Company Registration No. 11401181 (England and Wales)
Reconome Technologies Ltd.
Unaudited accounts
for the year ended 30 June 2024
Reconome Technologies Ltd.
Unaudited accounts
Contents
Reconome Technologies Ltd.
Company Information
for the year ended 30 June 2024
Director
Nicholas Hajime Rawkins
Company Number
11401181 (England and Wales)
Registered Office
Arch 255 Joseph Ray Road
London
E11 4RA
England
Accountants
Kim Pearson
Green Caterpillar Consulting Ltd
Reconome Technologies Ltd.
Statement of financial position
as at 30 June 2024
Tangible assets
7,429
5,970
Cash at bank and in hand
23,087
1,381
Creditors: amounts falling due within one year
(1,148,078)
(509,195)
Net current liabilities
(610,355)
(202,930)
Total assets less current liabilities
(602,926)
(196,960)
Creditors: amounts falling due after more than one year
(125,295)
(186,251)
Net liabilities
(728,221)
(383,211)
Called up share capital
5,673
5,635
Share premium
524,467
474,504
Profit and loss account
(1,258,361)
(863,350)
Shareholders' funds
(728,221)
(383,211)
For the year ending 30 June 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 March 2025 and were signed on its behalf by
Nicholas Hajime Rawkins
Director
Company Registration No. 11401181
Reconome Technologies Ltd.
Notes to the Accounts
for the year ended 30 June 2024
Reconome Technologies Ltd. is a private company, limited by shares, registered in England and Wales, registration number 11401181. The registered office is Arch 255 Joseph Ray Road, London, E11 4RA, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
These accounts are prepared on a going concern basis, under the historical cost convention, as modified by the recognition of certain financial assets and liabilities measured at fair value.
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Computer equipment
Reconome Technologies Ltd.
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
Trade debtors
98,507
61,794
Accrued income and prepayments
192,488
19,407
Other debtors
125,641
125,683
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
60,956
60,956
Trade creditors
174,282
49,919
Taxes and social security
54,050
15,141
Other creditors
319,430
108,730
Loans from directors
392,152
243,313
Including in the creditors balance is a Bounce-back loan £5,400 (2022 : £5,400), and a term loan facility from GLIF £55,556 (2022: nil)
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Creditors: amounts falling due after more than one year
2024
2023
Bank loans
125,295
186,251
The creditors- amounts falling due after one year relates to a Bounce-back loan £10,325 (2022 : £15,748) and term loan facility from GLIF £175,926 (2022: nil).
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Operating lease commitments
2024
2023
At 30 June 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
53,483
Later than one year and not later than five years
-
594
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Transactions with related parties
During the year there were nil (2022: nil) related party transactions.
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Average number of employees
During the year the average number of employees was 15 (2023: 15).