Domino Data Lab Limited
Notes to the Financial Statements
For the Year Ended 31 January 2024
Domino Data Lab Limited is a private company limited by shares and is registered and incorporated in
England and Wales. The registered office is 1st Floor West, Davidson House, Forbury Square, Reading, Berkshire, RG1 3EU.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The following principal accounting policies have been applied:
Turnover in respect of the provision of sales and customer support provided to Domino Data Lab, Inc. is calculated as attributable cost plus a mark up, in accordance with an intercompany agreements between Domino Data Lab Limited and Domino Data Lab, Inc.
Page 4
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Domino Data Lab Limited
Notes to the Financial Statements
For the Year Ended 31 January 2024
2.Accounting policies (continued)
The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme). Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period. Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.
Page 5
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Domino Data Lab Limited
Notes to the Financial Statements
For the Year Ended 31 January 2024
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Page 6
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Domino Data Lab Limited
Notes to the Financial Statements
For the Year Ended 31 January 2024
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Page 7
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Domino Data Lab Limited
Notes to the Financial Statements
For the Year Ended 31 January 2024
Page 8
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Domino Data Lab Limited
Notes to the Financial Statements
For the Year Ended 31 January 2024
Page 9
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Domino Data Lab Limited
Notes to the Financial Statements
For the Year Ended 31 January 2024
Other reserves
The comparative Statement of Comprehensive, Balance Sheet and Statement of Changes in Equity have been restated. A share-based compensation scheme has been identified which has been applicable in the prior year with a material impact on the financial statements. Therefore the primary statements have been restated to include the share-based compensation expenditure and related impact turnover, receivables and the share premium account. This resulted in a net impact on the Statement of Comprehensive Income of a credit of £12,971. This also resulted in a credit of £162,134 to the share-based compensation reserve.
Domino Data Lab, Inc., a company incorporated in the United States of America, is the smallest group for
which the consolidated financial statements, including Domino Data Lab Limited are prepared. Copies of the financial statements can be obtained from 135 Townsend Street, Floor 5, San Francisco, CA 94107, United States of America.
The audit report was signed on
Page 10
|