Company Registration No. 6244208 (England and Wales)
Digivate Agency Ltd
Unaudited accounts
for the year ended 31 December 2024
Digivate Agency Ltd
Unaudited accounts
Contents
Digivate Agency Ltd
Company Information
for the year ended 31 December 2024
Directors
Clinton Gomer
Mark Gomer
Gledsley Muller
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
Digivate Agency Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
5,919
11,158
Cash at bank and in hand
39,032
132,347
Creditors: amounts falling due within one year
(302,948)
(325,941)
Net current (liabilities)/assets
(97,056)
76,707
Total assets less current liabilities
(91,137)
100,394
Creditors: amounts falling due after more than one year
-
(17,853)
Net (liabilities)/assets
(91,137)
82,541
Called up share capital
2
2
Profit and loss account
(91,139)
82,539
Shareholders' funds
(91,137)
82,541
For the year ending 31 December 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 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 28 September 2025 and were signed on its behalf by
Gledsley Muller
Director
Company Registration No. 6244208
Digivate Agency Ltd
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
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 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.
These financial statements have been prepared on a going concern basis. At the balance sheet date, the company’s net liabilities amounted to £91,137. The directors have considered the company’s current financial position, forecast cash flows, and available facilities. The directors have also received confirmation that the shareholders will continue to provide financial support to the company for a period of at least 12 months from the date of approval of these financial statements.
On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.
Digivate Agency Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Fixtures & fittings
At 31 December 2024
38,397
At 31 December 2024
32,478
At 31 December 2023
11,158
5
Investments
Subsidiary undertakings
Valuation at 1 January 2024
12,529
Fair value adjustments
(12,529)
Valuation at 31 December 2024
-
Amounts falling due within one year
Trade debtors
156,663
240,426
Amounts due from group undertakings etc.
370
-
Accrued income and prepayments
9,827
22,875
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
38,536
76,746
Trade creditors
19,125
63,384
Amounts owed to group undertakings and other participating interests
-
3,914
Taxes and social security
102,151
87,486
Other creditors
64,783
30,223
Deferred income
78,353
37,727
Digivate Agency Ltd
Notes to the Accounts
for the year ended 31 December 2024
8
Creditors: amounts falling due after more than one year
2024
2023
The immediate parent company is Digivate Group Limited. The ultimate controlling party is The Learn, Apply, Repeat Group Limited.
10
Average number of employees
During the year the average number of employees was 14 (2023: 20).