Annual report for limited companies
All limited companies must close their current accounts with an annual report and submit it to the Swedish Companies Registration Office. It is both quicker and easier to submit your annual report digitally.
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Film: Annual report for small limited companies
How does this work with annual reports? In this film we go through what you need to do in six different steps.
Sign and date the limited company's annual report
Prepare the annual report and any appendices the company needs. When the content of the annual report is complete, it should be dated. At a board meeting, the board decides that the annual report is complete and signs it. There should also be a date for each signature.
Submit your annual report to the Swedish Companies Registration Office
All limited companies are required to prepare an annual report and submit it to the Swedish Companies Registration Office. Once the annual general meeting has approved the balance sheet and profit and loss statement, you have one month to submit the annual report to the Swedish Companies Registration Office. This means that the Swedish Companies Registration Office must have received the annual report no later than seven months after the end of the financial year. You can choose whether to submit your annual report digitally or to send it by post to:
Bolagsverket
Årsredovisningar
851 98 Sundsvall
Submit your annual report digitally
Limited companies that follow the K2 or K3 regulations can submit their annual report to the Swedish Companies Registration Office digitally. Some of the advantages of this are:
- Annual report submission is quick.
- The information is retrieved directly from the company's accounting system. It reduces the risk of errors.
- You receive immediate confirmation that the annual report has been received.
- If the annual report is complete, it is registered immediately.
- This helps reduce the environmental impact because you do not use paper.
You will need software that supports digital submission to be able to send the annual report to the Swedish Companies Registration Office digitally.
How to do it
- Upload the annual report together with the audit report (where applicable). You do this directly from your software that supports digital submission.
- Invite the board member or CEO to sign. You need the Swedish personal identity number and email address of the person you invite.
- Submit the annual report. The person you invite logs in with their e-ID, signs the confirmation of approval and submits the annual report. You do everything digitally, so there is no need to send in any paperwork. Done!
When you submit your annual report digitally, you will receive a confirmation that it has been received. If the annual report is complete, it is registered immediately.
Content of an annual report on the Swedish Companies Registration Office's website
Regulations for your limited company's annual report
The annual report must be prepared in accordance with one of the Swedish Accounting Standards Board's K regulations. If your limited company is considered a smaller company, you can in many cases choose to prepare the annual report according to the simplified K2 rules instead of the main K3 regulations. For larger limited companies, there is no option to choose. Larger limited companies must always prepare the annual report in accordance with the main regulations K3.
Large enterprises
A limited company is considered larger if it reaches more than one of the following criteria for each of the last two financial years.
- more than 50 employees on average
- a balance sheet total of more than SEK 40 million
- a net turnover of more than SEK 80 million
Other companies are classified as small enterprises. Listed companies are always classified as large enterprises. In most cases, credit institutions, investment firms and insurance companies must also apply the regulations for large enterprises.
Annual report according to K2
Limited companies classified as small enterprises can in many cases choose to prepare their annual report according to the simplified K2 regulations.
K2 regulations on the Swedish Accounting Standards Board's website (in Swedish)
The following must be included in the annual report:
- Directors' report
- Profit and loss statement
- Balance sheet
- Notes
Annual report according to K3
The K3 regulations is the main framework for annual reports. Limited companies classified as large enterprises must apply K3. Many limited companies classified as small enterprises may choose to apply K2.
K3 regulations on the Swedish Accounting Standards Board's website (in Swedish)
The following must be included in the annual report:
- Directors' report
- Profit and loss statement
- Balance sheet
- Notes
If your limited company is classified as a large enterprise, you annual report must also include a cash flow statement. This is optional for small limited companies.
Auditor
The smallest limited companies may choose not to have an auditor. However, your limited company is required to have a qualified auditor if it meets at least two of the following criteria for two consecutive years:
- More than 3 employees (on average).
- Balance sheet total of more than SEK 1.5 million.
- Net turnover of more than SEK 3 million.