1.
General Information
Sauce Labs Software UK Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
11848560
. The registered office is 85 Great Portland Street, London, W1W 7LT.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – Small Entities and the requirements of the Companies Act 2006 applicable to small companies. The accounts are prepared under the historical cost convention.
2.2.
Going Concern Disclosure
The financial statements have been prepared on a going concern basis. The company incurred a loss during the year ended 31 January 2025, and net assets decreased to £395,822 (2024: £544,129).
The company’s activities are closely integrated with those of its ultimate parent undertaking, Sauce Labs Inc., and substantially all of its revenue arises from sales to the parent company. At 31 January 2025, the company was owed £75,240 by group undertakings and owed £279,219 to its parent undertaking, which is repayable on demand.
The directors have received confirmation from the parent company of its intention to continue to provide such financial and operational support as is necessary for the company to continue to meet its obligations as they fall due for a period of at least 12 months from the date of approval of these financial statements.
Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis.
2.3.
Turnover
Turnover is recognised in respect of the recharge of costs incurred relating to the sale of software in the company's parent company using cost plus basis.
2.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life
| Computer Equipment |
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2.5.
Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.6.
Financial Instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
2.7.
Foreign Currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
Sauce Labs Software UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
2.8.
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.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.9.
Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
2.10.
Capitalised costs to obtain revenue contracts
The company capitalises commission payments to the company's direct sales personal. These payments represent software subscription agreements within the parent company. The capitalised commission is released to the profit and loss account over the duration of the subscription agreement in the parent company. These costs are then recharged on a cost plus basis to the parent company.
2.11.
Auditor's Remuneration
Fees payable to the company's auditor for the audit of the financial statements were £10,250.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2024: 37)
4.
Tangible Assets
| Computer Equipment | |
|---|---|
| £ | |
| Cost | |
| As at 1 February 2024 |
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| Additions |
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| Disposals |
( |
| As at 31 January 2025 |
|
| Depreciation | |
| As at 1 February 2024 |
|
| Provided during the period |
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| Disposals |
( |
| As at 31 January 2025 |
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| Net Book Value | |
| As at 31 January 2025 |
|
| As at 1 February 2024 |
|
Sauce Labs Software UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
5.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Prepaid Employee Benefits |
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| Prepaid Expenses - Other |
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| Intercompany Receivable |
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| Deferred Sales Bonus Costs |
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| Deferred Variable Bonus Costs |
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| Corporation tax recoverable assets |
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| VAT |
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| Due after more than one year | |||
| Deferred Contract Acquisition Costs -- Noncurrent |
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6.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Corporation tax | - |
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| Other taxes and social security |
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| Other creditors |
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| Intercompany payable |
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| 401K Payable |
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| Accruals and deferred income |
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7.
Deferred Taxation
The provision for deferred tax is made up as follows:
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2025
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2024
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£
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£
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During the year
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2,452
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631
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2,452
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none">
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631
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Sauce Labs Software UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
9.
Related Party Transactions
At 31 January 2025, the company was owed £75,239 (2024: £41,091) by group undertakings and owed £279,219 (2024: £271,919) to its parent undertaking, which is repayable on demand.
During the period the company made sales of £2,123,173 (2024: £3,584,609) to company's parent company. The balance outstanding at the balance sheet date is £279,219 (2024: £271,919) and is repayable on demand and disclosed within group undertakings.
At 31 January 2025, the company was owed £75,239 (2024: £41,091) by group undertakings and owed £279,219 (2024: £271,919) to its parent undertaking, which is repayable on demand.
10.
Ultimate Controlling Party
The ultimate controlling party is the company's parent company Sauce Labs Inc. a company incorporated in the United States of America. The consolidated financial statements of the group can be obtained from the groups head office 450 Sansome Street, 9th Floor San Francisco, CA 94111 USA.