Digivate Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03562659 (England and Wales)

Abbreviated Accounts for the Year Ended 31 January 2014

for

Digivate Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr M Thom

Mr M Bodoano

REGISTERED OFFICE:

83/84 Long Acre

London

WC2E 9NG

REGISTERED NUMBER:

03562659 (England and Wales)

ACCOUNTANTS:

Blackborn Ltd

131 High Street

Chalfont St Peter

Buckinghamshire

SL9 9QJ

FIXED ASSETS

Tangible assets

2

9,570

9,350

CURRENT ASSETS

Debtors

283,239

215,074

Cash at bank

30,148

1

313,387

215,075

CREDITORS

Amounts falling due within one year

3

462,832

506,384

NET CURRENT LIABILITIES

(149,445

)

(291,309

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(139,875

)

(281,959

)

CAPITAL AND RESERVES

Called up share capital

4

17,820

17,820

Share premium

311,845

311,845

Profit and loss account

(469,540

)

(611,624

)

SHAREHOLDERS' FUNDS

(139,875

)

(281,959

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 13 August 2014 and were signed on its behalf by:

Mr M Thom - 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 April 2008).

Tangible fixed assets

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

Computer equipment

-

33% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2013

127,016

Additions

3,617

At 31 January 2014

130,633

DEPRECIATION

At 1 February 2013

117,666

Charge for year

3,397

At 31 January 2014

121,063

NET BOOK VALUE

At 31 January 2014

9,570

At 31 January 2013

9,350

3.

CREDITORS

Creditors include an amount of £ 0 (31/1/13 - £ 8,192 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/1/14

31/1/13

value:

£

£

1,781,999

Ordinary

£1

17,820

17,820

5.	ULTIMATE PARENT COMPANY

Just Data Systems Ltd is regarded by the directors as being the company's ultimate parent company.