REGISTERED NUMBER: 02913000 (England and Wales)

SMEDBO LIMITED

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H H M Holm

P J Rampe

SECRETARY:

H H M Holm

REGISTERED OFFICE:

Unit 7 Neepsend Industrial Estate

80 Parkwood Road

Sheffield

South Yorkshire

S3 8AG

REGISTERED NUMBER:

02913000 (England and Wales)

AUDITORS:

Marriott Gibbs Rees Wallis Limited

Statutory Auditor

First Floor

Unit 4, Broadfield Court

Sheffield

South Yorkshire

S8 0XF

FIXED ASSETS

Tangible assets

4

2,165

1,439

CURRENT ASSETS

Stocks

74,252

92,687

Debtors

5

170,074

129,207

Cash at bank

82,809

161,826

327,135

383,720

CREDITORS

Amounts falling due within one year

6

(321,627

)

(316,886

)

NET CURRENT ASSETS

5,508

66,834

TOTAL ASSETS LESS CURRENT LIABILITIES

7,673

68,273

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Capital redemption reserve

200

200

Retained earnings

2,473

63,073

7,673

68,273

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 29th June 2026 and were signed on its behalf by:

H H M Holm - Director

1.	STATUTORY INFORMATION

Smedbo Limited 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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

-

15% on reducing balance

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2025

14,404

Additions

1,047

At 31st December 2025

15,451

DEPRECIATION

At 1st January 2025

12,965

Charge for year

321

At 31st December 2025

13,286

NET BOOK VALUE

At 31st December 2025

2,165

At 31st December 2024

1,439

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

160,877

120,234

Other debtors

9,197

8,973

170,074

129,207

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

16,091

9,785

Amounts owed to group undertakings

231,172

233,647

Taxation and social security

57,879

54,191

Other creditors

16,485

19,263

321,627

316,886

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

The Report of the Auditors was unqualified.

Tina Dawn Havenhand FCCA (Senior Statutory Auditor)

for and on behalf of Marriott Gibbs Rees Wallis Limited

8.	ULTIMATE CONTROLLING PARTY

The directors regard Smedbo Group AB (formerly Smedbo Invest AB), a company incorporated in Sweden, as both the immediate and ultimate parent company and the ultimate controlling party. The largest and smallest group in which the results of the company are consolidated is that headed by Smedbo Group AB (formerly Smedbo Invest AB). Copies of Smedbo Group AB (formerly Smedbo Invest AB) consolidated financial statements are available from c/o SMEDBO AB, BOX 13063, 250 13 Helsingborg, Skåne län, Sweden.

9.	GOING CONCERN

Despite the performance reflected in the 2025, management are confident that the company will return to profitability in 2026.

Smedbo Limited has obtained a signed letter of support from Smedbo AB, the parent company, who will continue to provide the necessary financial support for the foreseeable future, for a period of at least 12 months from the date of approving the financial statements.

As such, the management are confident that the business will continue as a going concern.