Company Registration No. 6244208 (England and Wales)
Digivate Agency Ltd
Unaudited accounts
for the year ended 31 December 2022
Digivate Agency Ltd
Unaudited accounts
Contents
Digivate Agency Ltd
Company Information
for the year ended 31 December 2022
Directors
Clinton Gomer
Mark Gomer
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 2022
Tangible assets
13,483
10,597
Cash at bank and in hand
369,121
323,231
Creditors: amounts falling due within one year
(354,329)
(270,733)
Net current assets
327,358
365,349
Total assets less current liabilities
353,370
388,475
Creditors: amounts falling due after more than one year
(55,170)
(89,318)
Net assets
298,200
299,157
Called up share capital
2
2
Profit and loss account
298,198
299,155
Shareholders' funds
298,200
299,157
For the year ending 31 December 2022 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 6 September 2023 and were signed on its behalf by
Clinton Gomer
Director
Company Registration No. 6244208
Digivate Agency Ltd
Notes to the Accounts
for the year ended 31 December 2022
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.
4
Tangible fixed assets
Fixtures & fittings
At 31 December 2022
29,337
At 31 December 2022
15,854
At 31 December 2022
13,483
At 31 December 2021
10,597
Digivate Agency Ltd
Notes to the Accounts
for the year ended 31 December 2022
5
Investments
Subsidiary undertakings
Valuation at 1 January 2022
12,529
Valuation at 31 December 2022
12,529
Amounts falling due within one year
Trade debtors
215,319
157,524
Amounts due from group undertakings etc.
41,914
130,558
Accrued income and prepayments
48,333
21,714
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
74,656
61,606
Trade creditors
46,802
50,423
Amounts owed to group undertakings and other participating interests
40,231
598
Taxes and social security
99,204
57,629
Other creditors
15,062
20,448
Deferred income
44,689
46,345
8
Creditors: amounts falling due after more than one year
2022
2021
The controlling party is Digivate Group Limited by virtue of its 100% shareholding
10
Average number of employees
During the year the average number of employees was 20 (2021: 17).