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REGISTERED NUMBER: 04013647 (England and Wales)















Financial Statements for the Year Ended 31 December 2021

for

DIGITALML LIMITED

DIGITALML LIMITED (REGISTERED NUMBER: 04013647)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DIGITALML LIMITED

Company Information
for the Year Ended 31 December 2021







DIRECTOR: Mr J Sindall





SECRETARY: Ms D Bentley





REGISTERED OFFICE: 2 Chepstow Place
London
W2 4TA





REGISTERED NUMBER: 04013647 (England and Wales)





ACCOUNTANTS: THB LLP
1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB

DIGITALML LIMITED (REGISTERED NUMBER: 04013647)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,500,000 1,500,000
Tangible assets 5 43,135 43,883
1,543,135 1,543,883

CURRENT ASSETS
Debtors 6 4,056,160 3,176,562
Cash at bank 2,582,248 2,305,175
6,638,408 5,481,737
CREDITORS
Amounts falling due within one year 7 82,848 80,062
NET CURRENT ASSETS 6,555,560 5,401,675
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,098,695

6,945,558

CAPITAL AND RESERVES
Called up share capital 8 350,060 350,060
Share premium 9 2,279 2,279
Retained earnings 9 7,746,356 6,593,219
SHAREHOLDERS' FUNDS 8,098,695 6,945,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 August 2022 and were signed by:



Mr J Sindall - Director


DIGITALML LIMITED (REGISTERED NUMBER: 04013647)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

DigitalML Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Fixture and fittings - 25% on reducing balance
Computer equipments - 33% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2020 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2021
and 31 December 2021 1,500,000
NET BOOK VALUE
At 31 December 2021 1,500,000
At 31 December 2020 1,500,000

DIGITALML LIMITED (REGISTERED NUMBER: 04013647)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2021 179,455 107,516 286,971
Additions 8,729 8,094 16,823
At 31 December 2021 188,184 115,610 303,794
DEPRECIATION
At 1 January 2021 148,704 94,384 243,088
Charge for year 10,568 7,003 17,571
At 31 December 2021 159,272 101,387 260,659
NET BOOK VALUE
At 31 December 2021 28,912 14,223 43,135
At 31 December 2020 30,751 13,132 43,883

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Intercompany-DigitalML USA Inc 3,720,252 2,915,615
Directors' current accounts 302,349 219,983
VAT 15,619 17,756
Prepayments 17,940 23,208
4,056,160 3,176,562

Intercompany balance consists of £3,720,251 (2020 : £2,915,613) owed by DigitalML USA Inc, a company incorporated in the United State of America. DigitalML Limited owned 100% of the issued share capital of DigitalML USA Inc.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors 30,625 18,230
Tax 334 127
Social security and other taxes 36,231 45,052
Other creditor- PAYE repayment 12,258 12,258
Accrued expenses 3,400 4,395
82,848 80,062

DIGITALML LIMITED (REGISTERED NUMBER: 04013647)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.20 31.12.19
value: £ £
381,500 Ordinary A 1p 3,815 3,815
68,906 Ordinary B 1p 689 689
30,866,727 Ordinary C 1p 308,667 310,910
3,688,894 Ordinary D 1p 36,889 36,889

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2021 6,593,219 2,279 6,595,498
Profit for the year 1,153,137 1,153,137
At 31 December 2021 7,746,356 2,279 7,748,635

10. RELATED PARTY DISCLOSURES

At the year end the director owed an amount of £302,349 (2020 : £219,983) to the company.