IRIS Accounts Production v25.1.3.33 03081021 Board of Directors 1.7.23 30.6.24 30.6.24 6.6.25 0 false true false false true false Auditors Opinion Ordinary share capital 0.0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh030810212023-06-30030810212024-06-30030810212023-07-012024-06-30030810212021-12-31030810212022-01-012023-06-30030810212023-06-3003081021ns15:EnglandWales2023-07-012024-06-3003081021ns14:PoundSterling2023-07-012024-06-3003081021ns10:Director12023-07-012024-06-3003081021ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3003081021ns10:SmallEntities2023-07-012024-06-3003081021ns10:Audited2023-07-012024-06-3003081021ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3003081021ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3003081021ns10:FullAccounts2023-07-012024-06-3003081021ns10:OrdinaryShareClass12023-07-012024-06-3003081021ns10:Director42023-07-012024-06-3003081021ns10:Director52023-07-012024-06-3003081021ns10:RegisteredOffice2023-07-012024-06-3003081021ns5:CurrentFinancialInstruments2024-06-3003081021ns5:CurrentFinancialInstruments2023-06-3003081021ns5:Non-currentFinancialInstruments2024-06-3003081021ns5:Non-currentFinancialInstruments2023-06-3003081021ns5:ShareCapital2024-06-3003081021ns5:ShareCapital2023-06-3003081021ns5:RetainedEarningsAccumulatedLosses2024-06-3003081021ns5:RetainedEarningsAccumulatedLosses2023-06-3003081021ns10:OrdinaryShareClass12024-06-300308102112023-07-012024-06-30
REGISTERED NUMBER: 03081021 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Reckon One Limited

Reckon One Limited (Registered number: 03081021)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Reckon One Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: C H Hagglund
S J Allert
P J Hewson





REGISTERED OFFICE: 4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR





REGISTERED NUMBER: 03081021 (England and Wales)





AUDITORS: Gopsall Audit Services Limited
Chartered Accountants
Statutory Auditor
4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR

Reckon One Limited (Registered number: 03081021)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
CURRENT ASSETS
Debtors 4 - 1,943
Cash at bank - 3,238
- 5,181
CREDITORS
Amounts falling due within one year 5 9,050 2,889
NET CURRENT (LIABILITIES)/ASSETS (9,050 ) 2,292
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,050

)

2,292

CREDITORS
Amounts falling due after more than one
year

6

394

2,313
NET LIABILITIES (9,444 ) (21 )

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (9,445 ) (22 )
SHAREHOLDERS' FUNDS (9,444 ) (21 )

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by:





C H Hagglund - Director


Reckon One Limited (Registered number: 03081021)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Reckon One Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements are rounded to the nearest pound (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Going concern
The financial statements have been prepared on a going concern basis. The company had net liabilities at the year end. The company's parent undertaking, Reckon Limited, has agreed to provide support for the company for at least twelve months following the date of approval of the financial statements. In addition, the parent company directors have prepared a going concern assessment for the group, including the company, based on forecasts for a period up to December 2026, including realistic downside scenarios. On this basis, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors therefore continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover represents subscription income which is recognised evenly over the subscription contract period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% straight line

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.

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.

Reckon One Limited (Registered number: 03081021)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Social security and other tax - 1,943

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Social security and other taxes - 2,889
Accrued expenses 9,050 -
9,050 2,889

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed to group undertakings 394 2,313

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
276,583 Ordinary share capital 0.00000362 1 1

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter White (Senior Statutory Auditor)
for and on behalf of Gopsall Audit Services Limited

9. POST BALANCE SHEET EVENTS

On 6 January 2025 the company's parent company, Reckon Limited, completed the acquisition of Cashflow Manager and OKKE, Adelaide based accounting and payroll software businesses.The UK trade will be undertaken by Reckon One Limited.

10. ULTIMATE PARENT COMPANY

The directors consider the company's immediate and ultimate parent undertaking of the smallest and largest group to be Reckon Limited ('Reckon'), a company incorporated in Australia. Reckon is listed on the Australian stock exchange and prepares consolidated financial statements which are publicly available from Level 2, 100 Pacific Highway, North Sydney, NSW 2060, Australia.

The Reckon consolidated financial statements disclosure remuneration received by auditors for audit and other services.