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REGISTERED NUMBER: 11473886 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

DAPPER LABS LTD

DAPPER LABS LTD (REGISTERED NUMBER: 11473886)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAPPER LABS LTD

Company Information
for the year ended 31 December 2023







DIRECTORS: D T A Jones
M Howe
S Turtle





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 11473886 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

DAPPER LABS LTD (REGISTERED NUMBER: 11473886)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 199,724 94,585
Tangible assets 5 2,792 2,401
202,516 96,986

CURRENT ASSETS
Debtors 6 96,931 121,097
Cash at bank and in hand 64,952 133,762
161,883 254,859
CREDITORS
Amounts falling due within one year 7 (31,712 ) (46,186 )
NET CURRENT ASSETS 130,171 208,673
TOTAL ASSETS LESS CURRENT
LIABILITIES

332,687

305,659

PROVISIONS FOR LIABILITIES (456 ) (456 )
NET ASSETS 332,231 305,203

CAPITAL AND RESERVES
Called up share capital 8 3 3
Share premium 659,391 613,348
Retained earnings (327,163 ) (308,148 )
SHAREHOLDERS' FUNDS 332,231 305,203

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

DAPPER LABS LTD (REGISTERED NUMBER: 11473886)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





M Howe - Director


DAPPER LABS LTD (REGISTERED NUMBER: 11473886)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Dapper Labs Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the fair value of consideration received or receivable for providing software design, configuration and support services, net of discounts and VAT.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of seven years.

Tangible fixed assets
Tangible fixed assets are stated at cost, or deemed cost, less accumulated depreciation and accumulated impairment losses.

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

Plant and machinery etc-33% on cost
Computer equipment-33% on cost

Impairment
At each balance sheet date,the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Financial instruments
Financial liabilities, financial assets and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

DAPPER LABS LTD (REGISTERED NUMBER: 11473886)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid, the Company has no further payment obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability on the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Grant income
Grant income receivable is recognised as other operating income in the profit of loss account when there is reasonable assurance that the entity will comply with the conditions attached to the grant.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 110,349
Additions 141,054
At 31 December 2023 251,403
AMORTISATION
At 1 January 2023 15,764
Charge for year 35,915
At 31 December 2023 51,679
NET BOOK VALUE
At 31 December 2023 199,724
At 31 December 2022 94,585

DAPPER LABS LTD (REGISTERED NUMBER: 11473886)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023 287 3,498 3,785
Additions 979 1,415 2,394
At 31 December 2023 1,266 4,913 6,179
DEPRECIATION
At 1 January 2023 230 1,154 1,384
Charge for year 381 1,622 2,003
At 31 December 2023 611 2,776 3,387
NET BOOK VALUE
At 31 December 2023 655 2,137 2,792
At 31 December 2022 57 2,344 2,401

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,600 22,522
Other debtors 79,331 98,575
96,931 121,097

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 1,037
Trade creditors 13,230 10,729
Taxation and social security 2,877 27,884
Other creditors 15,605 6,536
31,712 46,186

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
337,949 Ordinary £0.00001 3.37 3.34
9,064 Ordinary B £0.00001 0.09 0.09
3.46 3.43

3,561 Ordinary shares were issued during the year at a premium of £12.93 per share.