Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13294211 Mr Joost Beunderman Mrs Annette Dhami Mr Inderpaul Johar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13294211 2023-12-31 13294211 2024-12-31 13294211 2024-01-01 2024-12-31 13294211 frs-core:CurrentFinancialInstruments 2024-12-31 13294211 frs-core:Non-currentFinancialInstruments 2024-12-31 13294211 frs-core:ComputerEquipment 2024-12-31 13294211 frs-core:ComputerEquipment 2024-01-01 2024-12-31 13294211 frs-core:ComputerEquipment 2023-12-31 13294211 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13294211 frs-bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 13294211 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13294211 frs-bus:SmallEntities 2024-01-01 2024-12-31 13294211 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13294211 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13294211 frs-bus:Director1 2024-01-01 2024-12-31 13294211 frs-bus:Director2 2024-01-01 2024-12-31 13294211 frs-bus:Director3 2024-01-01 2024-12-31 13294211 frs-core:CurrentFinancialInstruments 1 2024-12-31 13294211 frs-core:CurrentFinancialInstruments 3 2024-12-31 13294211 frs-core:CurrentFinancialInstruments 4 2024-12-31 13294211 frs-core:CurrentFinancialInstruments 5 2024-12-31 13294211 frs-core:CurrentFinancialInstruments 6 2024-12-31 13294211 frs-core:CurrentFinancialInstruments 7 2024-12-31 13294211 frs-countries:EnglandWales 2024-01-01 2024-12-31 13294211 2022-12-31 13294211 2023-12-31 13294211 2023-01-01 2023-12-31 13294211 frs-core:CurrentFinancialInstruments 2023-12-31 13294211 frs-core:Non-currentFinancialInstruments 2023-12-31 13294211 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13294211 frs-core:CurrentFinancialInstruments 1 2023-12-31 13294211 frs-core:CurrentFinancialInstruments 2 2023-12-31 13294211 frs-core:CurrentFinancialInstruments 3 2023-12-31 13294211 frs-core:CurrentFinancialInstruments 4 2023-12-31 13294211 frs-core:CurrentFinancialInstruments 5 2023-12-31 13294211 frs-core:CurrentFinancialInstruments 6 2023-12-31 13294211 frs-core:CurrentFinancialInstruments 7 2023-12-31
Registered number: 13294211
Dark Matter Laboratories Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Ashton McGill
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13294211
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,147 10,818
10,147 10,818
CURRENT ASSETS
Debtors 5 201,264 532,990
Cash at bank and in hand 574,809 302,255
776,073 835,245
Creditors: Amounts Falling Due Within One Year 6 (750,321 ) (824,482 )
NET CURRENT ASSETS (LIABILITIES) 25,752 10,763
TOTAL ASSETS LESS CURRENT LIABILITIES 35,899 21,581
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,928 ) -
NET ASSETS 33,971 21,581
Income and Expenditure Account 33,971 21,581
MEMBERS' FUNDS 33,971 21,581
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mrs Annette Dhami
Director
01/08/2025
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Dark Matter Laboratories Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 13294211 . The registered office is 217 Mare Street, Hackney, London, E8 3QE.

The company is a research organisation working to address the interconnected crises of our time which we view as symptoms of a deeper, structural miscoding of our economic systems. We understand these codes to be physical (e.g. biodiversity, energy, labour and materials), structural (e.g. money creation, embedded inequality and private property rights) and psychological (e.g. failure of the imagination).
Recognising the complex, entangled reality of living systems, we are exploring alternative pathways for organising society and stewarding the shared planetary commons. Our working hypothesis is that these pathways must be rooted in a radical reframing of our relationship to everything; from technology and money to land and the other-than-human world. We are framing this transformation as a shift towards Life-Ennobling Economies. 
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Transfer Pricing and Management Fees
Dark Matter Laborabories Limited is subject to a transfer pricing agreement with other Dark Matter Laboratories entities to provide and receive services at cost plus an agreed mark up.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 20% Straight Line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2023: 22)
21 22
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 13,579
Additions 2,395
As at 31 December 2024 15,974
Depreciation
As at 1 January 2024 2,761
Provided during the period 3,066
As at 31 December 2024 5,827
Net Book Value
As at 31 December 2024 10,147
As at 1 January 2024 10,818
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 34,481 123,241
Prepayments and accrued income 15,014 65,453
Other debtors 5,473 20,646
DML Group - 6,247
DML Sweden 117,932 131,748
DML BV - 179,655
DML South Korea Debtor 13,364 -
186,264 526,990
Due after more than one year
Other debtors 15,000 6,000
201,264 532,990
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 28,248 48,103
Other taxes and social security 18,893 19,368
VAT 4,986 -
Other creditors - 56,576
Pensions 8,245 9,360
DML South Korea - 18,031
DML Canada 59,043 757
Accruals 128,770 73,612
DML B.V. 61,834 -
DML Group Ltd 2,753 -
Deferred Income 437,549 598,675
750,321 824,482
7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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