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REGISTERED NUMBER: SC411490 (Scotland)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

KDAB (UK) Ltd

KDAB (UK) Ltd (Registered number: SC411490)






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




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Other Comprehensive Income 4

Balance Sheet 5

Statement of Changes in Equity 6

Notes to the Financial Statements 7


KDAB (UK) Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Dr S Harmer
Klaralvdalens Datakonsult AB





SECRETARY: M K Dalheimer





REGISTERED OFFICE: The Old bakehouse
77A High Street
Linlithgow
West Lothian
EH49 7ED





REGISTERED NUMBER: SC411490 (Scotland)

KDAB (UK) Ltd (Registered number: SC411490)

Report of the Directors
for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of software development.

RESEARCH AND DEVELOPMENT
Research & development costs have been written off in the year incurred.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

Dr S Harmer
Klaralvdalens Datakonsult AB

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M K Dalheimer - Secretary


30 April 2025

KDAB (UK) Ltd (Registered number: SC411490)

Income Statement
for the Year Ended 31 December 2024

31.12.24 31.12.23
Notes £    £   

TURNOVER 3 1,880,941 2,033,031

Administrative expenses 2,057,395 1,995,512
(176,454 ) 37,519

Other operating income 36,463 11,870
OPERATING (LOSS)/PROFIT (139,991 ) 49,389

Interest receivable and similar income 1,458 -
(LOSS)/PROFIT BEFORE TAXATION 5 (138,533 ) 49,389

Tax on (loss)/profit 6 (17,169 ) (25,158 )
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(121,364

)

74,547

KDAB (UK) Ltd (Registered number: SC411490)

Other Comprehensive Income
for the Year Ended 31 December 2024

31.12.24 31.12.23
Notes £    £   

(LOSS)/PROFIT FOR THE YEAR (121,364 ) 74,547


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

(121,364

)

74,547

KDAB (UK) Ltd (Registered number: SC411490)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 7 20,126 20,776

CURRENT ASSETS
Debtors 8 512,687 638,569
Cash at bank and in hand 191,559 72,085
704,246 710,654
CREDITORS
Amounts falling due within one year 9 200,686 86,380
NET CURRENT ASSETS 503,560 624,274
TOTAL ASSETS LESS CURRENT
LIABILITIES

523,686

645,050

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 11 523,676 645,040
SHAREHOLDERS' FUNDS 523,686 645,050

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:




Klaralvdalens Datakonsult AB - Director



Dr S Harmer - Director


KDAB (UK) Ltd (Registered number: SC411490)

Statement of Changes in Equity
for the Year Ended 31 December 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 10 570,493 570,503

Changes in equity
Total comprehensive income - 74,547 74,547
Balance at 31 December 2023 10 645,040 645,050

Changes in equity
Total comprehensive income - (121,364 ) (121,364 )
Balance at 31 December 2024 10 523,676 523,686

KDAB (UK) Ltd (Registered number: SC411490)

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

1. STATUTORY INFORMATION

KDAB (UK) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparation
These financial statements have been prepared in accordance with Financial Reporting Standard 101 "Reduced Disclosure Framework" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework":

the requirements of paragraphs 45(b) and 46 to 52 of IFRS 2 Share-based Payment;
the requirements of paragraphs 62, B64(d), B64(e), B64(g), B64(h), B64(j) to B64(m), B64(n)(ii),
B64(o)(ii), B64(p), B64(q)(ii), B66 and B67 of IFRS 3 Business Combinations;
the requirements of paragraph 33(c) of IFRS 5 Non Current Assets Held for Sale and Discontinued
Operations;
the requirements of paragraph 24(6) of IFRS 6 Exploration for and Evaluation of Mineral Resources;
the requirements of IFRS 7 Financial Instruments: Disclosures;
the requirements of paragraphs 91 to 99 of IFRS 13 Fair Value Measurement;
the requirements of paragraph 52, the second sentence of paragraph 89, and paragraphs 90, 91 and 93 of
IFRS 16 Leases;
the requirements of paragraph 58 of IFRS 16;
the requirements of the second sentence of paragraph 110 and paragraphs 113(a), 114, 115, 118, 119(a) to
(c), 120 to 127 and 129 of IFRS 15 Revenue from Contracts with Customers;
the requirement in paragraph 38 of IAS 1 Presentation of Financial Statements to present comparative
information in respect of:
- paragraphs 53(a), (h) and (j) of IFRS 16;
- paragraph 79(a)(iv) of IAS 1;
- paragraph 73(e) of IAS 16 Property, Plant and Equipment;
- paragraph 118(e) of IAS 38 Intangible Assets;
- paragraphs 76 and 79(d) of IAS 40 Investment Property; and
- paragraph 50 of IAS 41 Agriculture;
the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134 to
136 of IAS 1;
the requirements of
- paragraphs 1 to 44E, 44H(b)(ii) and 45 to 63 of IAS 7 Statement of Cash Flows; and
- paragraphs 44F, 44G, 44H(a), 44H(b)(i), 44H(b)(iii) and 44H(c) of IAS 7;
the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates
and Errors;
the requirements of paragraphs 88C and 88D of IAS 12 Income Taxes;
the requirements of paragraph 74(b) of IAS 16;
the requirements of paragraphs 17 and 18A of IAS 24 Related Party Disclosures;
the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into
between two or more members of a group;
the requirements of paragraphs 134(d) to 134(f) and 135(c) to 135(e) of IAS 36 Impairments of Assets.

Turnover
The company's policy is to recognise a sale when substantively all the risks and rewards in connection with the services have been passed to the buyer.

KDAB (UK) Ltd (Registered number: SC411490)

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

2. ACCOUNTING POLICIES - continued

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 50% on reducing balance

Taxation
Current taxes are based on the results shown in the financial statements and are calculated according to local tax rules, using tax rates enacted or substantially enacted by the balance sheet date.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Employee benefit costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

3. TURNOVER

The turnover and loss (2023 - profit) before taxation are attributable to the one principal activity of the company.

4. EMPLOYEES AND DIRECTORS
31.12.24 31.12.23
£    £   
Wages and salaries 773,224 768,960
Social security costs 88,785 88,645
Other pension costs 34,927 35,081
896,936 892,686

The average number of employees during the year was as follows:
31.12.24 31.12.23

Director 1 1
Administration 1 1
Software developers 11 11
13 13

31.12.24 31.12.23
£    £   
Directors' remuneration 93,591 94,500

KDAB (UK) Ltd (Registered number: SC411490)

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

5. (LOSS)/PROFIT BEFORE TAXATION

The loss before taxation (2023 - profit before taxation) is stated after charging:
31.12.24 31.12.23
£    £   
Depreciation - owned assets 12,752 9,672
Loss on disposal of fixed assets 3,250 832
Foreign exchange differences 47,091 34,050

6. TAXATION

Analysis of tax income
31.12.24 31.12.23
£    £   
Current tax:
Tax (17,169 ) (25,158 )
Total tax income in income statement (17,169 ) (25,158 )

7. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 3,787 8,026 89,585 101,398
Additions - - 15,479 15,479
Disposals (3,483 ) - (5,922 ) (9,405 )
At 31 December 2024 304 8,026 99,142 107,472
DEPRECIATION
At 1 January 2024 420 6,397 73,805 80,622
Charge for year 74 406 12,272 12,752
Eliminated on disposal (415 ) - (5,613 ) (6,028 )
At 31 December 2024 79 6,803 80,464 87,346
NET BOOK VALUE
At 31 December 2024 225 1,223 18,678 20,126
At 31 December 2023 3,367 1,629 15,780 20,776

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 481,865 600,372
Other debtors 30,822 38,197
512,687 638,569

KDAB (UK) Ltd (Registered number: SC411490)

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

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Other debtors consisted of the following:


£

Taxation 12,452

VAT 4,875

Rent deposit 1,200

Prepayments 12,285

Other debtor 10
_______

30,822
_______

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 11,101 19,681
Social security and other taxes 24,899 25,168
Other creditors 7,241 6,972
Accruals and deferred income 157,445 34,559
200,686 86,380

Other creditors consisted of the following:


£

Credit card 7

Pension 7,234

______

7,241
______

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1,000 Ordinary .01 10 10

KDAB (UK) Ltd (Registered number: SC411490)

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

11. RESERVES
Retained
earnings
£   

At 1 January 2024 645,040
Deficit for the year (121,364 )
At 31 December 2024 523,676

12. ULTIMATE PARENT COMPANY

Rysktorp Holding AB (incorporated in Sweden ) is regarded by the directors as being the company's ultimate parent company.

13. RELATED PARTY DISCLOSURES

A balance of £474,947 (€574,537) due from parent company Klaralvdalens Datakonsult AB was included in trade debtors as at 31st December 2024.

A balance of £1,491 ($1,867) due from group company KDAB (USA) LLC was included in trade debtors as at 31st December 2024.






14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Matthias Dalheimer.