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AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017 |
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DIGITALIS REPUTATION LIMITED |
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REGISTERED NUMBER:
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AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017 |
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FOR |
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DIGITALIS REPUTATION LIMITED |
DIGITALIS REPUTATION LIMITED (REGISTERED NUMBER: 07034540) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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DIGITALIS REPUTATION LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Accountants and Statutory Auditors |
75 Park Lane |
Croydon |
Surrey |
CR9 1XS |
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SOLICITORS: |
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68 Beverley Road |
Barming |
Maidstone |
Kent |
ME16 9JR |
DIGITALIS REPUTATION LIMITED (REGISTERED NUMBER: 07034540) |
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BALANCE SHEET |
31 MARCH 2017 |
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2017 | 2016 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 3 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Share premium | 6 |
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Retained earnings | 6 | ( |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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DIGITALIS REPUTATION LIMITED (REGISTERED NUMBER: 07034540) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
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1. | STATUTORY INFORMATION |
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Digitalis Reputation Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents the invoiced value of goods and services supplied to customers net of value added tax. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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Cash flow statement |
The company qualifies as a small company under the Companies Act 2006. The directors have elected to take |
advantage of the exemption under the FRSSE not to prepare a cash flow statement. |
DIGITALIS REPUTATION LIMITED (REGISTERED NUMBER: 07034540) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
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3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors |
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Amounts due from parent |
company | 220,158 | 447,608 |
Accrued income |
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Prepayments |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Other creditors |
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Accruals and deferred income |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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Ordinary | £1 | 5,500 | 5,500 |
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6. | RESERVES |
Retained | Share |
earnings | premium | Totals |
£ | £ | £ |
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At 1 April 2016 | ( |
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419,345 |
Deficit for the year | ( |
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At 31 March 2017 | ( |
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290,986 |
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7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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8. | RELATED PARTY DISCLOSURES |
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During the year, the company was recharged cost of sales and overheads amounting to £2,022,254 (2016 : |
£2,015,147) from its parent company, at arms length. The company recharged sales of £539,284 (2016: |
£592,640) to its fellow subsidiary Digitalis Response Limited, through the parent company. The amount due |
from the parent company at year end is £220,158 (2016 : £447,608). |
DIGITALIS REPUTATION LIMITED (REGISTERED NUMBER: 07034540) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
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9. | CONTROLLING PARTY |
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The directors regard Digitalis Media Limited, a company incorporated in Great Britain, as the company's parent |
undertaking. |
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Digitalis Media Limited is the parent undertaking of the largest group of which Digitalis Reputation Limited is a |
member. Group accounts have not been prepared as the group qualifies as a small group under Section 383 of the |
Companies Act 2006. |
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10. | FIRST YEAR ADOPTION |
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The company has adopted FRS102 (section 1A) for the first time in this year. There are no adjustments arising |
on transition. |