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IDIGITAL INVESTMENTS LIMITED
REGISTERED NUMBER: 09238878
ABBREVIATED BALANCE SHEET
AS AT 31 MARCH 2016
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CREDITORS: amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the Period in question in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 March 2016 and of its profit for the Period in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 21 June 2016.
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J H Page
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The notes on pages 2 to 3 form part of these financial statements.
Page 1
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IDIGITAL INVESTMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 MARCH 2016
1.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.
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Turnover comprises revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax.
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Investments held as fixed assets are shown at cost less provision for impairment.
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2.FIXED ASSET INVESTMENTS
Subsidiary undertakings
The following were subsidiary undertakings of the company at 31 March 2016:
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iDigital Graphics Limited
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iDigital Services Limited
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The above companies are incorporated and registered in England and Wales.
Page 2
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IDIGITAL INVESTMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 MARCH 2016
3.SHARE CAPITAL
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Allotted, called up and fully paid
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6,800,200 ordinary shares shares of £1 each
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9,070 A ordinary shares of £1 each
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16,330 B ordinary shares of £1 each
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The company was incorporated on 29 September 2014 and issued 100 £1 ordinary shares at par.
On 3 November 2014, the company acquired the entire share capital of iDigital Graphics Limited and iDigital Services Limited and on 12 December 2014 acquired the entire share capital of iDynamics Limited. No cash was involved in these transactions but 6,800,000 ordinary £1 shares, 9070 A ordinary shares and 16,330 £1 B ordinary shares were allotted.
Ordinary shares give rise to one vote per member on a show of hands and one vote per share on a poll, an independent right to dividends, a right to repayment at par in a winding up and a right to participate in any surplus assets on a pro rata basis.
A ordinary shares do not give a right to vote whether individually or as a class but do give an independent right to dividends. Shares are redeemable at par in whole or in part on the earlier of (i) the winding up of the company, and (ii) the passing of an ordinary resolution by the holders of the Ordinary shares approving such redemption.
B ordinary shares do not give a right to vote whether individually or as a class but do give an independent right to dividends. B ordinary shares give a right to repayment at par in a winding up with no further right to participate in any surplus.
None of the issued shares are reedeemable.
4.CONTROLLING PARTY
In the opinion of the directors there was no ultimate controlling party during the period.
Page 3
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