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Company Registration No. 6244208 (England and Wales)
Digivate Agency Ltd Unaudited accounts for the year ended 31 December 2023
Digivate Agency Ltd Unaudited accounts Contents
Page
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Digivate Agency Ltd Company Information for the year ended 31 December 2023
Directors
Clinton Gomer Mark Gomer
Company Number
6244208 (England and Wales)
Registered Office
71-75 Shelton Street London GREATER LONDON WC2H 9JQ United Kingdom
Accountants
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
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Digivate Agency Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,158 
13,483 
Investments
12,529 
12,529 
23,687 
26,012 
Current assets
Debtors
270,301 
312,566 
Cash at bank and in hand
132,347 
369,121 
402,648 
681,687 
Creditors: amounts falling due within one year
(325,941)
(354,329)
Net current assets
76,707 
327,358 
Total assets less current liabilities
100,394 
353,370 
Creditors: amounts falling due after more than one year
(17,853)
(55,170)
Net assets
82,541 
298,200 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
82,539 
298,198 
Shareholders' funds
82,541 
298,200 
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 10 September 2024 and were signed on its behalf by
Clinton Gomer Director Company Registration No. 6244208
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Digivate Agency Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Digivate Agency Ltd is a private company, limited by shares, registered in England and Wales, registration number 6244208. The registered office is 71-75 Shelton Street, London, GREATER LONDON, WC2H 9JQ, United Kingdom.
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.
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:
Fixtures & fittings
33% straight line basis
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2023
29,337 
Additions
7,764 
Disposals
(339)
At 31 December 2023
36,762 
Depreciation
At 1 January 2023
15,854 
Charge for the year
9,750 
At 31 December 2023
25,604 
Net book value
At 31 December 2023
11,158 
At 31 December 2022
13,483 
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Digivate Agency Ltd Notes to the Accounts for the year ended 31 December 2023
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2023
12,529 
Valuation at 31 December 2023
12,529 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
240,426 
215,319 
Amounts due from group undertakings etc.
- 
41,914 
Accrued income and prepayments
22,875 
48,333 
Other debtors
7,000 
7,000 
270,301 
312,566 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
76,746 
74,656 
Trade creditors
63,384 
46,802 
Amounts owed to group undertakings and other participating interests
3,914 
40,231 
Taxes and social security
87,486 
99,204 
Other creditors
30,223 
15,062 
Accruals
26,461 
33,685 
Deferred income
37,727 
44,689 
325,941 
354,329 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
17,853 
55,170 
9
Controlling party
The controlling party is Digivate Group Limited by virtue of its 100% shareholding
10
Average number of employees
During the year the average number of employees was 20 (2022: 20).
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