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REGISTERED NUMBER: 04099969 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

nQ Zebraworks Limited

nQ Zebraworks Limited (Registered number: 04099969)

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

nQ Zebraworks Limited

Company Information

for the Year Ended 31 December 2024

| DIRECTORS: | C H Hagglund

| C A Rabie

| S J Allert

| P J Hewson

| REGISTERED OFFICE: | First Floor

| 7 Marina Court

| Maple Drive

| Hinckley

| LE10 3BF

| REGISTERED NUMBER: | 04099969 (England and Wales)

| AUDITORS: | Gopsall Audit Services Limited

| Chartered Accountants

| Statutory Auditor

| 4 HRFC Business Centre

| Leicester Road

| Hinckley

| Leicestershire

| LE10 3DR

nQ Zebraworks Limited (Registered number: 04099969)

Balance Sheet

31 December 2024

| 31.12.24 | 31.12.23 |

| as restated |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 6 | 12,242 |  | 3,809 |  |

CURRENT ASSETS

Debtors | 7 | 245,144 |  | 236,624 |  |

Cash at bank | 27,305 |  | 61,637 |  |

272,449 |  | 298,261 |  |

CREDITORS

Amounts falling due within one year | 8 | 275,929 |  | 278,964 |  |

NET CURRENT (LIABILITIES)/ASSETS | (3,480 | ) | 19,297 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 8,762 |  | 23,106 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 4 |  | 4 |  |

Retained earnings | 11 | 8,758 |  | 23,102 |  |

SHAREHOLDERS' FUNDS | 8,762 |  | 23,106 |  |

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 14 August 2025 and were signed on its behalf by:

C H Hagglund - Director

nQ Zebraworks Limited (Registered number: 04099969)

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| nQ Zebraworks 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 financial statements have been rounded to the nearest Pound (£).

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Going Concern

| The directors assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date of the approval of the financial statements.

| The company is reliant on the support of the ultimate parent company, who has indicated their willingness to continue to support the company for a minimum of 12 months from the date of signing these financial statements and, therefore, that it remains appropriate to continue to adopt going concern basis of accounting in the preparation of the financial statements.

| 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.

| Turnover

| Turnover represents the amounts invoiced during the year, exclusive of value added tax, modified as follows:

| Software licence

| Licence fees for software sales are recognised as revenue at the point when the customer is in agreement for a 'live-operation' position (i.e. when all users can use the system on a fully functional basis).

| Support and maintenance

| Revenue from support and maintenance contracts is recognised on a straight line basis over the period of the contract.

| Consulting services

| Consulting and other service related revenues are recognised over the period in which the services are provided. This is determined on either a percentage of completion or time and material basis, depending on the particular type of contract.

| Tangible fixed assets

| Depreciation is provided to write off each asset over its useful life. The annual rates are applied on a straight line basis over 3 or 4 years.

| 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.

nQ Zebraworks Limited (Registered number: 04099969)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

3. | ACCOUNTING POLICIES - continued

| 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2023 - 5 ) .

5. | AUDITORS' REMUNERATION

| The group accounts of the ultimate parent company Reckon Limited ('Reckon') discloses remuneration receivable by the auditors for non-audit services. 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.

6. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2024 | 6,330 |  |

| Additions | 12,360 |  |

| At 31 December 2024 | 18,690 |  |

| DEPRECIATION

| At 1 January 2024 | 2,521 |  |

| Charge for year | 3,927 |  |

| At 31 December 2024 | 6,448 |  |

| NET BOOK VALUE

| At 31 December 2024 | 12,242 |  |

| At 31 December 2023 | 3,809 |  |

nQ Zebraworks Limited (Registered number: 04099969)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

| as restated |

£ | £ |

| Trade debtors | 29,392 |  | 65,278 |  |

| Amounts owed by group undertakings | 198,989 |  | 151,731 |  |

| Other debtors | 7,096 |  | 7,096 |  |

| Prepayments | 9,667 |  | 12,519 |  |

245,144 |  | 236,624 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

| as restated |

£ | £ |

| Trade creditors | - |  | 9 |  |

| Taxation and social security | 51,677 |  | 41,400 |  |

| Other creditors | 224,252 |  | 237,555 |  |

275,929 |  | 278,964 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.12.24 |  | 31.12.23

| as restated |

£ | £ |

| Within one year | 22,938 |  | 45,876 |  |

| Between one and five years | - |  | 22,938 |  |

22,938 |  | 68,814 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.24 |  | 31.12.23

| value: |  | as restated |

£ | £ |

| 4 | Ordinary | 1 | 4 |  | 4 |  |

11. | RESERVES

| Retained

| earnings

£ |

| At 1 January 2024 | (16,175 | ) |

| Prior year adjustment | 39,277 |  |

23,102 |  |

| Profit for the year | 15,656 |  |

| Dividends | (30,000 | ) |

| At 31 December 2024 | 8,758 |  |

12. | 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

nQ Zebraworks Limited (Registered number: 04099969)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

13. | PENSION COMMITMENTS

| Pension commitments outstanding at the balance sheet date totalled £2,281 (2023 - £2,222).

14. | PARENT COMPANIES

| The directors consider the company's ultimate parent undertaking of the 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 directors consider the company's immediate parent undertaking of the smallest group to be nQ Zebraworks Inc, a company incorporated in the USA, with the registered address of 3150 North Arizona Avenue #105, Chandler, AZ 85225, USA.