Registered Number:07417981 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
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
Activation Digital Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
13,049
19,459
2
13,049
19,459
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
800
800
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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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. |
16 Top Floor
The Architecture Centre, 16 Narrow Quay
Bristol
BS1 4QA
The presentation currency is £ sterling. |
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: |
Computer Equipment
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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For the year ended 31 March 2024
Activation Digital Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
53,505
2,272
(12,494)
43,283
Provision for depreciation and impairment |
34,046
Charge for year
7,568
(11,380)
30,234
13,049
19,459
3. Trade and other receivables |
2023
2024
260,917
139,034
5,596
6,635
145,669
266,513
4. Trade and other payables: amounts falling due within one year |
2023
2024
49,862
18,108
Taxation and social security |
122,016
37,357
126,768
191,668
298,646
247,133
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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: |
Matthew Ramsey - £56,645 £ 71,452 |
Daniel Hirons - £ 29,052 £ 43,966 |
6. Guarantees and other financial 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
14,738
14,738
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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