REGISTERED NUMBER: 11106167 (England and Wales)

Radonova Scientific Ltd

Financial Statements for the Year Ended 31 March 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Dr M F Dugdale

K P Nilsson

Mrs L R Pettersson

REGISTERED OFFICE:

Unit 12 Market Industrial Estate

Yatton

Bristol

BS49 4RF

REGISTERED NUMBER:

11106167 (England and Wales)

AUDITORS:

T C Group

One Bell Lane

LEWES

East Sussex

BN7 1JU

BANKERS:

National Westminster Bank plc

40 Queens Road

Clifton

Bristol

BS99 5AD

FIXED ASSETS

Tangible assets

5

7,129

6,917

CURRENT ASSETS

Stocks

13,088

31,233

Debtors

6

346,934

323,838

Cash at bank

233,605

122,443

593,627

477,514

CREDITORS

Amounts falling due within one year

7

289,303

354,862

NET CURRENT ASSETS

304,324

122,652

TOTAL ASSETS LESS CURRENT LIABILITIES

311,453

129,569

PROVISIONS FOR LIABILITIES

1,782

1,729

NET ASSETS

309,671

127,840

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

309,571

127,740

SHAREHOLDERS' FUNDS

309,671

127,840

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2026 and were signed on its behalf by:

Dr M F Dugdale - Director

1.	STATUTORY INFORMATION

Radonova Scientific Ltd 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.	STATEMENT OF COMPLIANCE

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. These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements are prepared under the historical cost convention. The principal accounting policies adopted are set out below.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Revenue is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

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

-

50% on cost, 33% on cost, 25% on cost and 20% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern

With adequate funding in place from the ultimate parent undertaking, the directors are satisfied that the company is adequately resourced to continue in operational existence for the foreseeable future. Accordingly, the directors will continue to adopt the going concern basis in preparing the financial statements.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

115,391

Additions

1,620

At 31 March 2026

117,011

DEPRECIATION

At 1 April 2025

108,474

Charge for year

1,408

At 31 March 2026

109,882

NET BOOK VALUE

At 31 March 2026

7,129

At 31 March 2025

6,917

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

309,166

270,502

Amounts owed by group undertakings

-

35,949

Other debtors

37,768

17,387

346,934

323,838

Amounts owed by group undertakings are unsecured,interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

15,027

336

Amounts owed to group undertakings

136,725

210,895

Taxation and social security

72,229

57,897

Other creditors

65,322

85,734

289,303

354,862

Amounts owed to group undertakings are unsecured,interest free and repayable on demand.

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.26

31.3.25

£

£

Within one year

23,000

4,142

Between one and five years

86,250

-

109,250

4,142

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

The Report of the Auditors was unqualified.

Jeff Fletcher FCCA (Senior Statutory Auditor)

for and on behalf of T C Group

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting standard applicable in the the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11.	ULTIMATE PARENT COMPANY

Lagercrantz Group AB, a publicly listed company registered in Sweden, is regarded by the directors as being the company's ultimate parent company and ultimate controlling party.

Lagercrantz Group AB is the parent company of the smallest and largest group for which Radonova Scientific Limited is a member and for which group consolidated financial statements are drawn up.

Copies of the consolidated financial statements in respect of Lagercrantz Group AB can be obtained from the company's office at Torsgatan 2, Box 3508, SE-103 69, Stockholm, Sweden.