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Registered number: 10075999
3t Software Labs Limited
Unaudited Financial Statements
For the Period 1 May 2025 to 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10075999
31 December 2025 30 April 2025
as restated
Notes € € € €
FIXED ASSETS
Tangible Assets 5 9,083 11,679
Investments 6 5,388,923 5,388,923
5,398,006 5,400,602
CURRENT ASSETS
Debtors 7 2,037,043 2,527,314
Cash at bank and in hand 1,857,744 3,531,650
3,894,787 6,058,964
Creditors: Amounts Falling Due Within One Year 8 (5,623,742 ) (8,539,950 )
NET CURRENT ASSETS (LIABILITIES) (1,728,955 ) (2,480,986 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,669,051 2,919,616
Creditors: Amounts Falling Due After More Than One Year 9 (649,646 ) (660,401 )
NET ASSETS 3,019,405 2,259,215
CAPITAL AND RESERVES
Called up share capital 10 12,833 12,833
Share premium account 3,866,529 3,866,529
Profit and Loss Account (859,957 ) (1,620,147 )
SHAREHOLDERS' FUNDS 3,019,405 2,259,215
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For the period ending 31 December 2025 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 Profit and Loss Account.
On behalf of the board
Dr Simon Galbraith
Director
24/09/2026
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
3t Software Labs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10075999 . The registered office is Unit 5, Avenue Business Park, Brockley Road, Elsworth, Cambridge, CB23 4EY.
The presentation currency of the financial statements is the Euro (€)
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, excluding discounts, rebates, value added tax and other sales taxes. 
License revenues are recognised when the licence has been delivered to the customer and no ongoing obligations exist. Support and maintenance revenues are recognised on a straight line basis over the life of the provision of those services. When license and support revenues are included in one contract, the two items are recognised on a straight line basis over the life of the provision of those services.
Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has been partially completed at the balance sheet date, turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance for services provided, the amounts are recorded as deferred income and included as part of creditors.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Patents and licences
Separately acquired patents, licences and other intellectual property are included at cost and amortised in equal monthly instalments over a period of 2 years which is their estimated useful life. Provision is made for any impairment.
Computer software
Acquired intellectual property is included at cost and amortised in equal monthly instalments over a period of 2 years which is their estimated useful life. Provision is made for any impairment.
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 is 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 to the profit and loss on a straight line basis over their expected useful economic lives, which range from 2 to 5 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. 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 Straight line basis over 3 years
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Euro at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit 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 profit. 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 profits 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 profits 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 profit or loss for the period, 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 12 (2025: 8)
12 8
4. Intangible Assets
Other Development Costs Total
€ € €
Cost
As at 1 May 2025 6,127 319,721 325,848
As at 31 December 2025 6,127 319,721 325,848
Amortisation
As at 1 May 2025 6,127 319,721 325,848
As at 31 December 2025 6,127 319,721 325,848
Net Book Value
As at 31 December 2025 - - -
As at 1 May 2025 - - -
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5. Tangible Assets
Computer Equipment
€
Cost
As at 1 May 2025 20,058
Additions 9,112
Disposals (12,289 )
As at 31 December 2025 16,881
Depreciation
As at 1 May 2025 8,379
Provided during the period 4,248
Disposals (4,829 )
As at 31 December 2025 7,798
Net Book Value
As at 31 December 2025 9,083
As at 1 May 2025 11,679
6. Investments
Listed
€
Cost or Valuation
As at 1 May 2025 5,388,923
As at 31 December 2025 5,388,923
Provision
As at 1 May 2025 -
As at 31 December 2025 -
Net Book Value
As at 31 December 2025 5,388,923
As at 1 May 2025 5,388,923
The company's investments at the Balance Sheet date in the share capital of companies include the following: 
3T Software Labs GmbH 
Registered office: Kreuzkolln Office, Friedelstrasse 40, 12047 Berlin, Germany 
Nature of business: Software development 
Class of shares: holding
Ordinary shares 100.00%
Investments in subsidiaries are measured at cost less any provision for impairment as no market value is available.
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7. Debtors
31 December 2025 30 April 2025
as restated
€ €
Due within one year
Trade debtors 1,436,630 2,202,559
Prepayments and accrued income 374,137 24,814
Corporation tax recoverable assets - 265,114
Deferred tax current asset 200,332 -
VAT 16,962 32,562
Amounts owed by group undertakings 4,927 2,265
Amounts owed by subsidiaries 4,055 -
2,037,043 2,527,314
8. Creditors: Amounts Falling Due Within One Year
31 December 2025 30 April 2025
as restated
€ €
Trade creditors 29,157 61,030
Other taxes and social security 35,137 26,387
Other creditors 6,456 6,522
Accruals and deferred income 5,277,699 8,138,182
Amounts owed to subsidiaries 275,293 307,829
5,623,742 8,539,950
9. Creditors: Amounts Falling Due After More Than One Year
31 December 2025 30 April 2025
as restated
€ €
Accruals and deferred income 649,646 660,401
10. Share Capital
31 December 2025 30 April 2025
as restated
€ €
Allotted, Called up and fully paid 12,833 12,833
11. Parent Undertaking and Controlling Party
The company's immediate and parent undertaking is 3t Software Labs Group Limited . 3t Software Labs Group Limited was incorporated in England and Wales, who controls 88% of the shares of 3t Software Labs Limited .The controlling party is Dr S Galbraith who controls 88.43% of the shares of the parent company, 3t Software Labs Group Limited.
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