Ableworld Holdings (UK) Limited

Contents
	Page
Strategic Report	1—4
Directors' Report	5—6
Independent Auditor's Report	7—10
Consolidated Profit and Loss Account	11
Consolidated Statement of Comprehensive Income	12
Consolidated Balance Sheet	13—14
Company Balance Sheet	15—16
Consolidated Statement of Changes in Equity	17
Consolidated Statement of Cash Flows	18
Notes to the Consolidated Statement of Cash Flows	19
Notes to the Financial Statements	20—30

The directors present their strategic report for the year ended 31 August 2025.

Review of the Business

The year to August 2025 was a challenging period for the Group, particularly during the first half of the financial year, with trading impacted by softer consumer demand and continued cost pressures across the retail sector.

In response, the Group implemented a range of operational and cost-focused initiatives across its businesses aimed at improving profitability, strengthening cash generation and supporting longer-term performance. These actions began to take effect during the second half of the year, with trading conditions improving across a number of areas of the Group.

The Group comprises a range of retail, franchise and associated business activities, including Ableworld (UK) Limited, Ableworld Franchise Limited, Mobility Ventures Limited and investments in JS&CD Limited and Southampton Mobility Limited. The Group’s primary focus remains its core retail and franchise operations, while its associated investments have provided additional support and stability during the period.

Group turnover for the year increased to £28,115,295 (2024: £27,109,079), with gross profit increasing to £13,359,835 (2024: £13,352,733). The Group reported a loss before taxation of approximately £576k (2024: profit before taxation of £167k), reflecting the difficult trading conditions experienced during the first half of the financial year together with continued cost pressures across the sector.

Encouragingly, the improvement seen during the second half of the year has continued into the current financial year, with stronger trading, improved margins and tighter financial control across the Group. The Directors believe the actions taken during the year have positioned the Group more strongly for improved profitability and sustainable long-term growth.

Principal Risks and Uncertainties

The Group operates within a competitive and evolving retail environment and is exposed to a range of risks and uncertainties which could affect future performance. The Board maintains oversight of these risks through regular review of financial performance, operational reporting and ongoing engagement with management teams across the Group’s businesses.

The principal risks facing the Group continue to include changes in consumer confidence and discretionary spending, particularly within the Group’s core customer demographic. Economic uncertainty and pressure on household finances may impact customer demand and purchasing behaviour.

Inflationary pressure across payroll, transport, utilities and other operating costs also remains a key challenge for the Group. Maintaining profitability therefore requires continued focus on pricing discipline, cost control and business efficiency across the Group’s businesses.

The Group also recognises the importance of supporting the ongoing growth and performance of its franchise network. The success of the franchise model depends upon maintaining strong relationships with franchise partners together with strong support and operational consistency across the network.

The Group continues to invest in systems, infrastructure and operational improvements to support long-term development. While these investments are expected to provide long-term benefits, they also require careful management and implementation.

The Directors review the principal risks facing the Group on a regular basis and are satisfied that appropriate measures are in place to manage these risks as effectively as possible.

Results and Performance

Group turnover for the year increased to £28,115,295 (2024: £27,109,079), reflecting improved revenue performance during the second half of the financial year.

Gross profit increased to £13,359,835 (2024: £13,352,733), supported by stronger trading and improving margins within the Group’s core retail operations together with improved performance from the franchise business. This was partially offset by a £250k one-off stock write-off in Ableworld (UK) Limited.

Administrative expenses increased during the year, reflecting continued inflationary pressure across payroll, transport and other operating costs together with ongoing investment across the Group’s businesses. As a result, the Group reported an operating loss of approximately £568k (2024: operating profit of £176k) and a loss before taxation of approximately £576k (2024: profit before taxation of £167k).

Despite the full-year result, trading performance improved materially during the second half of the year, with the Group entering the current financial year in a significantly stronger position.

The Group’s associated businesses also continued to trade profitably during the year, contributing positive results and providing additional support to the wider Group.

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Ableworld Holdings (UK) Limited

Strategic Report (continued)

For The Year Ended 31 August 2025

Principal Risks and Uncertainties - continued

Encouragingly, the stronger trading performance seen during the latter part of the financial year has continued into 2025/26, with improved profitability, stronger margins and tighter financial control across the Group.

Business Environment

The retail mobility sector continues to show good growth, and the Board strongly believe that a broad range of products, offering choice both in terms of features and functionality as well as price points benefits the Ableworld customers. This is supplemented by experienced and knowledgeable staff who are able to assist customers to obtain the right product to suit their needs. There remains strong competition within the sector both from physical stores as well as online operators.

Product development is important, with improvements in technology resulting in lighter and more manageable products have become available, which is often a key consideration for customers. The Ableworld buying team working pro-actively to offer new and innovative products to complement existing popular ranges.

Strategy

The Group’s strategy is centred on strengthening its core retail and franchise operations through disciplined management, operational improvement and measured long-term growth.

During the year, particular emphasis was placed on improving profitability and cash generation across the Group following the more difficult trading conditions experienced during the first half of 2024/25.

This included cost control, stock management, pricing discipline and greater use of performance data to support decision making across the Group’s businesses.

Ableworld (UK) Limited remains the Group’s principal trading operation and continues to develop through investment in product range, systems and infrastructure together with ongoing improvements in customer service and overall trading results.

Franchise development remains an important strategic priority for the Group. During the year, Ableworld Franchise Limited returned to profitability while the network continued to expand through both existing and new franchise partners. The Directors believe the franchise model provides a measured and scalable opportunity to strengthen the Ableworld brand and expand geographic reach over the longer term.

During 2026, the Group supported the successful resale of the Paisley franchise to new operators who are enthusiastic about growing the business, while the Colchester franchise relocated to larger premises to support future growth. In addition, a new franchise operation in Edinburgh is expected to commence trading during June 2026, further expanding the Group’s network and geographic presence.

The Group’s associated investments in JS&CD Limited and Southampton Mobility Limited provided supportive contributions during the year. While these interests remain beneficial to the wider Group, the primary emphasis of the Directors remains the long-term growth of the Group’s core retail and franchise activities.

Looking ahead, the Group will prioritise disciplined cost management, cash generation and sustainable long-term growth

Key Performance Indicators

The Directors monitor and evaluate the progress of the business frequently by reference to certain KPIs;

	2025	2024
	£	£
Turnover	£28.12m	£27.11m
Gross Profit	£13.36m	£13.35m
Gross Profit %	47.5%	49.2%
Profit/(Loss) on ordinary activities before tax	(£0.576m)	£0.167m

Future Developments

The Group entered the 2025/26 financial year in a significantly stronger position following the improvement in trading performance achieved during the second half of the prior year.

Trading across the Group during the early part of 2025/26 has remained encouraging, with stronger profitability, improved margins and tighter financial control compared to the prior year. The Group’s core retail operations have returned to profitability on a year-to-date basis, supported by improved trading performance together with ongoing emphasis on pricing discipline, stock management and cost control.

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Ableworld Holdings (UK) Limited

Strategic Report (continued)

For The Year Ended 31 August 2025

Future Developments - continued

Ableworld Franchise Limited has also continued to perform positively during the year, with further expansion of the network through both existing and new franchise partners. During 2026, the Group supported the successful resale of the Paisley franchise to new operators who are enthusiastic about growing the business, while the Colchester franchise relocated to larger premises to support future growth. In addition, a new franchise operation in Edinburgh is expected to commence trading during June 2026, further expanding the Group’s geographic presence.

During May 2026, Ableworld (UK) Limited completed repayment of the Coronavirus Business Interruption Loan Scheme (CBILS) facility originally taken out following the Covid-19 pandemic. Repayment of this loan has strengthened the Group’s overall financial position and improved ongoing cash flow generation.

The Group’s associated businesses are also expected to continue providing positive contributions during the current financial year.

The Group will celebrate the 25th anniversary of the Ableworld business during 2026, marking an important milestone in the development of the Group. The fourth quarter of the financial year will include a number of promotional and marketing initiatives linked to the anniversary celebrations, aimed at supporting customer engagement and trading performance across the Group.

Whilst encouraged by the progress achieved during the current financial year, the Directors continue to maintain a disciplined approach to cost management, cash generation and operational performance.

Overall, the Directors believe the Group is well positioned to deliver improved profitability and sustainable long-term growth in the years ahead.

Decision Making

The Group is overseen by an experienced Board comprising four full-time executive Directors together with two non-executive Directors, providing a broad range of experience across retail, franchising and business management.

The Board structure primarily supports the oversight and strategic direction of Ableworld (UK) Limited and Ableworld Franchise Limited, while also providing broader coordination across the Group’s wider activities and associated interests.

The Board meets regularly throughout the year, typically holding eleven formal meetings together with an additional video meeting during the pre-Christmas period. These meetings provide an opportunity to review trading performance, financial results, strategic priorities and growth and progress across the Group’s core businesses.

In addition to formal Board meetings, the executive Directors remain in regular contact on operational and commercial matters, enabling the Group to respond quickly to changing trading conditions and business requirements.

In relation to JS&CD Limited and Southampton Mobility Limited, the Directors also maintain regular communication with the respective management teams and shareholders, together with face-to-face Board meetings typically held every two to three months.

During the year, particular attention was given to improving profitability, strengthening cash generation and supporting performance across the Group following the weaker trading experienced during the first half of the financial year.

The Directors maintain oversight of the Group through regular financial reporting, management information and ongoing engagement with management teams across the Group’s businesses and franchise network.

Employee Engagement and Well-being

The Directors recognise that employees remain central to the success of the Group, particularly during periods of change, business improvement and growth.

Across the Group’s businesses, emphasis is placed on maintaining open communication and encouraging employees to contribute to the ongoing success and performance of the business. Regular communication and engagement help ensure employees remain informed and involved during periods of change and growth.

The Directors also recognise the importance of strong leadership and operational support in maintaining morale, performance and stability across the Group’s businesses and franchise network.

The Group remains committed to providing a supportive working environment where employees are treated fairly, feel valued and are able to contribute to the long-term success of the business.

Fair Treatment and Inclusivity

The Group is committed to promoting a culture of fairness, respect and inclusivity across its businesses. The Directors aim to provide a working environment in which employees are treated equally and with dignity, regardless of background.

Policies and practices are maintained to support equal opportunities and ensure employees are able to contribute fully to the success and ongoing development of the Group. The Directors continue to review these practices to ensure they remain appropriate and effective.

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Ableworld Holdings (UK) Limited

Strategic Report (continued)

For The Year Ended 31 August 2025

Future Developments - continued

Maintaining High Standards of Business Conduct and Product Safety

The Group is committed to maintaining high standards of business conduct across its retail and franchise operations, with a strong emphasis on ethical trading, customer care and responsible selling practices.

Ensuring that customers receive appropriate advice and suitable products remains a central principle of the business. For certain product categories, including mobility scooters, wheelchairs and rise and recline chairs, an appropriate assessment of customer needs is considered essential prior to purchase. As such, these products are not sold directly online without appropriate consultation.

The Directors believe this approach supports better customer outcomes and reduces the risk of unsuitable products being purchased without proper guidance. The Group also maintains a clear position against high-pressure sales techniques, instead encouraging employees and franchise partners to provide customers with the information and support required to make informed decisions at their own pace.

Transparency in pricing also remains an important principle across the Group’s businesses, with clear and consistent pricing information provided across online, advertising and in-store channels.

Within the stairlift operations, the Group continues to operate a service-led model using directly employed engineers responsible for customer assessment, installation and ongoing maintenance. The Directors believe this approach supports greater continuity, accountability and customer confidence throughout the process.

Through these principles, the Group aims to ensure its trading practices remain consistent with its values while continuing to support customer safety, satisfaction and long-term trust in the Ableworld brand.

Impact on the Community and Environment

The Group recognises the importance of operating as a responsible business within the communities it serves. Through its retail stores and franchise network, the Group supports customers by providing mobility products and services aimed at improving independence, comfort and quality of life.

The Group also seeks to maintain strong relationships within local communities, supporting local employment and regional economic activity through both its directly operated stores and franchise partners.

In relation to environmental impact, the Group continues to take a practical and considered approach to its operations, including the efficient use of resources and ongoing review of its supply chain and product offering. The Directors remain mindful of the Group’s environmental responsibilities and will continue to identify appropriate opportunities for improvement in this area.

On behalf of the board

Mr N D Cox

Director

28 May 2026

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Ableworld Holdings (UK) Limited

Company No. 08930697

Directors' Report For The Year Ended 31 August 2025

Directors' Report

The directors present their report and the financial statements for the year ended 31 August 2025.

Principal Activity

The group's principal activity continues to be that of retail of mobility equipment.

Directors

The directors who held office during the year were as follows:

Mr M J Williams

Mr N D Cox

Ms T L Page

Mr A Leavy

Mr K E Deary

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company and group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company and group's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company and group's auditors are aware of that information.

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Ableworld Holdings (UK) Limited

Directors' Report (continued)

For The Year Ended 31 August 2025

Independent Auditors

The auditors, Deans, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr N D Cox

Director

28 May 2026

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Independent Auditor's Report

to the Members of

Ableworld Holdings (UK) Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Ableworld Holdings (UK) Limited (the "parent company") and its subsidiaries (the "group") for the year ended 31 August 2025 which comprise the Consolidated Profit and Loss Account, Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes of Equity, Company Statement of Changes of Equity, Consolidated Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the group's and of the parent company's affairs as at 31 August 2025 and of the group's profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent company's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon.

The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Ableworld Holdings (UK) Limited

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the group and parent company and their environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
the parent company financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 5—6, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group and parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

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Independent Auditor's Report (continued)

to the Members of

Ableworld Holdings (UK) Limited

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

• the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

• we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the company's operating sector;

• we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;

• we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

• identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

• making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;

• considering the internal controls in place to mitigate risk of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

• performed analytical procedures to identify any unusual balances, variances or unexpected relationships;

• assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias;

• investigated the rationale behind significant or unusual transactions; and

• specifically tested the controls around banking payments.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

• agreeing financial statement disclosures to underlying supporting documentation;

• reading the minutes of meetings of those charged with governance;

• enquiring of management as to actual and potential litigation claims;

• reviewing correspondence with HMRC and other relevant regulators.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

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Independent Auditor's Report (continued)

to the Members of

Ableworld Holdings (UK) Limited

Richard Stonier (Senior Statutory Auditor)

for and on behalf of Deans , Statutory Auditor

29 May 2026

Deans

Deans Accountants

Gibson House, Hurricane Court

Stafford

Staffordshire

ST16 1GZ

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Ableworld Holdings (UK) Limited

Consolidated Profit and Loss Account

For The Year Ended 31 August 2025

Consolidated Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER		28,115,295	27,109,079
Cost of sales		(14,755,460 )	(13,756,346 )

GROSS PROFIT		13,359,835	13,352,733

Administrative expenses		(13,973,057 )	(13,215,628 )
Other operating income		45,390	38,452

OPERATING (LOSS)/PROFIT	2	(567,832 )	175,557
Income from Shares in group undertakings		50,239	59,104
Loss on disposal of fixed assets		(30,164 )	(29,799 )
Other interest receivable and similar income		8,509	5,010
Interest payable and similar charges	6	(36,330 )	(42,568 )

(LOSS)/PROFIT BEFORE TAXATION		(575,578 )	167,304
Tax on (Loss)/profit	7	76,547	(184,421 )

LOSS AFTER TAXATION BEING LOSS FOR THE FINANCIAL YEAR		(499,031 )	(17,117 )


Loss attributable to:
Owners of the parent		(554,462)	(67,289)
Non-controlling interest		55,431	50,172

		(499,031 )	(17,117 )

The notes on pages 19 to 30 form part of these financial statements.

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Ableworld Holdings (UK) Limited

Consolidated Statement of Comprehensive Income

For The Year Ended 31 August 2025

Consolidated Statement of Comprehensive Income

	2025	2024
	£	£
Loss for the financial year	(499,031 )	(17,117 )
Remaining recognised gains (losses) for the year	6,975	-

Other comprehensive income for the year	6,975	8,795

Total comprehensive income for the year	(492,056 )	(8,322 )


Total comprehensive income attributable to:
Owners of the parent	(547,487)	(58,494)
Non-controlling interest	55,431	50,172

	(492,056 )	(8,322 )

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Ableworld Holdings (UK) Limited

Consolidated Balance Sheet

As At 31 August 2025

Consolidated Balance Sheet

Registered number: 08930697

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	8		145,396		176,691
Tangible Assets	9		1,266,484		1,407,849
Investments	10		147,760		147,760

			1,559,640		1,732,300
CURRENT ASSETS
Stocks	11	3,877,602		4,217,500
Debtors	12	1,167,021		1,301,018
Cash at bank and in hand		720,597		614,500

		5,765,220		6,133,018
Creditors: Amounts Falling Due Within One Year	13	(4,829,969 )		(4,662,107 )

NET CURRENT ASSETS (LIABILITIES)			935,251		1,470,911

TOTAL ASSETS LESS CURRENT LIABILITIES			2,494,891		3,203,211

Creditors: Amounts Falling Due After More Than One Year	14		(187,434 )		(297,027 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(156,207 )		(220,078 )

NET ASSETS			2,151,250		2,686,106

CAPITAL AND RESERVES
Called up share capital	17		900,200		900,200
Share Based Payment Reserve			33,366		26,391
Profit and Loss Account			1,097,934		1,652,396

Equity attributable to owners of the parent			2,031,500		2,578,987
Non-controlling interest			119,750		107,119

TOTAL EQUITY			2,151,250		2,686,106

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Ableworld Holdings (UK) Limited

Consolidated Balance Sheet (continued)

As At 31 August 2025

The financial statements were approved by the board of directors on 28 May 2026 and were signed on its behalf by:

Mr N D Cox

Director

The notes on pages 19 to 30 form part of these financial statements.

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Ableworld Holdings (UK) Limited

Company Balance Sheet

As At 31 August 2025

Company Balance Sheet

Registered number: 08930697

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	10		900,201		900,200

			900,201		900,200
CURRENT ASSETS
Debtors	12	1		1

		1		1
Creditors: Amounts Falling Due Within One Year	13	(1 )		(1 )

TOTAL ASSETS LESS CURRENT LIABILITIES			900,201		900,200

NET ASSETS			900,201		900,200

CAPITAL AND RESERVES
Called up share capital	17		900,200		900,200
Share Based Payment Reserve			33,366		26,391
Profit and Loss Account			(33,365 )		(26,391 )

SHAREHOLDERS' FUNDS			900,201		900,200

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Ableworld Holdings (UK) Limited

Company Balance Sheet (continued)

As At 31 August 2025

In accordance with section 408(3) of the Companies Act 2006, the company has not presented its own profit and loss account and the related notes. The company's loss for the year was £(6,974 ) (2024: £(8,795 ) (loss)/profit).

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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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

Mr N D Cox

Director

28 May 2026

The notes on pages 19 to 30 form part of these financial statements.

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Ableworld Holdings (UK) Limited

Consolidated Statement of Changes in Equity

For The Year Ended 31 August 2025

Consolidated Statement of Changes in Equity

	Share Capital	Share Based Payment Reserve	Profit and Loss Account	Total Attributable to Parent
	£	£	£	£
As at 1 September 2023	900,200	17,596	1,751,653	2,669,449
Loss for year	-	-	(67,289)	(67,289 )

Profit and Loss Account transfer	-	8,795	-	8,795

Other comprehensive income for the year	-	8,795	-	8,795

Total comprehensive income for the year	-	8,795	(67,289 )	(58,494 )

Dividends paid	-	-	(29,850)	(29,850)
Disposal of shares in subsidiary to non-controlling interest	-	-	(2,118 )	(2,118 )

As at 31 August 2024 and 1 September 2024	900,200	26,391	1,652,396	2,578,987


Loss for year	-	-	(554,462)	(554,462 )

Profit and Loss Account transfer	-	6,975	-	6,975

Other comprehensive income for the year	-	6,975	-	6,975

Total comprehensive income for the year	-	6,975	(554,462 )	(547,487 )

Dividends paid	-	-	-	-

As at 31 August 2025	900,200	33,366	1,097,934	2,031,500

	Non-controlling interest	Total
	£	£
As at 1 September 2023	54,829	2,724,278
Loss for year	50,172	(17,117 )

Profit and Loss Account transfer	-	8,795

Other comprehensive income for the year	-	8,795

Total comprehensive income for the year	50,172	(8,322)

Dividends paid	-	(29,850)
Disposal of shares in subsidiary to non-controlling interest	2,118	-

As at 31 August 2024 and 1 September 2024	107,119	2,686,106


Loss for year	55,431	(499,031 )

Profit and Loss Account transfer	-	6,975

Other comprehensive income for the year	-	6,975

Total comprehensive income for the year	55,431	(492,056)

Dividends paid	(42,800 )	(42,800)

As at 31 August 2025	119,750	2,151,250

Page 17

Page 18

Ableworld Holdings (UK) Limited

Consolidated Statement of Cash Flows

For The Year Ended 31 August 2025

Consolidated Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	413,714	250,899
Interest paid		(36,330 )	(42,568 )
Tax paid		(108,057 )	(43,763 )

Net cash generated from operating activities		269,327	164,568

Cash flows from investing activities
Purchase of tangible assets		(42,574 )	(55,123 )
Proceeds from disposal of tangible assets		-	4,623
Interest received		8,509	5,010
Dividends received		50,239	59,104

Net cash generated from investing activities		16,174	13,614

Cash flows from financing activities
Equity dividends paid		(42,800 )	(29,850 )
Repayment of bank borrowings		(136,604 )	(140,831 )

Net cash used in financing activities		(179,404 )	(170,681 )



Increase in cash and cash equivalents		106,097	7,501
Cash and cash equivalents at beginning of year	2	614,500	606,999

Cash and cash equivalents at end of year	2	720,597	614,500

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Ableworld Holdings (UK) Limited

Notes to the Consolidated Statement of Cash Flows

For The Year Ended 31 August 2025

Notes to the Consolidated Statement of Cash Flows

1. Reconciliation of loss for the financial year to cash generated from operations

	2025	2024
	£	£
Loss for the financial year	(499,031 )	(17,117 )
Adjustments for:
Tax on loss	(76,547 )	184,421
Interest expense	36,330	42,568
Interest income	(8,509 )	(5,010 )
Income from shares in group undertakings	(50,239)	(59,104)
Amortisation of intangible assets	31,296	31,296
Depreciation of tangible assets	153,775	188,778
Loss on disposal of tangible assets	30,164	37,733
Loss on revaluation of fixed assets	-	122,471
Movements in working capital:
Decrease/(increase) in stocks	339,898	(19,932 )
Decrease in trade and other debtors	210,584	150,932
Increase/(decrease) in trade and other creditors	239,019	(414,932 )
Share Based payment	6,974	8,795

Net cash generated from operations	413,714	250,899

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	720,597	614,500

3. Analysis of changes in net funds

	As at 1 September 2024	Cash flows	As at 31 August 2025
	£	£	£
Cash at bank and in hand	614,500	106,097	720,597
Debts falling due within one year	(136,882 )	33,199	(103,683 )
Debts falling due after more than one year	(276,388)	103,405	(172,983)

	201,230	242,701	443,931

Page 19

Page 20

Ableworld Holdings (UK) Limited

Notes to the Financial Statements

For The Year Ended 31 August 2025

Notes to the Financial Statements

1. Accounting Policies

1.1. Basis of Preparation of 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2. Basis Of Consolidation

The group consolidated financial statements include the financial statements of the company and all of its subsidiary undertakings together with the group’s share of the results of associates made up to 31 August 2025.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. Where the group owns less than 50% of the voting powers of an entity but controls the entity by virtue of an agreement with other investors which give it control of the financial and operating policies of the entity, it accounts for that entity as a subsidiary.

Where a subsidiary has different accounting policies to the group, adjustments are made to those subsidiary financial statements to apply the group’s accounting policies when preparing the consolidated financial statements.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the group holds a long-term interest and where the group has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate. The results of associates are accounted for using the equity method of accounting.

Any subsidiary undertakings or associates sold or acquired during the year are included up to, or from, the dates of change of control or change of significant influence respectively.

Where control of a subsidiary is lost, the gain or loss is recognised in the consolidated income statement. The cumulative amounts of any exchange differences on translation, recognised in equity, are not included in the gain or loss on disposal and are transferred to retained earnings. The gain or loss also includes amounts included in other comprehensive income that are required to be reclassified to profit or loss but excludes those amounts that are not required to be reclassified.

Where control of a subsidiary is achieved in stages, the initial acquisition that gave the group control is accounted for as a business combination. Thereafter where the group increases its controlling interest in the subsidiary the transaction is treated as a transaction between equity holders. Any difference between the fair value of the consideration paid and the carrying amount of the non-controlling interest acquired is recognised directly in equity. No changes are made to the carrying value of assets, liabilities or provisions for contingent liabilities.

1.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of mobility equipment is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from franchise services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the contract length. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Interest

Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

Dividend income

Dividend income is recognised as the company's right to receive the dividends is established.

Page 20

Page 21

Ableworld Holdings (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

1.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is 5-10 years. Provision is made for any impairment.

1.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.

Freehold	not provided for
Leasehold	in accordance with the property
Plant & Machinery	Straight line over 3-10 years
Motor Vehicles	Straight line over 4 years
Fixtures & Fittings	Straight line over 3-5 years
Computer Equipment	Straight line over 3 years

1.6. Investments

Investments in subsidiaries and associates are measured at cost less impairment.

1.7. Leasing and Hire Purchase Contracts

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

1.8. Stocks and Work in Progress

Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all cost of purchase, cost of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

1.9. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

1.10. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Page 21

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Ableworld Holdings (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

1.11. Share-based payment

The cost and corresponding increase in equity in respect of equity settled share based payment transactions with employees are measured by reference to the fair value of equity instruments issued at the date of grant. Amounts are expensed on a straight line basis over the vesting period based on the estimate of shares that will eventually vest and adjusted for the effect of non-market based vesting conditions.

1.12. Purchase rebates

Purchase rebates are recognised in the financial statements when it is virtually certain they are due and payable.

1.13. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

2. Operating (Loss)/profit

The operating (loss)/profit is stated after charging:

	2025	2024
	£	£
Operating lease rentals	1,606,864	1,492,443
Depreciation of tangible fixed assets	153,775	188,778
Amortisation of intangible fixed assets	31,296	31,296

3. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	43,860	40,630

4. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	6,539,248	6,204,937
Social security costs	709,836	571,711
Other pension costs	150,120	141,023

	7,399,204	6,917,671

Page 22

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Ableworld Holdings (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

5. Average Number of Employees

Group

Average number of employees, including directors, during the year was as follows:

	2025	2024
Employees	222	222
Directors	5	5

	227	227

Company

Average number of employees, including directors, during the year was: 5 (2024: 5)

6. Interest Payable

	2025	2024
	£	£
Bank loans and overdrafts	20,351	28,577
Other finance charges	15,979	13,991

	36,330	42,568

7. Tax on Profit

	Tax Rate		2025	2024
	2025	2024	£	£
UK Corporation Tax	25.0%	25.0%	63,941	112,265
Prior period adjustment			(76,617 )	(2,206 )

Total Current Tax Charge			(12,676 )	110,059
Deferred taxation - Origination and reversal of timing differences			(63,871 )	74,362

Total tax charge for the period			(76,547 )	184,421


			2025	2024
			£	£
Profit before tax			(575,578)	167,304

Breakdown of tax charge is:
Tax on profit at 25% (UK standard rate)			(143,895 )	41,096
Goodwill/depreciation not allowed for tax			136,292	62,775
Expenses not deductible for tax purposes			19,879	16,829
Tax losses utilised			-	(14,667 )
Capital allowances			(8,407 )	(9,502 )
Short term timing differences			(63,871 )	74,362
Prior period adjustment			(76,617 )	(2,206 )
Difference in tax rates			(15 )	-
Dividends from companies			(12,560 )	(14,884 )
Tax losses unutilised carried forward			72,647	-
Revenue exempt from taxation			-	30,618

Total tax charge for the period			(76,547)	184,421

Page 23

Page 24

Ableworld Holdings (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

There are no tax effects arising from other comprehensive income.

8. Intangible Assets

Group

	Goodwill	Patents and Licences	Total
	£	£	£
Cost
As at 1 September 2024	369,405	37,000	406,405

As at 31 August 2025	369,405	37,000	406,405

Amortisation
As at 1 September 2024	192,714	37,000	229,714
Provided during the period	31,295	-	31,295

As at 31 August 2025	224,009	37,000	261,009

Net Book Value
As at 31 August 2025	145,396	-	145,396

As at 1 September 2024	176,691	-	176,691

Company

The company had no intangible fixed assets as at 31 August 2025 or 31 August 2024.

9. Tangible Assets

Group

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost or Valuation
As at 1 September 2024	400,000	320,489	618,496	124,183
Additions	-	11,420	5,289	11,495
Disposals	-	(32,640 )	(2,311 )	-

As at 31 August 2025	400,000	299,269	621,474	135,678

Depreciation
As at 1 September 2024	-	192,885	77,871	61,301
Provided during the period	-	24,087	44,314	12,141
Disposals	-	(15,793 )	(2,311 )	-

As at 31 August 2025	-	201,179	119,874	73,442

Net Book Value
As at 31 August 2025	400,000	98,090	501,600	62,236

As at 1 September 2024	400,000	127,604	540,625	62,882

Page 24

Page 25

Ableworld Holdings (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025


	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost or Valuation
As at 1 September 2024	1,063,793	125,727	2,652,688
Additions	13,705	665	42,574
Disposals	(94,192 )	(69,085 )	(198,228 )

As at 31 August 2025	983,306	57,307	2,497,034

Depreciation
As at 1 September 2024	791,738	121,044	1,244,839
Provided during the period	71,760	1,473	153,775
Disposals	(80,878 )	(69,082 )	(168,064 )

As at 31 August 2025	782,620	53,435	1,230,550

Net Book Value
As at 31 August 2025	200,686	3,872	1,266,484

As at 1 September 2024	272,055	4,683	1,407,849

Included within Freehold property is an asset with a carrying value of £400,000 rented to a member of the group. This asset is pledged as security for a creditor.

Company

The company had no tangible fixed assets as at 31 August 2025 or 31 August 2024.

10. Investments

Group

	Associates
	£
Cost
As at 1 September 2024	147,760

As at 31 August 2025	147,760

Provision
As at 1 September 2024	-

As at 31 August 2025	-

Net Book Value
As at 31 August 2025	147,760

As at 1 September 2024	147,760

Page 25

Page 26

Ableworld Holdings (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Company

	Subsidiaries
	£
Cost
As at 1 September 2024	900,200
Additions	1

As at 31 August 2025	900,201

Provision
As at 1 September 2024	-

As at 31 August 2025	-

Net Book Value
As at 31 August 2025	900,201

As at 1 September 2024	900,200

Subsidiaries

Details of the group's subsidiaries as at 31 August 2025 are as follows:

Name of undertaking	Registered Office	Class of shares held	Direct holding	Indirect holding
Ableworld (UK) Limited	Alpha Building, Stapeley Technology Park, London Road, Nantwich, Chesire, CW5 7JW	Ordinary	100.00%	100.00%
Ableworld Franchise Limited	Alpha Building, Stapeley Technology Park, London Road, Nantwich, Chesire, CW5 7JW	Ordinary	100.00%	100.00%
Mobility Ventures Limited	Alpha Building, Stapeley Technology Park, London Road, Nantwich, Chesire, CW5 7JW	Ordinary	100.00%	100.00%
JS & CD Limited	Deans Accountants, Gibson House, Hurricane Court, Hurricane Close, Stafford, Staffordshire, ST16 1GZ	Ordinary	50.00%	50.00%
Southampton Mobility Limited	Alpha Building, Stapeley Technology Park, London Road, Nantwich, Chesire, CW5 7JW	Ordinary	45.00%	45.00%

The aggregate capital and reserves and the result for the year of the subsidiaries listed above was as follows:

	Capital and Reserves	Profit/(loss)
	£	£
Ableworld (UK) Limited	2,083,543	468,504
Ableworld Franchise Limited	(152,510 )	(1,361,545 )
Mobility Ventures Limited	183,229	26,779
JS & CD Limited	104,867	26,453
Southampton Mobility Limited	135,176	154,551

Southampton Mobility Limited is included in the consolidated financial statements as a subsidiary undertaking. Although the group holds a 45% direct and indirect holding, the directors of Ableworld Holdings (UK) Limited have the power to appoint and remove the majority of the board of directors and therefore exercise dominant influence over Southampton Mobility Limited. On this basis, the directors consider that the group controls the entity and it has been included within the consolidation.

Page 26

Page 27

Ableworld Holdings (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Joint Ventures

Details of the group's joint ventures as at 31 August 2025 are as follows:

Name of undertaking: Mobility (GB) Limited

Registered office: Alpha Building, Stapely Technology Park, London Road, Nantwich, Cheshire, CW5 7JW

Class of shares held: Ordinary C

Direct holding: 33

Indirect holding: 33

11. Stocks

	2025	2024
	£	£
Stock	3,877,602	4,217,500

12. Debtors

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Due within one year
Trade debtors	80,874	133,817	-	-
Prepayments and accrued income	530,386	424,260	-	-
Other debtors	46,656	65,431	-	-
Corporation tax recoverable assets	77,560	973	-	-
VAT	408,809	648,531	-	-
Amounts owed by group undertakings	-	-	1	1
Amounts owed by associates	22,736	28,006	-	-

	1,167,021	1,301,018	1	1

13. Creditors: Amounts Falling Due Within One Year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Trade creditors	3,564,908	3,511,337	-	-
Bank loans and overdrafts	103,683	136,882	-	-
Corporation tax	63,941	108,087	-	-
Other taxes and social security	150,647	136,294	-	-
Other creditors	370,841	316,574	-	-
Pension	27,312	26,470	-	-
Accruals and deferred income	548,637	426,463	-	-
Amounts owed to group undertakings	-	-	1	1

	4,829,969	4,662,107	1	1

Page 27

Page 28

Ableworld Holdings (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

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

	Group
	2025	2024
	£	£
Bank loans	172,983	276,388
Accruals and deferred income	14,451	20,639

	187,434	297,027

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	Group
	2025	2024
	£	£
Bank loans	141,778	144,129

Of the creditors the following amounts are secured.

	Group
	2025	2024
	£	£
Bank loans and overdrafts	179,166	185,770

The bank loan is secured against 42-46 Portsmouth Road, Woolston, Southampton, SO19 9AD.

15. Loans

An analysis of the maturity of loans is given below:

Coronavirus Business Interruption Loan Scheme of £650,000 is payable over 72 months starting April 2021, interest is charged at 3.85% over base.

A property loan of £192,000 repayable over 180 months starting March 2024, interest is charged at 3.88% over base.

	Group
	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	103,683	136,882

	103,683	136,882

	Group
	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	31,205	132,259

	31,205	132,259

	Group
	2025	2024
	£	£
Amounts falling due after more than five years:
Bank loans	141,778	144,129

Page 28

Page 29

Ableworld Holdings (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

16. Provisions for Liabilities

	Deferred Tax
	£
As at 1 September 2024	220,078
Deferred taxation - Origination and reversal of timing differences	(63,871 )

Balance at 31 August 2025	156,207

17. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	900,200	900,200

Share Capital	2025	2024
	£	£
674,750 Ordinary A shares of £1.00 each	674,750	674,750
112,525 Ordinary B shares of £1.00 each	112,525	112,525
112,525 Ordinary C shares of £1.00 each	112,525	112,525
100 Ordinary D shares of £1.00 each	100	100
100 Ordinary E shares of £1.00 each	100	100
100 Ordinary F shares of £1.00 each	100	100
100 Ordinary G shares of £1.00 each	100	100

	900,200	900,200

All classes of shares have full voting rights, dividends as decided upon for that class by the directors from time to time, equal rights to capital distributions and no redemption rights.

18. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	1,261,742	1,307,268
Later than one year and not later than five years	2,849,909	3,399,616
Later than five years	995,125	1,426,599

	5,106,776	6,133,483

19. Pension Commitments

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund.

During the year the charge to profit or loss in respect of defined contribution schemes was £150,120 (2024: £141,023).

At the balance sheet date contributions of £27,311 (2024: £26,470) were due to the fund and are included in creditors.

Page 29

Page 30

Ableworld Holdings (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

20. Related Party Disclosures

During the year, the company leased a property from a pension scheme established for the benefit of a director. Rent of £42,500 (2024: £42,500) was paid in the year. The transaction was undertaken on normal commercial terms. No balances were outstanding at the year end.

21. General Information

Ableworld Holdings (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08930697 . The registered office is Stapeley Technology Park, London Road, Stapeley, Cheshire, CW5 7JW.

Page 30