Amadeus Software Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02618399 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

AMADEUS SOFTWARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Morris

Mrs T C Morris

SECRETARY:

Mrs T C Morris

REGISTERED OFFICE:

The Old School Hall

11 Wesley Walk

Witney

Oxfordshire

OX28 6ZJ

REGISTERED NUMBER:

02618399 (England and Wales)

ACCOUNTANTS:

Jamesons Limited

Jamesons House

Compton Way

Witney

OX28 3AB

ASSETS

FIXED ASSETS

Tangible assets

4

1,248,756

1,222,399

Investment property

5

103,510

103,510

1,352,266

1,325,909

CURRENT ASSETS

Debtors

6

688,395

770,978

Cash at bank

90,279

66,421

778,674

837,399

2,130,940

2,163,308

CAPITAL, RESERVES AND LIABILITIES

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

612,907

670,929

SHAREHOLDERS' FUNDS

613,907

671,929

PROVISIONS FOR LIABILITIES

13,982

12,515

CREDITORS

8

1,503,051

1,478,864

2,130,940

2,163,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 17 July 2019 and were signed on its behalf by:

D Morris - Director

1.	STATUTORY INFORMATION

Amadeus Software 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

Going concern

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 comprises the net invoiced sales during the year, excluding value added tax.

Sales relating to support contracts and training courses for future periods are not recognised in the year and

are included in deferred income in the balance sheet.

Tangible fixed assets

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

Land and buildings

-

2% on cost and in accordance with the property

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 37 (2018 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2018

1,264,282

294,306

1,558,588

Additions

257,007

296

257,303

Disposals

(198,233

)

-

(198,233

)

At 31 March 2019

1,323,056

294,602

1,617,658

DEPRECIATION

At 1 April 2018

81,585

254,604

336,189

Charge for year

31,232

17,271

48,503

Eliminated on disposal

(15,790

)

-

(15,790

)

At 31 March 2019

97,027

271,875

368,902

NET BOOK VALUE

At 31 March 2019

1,226,029

22,727

1,248,756

At 31 March 2018

1,182,697

39,702

1,222,399

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

and 31 March 2019

103,510

NET BOOK VALUE

At 31 March 2019

103,510

At 31 March 2018

103,510

The investment property is being shown at its purchase price within the financial statements. The director

states that this is a fair market value for the property at the balance sheet date.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

349,086

424,769

Other debtors

339,309

346,209

688,395

770,978

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

880

A Ordinary

£1

880

880

40

B Ordinary

£1

40

40

40

C Ordinary

£1

40

40

40

D Ordinary

£1

40

40

1,000

1,000

8.

CREDITORS

2019

2018

£

£

Amounts falling due within one year:

Bank loans and overdrafts

36,978

26,366

Trade creditors

160,771

168,060

Taxation and social security

133,705

193,397

Other creditors

560,632

560,042

892,086

947,865

2019

2018

£

£

Amounts falling due after more than one year:

Bank loans

548,829

491,533

Other creditors

62,136

39,466

610,965

530,999

Aggregate amounts

1,503,051

1,478,864

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

400,916

386,068

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2019

2018

£

£

Within one year

18,776

37,552

Between one and five years

-

18,776

18,776

56,328

10.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank loans

585,807

517,899

The bank overdraft is secured by way of a legal charge by NatWest Bank plc over all the property or

undertaking of the company.

The bank loan is secured by way of a legal charge by NatWest Bank plc over the company's freehold property.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors' subsisted during the years ended 31 March 2019 and

31 March 2018:

2019

2018

£

£

Balance outstanding at start of year

248,568

239,652

Amounts advanced

254,968

260,139

Amounts repaid

(258,574

)

(251,223

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of the year

244,962

248,568