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REGISTERED NUMBER: 11106167 (England and Wales)















Radonova Scientific Ltd

Financial Statements for the Year Ended 31 March 2024






Radonova Scientific Ltd (Registered number: 11106167)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 3


Radonova Scientific Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Dr M F Dugdale
K P Nilsson
Mrs L R Pettersson



REGISTERED OFFICE: Unit 12 Market Industrial Estate
Yatton
Bristol
BS49 4RF



REGISTERED NUMBER: 11106167 (England and Wales)



AUDITORS: Maxwells
Chartered Accountants
and Statutory Auditor
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: National Westminster Bank plc
40 Queens Road
Clifton
Bristol
BS99 5AD

Radonova Scientific Ltd (Registered number: 11106167)

Abridged Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 8,390 14,948

CURRENT ASSETS
Stocks 47,019 16,216
Debtors 167,716 62,502
Cash at bank 96,785 144,823
311,520 223,541
CREDITORS
Amounts falling due within one year 224,136 203,980
NET CURRENT ASSETS 87,384 19,561
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,774

34,509

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 95,674 34,409
SHAREHOLDERS' FUNDS 95,774 34,509

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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 3 July 2024 and were signed on its behalf by:





Dr M F Dugdale - Director


Radonova Scientific Ltd (Registered number: 11106167)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Radonova Scientific Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on cost, 33% on cost, 25% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Radonova Scientific Ltd (Registered number: 11106167)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. 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.

Going concern
With adequate funding in place from the ultimate parent undertaking, the directors are satisfied that the company is adequately resourced to continue in operational existence for the foreseeable future. Accordingly, the directors will continue to adopt the going concern basis in preparing the financial statements.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 106,924
Additions 2,818
At 31 March 2024 109,742
DEPRECIATION
At 1 April 2023 91,976
Charge for year 9,376
At 31 March 2024 101,352
NET BOOK VALUE
At 31 March 2024 8,390
At 31 March 2023 14,948

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 24,850 18,000
Between one and five years 4,142 21,000
28,992 39,000

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

The Report of the Auditors was unqualified.

Jonathan Shorney BA FCA (Senior Statutory Auditor)
for and on behalf of Maxwells

Radonova Scientific Ltd (Registered number: 11106167)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. ULTIMATE PARENT COMPANY

Lagercrantz Group AB, a publicly listed company registered in Sweden, is regarded by the directors as being the company's ultimate parent company and ultimate controlling party.

Lagercrantz Group AB is the parent company of the smallest group for which Radonova Scientific Limited is a member and for which group consolidated financial statements are drawn.

Copies of the consolidated financial statements in respect of Lagercrantz Group AB can be obtained from the company's office at Torsgatan 2, Box 3508, SE-103 69, Stockholm, Sweden.