AIM Advanced Information Management Soft - Limited company accounts 18.2

REGISTERED NUMBER: 10193954 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

AIM ADVANCED INFORMATION MANAGEMENT

SOFTWARE UK LIMITED

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

3

Income Statement

5

Other Comprehensive Income

6

Statement of Financial Position

7

Statement of Changes in Equity

8

Notes to the Financial Statements

9

DIRECTORS:

Ms. G Raman

J Kollross

J Sommeregger

REGISTERED OFFICE:

Third Floor

126-134 Baker Street

London

W1U 6UE

REGISTERED NUMBER:

10193954 (England and Wales)

AUDITORS:

Butler & Co LLP

Chartered Accountants

& Statutory Auditor

Third Floor

126-134 Baker Street

London

W1U 6UE

The directors present their report with the financial statements of the company for the year ended 31 December 2017.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of business and domestic software development and

provision of Enterprise Data Management Solutions.

REVIEW OF BUSINESS

In the opinion of the directors the business has performed satisfactorily and is well positioned to increase activity in 2018.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2017 to the date of this report.

Ms. G Raman

J Kollross

J Sommeregger

DIRECTORS' RESPONSIBILITIES STATEMENT

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law

and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected

to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom

Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable

in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are

satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that

period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's

transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that

the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company

and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of

which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in

order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of

that information.

AUDITORS

The auditors, Butler & Co LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

J Kollross - Director

25 October 2018

Opinion

We have audited the financial statements of AIM Advanced Information Management Software UK Limited (the 'company') for the

year ended 31 December 2017 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial

Position, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting

policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom

Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and

Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2017 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our

responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements

section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit

of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in

accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a

basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

-	the directors' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or

-

the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

Other information

The directors are responsible for the other information. The other information comprises the information in the Report of the

Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and we do not express any form of assurance

conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider

whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or

otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material

misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Directors has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not

identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our

opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the directors were not entitled to take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page two, the directors are responsible for the

preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the

directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due

to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern,

disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either

intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material

misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is

a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material

misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the

aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial

statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's

website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act

2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to

them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the

opinions we have formed.

Sanjeev Phadke (Senior Statutory Auditor)

for and on behalf of Butler & Co LLP

Chartered Accountants

& Statutory Auditor

Third Floor

126-134 Baker Street

London

W1U 6UE

25 October 2018

TURNOVER

1,044,329

247,993

Administrative expenses

991,617

241,820

OPERATING PROFIT

4

52,712

6,173

Interest payable and similar expenses

5

3

-

PROFIT BEFORE TAXATION

52,709

6,173

Tax on profit

6

11,015

1,235

PROFIT FOR THE FINANCIAL YEAR

41,694

4,938

PROFIT FOR THE YEAR

41,694

4,938

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

41,694

4,938

CURRENT ASSETS

Debtors

7

55,826

10,514

Cash at bank

34,683

-

90,509

10,514

CREDITORS

Amounts falling due within one year

8

42,877

4,576

NET CURRENT ASSETS

47,632

5,938

TOTAL ASSETS LESS CURRENT LIABILITIES

47,632

5,938

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

10

46,632

4,938

SHAREHOLDERS' FUNDS

47,632

5,938

The financial statements were authorised for issue by the Board of Directors on 25 October 2018 and were signed on its behalf by:

J Kollross - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Changes in equity

Issue of share capital

1,000

-

1,000

Total comprehensive income

-

4,938

4,938

Balance at 31 December 2016

1,000

4,938

5,938

Changes in equity

Total comprehensive income

-

41,694

41,694

Balance at 31 December 2017

1,000

46,632

47,632

1.	STATUTORY INFORMATION

AIM Advanced Information Management Software UK 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in accordance with applicable accounting standards.

Going Concern

The financial statements have been prepared on a going concern basis on the assumption that the company will continue to

trade in the foreseeable future. The Director's having made appropriate enquiries, consider that adequate resource exist for

the company in operational existence for the foreseeable future and with the continued support of the company's ultimate

shareholders, the company will be able to meet its liabilities as they fall due for payment. Therefore, the directors are of the

opinion that it is appropriate to adopt the going concern basis in preparing the financial statements for the year ended 31st

December 2017.

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as

permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

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 statement of financial position date.

Deferred tax

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

financial position 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.

3.	EMPLOYEES AND DIRECTORS

Period

23/5/16

Year ended

to

31/12/17

31/12/16

£

£

Wages and salaries

684,654

187,185

Social security costs

86,535

20,256

771,189

207,441

The average number of employees during the year was as follows:

Period

23/5/16

Year ended

to

31/12/17

31/12/16

Management

3

3

Consultants

5

4

8

7

Period

23/5/16

Year ended

to

31/12/17

31/12/16

£

£

Directors' remuneration

156,719

37,100

4.	OPERATING PROFIT

The operating profit is stated after charging:

Period

23/5/16

Year ended

to

31/12/17

31/12/16

£

£

Foreign exchange differences

2

-

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

23/5/16

Year ended

to

31/12/17

31/12/16

£

£

Late payment interest

3

-

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

Period

23/5/16

Year ended

to

31/12/17

31/12/16

£

£

Current tax:

UK corporation tax

11,015

1,235

Tax on profit

11,015

1,235

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

14,800

1,000

VAT

41,026

5,995

Prepayments

-

3,519

55,826

10,514

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

289

-

Amounts owed to group undertakings

1,718

1,341

Tax

11,015

1,235

Social security and other taxes

24,901

-

Accrued expenses

4,954

2,000

42,877

4,576

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

ordinary

£10

1,000

1,000

10.

RESERVES

Retained

earnings

£

At 1 January 2017

4,938

Profit for the year

41,694

At 31 December 2017

46,632

11.	RELATED PARTY DISCLOSURES

During the year the company invoiced a total of £1,044,329 (2016: £247,993) for the services provided to AIM Advanced

Information Management Software GmbH, a fellow subsidiary registered in Austria.

12.	CONTROLLING PARTY

The controlling party is AIM Software Luxembourg S.A.R.L; acompany registered in Luxembourg..