2023-04-01 07417981 2024-03-31 07417981 2023-04-01 2024-03-31 07417981 2023-03-31 07417981 2022-04-01 2023-03-31 07417981 uk-core:WithinOneYear 2023-03-31 07417981 uk-core:WithinOneYear 2024-03-31 07417981 uk-core:ShareCapital 2024-03-31 07417981 uk-core:ShareCapital 2023-03-31 07417981 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 07417981 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 07417981 uk-bus:Director1 2023-04-01 2024-03-31 07417981 uk-bus:Director2 2023-04-01 2024-03-31 07417981 uk-core:ComputerEquipment 2023-04-01 2024-03-31 07417981 uk-core:OfficeEquipment 2023-04-01 2024-03-31 07417981 uk-core:BetweenTwoFiveYears 2023-03-31 07417981 uk-core:BetweenTwoFiveYears 2024-03-31 iso4217:GBP xbrli:pure 07417981 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07417981 uk-bus:FRS102 2023-04-01 2024-03-31 07417981 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 07417981 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Activation Digital Ltd
Registered Number:07417981
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Activation Digital Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07417981
As at 31 March 2024
Activation Digital Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
13,049
19,459
2
13,049
19,459
Current assets
Trade and other receivables
145,669
266,513
3
310,314
Cash and cash equivalents
222,995
489,508
455,983
Trade and other payables: amounts falling due within one year
(247,133)
(298,646)
4
208,850
190,862
Net current assets
Total assets less current liabilities
203,911
228,309
(3,458)
(3,697)
Provisions for liabilities
200,453
Net assets
224,612
Capital and reserves
Called up share capital
800
800
Retained earnings
199,653
223,812
200,453
224,612
Shareholders' funds
For the year ended 31 March 2024 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 2024 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 12 June 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2024
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.
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5
For the year ended 31 March 2024
Activation Digital Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Computer
Equipment
£
Cost or valuation
At 01 April 2023
53,505
2,272
Additions
Disposals
(12,494)
At 31 March 2024
43,283
Provision for depreciation and impairment
At 01 April 2023
34,046
Charge for year
7,568
(11,380)
On disposal
At 31 March 2024
30,234
At 31 March 2024
Net book value
13,049
At 31 March 2023
19,459
3. Trade and other receivables
2023
2024
£
£
Trade debtors
260,917
139,034
Other debtors
5,596
6,635
145,669
266,513
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
49,862
18,108
Taxation and social security
122,016
37,357
Other creditors
126,768
191,668
298,646
247,133
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6
For the year ended 31 March 2024
Activation Digital Ltd
Notes to the Financial Statements Continued
5. Related party transactions
Amounts owed to related Parties were as follows:
31/03/2024 31/03/2023
Matthew Ramsey - £56,645 £ 71,452
Director
Daniel Hirons - £ 29,052 £ 43,966
Director
6. Guarantees and other financial commitments
Lease commitments
At 31 March 2024 the company had annual commitments under non-cancellable operating leases as set out below:
2023
£
2024
£
Operating leases which expire:
14,738
14,738
Within 1 year
14,738
14,738
Within 2 to 5 years
29,476
29,476
7. Average number of persons employed
During the year the average number of employees was 13 (2023 : 13)
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