Company Registration No. 14306044 (England and Wales)
Technative Digital Ltd
Unaudited accounts
for the year ended 31 August 2024
Technative Digital Ltd
Unaudited accounts
Contents
Technative Digital Ltd
Company Information
for the year ended 31 August 2024
Company Number
14306044 (England and Wales)
Registered Office
Sussex Innovation Centre
Brighton
East Sussex
BN1 9SB
United Kingdom
Accountants
Collective Concepts Accounting Ltd
Technative Digital Ltd
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
5,247
4,488
Creditors: amounts falling due within one year
(19,395)
(12,397)
Net current assets/(liabilities)
4,444
(5,659)
Net assets/(liabilities)
6,588
(4,699)
Called up share capital
1
1
Profit and loss account
6,587
(4,700)
Shareholders' funds
6,588
(4,699)
For the year ending 31 August 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 29 January 2025 and were signed on its behalf by
Daniel Wallman
Director
Company Registration No. 14306044
Technative Digital Ltd
Notes to the Accounts
for the year ended 31 August 2024
Technative Digital Ltd is a private company, limited by shares, registered in England and Wales, registration number 14306044. The registered office is Sussex Innovation Centre, Brighton, East Sussex, BN1 9SB, 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.
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.
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 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:
Fixtures & fittings
33% SLM
Computer equipment
33% SLM
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Technative Digital Ltd
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
-
1,440
1,440
At 31 August 2024
169
3,579
3,748
At 1 September 2023
-
480
480
Charge for the year
23
1,101
1,124
At 31 August 2024
23
1,581
1,604
At 31 August 2024
146
1,998
2,144
At 31 August 2023
-
960
960
Amounts falling due within one year
Trade debtors
18,200
2,250
Accrued income and prepayments
392
-
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,689
-
Loans from directors
3,285
9,453
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).