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Registered number: 01243491










RAHMQVIST UK LTD.










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
RAHMQVIST UK LTD.
REGISTERED NUMBER: 01243491

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
4,585

Current assets
  

Stocks
  
57,462
77,069

Debtors: amounts falling due within one year
 5 
173,734
122,861

Cash at bank and in hand
  
86,496
44,532

  
317,692
244,462

Creditors: amounts falling due within one year
 6 
(298,626)
(223,993)

Net current assets
  
 
 
19,066
 
 
20,469

Total assets less current liabilities
  
19,066
25,054

  

Net assets
  
19,066
25,054


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
9,066
15,054

  
19,066
25,054

Page 1

 
RAHMQVIST UK LTD.
REGISTERED NUMBER: 01243491
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






J.E. Rahmqvist
Director

Date: 10 June 2025

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
RAHMQVIST UK LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Rahmqvist UK Ltd (01243491) is a private company limited by shares. It is incorporated in England & Wales. The registered address is Runnymede Malthouse, Lamlthouse Lane, Egham, Surrey, TW20 9BD.
IIts principal activities are the supply of specialised stationery and art material mainly to the education and training sector.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company made a loss for the year ended 31 December 2024 of £5,987 (2023 - profit £10,736).   At the reporting date, the balance sheet had net assets of £19,066 (2023 - £25,054).  
The company has had confirmation from the parent company that they will continue to support the company for the foreseeable future. On this basis, the director has decided it is appropriate to prepare the accounts on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
RAHMQVIST UK LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
5 to 10 years
Other fixed assets
-
over the remaining life of the lease

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
RAHMQVIST UK LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 11).


4.


Tangible fixed assets





Fixtures and fittings
Other fixed assets
Total

£
£
£





At 1 January 2024
13,537
51,606
65,143


Disposals
(13,537)
(51,606)
(65,143)



At 31 December 2024

-
-
-





At 1 January 2024
13,083
47,475
60,558


Disposals
(13,083)
(47,475)
(60,558)



At 31 December 2024

-
-
-



Net book value



At 31 December 2024
-
-
-



At 31 December 2023
454
4,131
4,585

Page 5

 
RAHMQVIST UK LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
74,536
60,377

Amounts owed by group undertakings
92,866
39,097

Prepayments and accrued income
6,332
23,387

173,734
122,861



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
104,511
82,602

Amounts owed to group undertakings
119,283
64,671

Other taxation and social security
28,455
34,990

Other creditors
-
5,366

Accruals and deferred income
46,377
36,364

298,626
223,993



7.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £14,636 (2023: £17,019). Contributions totalling £505 (2023: £638) were payable to the fund at the reporting date.

Page 6

 
RAHMQVIST UK LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
26,734
87,669

Later than 1 year and not later than 5 years
2,391
226,423

Later than 5 years
-
150,000

29,125
464,092

For the year ended 2023 the lease obligation for premises rent of £50,000 per annum until 24th December 2031 existed and is included in the above disclosure for 2023.
However the lease was terminated and a deed of surrender signed 28th February 2024.


9.


Controlling party

The parent company is Eric Rahmqvist AB a company incorporated in Sweden.
The ultimate parent undertaking is Rahmqvist Holding AB based in Sweden. The owner and director of Rahmqvist Holding AB is Jesper Rahmqvist.
The consolidated accounts of this group are available to the public and may be obtained from: 
Box 1, SE-181 73 Lidingo, Sweden.


10.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 11 June 2025 by Mark Dickinson FCA (Senior Statutory Auditor) on behalf of Shaw Gibbs (Audit) Limited.

 
Page 7