Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30the creation of computer games.false2023-04-01false43trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14234949 2023-04-01 2024-09-30 14234949 2022-07-14 2023-03-31 14234949 2024-09-30 14234949 2023-03-31 14234949 c:Director2 2023-04-01 2024-09-30 14234949 d:OfficeEquipment 2023-04-01 2024-09-30 14234949 d:OfficeEquipment 2024-09-30 14234949 d:OfficeEquipment 2023-03-31 14234949 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-09-30 14234949 d:PatentsTrademarksLicencesConcessionsSimilar 2023-04-01 2024-09-30 14234949 d:PatentsTrademarksLicencesConcessionsSimilar 2024-09-30 14234949 d:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 14234949 d:ComputerSoftware 2023-04-01 2024-09-30 14234949 d:ComputerSoftware 2024-09-30 14234949 d:ComputerSoftware 2023-03-31 14234949 d:OtherResidualIntangibleAssets 2023-04-01 2024-09-30 14234949 d:CurrentFinancialInstruments 2024-09-30 14234949 d:CurrentFinancialInstruments 2023-03-31 14234949 d:Non-currentFinancialInstruments 2024-09-30 14234949 d:Non-currentFinancialInstruments 2023-03-31 14234949 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 14234949 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 14234949 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 14234949 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 14234949 d:ShareCapital 2023-04-01 2024-09-30 14234949 d:ShareCapital 2024-09-30 14234949 d:ShareCapital 2022-07-14 2023-03-31 14234949 d:ShareCapital 2023-03-31 14234949 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-09-30 14234949 d:RetainedEarningsAccumulatedLosses 2024-09-30 14234949 d:RetainedEarningsAccumulatedLosses 2022-07-14 2023-03-31 14234949 d:RetainedEarningsAccumulatedLosses 2023-03-31 14234949 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 14234949 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 14234949 c:OrdinaryShareClass1 2023-04-01 2024-09-30 14234949 c:OrdinaryShareClass1 2024-09-30 14234949 c:OrdinaryShareClass1 2023-03-31 14234949 c:OrdinaryShareClass2 2023-04-01 2024-09-30 14234949 c:OrdinaryShareClass2 2024-09-30 14234949 c:OrdinaryShareClass3 2023-04-01 2024-09-30 14234949 c:OrdinaryShareClass3 2024-09-30 14234949 c:FRS102 2023-04-01 2024-09-30 14234949 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-09-30 14234949 c:FullAccounts 2023-04-01 2024-09-30 14234949 c:PrivateLimitedCompanyLtd 2023-04-01 2024-09-30 14234949 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-09-30 14234949 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-09-30 14234949 2 2023-04-01 2024-09-30 14234949 d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-09-30 14234949 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-04-01 2024-09-30 14234949 d:ComputerSoftware d:OwnedIntangibleAssets 2023-04-01 2024-09-30 14234949 e:PoundSterling 2023-04-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14234949









LATTICE LABS LTD.







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

 
LATTICE LABS LTD.
REGISTERED NUMBER: 14234949

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

Period ended 30 September 
Year ended 31 March
2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 5 
495,626
13,288

Tangible assets
 6 
3,375
1,233

  
499,001
14,521

Current assets
  

Debtors: amounts falling due within one year
 7 
275,065
2,520

Cash at bank and in hand
  
610,350
464,423

  
885,415
466,943

Creditors: amounts falling due within one year
 8 
(1,104,444)
(46,617)

Net current (liabilities)/assets
  
 
 
(219,029)
 
 
420,326

Total assets less current liabilities
  
279,972
434,847

Creditors: amounts falling due after more than one year
 9 
-
(411,205)

Provisions for liabilities
  

Deferred tax
 10 
(641)
(234)

  
 
 
(641)
 
 
(234)

Net assets
  
279,331
23,408


Capital and reserves
  

Called up share capital 
 11 
1,112
1,000

Profit and loss account
  
278,219
22,408

  
279,331
23,408


Page 1

 
LATTICE LABS LTD.
REGISTERED NUMBER: 14234949
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 by: 




Mr F Muller
Director

Date: 27 February 2025

The notes on pages 5 to 15 form part of these financial statements.

Page 2

 
LATTICE LABS LTD.
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 SEPTEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2023
1,000
22,408
23,408


Comprehensive income for the period

Profit for the period
-
255,811
255,811
Total comprehensive income for the period
-
255,811
255,811


Contributions by and distributions to owners

Shares issued during the period
112
-
112


Total transactions with owners
112
-
112


At 30 September 2024
1,112
278,219
279,331


The notes on pages 5 to 15 form part of these financial statements.

Page 3

 
LATTICE LABS LTD.
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period
-
22,408
22,408
Total comprehensive income for the period
-
22,408
22,408


Contributions by and distributions to owners

Shares issued during the period
1,000
-
1,000


Total transactions with owners
1,000
-
1,000


At 31 March 2023
1,000
22,408
23,408


The notes on pages 5 to 15 form part of these financial statements.

Page 4

 
LATTICE LABS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

1.


General information

The company is a private company limited by shares incorporated in England and Wales. The address of its registered office is: 167-169 Great Portland Street 5th Floor, London, England, W1W 5PF, United Kingdom. The financial statements are prepared in GBP ("£") which is the functional and presentational currency of the primary economic environment in which the company operates.

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 Section 1A of 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 judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 5

 
LATTICE LABS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 6

 
LATTICE LABS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

Current and deferred taxation

The tax expense for the period 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.

Page 7

 
LATTICE LABS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the revaluation model, intangible assets shall be carried at a revalued amount, being its fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent impairment losses - provided that the fair value can be determined by reference to an active market.
Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the balance sheet date.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Software development
-
10
years
Other intangible fixed assets
-
10
years

 
2.10

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:

Office equipment
-
33%

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 8

 
LATTICE LABS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.11

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

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.

 
2.14

Creditors

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

 
2.15

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.

Page 9

 
LATTICE LABS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Intangible assets are carried at fair value less cost to sell, which requires judgement as to the fair value of the intangible asset. Reference to publicly available market data is used to determine the fair value of each class of intangible asset.


4.


Employees

The average monthly number of employees, including directors, during the period was 4 (2023 - 3).

Page 10

 
LATTICE LABS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

5.


Intangible assets






Software Development
Other Intangible Assets
Total

£
£
£



Cost


At 1 April 2023
1,790
13,880
15,670


Additions
172,906
1,626,699
1,799,605


Disposals
-
(1,285,285)
(1,285,285)



At 30 September 2024

174,696
355,294
529,990



Amortisation


At 1 April 2023
179
2,203
2,382


Charge for the period on owned assets
17,470
146,582
164,052


On disposals
-
(124,919)
(124,919)


Impairment charge
-
(7,151)
(7,151)



At 30 September 2024

17,649
16,715
34,364



Net book value



At 30 September 2024
157,047
338,579
495,626



At 31 March 2023
1,611
11,677
13,288



Page 11

 
LATTICE LABS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

6.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 April 2023
1,841


Additions
4,104



At 30 September 2024

5,945



Depreciation


At 1 April 2023
608


Charge for the period on owned assets
1,962



At 30 September 2024

2,570



Net book value



At 30 September 2024
3,375



At 31 March 2023
1,233


7.


Debtors

Period Ended 30 September 
Year ended 31 March
2024
2023
£
£


Other debtors
275,065
-

Prepayments and accrued income
-
2,520

275,065
2,520


Page 12

 
LATTICE LABS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

8.


Creditors: Amounts falling due within one year

Period ended 30 September 
Year ended 31 March
2024
2023
£
£

Loans
1,078,067
-

Trade creditors
-
3,365

Corporation tax
-
6,743

Other taxation and social security
21,202
35,811

Other creditors
1,175
698

Accruals and deferred income
4,000
-

1,104,444
46,617



9.


Creditors: Amounts falling due after more than one year

Period ended 30 September 
Year ended 31 March
2024
2023
£
£

Accruals and deferred income
-
411,205

-
411,205


Page 13

 
LATTICE LABS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

10.


Deferred taxation






2024


£






At beginning of year
(234)


Charged to profit or loss
(407)



At end of year
(641)

The provision for deferred taxation is made up as follows:

Period ended 30 September 
Year ended 31 March
2024
2023
£
£


Accelerated capital allowances
641
234

641
234

Page 14

 
LATTICE LABS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

11.


Share capital

Period ended 30 September 
Year ended 31 March
2024
2023
£
£
Allotted, called up and fully paid



95,000 (2023 - 100,000) Ordinary shares of £0.01 each
950
1,000
5,000 (2023 - ) Deferred shares of £0.01 each
50
-
11,180 (2023 - ) Incentive shares of £0.01 each
112
-

1,112

1,000


During the period 5,000 ordinary shares were converted to deferred and 11,180 incentive shares were alloted.

 
Page 15