REGISTERED NUMBER: SC411490 (Scotland)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2025

for

KDAB (UK) Ltd

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

DIRECTORS:

Klaralvdalens Datakonsult AB

M Krus

SECRETARY:

M K Dalheimer

REGISTERED OFFICE:

The Old bakehouse

77A High Street

Linlithgow

West Lothian

EH49 7ED

REGISTERED NUMBER:

SC411490 (Scotland)

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

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

Klaralvdalens Datakonsult AB has held office during the whole of the period from 1 January 2025 to the date of this report.

Other changes in directors holding office are as follows:

Dr S Harmer - resigned 4 December 2025

M Krus - appointed 14 November 2025

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

27 April 2026

TURNOVER

3

1,791,453

1,880,941

Administrative expenses

1,798,629

2,057,395

(7,176

)

(176,454

)

Other operating income

16,937

36,463

OPERATING PROFIT/(LOSS)

9,761

(139,991

)

Interest receivable and similar income

1,504

1,458

PROFIT/(LOSS) BEFORE TAXATION

5

11,265

(138,533

)

Tax on profit/(loss)

6

(27,211

)

(17,169

)

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

38,476

(121,364

)

PROFIT/(LOSS) FOR THE YEAR

38,476

(121,364

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

38,476

(121,364

)

FIXED ASSETS

Tangible assets

7

13,868

20,126

CURRENT ASSETS

Debtors

8

516,024

512,687

Cash at bank and in hand

107,112

191,559

623,136

704,246

CREDITORS

Amounts falling due within one year

9

74,842

200,686

NET CURRENT ASSETS

548,294

503,560

TOTAL ASSETS LESS CURRENT LIABILITIES

562,162

523,686

CAPITAL AND RESERVES

Called up share capital

10

10

10

Retained earnings

11

562,152

523,676

SHAREHOLDERS' FUNDS

562,162

523,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 27 April 2026 and were signed on its behalf by:

Klaralvdalens Datakonsult AB - Director

M Krus - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

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

Changes in equity

Total comprehensive income

-

38,476

38,476

Balance at 31 December 2025

10

562,152

562,162

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.

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 profit (2024 - loss) before taxation are attributable to the one principal activity of the company.

4.	EMPLOYEES AND DIRECTORS

31.12.25

31.12.24

£

£

Wages and salaries

778,887

773,224

Social security costs

101,775

88,785

Other pension costs

34,624

34,927

915,286

896,936

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

31.12.25

31.12.24

Director

1

1

Administration

1

1

Software developers

12

11

14

13

31.12.25

31.12.24

£

£

Directors' remuneration

104,355

93,591

5.	PROFIT/(LOSS) BEFORE TAXATION

The profit before taxation (2024 - loss before taxation) is stated after charging/(crediting):

31.12.25

31.12.24

£

£

Depreciation - owned assets

10,415

12,752

Loss on disposal of fixed assets

962

3,250

Foreign exchange differences

(17,896

)

47,091

6.

TAXATION

Analysis of tax income

31.12.25

31.12.24

£

£

Current tax:

Tax

(27,211

)

(17,169

)

Total tax income in income statement

(27,211

)

(17,169

)

7.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

304

8,026

99,142

107,472

Additions

2,025

-

5,498

7,523

Disposals

-

-

(13,335

)

(13,335

)

At 31 December 2025

2,329

8,026

91,305

101,660

DEPRECIATION

At 1 January 2025

79

6,803

80,464

87,346

Charge for year

134

308

9,973

10,415

Eliminated on disposal

-

-

(9,969

)

(9,969

)

At 31 December 2025

213

7,111

80,468

87,792

NET BOOK VALUE

At 31 December 2025

2,116

915

10,837

13,868

At 31 December 2024

225

1,223

18,678

20,126

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

498,335

481,865

Other debtors

17,689

30,822

516,024

512,687

Other debtors consisted of the following:

£

VAT 5,036

Rent deposit 1,200

Prepayments 11,443

Other debtor 10

_______

17,689

_______

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

13,850

11,101

Tax

286

-

Social security and other taxes

27,292

24,899

Other creditors

7,728

7,241

Accruals and deferred income

25,686

157,445

74,842

200,686

Other creditors consisted of the following:

£

Pension 7,728

______

7,728

______

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

1,000

Ordinary

.01

10

10

11.

RESERVES

Retained

earnings

£

At 1 January 2025

523,676

Profit for the year

38,476

At 31 December 2025

562,152

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

14.	ULTIMATE CONTROLLING PARTY