REGISTERED NUMBER: 04099969 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

nQ Zebraworks Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C H Hagglund

C A Rabie

S J Allert

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

First Floor

7 Marina Court

Maple Drive

Hinckley

Leicestershire

LE10 3BF

FIXED ASSETS

Tangible assets

5

6,254

12,242

CURRENT ASSETS

Debtors

6

118,585

245,144

Cash at bank

181,946

27,305

300,531

272,449

CREDITORS

Amounts falling due within one year

7

287,399

275,929

NET CURRENT ASSETS/(LIABILITIES)

13,132

(3,480

)

TOTAL ASSETS LESS CURRENT LIABILITIES

19,386

8,762

CAPITAL AND RESERVES

Called up share capital

9

4

4

Retained earnings

10

19,382

8,758

SHAREHOLDERS' FUNDS

19,386

8,762

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 18 August 2026 and were signed on its behalf by:

C H Hagglund - Director

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

The financial statements have been 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.

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.

Financial instruments

Basic financial instruments in debtors and creditors with no stated interest rate, and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement within other administrative expenses.

Other financial assets and liabilities, such as loans, are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	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.

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

18,690

Disposals

(10,190

)

At 31 December 2025

8,500

DEPRECIATION

At 1 January 2025

6,448

Charge for year

5,155

Eliminated on disposal

(9,357

)

At 31 December 2025

2,246

NET BOOK VALUE

At 31 December 2025

6,254

At 31 December 2024

12,242

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

20,957

29,392

Amounts owed by group undertakings

93,316

198,989

Other debtors

-

7,096

Prepayments

4,312

9,667

118,585

245,144

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

245

-

Taxation and social security

50,810

51,677

Other creditors

236,344

224,252

287,399

275,929

8.	LEASING AGREEMENTS

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

31.12.25

31.12.24

£

£

Within one year

-

22,938

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

4

Ordinary

1

4

4

10.

RESERVES

Retained

earnings

£

At 1 January 2025

8,758

Profit for the year

10,624

At 31 December 2025

19,382

11.	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

12.	PENSION COMMITMENTS

Pension commitments outstanding at the balance sheet date totalled £2,305 (2024 - £2,281).

13.	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.