|
Registered number:
FOR THE YEAR ENDED 31 MARCH 2025
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
COMPANY INFORMATION
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
CONTENTS
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The directors present their strategic report on the Company for the year ended 31 March 2025.
The principal objective of The Information Lab Limited remains the provision of data analytics solutions, primarily through the reselling of Tableau and Alteryx software, together with consulting and training services that support the implementation of these tools within our customers’ analytics environments. Our longstanding partnerships with Tableau and Alteryx continue to reinforce our reputation as trusted experts in these technologies.
Licence reselling remains strong, driven by a combination of existing customers expanding their analytics capabilities, new customers adopting these platforms, and those choosing to purchase through The Information Lab to benefit from our value-added services. These trends continue to demonstrate the resilience of our reseller model and our ability to provide comprehensive solutions that extend beyond software supply. In addition to our core vendor relationships, the company has expanded its partnerships with a select number of complementary software providers. While these arrangements are not material from a reselling perspective, they ensure that our consulting business remains at the forefront of data engineering and adjacent disciplines, maintaining the relevance and quality of our services. The consulting business has returned to growth following the successful retraining and upskilling of our team to meet the broader range of technical capabilities demanded by our clients. This has been supported by substantial new and extended engagements across multiple sectors, including significant contracts with major organisations in telecommunications, financial services, and manufacturing. These developments reflect the company’s ongoing commitment to evolving with market needs and to delivering high-quality, impactful analytics solutions.
Our key strategic priorities for 2026 are centred on the continued growth of our consulting business, achieved through close alignment with the medium to long-term plans of our existing clients and the development of new strategic relationships with organisations seeking to implement analytics at scale. By remaining responsive to our clients’ evolving requirements, we aim to strengthen our position as a trusted partner in their data transformation journeys.
Within our consulting operations, we will continue to broaden our technical capabilities across the data analytics and data engineering landscape, ensuring that we remain at the forefront of developments in AI; our goal is to be recognised as the go-to experts for the implementation of new and emerging features released by our software partners, enabling clients to realise the full value of their analytics investments. In the licence reselling segment, we remain focused on driving value for our customers by promoting and supporting the latest product innovations, including new add-on offerings from our vendor partners. This approach not only reinforces our role as experts in the analytics ecosystem but also supports sustained growth in licence revenues. The company expects to increase its consultant headcount in the UK while continuing to invest in the skills and capabilities required to support these growth objectives and to deliver exceptional outcomes for our clients.
Page 1
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The principal risks facing the company arise from the broader economic environment and the pace of technological change within the data analytics sector. While economic volatility, inflationary pressures, and shifting customer priorities continue to influence business conditions, these factors are now a familiar feature of the operating landscape. The company’s well-diversified client base, long-term customer relationships, and flexible delivery model help to mitigate exposure to any single market or sector. In addition, the continued investment in staff development ensures that we retain the expertise required to respond effectively to changing client needs.
Within the licence reselling business, risks include potential adjustments to vendor pricing models, product portfolios, and the competitive landscape. The rapid evolution of software capabilities, particularly the integration of artificial intelligence, presents both challenges and opportunities. We are confident that our vendor partners remain well-positioned to deliver strong AI-enabled solutions, and our close involvement in helping clients implement these technologies places the company in a favourable position to benefit from ongoing innovation across the analytics ecosystem.
The directors of The Information Lab Limited remain committed to promoting the long-term success of the company for the benefit of its shareholders, employees, customers, suppliers, and other stakeholders. Strategic decisions are taken with careful consideration of their potential impact on these groups and on the wider community in which the company operates.
In fulfilling their duties under Section 172 of the Companies Act 2006, the directors place particular emphasis on sustainable growth, responsible business practices, and maintaining the company’s strong reputation for integrity and professionalism. Regular engagement with employees and customers provides valuable insight into the opportunities and challenges facing the business, helping to shape priorities and investment decisions. The directors also seek to ensure that supplier relationships are fair, transparent, and aligned with the company’s standards of quality and service. Through this approach, the Board continues to balance short-term performance with long-term value creation, ensuring that the company remains well positioned to deliver positive outcomes for all stakeholders.
Page 2
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The Information Lab Limited summarises its greenhouse gas (GHG) reporting as follows:
Emissions in scope 2 are calculated based on the electricity use in our London-based office. Consumption in kWh is converted to kilograms of CO2 using the latest published conversion factors.
Emissions are calculated based on recorded business air travel during the financial year. These are derived from passenger miles and class of travel, using published conversion factors that exclude the indirect effects of non-CO2 emissions.
At present, The Information Lab does not record or report CO2 emissions arising from employee commuting, hotel stays, or homeworking as part of its environmental impact assessment.
The company continues to monitor its carbon footprint on an annual basis and is reviewing opportunities to refine its data collection processes and reduce emissions where practicable. This report represents the second year of formal CO2 measurement, providing a foundation for future year-on-year comparisons.
The Information Lab Limited is committed to promoting diversity and inclusion across its workforce. The company ensures that disabled persons are given fair consideration in all aspects of employment, from recruitment through to training, development, and career progression.
Where employees become disabled during their employment, the company remains committed to making reasonable and appropriate adjustments to their roles or working environment to support their continued contribution. The company also takes proactive steps to provide suitable tools, technology, and training where these can assist employees in performing their duties effectively. Through this approach, The Information Lab aims to create an inclusive and supportive workplace in which all employees are able to achieve their full potential.
The Information Lab Limited values the engagement and contribution of its employees and recognises that effective communication is essential to the success of the business. The company is committed to providing regular updates on matters of importance to staff, including business performance, strategic priorities, and developments within the wider industry.
Communication is maintained through a variety of channels, including regular team meetings, company-wide “townhall” sessions, internal newsletters, and announcements. These mechanisms ensure that employees remain well informed and have the opportunity to share feedback and ideas with management. The company actively encourages open dialogue and consultation on matters affecting employees’ roles, working environment, and the future direction of the business.
Page 3
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The company reports a revenue of £39.6M (£32.9M excluding the European licence sale recharging) which is
-5% against the prior year. The company provides services across various sectors, and below are the Top 5 which primarily represents the revenue for FY25. Finance - 18% Public Sector - 16% Travel, Transport & Hospitality - 13% Real Estate - 7% Technology & Electronics - 6% In FY 2025, we have worked with 401 customers (2024 - 458) out of which 86% was repeat business. The company continues to maintain a strong financial position with healthy cash reserves and robust cash flow management. The US business, which had previously benefited from investment via the group holding company, is now self-sustaining and requires minimal financial support from the UK. While plans to repatriate funds to the UK are still a way off, the company’s financial health remains strong, and its cash position is sufficient to meet all operational and strategic requirements. The directors continue to monitor cash flow, debtor recovery, and expenditure closely to ensure that the company remains well positioned to support ongoing operations and future growth.
Key performance indicators for the year reflect the company’s continued focus on sustainable growth and operational excellence:
- Continued strength in Tableau and Alteryx licence reselling, supported by close vendor relationships and the company’s expertise in promoting new product offerings and add-on solutions. - Growth in consulting revenues, underpinned by large-scale projects with major clients across multiple industries and a strong pipeline of future work. - Ongoing success of The Data School training programme, which continues to attract high-calibre candidates and supply skilled consultants to meet client demand across the UK and internationally. - Targeted recruitment and workforce planning, ensuring that consultant headcount remains closely aligned with demand while maintaining flexibility in delivery capacity. - Continued investment in employee retraining and upskilling, enabling the company to remain at the forefront of developments in data engineering, analytics, and AI-related technologies.
Looking ahead, the company remains confident in its strategic direction and market positioning. The combination of strong vendor partnerships, a growing consulting practice, and an established talent pipeline provides a solid foundation for continued success. The Information Lab will continue to focus on delivering high-quality analytics solutions, deepening relationships with existing clients, and exploring new opportunities as data
technologies evolve.
This report was approved by the board on 24 December 2025 and signed on its behalf.
Page 4
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The directors present their report and the financial statements for the year ended 31 March 2025.
The profit for the year, after taxation, amounted to £1,630,096 (2024 - £1,296,550).
Dividends paid in the year were £3,680,000 (2024 - £4,874,310).
The directors who served during the year were:
Our key plans for the remainder of 2025 and 2026 are to keep headcount in the UK steady, continue to work with our key customers in expanding the work we do into new departments, and offer flexible project arrangements with new customers to introduce our services to them. This strategy aims to provide continuity in our UK team as we grow aggressively in other territories such as the US and in Germany.
In licence reselling areas of the business the growth is largely governed by the growth of the vendors themselves and the percentage of business that they see go through the reseller channels. We continue to work hard to provide added value to customers showing them that they are not better off by going direct or to another reseller. From a consulting and project delivery perspective we are starting to work with a slightly broader set of technologies in the data analytics space to capture more market share. We will keep focused on the leading analytics technologies and are not looking to bring many separate products into our remit but remain open minded about new tools that our customers start using in volume.
The Company's principal financial instruments comprise bank balances, trade debtors and trade creditors. The
main purposes of these instruments is to raise funds for and to finance the Company's operations.
Subsequent to the year-end, the Company distributed dividends of £1,110,000.
Page 5
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the board on
Page 6
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE INFORMATION LAB LIMITED
We have audited the financial statements of The Information Lab Limited (the 'Company') for the year ended 31 March 2025, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Page 7
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE INFORMATION LAB LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
Page 8
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE INFORMATION LAB LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙We determined that the laws and regulations which are directly relevant to the financial statements are those that relate to the reporting framework FRS 102 and the relevant tax compliance regulations in the jurisdictions in which the Company operates. We evaluated the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.
∙In addition, there are other significant laws and regulations which may have an effect on the determination of the amounts and disclosures in the financial statements being environmental, occupational health and safety, employment law, data protection regulation, fraud, bribery and corruption. For these laws and regulations, the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through fines or litigation being imposed. As required by the auditing standards, auditing procedures in respect of non-compliance with these identified laws and regulations are limited to enquiry of the Directors and other management and inspection of regulatory and legal correspondence, if any.
∙We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur, by meeting with a number of individuals, including with individuals outside of the finance function, and conducted interviews to understand where they considered there was susceptibility to fraud. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to areas of estimate and judgement in the financial statements.
∙Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations and fraud risks identified in the paragraphs above. In addition to the audit procedures, we remained alert to any indications of non-compliance throughout the audit. The specific audit procedures performed included:
°Reviewed large and unusual bank transactions;
°Identifying and testing journal entries.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
Page 9
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE INFORMATION LAB LIMITED (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants & Statutory Auditor
3rd Floor, Waverley House
7-12 Noel Street
W1F 8GQ
Page 10
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025
Page 11
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
REGISTERED NUMBER: 07389833
BALANCE SHEET
AS AT 31 MARCH 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 14 to 29 form part of these financial statements.
Page 12
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
Page 13
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
The Information Lab Limited is a private company, limited by shares, incorporated in England and Wales, registration number 07389833. The registered office is 25 Watling Street, London, EC4M 9BR.
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 judgement in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in
the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 11 Financial Instruments paragraphs 11.41(b), 11.41(c), 11.41(e), 11.41(f) 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of The Information Lab Holding Limited as at 31 March 2025 and these financial statements may be obtained from 25 Watling Street, London, England, EC4M 9BR.
Page 14
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
Sale of Licences Revenue from the sale of licences is recognised when the licence has been granted to the buyer, the amount of revenue can be measured reliably and it is probable that the economic benefits in respect of the transaction can be measured reliably. The licences are usually subscribed for a period of one year. Revenue is deferred and released on a monthly basis across the year. Consultancy income Consultancy income is recognised immediately after the entity have provided the consultancy services. Amounts are accrued at year end for individual's time spent that has not yet been invoiced. Partner fees Partner fees are calculated on a percentage of revenue generated by sales of licences and from consultancy services in the European entities. These are reported half-yearly and are estimated and accrued for the period across the year-end.
After making the relevant enquiries, the directors have a reasonable expectation that the Company has adequate resources to continue in operation for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
Functional and presentation currency
Transactions and balances
Page 15
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
Page 16
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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 17
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
The Company participates in a group-wide equity-settled share option scheme operated by its parent company. Employees of The Information Lab UK are eligible to receive options over the parent’s equity instruments under this scheme.
In accordance with FRS 102 Section 26, equity-settled share-based payment arrangements are measured at the fair value of the equity instruments at the grant date. A valuation was performed using an appropriate methodology to determine this fair value. The expense is recognised on a straight-line basis over the vesting period (from grant date to vesting date), based on the Company’s estimate of the number of options expected to vest. The corresponding credit for the share-based payment expense is recognised in equity within a Capital Contribution Reserve, reflecting the contribution made by the parent company in respect of these employee benefits. Tangible assets Tangible assets are depreciated over their useful lives taking into account residual values where appropriate. The actual lives of assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing the assets' lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Impairment of debtors The Company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment, management considers factors including the current credit rating of the debtor, the ageing profile and historical experience. Intercompany debtor recoverability Included within the year-end amounts owed by group undertakings is £3.1 million due from companies under common control. Management have concluded that these intercompany debtors are recoverable, however, the timing of the collection of the amount is uncertain. The Company's parent, The Information Lab Holding Ltd, has a material receivable from a company under common control. In the financial statements of The Information Lab Holding Ltd, it is disclosed that, should the company under common control be unable to settle the amount due, The Information Lab Limited is in a position to discharge the obligation on its behalf. At the date of approving these financial statements, The Informatiohn Lab US remains in the early stages of its business lifecycle. The directors have assessed the recoverability of this balance based on the information available, including the latest financial performance of the US entity, which has achieved break-even and is progressing towards sustained profitability. Although the timing of settlement is uncertain, the directors consider it probable that the amount will be recovered in full.
Page 18
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
3.Judgements in applying accounting policies (continued)
The Company makes an estimate of accruals at the year end based on invoices received after the year end, work undertaken which has not yet been invoiced based on quotations or estimates of amounts that may be due for payment. Partner fee income The Company makes an estimate of accrued partner fee income at year end based on the previous half yearly performance of the European partners. Share based payments The Company participates in a group-wide equity-settled share option scheme operated by the parent company. Under this arrangement, certain employees of the Company are granted options over the parent’s shares. In accordance with FRS 102 Section 26, equity-settled share-based payments are measured at the fair value of the options at the grant date. Determining this fair value involves significant judgement. A valuation was performed using an appropriate option pricing model, which requires management to make assumptions about future events and market conditions. Key assumptions applied in the valuation include: These assumptions are inherently judgemental and could materially affect the fair value determined. The resulting fair value is recognised as an expense over the vesting period, with a corresponding credit to equity. The expense attributable to the current year has been recognised in these financial statements.
Page 19
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of turnover by country of destination:
Page 20
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 21
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 22
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 23
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
11.Taxation (continued)
There were no factors that may affect future tax charges.
Page 24
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 25
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 26
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
16.Deferred taxation (continued)
Capital contribution
Profit and loss account
HSBC UK holds a fixed and floating charge over the freehold property held by The Information Lab Limited. This was satisfied post year end on 11 June 2025.
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £785,397 (2024 - £952,268). Contributions totalling £Nil (2024 - £
Page 27
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 28
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
THE INFORMATION LAB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
The Company's immediate and ultimate parent Company is
The results of the Company are consolidated into The Information Lab Holding Ltd and are available for download from Companies House in England & Wales.
Page 29
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||