Draw Digital Ltd (formerly known as Last Exit London Limited)

DRAW CREATE LIMITED - Company Information

true Fork Digital Limited 1st Floor Building 1/2, The Leathermarket Weston Street, London, SE1 3ER true 1 January 2013 31 December 2013 31 December 2013 true false 04943890 true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04943890 2012-12-31 04943890 2013-12-31 04943890 2013-01-01 2013-12-31 04943890 uk-gaap:RestatedAmount 2012-12-31 04943890 uk-gaap:RestatedAmount 2013-12-31 04943890 uk-gaap:NetGoodwill 2012-12-31 04943890 uk-gaap:NetGoodwill 2013-12-31 04943890 uk-gaap:NetGoodwill 2013-01-01 2013-12-31 04943890 uk-gaap:OtherIntangibleFixedAssets 2013-01-01 2013-12-31 04943890 uk-gaap:IntangibleAssetsOtherThanGoodwill 2012-12-31 04943890 uk-gaap:IntangibleAssetsOtherThanGoodwill 2013-12-31 04943890 uk-gaap:IntangibleAssetsOtherThanGoodwill 2013-01-01 2013-12-31 04943890 uk-gaap:DevelopmentCosts 2012-12-31 04943890 uk-gaap:DevelopmentCosts 2013-12-31 04943890 uk-gaap:DevelopmentCosts 2013-01-01 2013-12-31 04943890 uk-gaap:LandBuildings 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Registered number: 04943890

Draw Digital Ltd (formerly known as Last Exit London Limited)

Abbreviated accounts

For The Year Ended 31 December 2013

Green and Purple Limited

Ebenezer House

Rooks Street

Cottenham

Cambridge

CB24 8QZ

Draw Digital Ltd (formerly known as Last Exit London Limited)

Company No. 04943890

Abbreviated Balance Sheet 31 December 2013

Abbreviated Balance Sheet

		2013		2012
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	2		41,830		59,804

			41,830		59,804
CURRENT ASSETS
Debtors		674,562		671,182
Cash at bank and in hand		-		41,169

		674,562		712,351
Creditors: Amounts Falling Due Within One Year		(610,154)		(599,325)

NET CURRENT ASSETS (LIABILITIES)			64,408		113,026

TOTAL ASSETS LESS CURRENT LIABILITIES			106,238		172,830

PROVISIONS FOR LIABILITIES
Deferred Taxation			(9,494)		(9,494)

NET ASSETS			96,744		163,336

CAPITAL AND RESERVES
Called up share capital	3		26,578		26,578
Share premium account			13,600		13,600
Profit and Loss account			56,566		123,158

SHAREHOLDERS' FUNDS			96,744		163,336

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Draw Digital Ltd (formerly known as Last Exit London Limited)

Company No. 04943890

Abbreviated Balance Sheet (continued) 31 December 2013

For the year ending 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

On behalf of the board

Mr F D Brown

25/09/2014

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Draw Digital Ltd (formerly known as Last Exit London Limited)

Notes to the Abbreviated Accounts

For The Year Ended 31 December 2013

Notes to the Abbreviated Accounts

Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

25% Straight Line

Deferred Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

Tangible Assets


	Total
Cost	£
As at 1 January 2013	126,188
Additions	7,818

As at 31 December 2013	134,006

Depreciation
As at 1 January 2013	66,384
Provided during the period	25,792

As at 31 December 2013	92,176

Net Book Value
As at 31 December 2013	41,830

As at 1 January 2013	59,804

Page 3

Draw Digital Ltd (formerly known as Last Exit London Limited)

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 December 2013

Share Capital

	Value	Number	2013	2012
Allotted, called up and fully paid:	£		£	£
Ordinary shares	1.000	1578	1,578	1,578


Preference shares	1.000	25000	25,000	25,000



		26578	26,578	26,578

Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Fork Digital Limited. The company is part of a small group and, as such, not required to prepare group financial statements. The ultimate controlling party is Fork Digital Limited who controls the shares of Draw Digital Ltd (formerly known as Last Exit London Limited).

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