Orpheus Software Ventures Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09147362 (England and Wales)

Unaudited Financial Statements

for the Period 1 August 2016 to 30 July 2017

for

Orpheus Software Ventures Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P S D Storey

B C Gower

REGISTERED OFFICE:

Clay Barn

Ipsley Court

Berrington Close

Redditch

Worcestershire

B98 0TJ

REGISTERED NUMBER:

09147362 (England and Wales)

ACCOUNTANTS:

Clay Knox Ltd

Clay Barn

Ipsley Court

Berrington Close

Redditch

Worcestershire

B98 0TJ

FIXED ASSETS

Tangible assets

4

10,158

3,322

CURRENT ASSETS

Debtors

132,461

158,498

Cash at bank

50,806

90,839

183,267

249,337

CREDITORS

Amounts falling due within one year

71,961

72,312

NET CURRENT ASSETS

111,306

177,025

TOTAL ASSETS LESS CURRENT LIABILITIES

121,464

180,347

CAPITAL AND RESERVES

Called up share capital

5

104

103

Retained earnings

6

121,360

180,244

SHAREHOLDERS' FUNDS

121,464

180,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 July 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 July 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 30 July 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 September 2018 and were signed on its behalf by:

B C Gower - Director

1.	STATUTORY INFORMATION

Orpheus Software Ventures 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 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 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.

Plant and machinery etc

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2016 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2016

5,275

Additions

10,873

At 30 July 2017

16,148

DEPRECIATION

At 1 August 2016

1,953

Charge for period

4,037

At 30 July 2017

5,990

NET BOOK VALUE

At 30 July 2017

10,158

At 31 July 2016

3,322

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

99

Ordinary

£1

99

99

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

1

Ordinary C

£1

1

1

1

Ordinary D

£1

1

1

1

Ordinary E

£1

1

-

104

103

Allotted and issued:

Number:

Class:

Nominal

2017

2016

value:

£

£

1

Share capital 6

£1

1

-

The following shares were issued during the period for cash at par :

1 Ordinary E share of £1

6.

RESERVES

Retained

earnings

£

At 1 August 2016

180,244

Profit for the period

293,280

Dividends

(352,164

)

At 30 July 2017

121,360

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 July 2017 and the year ended

31 July 2016:

2017

2016

£

£

P S D Storey

Balance outstanding at start of period

13,103

86,728

Amounts advanced

88,597

159,766

Amounts repaid

(65,175

)

(233,391

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

36,525

13,103

B C Gower

Balance outstanding at start of period

127,467

42,455

Amounts advanced

136,660

223,963

Amounts repaid

(272,763

)

(138,951

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(8,636

)

127,467

Interest is charged on overdrawn balances at a rate of 3% per HMRC guidelines. The total interest charged during the

year was £1,772 (2016 - £3,841).