DigitalML Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04013647 (England and Wales)

Abbreviated Accounts for the Year Ended 31 December 2015

for

DIGITALML LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr J Sindall

SECRETARY:

Ms D Bentley

REGISTERED OFFICE:

2 Chepstow Place

London

W2 4TA

REGISTERED NUMBER:

04013647 (England and Wales)

ACCOUNTANTS:

THB LLP

1 & 2 Studley Court Mews

Studley Court

Guildford Road

Chobham

Surrey

GU24 8EB

FIXED ASSETS

Tangible assets

2

55,950

72,063

Investments

3

1,500,000

-

1,555,950

72,063

CURRENT ASSETS

Debtors

2,177,660

1,967,528

Cash at bank

190,263

571,964

2,367,923

2,539,492

CREDITORS

Amounts falling due within one year

710,351

32,374

NET CURRENT ASSETS

1,657,572

2,507,118

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,213,522

2,579,181

CAPITAL AND RESERVES

Called up share capital

4

84,268

Share premium

2,279

Profit and loss account

3,126,975

2,492,634

SHAREHOLDERS' FUNDS

3,213,522

2,579,181

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 6 July 2016 and were signed by:

Mr J Sindall - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

217,667

Additions

4,256

At 31 December 2015

221,923

DEPRECIATION

At 1 January 2015

145,604

Charge for year

20,369

At 31 December 2015

165,973

NET BOOK VALUE

At 31 December 2015

55,950

At 31 December 2014

72,063

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

1,500,000

At 31 December 2015

1,500,000

NET BOOK VALUE

At 31 December 2015

1,500,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

381,500

Ordinary A

1p

3,815

90,050

Ordinary B

1p

901

7,600,024

Ordinary C

1p

76,000

355,212

Ordinary D

1p

3,552

84,268