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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
Page
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Technative Digital Ltd Company Information for the year ended 31 August 2024
Director
Daniel Wallman
Company Number
14306044 (England and Wales)
Registered Office
Sussex Innovation Centre Brighton East Sussex BN1 9SB United Kingdom
Accountants
Collective Concepts Accounting Ltd
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Technative Digital Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,144 
960 
Current assets
Debtors
18,592 
2,250 
Cash at bank and in hand
5,247 
4,488 
23,839 
6,738 
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)
Capital and reserves
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
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Technative Digital Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
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.
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 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
Foreign exchange
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.
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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 
Additions
169 
2,139 
2,308 
At 31 August 2024
169 
3,579 
3,748 
Depreciation
At 1 September 2023
- 
480 
480 
Charge for the year
23 
1,101 
1,124 
At 31 August 2024
23 
1,581 
1,604 
Net book value
At 31 August 2024
146 
1,998 
2,144 
At 31 August 2023
- 
960 
960 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
18,200 
2,250 
Accrued income and prepayments
392 
- 
18,592 
2,250 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,976 
1,565 
Trade creditors
3,595 
529 
Taxes and social security
3,689 
- 
Loans from directors
3,285 
9,453 
Accruals
850 
850 
19,395 
12,397 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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