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Registration number: 07121888

Digital Identity Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2016
 

Gordon Levy Accountants
Arthur House
Chorlton Street
Manchester
M1 3FH

 

Digital Identity Limited
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3 to 4

 

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
Digital Identity Limited
for the Year Ended 31 January 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Digital Identity Limited for the year ended 31 January 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 Digital Identity Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Digital Identity 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 Digital Identity Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Digital Identity 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 Digital Identity Limited. You consider that Digital Identity 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 Digital Identity 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.

......................................

Gordon Levy Accountants
Arthur House
Chorlton Street
Manchester
M1 3FH

27 September 2016

 

Digital Identity Limited
(Registration number: 07121888)
Abbreviated Balance Sheet at 31 January 2016

   

Note

   

2016
£

   

2015
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

506

   

359

 

Current assets

 

             

Debtors

 

   

4,600

   

975

 

Cash at bank and in hand

 

   

1,538

   

2,455

 
   

   

6,138

   

3,430

 

Creditors: Amounts falling due within one year

 

   

(8,725)

   

(420)

 

Net current (liabilities)/assets

 

   

(2,587)

   

3,010

 

Total assets less current liabilities

 

   

(2,081)

   

3,369

 

Creditors: Amounts falling due after more than one year

 

   

-

   

(11,596)

 

Net liabilities

 

   

(2,081)

   

(8,227)

 

Capital and reserves

 

             

Called up share capital

 

3

   

1

   

1

 

Profit and loss account

 

   

(2,082)

   

(8,228)

 

Shareholders' deficit

 

   

(2,081)

   

(8,227)

 

For the year ending 31 January 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 27 September 2016

.........................................
Peter Birkinshaw
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

Digital Identity Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

1

Accounting policies

Basis of preparation

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 January 2015).

Turnover

Turnover represents amounts chargeable in respect of the sale of services to customers.

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

Office equipment

33.33% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 February 2015

 

3,800

   

3,800

 

Additions

 

542

   

542

 

At 31 January 2016

 

4,342

   

4,342

 

Depreciation

           

At 1 February 2015

 

3,441

   

3,441

 

Charge for the year

 

395

   

395

 

At 31 January 2016

 

3,836

   

3,836

 

Net book value

           

At 31 January 2016

 

506

   

506

 

At 31 January 2015

 

359

   

359

 
 

Digital Identity Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

1

   

1

   

1

   

1