Caseware UK (AP4) 2023.0.135 2023.0.135 falsetrue2023-02-01Business and domestic software development3135truefalse 10873114 2023-02-01 2024-01-31 10873114 2022-02-01 2023-01-31 10873114 2024-01-31 10873114 2023-01-31 10873114 2022-02-01 10873114 c:PriorPeriodIncreaseDecrease 2023-02-01 2024-01-31 10873114 1 2023-02-01 2024-01-31 10873114 1 2022-02-01 2023-01-31 10873114 e:Director2 2023-02-01 2024-01-31 10873114 c:ComputerEquipment 2023-02-01 2024-01-31 10873114 c:ComputerEquipment 2024-01-31 10873114 c:ComputerEquipment 2023-01-31 10873114 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 10873114 c:CurrentFinancialInstruments 2024-01-31 10873114 c:CurrentFinancialInstruments 2023-01-31 10873114 c:CurrentFinancialInstruments c:WithinOneYear 2024-01-31 10873114 c:CurrentFinancialInstruments c:WithinOneYear 2023-01-31 10873114 c:ShareCapital 2024-01-31 10873114 c:ShareCapital 2023-01-31 10873114 c:ShareCapital 2022-02-01 10873114 c:OtherMiscellaneousReserve 2023-02-01 2024-01-31 10873114 c:OtherMiscellaneousReserve 2024-01-31 10873114 c:OtherMiscellaneousReserve c:PriorPeriodIncreaseDecrease 2023-02-01 2024-01-31 10873114 c:OtherMiscellaneousReserve 1 2023-02-01 2024-01-31 10873114 c:OtherMiscellaneousReserve 2023-01-31 10873114 c:OtherMiscellaneousReserve 2022-02-01 10873114 c:OtherMiscellaneousReserve 1 2022-02-01 2023-01-31 10873114 c:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 10873114 c:RetainedEarningsAccumulatedLosses 2024-01-31 10873114 c:RetainedEarningsAccumulatedLosses c:PriorPeriodIncreaseDecrease 2023-02-01 2024-01-31 10873114 c:RetainedEarningsAccumulatedLosses 1 2023-02-01 2024-01-31 10873114 c:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 10873114 c:RetainedEarningsAccumulatedLosses 2023-01-31 10873114 c:RetainedEarningsAccumulatedLosses 2022-02-01 10873114 c:RetainedEarningsAccumulatedLosses 1 2022-02-01 2023-01-31 10873114 c:AcceleratedTaxDepreciationDeferredTax 2024-01-31 10873114 c:AcceleratedTaxDepreciationDeferredTax 2023-01-31 10873114 e:FRS102 2023-02-01 2024-01-31 10873114 e:Audited 2023-02-01 2024-01-31 10873114 e:FullAccounts 2023-02-01 2024-01-31 10873114 e:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10873114 e:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10873114 c:ShareCapital 1 2023-02-01 2024-01-31 10873114 c:ShareCapital 1 2022-02-01 2023-01-31 10873114 f:PoundSterling 2023-02-01 2024-01-31 10873114 c:ShareCapital c:PriorPeriodErrorIncreaseDecrease 2023-02-01 2024-01-31 10873114 c:RetainedEarningsAccumulatedLosses c:PreviouslyStatedAmount 2023-01-31 10873114 c:PreviouslyStatedAmount 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 10873114










Domino Data Lab Limited










Financial statements

For the Year Ended 31 January 2024

 
Domino Data Lab Limited
Registered number: 10873114

Balance Sheet
As at 31 January 2024

2024
Restated
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
23,552
42,345

  
23,552
42,345

Current assets
  

Debtors: amounts falling due within one year
 5 
2,839,918
2,039,646

Cash at bank and in hand
 6 
244,028
215,073

  
3,083,946
2,254,719

Creditors: amounts falling due within one year
 7 
(934,310)
(786,875)

Net current assets
  
 
 
2,149,636
 
 
1,467,844

Total assets less current liabilities
  
2,173,188
1,510,189

Provisions for liabilities
  

Deferred tax
  
(5,888)
(7,165)

  
 
 
(5,888)
 
 
(7,165)

Net assets
  
2,167,300
1,503,024


Capital and reserves
  

Called up share capital 
  
1
1

Other reserves
  
336,953
162,134

Profit and loss account
  
1,830,346
1,340,889

  
2,167,300
1,503,024


The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 December 2024.




img50e0.png
Page 1

 
Domino Data Lab Limited
Registered number: 10873114

Balance Sheet (continued)
As at 31 January 2024



Thomas Edward Gleason
Director

The notes on pages 4 to 10 form part of these financial statements.

img1287.png
Page 2
 

 
Domino Data Lab Limited


 

Statement of Changes in Equity
For the Year Ended 31 January 2024



Called up share capital
Other reserves
Profit and loss account
Total equity


£
£
£
£



At 1 February 2022
1
-
826,059
826,060



Comprehensive income for the year


Profit for the year
-
-
514,830
514,830


Share-based compensation
-
162,134
-
162,134





At 1 February 2023 (as previously stated)
1
162,134
1,327,918
1,490,053


Prior year adjustment - correction of error
-
-
12,971
12,971



At 1 February 2023 (as restated)
1
162,134
1,340,889
1,503,024



Comprehensive income for the year


Profit for the year
-
-
489,457
489,457


Share-based compensation
-
174,819
-
174,819



At 31 January 2024
1
336,953
1,830,346
2,167,300



The notes on pages 4 to 10 form part of these financial statements.

img583c.png
Page 3
 
Domino Data Lab Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 January 2024

1.


General information

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

 
2.1

Basis of preparation of financial statements

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:

 
2.2

Turnover

Turnover shown in the statement of comprehensive income represents amounts receivable from its immediate parent company, Domino Data Lab, Inc. during the period for the provision of sales and customer support, exclusive of VAT.
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.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

img5054.png
Page 4

 
Domino Data Lab Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 January 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. 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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Share-based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.
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.

img10d8.png
Page 5

 
Domino Data Lab Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 January 2024

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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:

Computer equipment
-
33%
straight line

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.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment.

img0794.png
Page 6

 
Domino Data Lab Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 January 2024

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
31
35

img2276.png
Page 7

 
Domino Data Lab Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 January 2024

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 February 2023
68,495


Additions
1,519



At 31 January 2024

70,014



Depreciation


At 1 February 2023
26,149


Charge for the year on owned assets
20,313



At 31 January 2024

46,462



Net book value



At 31 January 2024
23,552



At 31 January 2023
42,345


5.


Debtors

2024
Restated
2023
£
£


Amounts owed by group undertakings
2,700,258
1,804,960

Other debtors
89,040
84,577

Prepayments and accrued income
50,620
150,109

2,839,918
2,039,646


img1cc2.png
Page 8

 
Domino Data Lab Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 January 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
244,028
215,073

244,028
215,073



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
17,578
108,828

Amounts owed to group undertakings
75,034
-

Corporation tax
187,589
151,252

Other creditors
83
690

Accruals and deferred income
654,026
526,105

934,310
786,875


There is a security interest charge in favour of HSBC Innovation Banking Limited over the specific accounts held by Domino Data Lab Limited to secure current and future obligations to HSBC Innovation Banking Limited.


8.


Deferred taxation




2024


£






At beginning of year
(7,165)


Charged to profit or loss
1,277



At end of year
(5,888)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(5,888)
(7,165)

(5,888)
(7,165)

img3476.png
Page 9

 
Domino Data Lab Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 January 2024

9.


Reserves

Other reserves

The other equity reserve relates to the share based compensation scheme held for the employees of Domino Data Lab Ltd. The shares are held in Domino Data Lab Inc. and therefore the share based compensation results in an other equity reserve.


10.


Prior year adjustment

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.


11.


Controlling party

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.


12.


Auditors' information

The auditors' report on the financial statements for the year ended 31 January 2024 was unqualified.

The audit report was signed on 3 December 2024 by Adrian Patton (Senior Statutory Auditor) on behalf of Sumer AuditCo NI Limited.


img6345.png
Page 10