Amadeus Software Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 02618399 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

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:

Mulberry House

9 Church Green

Witney

Oxfordshire

OX28 4AZ

REGISTERED NUMBER:

02618399 (England and Wales)

ACCOUNTANTS:

Jamesons Limited

Jamesons House

Compton Way

Witney

OX28 3AB

ASSETS

FIXED ASSETS

Tangible assets

4

339,329

232,870

Investment property

5

103,510

103,510

442,839

336,380

CURRENT ASSETS

Debtors

6

692,513

828,219

Cash at bank

423,605

454,926

1,116,118

1,283,145

1,558,957

1,619,525

CAPITAL, RESERVES AND LIABILITIES

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

533,624

627,499

SHAREHOLDERS' FUNDS

534,624

628,499

PROVISIONS FOR LIABILITIES

9,142

3,840

CREDITORS

8

1,015,191

987,186

1,558,957

1,619,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 5 June 2017 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 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.

Employee benefit trusts

The company has established a trust for the benefit of itself, its employees and dependents. Assets held in these trusts

are held by independent Trustees and managed at their discretion.

Where the company retains future economic benefits from and has de facto control of the assets and liabilities for the

trust, they are accounted for as assets and liabilities of the company.

Where monies held in a trust and the company can obtain no future economic benefit from these monies and the

company has got no de facto control of the assets and liabilities of the trust, such monies, whether in the trust or accrued

by the company are charged to the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2016

236,690

240,338

477,028

Additions

87,897

44,183

132,080

At 31 March 2017

324,587

284,521

609,108

DEPRECIATION

At 1 April 2016

26,749

217,409

244,158

Charge for year

9,684

15,937

25,621

At 31 March 2017

36,433

233,346

269,779

NET BOOK VALUE

At 31 March 2017

288,154

51,175

339,329

At 31 March 2016

209,941

22,929

232,870

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

and 31 March 2017

103,510

NET BOOK VALUE

At 31 March 2017

103,510

At 31 March 2016

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

2017

2016

£

£

Trade debtors

249,046

503,769

Other debtors

443,467

324,450

692,513

828,219

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

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

2017

2016

£

£

Amounts falling due within one year:

Bank loans and overdrafts

36,959

50,093

Trade creditors

41,600

38,919

Taxation and social security

117,185

228,995

Other creditors

594,251

516,050

789,995

834,057

2017

2016

£

£

Amounts falling due after more than one year:

Bank loans

133,290

138,906

Other creditors

91,906

14,223

225,196

153,129

Aggregate amounts

1,015,191

987,186

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

113,412

118,281

9.	LEASING AGREEMENTS

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

2017

2016

£

£

Within one year

37,500

37,500

Between one and five years

56,250

93,750

93,750

131,250

10.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank overdrafts

30,792

43,885

Bank loans

139,457

145,114

170,249

188,999

The bank overdraft is secured by way of a legal charge by Barclays Bank plc over all assets that are due or become due to

the company.

The bank loan is secured by way of a legal charge by Barclays 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 2017 and 31 March 2016:

2017

2016

£

£

D Morris and Mrs T C Morris

Balance outstanding at start of year

227,314

130,869

Amounts advanced

239,660

227,327

Amounts repaid

(227,322

)

(130,882

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

239,652

227,314