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Registered number: 04765353
SWEDEV (UK) LIMITED
Unaudited Financial Statements
For The Year Ended 31 August 2025
Proaccounts UK
Unit M302, 89 Bickersteth Road
Tooting
LONDON
SW17 9SH
SWEDEV (UK) LIMITED
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—4

Page 1
SWEDEV (UK) LIMITED
Balance Sheet
As At 31 August 2025
Balance Sheet
Registered number: 04765353

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
CURRENT ASSETS
Stocks | 6 | 140,157 |  | 141,304 |
Debtors | 7 | 88,984 |  | 79,842 |
Cash at bank and in hand |  | 17,613 |  | 21,419 |
|  | 246,754 |  | 242,565 |
Creditors: Amounts Falling Due Within One Year | 8 | (66,754 ) |  | (72,235 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 180,000 |  | 170,330
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 180,000 |  | 170,330
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (36,000 ) |  | (38,000 )
NET ASSETS |  |  | 144,000 |  | 132,330
CAPITAL AND RESERVES
Called up share capital | 10 |  | 1 |  | 1
Profit and Loss Account |  |  | 143,999 |  | 132,329
SHAREHOLDERS' FUNDS |  |  | 144,000 |  | 132,330

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Ms PERNILLA MELEN Director
10/11/2025

The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
SWEDEV (UK) LIMITED
Notes to the Financial Statements
For The Year Ended 31 August 2025
Notes to the Financial Statements
1. General Information
SWEDEV (UK) LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 04765353 . The registered office is Unit 3 Prime Buildings, Daux Road, Billingshurst, RH14 9SJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 20% straight line

2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 2
Page 3
SWEDEV (UK) LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
3. Average Number of Employees
Average number of employees, including directors, during the year was:

| 2025 |  | 2024
--- | --- | --- | ---
Office and administration | 1 |  | 1
| 1 |  | 1

4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 September 2024 | 48,447
As at 31 August 2025 | 48,447
Amortisation
As at 1 September 2024 | 48,447
As at 31 August 2025 | 48,447
Net Book Value
As at 31 August 2025 | -
As at 1 September 2024 | -

5. Tangible Assets

| Plant & Machinery
--- | ---
| £
Cost
As at 1 September 2024 | 4,766
As at 31 August 2025 | 4,766
Depreciation
As at 1 September 2024 | 4,766
As at 31 August 2025 | 4,766
Net Book Value
As at 31 August 2025 | -
As at 1 September 2024 | -

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Finished goods | 140,157 |  | 141,304

Page 3
Page 4
SWEDEV (UK) LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 88,984 |  | 79,842

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 49,171 |  | 58,309
Corporation tax | 2,736 |  | 1,651
Other taxes and social security | 13,928 |  | 11,355
Other creditors | 919 |  | 920
| 66,754 |  | 72,235

9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other creditors | 36,000 |  | 38,000

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

11. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is SWEDEV AB . SWEDEV AB was incorporated in Sweden. Copies of the group accounts may be obtained from the secretary, UNIT 7 COMMERCE TRADE PARK, COMMERCE WAY, CROYDON CR0 4YN . The ultimate controlling party is SWEDEV AB who controls 100% of the shares of SWEDEV (UK) LIMITED .
Page 4