limited
Statement of financial position
as at 31 December 2023
Tangible assets
37,404
53,077
Cash at bank and in hand
4,816,064
2,117,865
Creditors: amounts falling due within one year
(700,357)
(242,688)
Net current assets
4,658,232
2,405,610
Total assets less current liabilities
4,695,636
2,458,687
Provisions for liabilities
Other provisions
(102,500)
-
Net assets
4,593,136
2,458,687
Called up share capital
30,942
22,675
Share premium
9,599,278
5,731,776
Profit and loss account
(5,037,084)
(3,295,764)
Shareholders' funds
4,593,136
2,458,687
For the year ending 31 December 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 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 8 February 2024 and were signed on its behalf by
HOGAN, Daniel James
Director
Company Registration No. 11822163
Ember Digital Limited
Notes to the Accounts
for the year ended 31 December 2023
Ember Digital Limited is a private company, limited by shares, registered in England and Wales, registration number 11822163. The registered office is 3rd Floor 86-90 Paul Street, London, EC2A 4NE.
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.
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
25% straight line
4
Tangible fixed assets
Computer equipment
At 31 December 2023
72,983
Charge for the year
18,159
At 31 December 2023
35,579
At 31 December 2023
37,404
At 31 December 2022
53,077
Ember Digital Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
11,698
14,208
Accrued income and prepayments
20,415
25,614
Other debtors
510,412
490,611
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
42,763
9,294
Taxes and social security
74,759
80,731
Other creditors
18,685
78,411
Deferred income
467,661
66,911
7
Provisions for liabilities
£
Additional provisions made during the period
102,500
At 31 December 2023
102,500
Provision has been made for legal fees with a high probability of occurring post year end.
Recognised following FRS102 guidance on provisions :
1. >50% likelihood of occurring
2. the obligation was present at the reporting date and has arisen as part of a past event (funding round)
3. A reliable estimate has been provided by the legal team
8
Operating lease commitments
2023
2022
At 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
43,656
70,212
Later than one year and not later than five years
7,276
61,110
9
Average number of employees
During the year the average number of employees was 33 (2022: 30).