Registration number:
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Digitati Limited
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4 ) have been prepared.
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Digitati Limited
for the Year Ended 31 March 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Digitati Limited for the year ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook .
This report is made solely to the Board of Directors of Digitati Limited, as a body, in accordance with the terms of our engagement letterdated 1 December 2011. Our work has been undertaken solely to prepare for your approval the accounts of Digitati Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Digitati Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Digitati Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Digitati Limited. You consider that Digitati Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Digitati Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Kennedy Legg
Accountants
Stafford House
10 Prince Of Wales Road
Dorchester
Dorset
DT1 1PW
24 November 2016
Digitati Limited
(Registration number: 04737859)
Abbreviated Balance Sheet at 31 March 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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- |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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- |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
Approved by the director on
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D J MacDonald
Director
2
Digitati Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Accounting policies |
Basis of preparation
Going concern
It is the intention of the directors and shareholders to continue to provide further support for the company should this be necessary.
On this assumption the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of this financial support. Should the going concern basis not be appropriate, adjustment would have to be made to reduce the value of assets to their realisible amount, to provide for any further liabilities that might arise and to reclassify fixed assets as current assets. It is the intention of the directors to continue to operate the company following the implementation of various procedural changes and to recoup losses.
Turnover
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Patents and licences |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
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Office equipment |
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Financial instruments
Digitati Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 April 2015 |
6,500 |
2,638 |
9,138 |
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Additions |
- |
417 |
417 |
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At 31 March 2016 |
6,500 |
3,055 |
9,555 |
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Depreciation |
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At 1 April 2015 |
6,500 |
2,638 |
9,138 |
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Charge for the year |
- |
105 |
105 |
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At 31 March 2016 |
6,500 |
2,743 |
9,243 |
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Net book value |
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At 31 March 2016 |
- |
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At 31 March 2015 |
- |
- |
- |
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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