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REGISTERED NUMBER: 06892520 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ABLEREX ELECTRONICS U.K. LIMITED

ABLEREX ELECTRONICS U.K. LIMITED (REGISTERED NUMBER: 06892520)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ABLEREX ELECTRONICS U.K. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







Director: Wen Hsu





Secretary: Vistra Cosec Limited





Registered office: First Floor Templeback
10 Temple Back
Bristol
BS1 6FL





Registered number: 06892520 (England and Wales)





Auditors: Fuller & Roper Limited
Chartered Accountants and Statutory Auditors
12 Old Mills Industrial Estate
Paulton
BS39 7SU

ABLEREX ELECTRONICS U.K. LIMITED (REGISTERED NUMBER: 06892520)

BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/12/22
Notes €    €   
FIXED ASSETS
Investments 4 100,000 100,000

CURRENT ASSETS
Debtors 5 1,204 839

CREDITORS
Amounts falling due within one year 6 (90,166 ) (79,750 )
NET CURRENT LIABILITIES (88,962 ) (78,911 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,038

21,089

CAPITAL AND RESERVES
Called up share capital 115,287 115,287
Retained earnings (104,249 ) (94,198 )
SHAREHOLDERS' FUNDS 11,038 21,089

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 director and authorised for issue on 6 August 2024 and were signed by:





Wen Hsu - Director


ABLEREX ELECTRONICS U.K. LIMITED (REGISTERED NUMBER: 06892520)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Ablerex Electronics U.K. 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.

The presentation currency of the financial statements is Euro (€), and these are rounded to the nearest Euro (€),

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.

Preparation of consolidated financial statements
The financial statements contain information about Ablerex Electronics U.K. Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Investments in subsidiaries
The investments are stated at cost less any provision for diminution in value. Any profits or losses on disposal of investments are taken to the profit and loss account. Income from investments is recognised when entitlement to dividends or interest is established.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

Foreign currencies
Assets and liabilities in foreign currencies are translated into euros at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into euros at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
The financial statements have been prepared on a going concern basis. The company has net current liabilities of €88,962 (2022: €78,911). The company relies on its parent company to settle its liabilities as they become due.

The going concern basis has been considered appropriate by the director as the parent undertaking, Ablerex Electronics Co., Ltd., has indicated that will continue to support the company financially for the foreseeable future.

ABLEREX ELECTRONICS U.K. LIMITED (REGISTERED NUMBER: 06892520)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
€   
Cost
At 1 January 2023
and 31 December 2023 100,000
Net book value
At 31 December 2023 100,000
At 31 December 2022 100,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
€    €   
Other debtors 1,204 839

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
€    €   
Trade creditors 536 -
Amounts owed to group undertakings 81,088 71,730
Other creditors 8,542 8,020
90,166 79,750

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

The Report of the Auditors was unqualified.

Simon Roper (Senior Statutory Auditor)
for and on behalf of Fuller & Roper Limited

8. ULTIMATE CONTROLLING PARTY

Ablerex Electronics Co., Ltd (incorporated in Taiwan) is the company's immediate and ultimate parent company.

Copies of the consolidated group financial statements can be obtained from 1F, No3, Lane 7, Paokao Road, Hsintien, 2314, Taipei Hsien, Taiwan.