Ablerex Electronics Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 15719970

		31 December 2025		31 December 2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	102,826		85,532
Debtors	5	132,655		68,343
Cash at bank and in hand		108,070		2,603

		343,551		156,478
Creditors: Amounts Falling Due Within One Year	6	(314,535 )		(151,157 )

NET CURRENT ASSETS (LIABILITIES)			29,016		5,321

TOTAL ASSETS LESS CURRENT LIABILITIES			29,016		5,321

NET ASSETS			29,016		5,321

CAPITAL AND RESERVES
Called up share capital	7		10,000		10,000
Profit and Loss Account			19,016		(4,679 )

SHAREHOLDERS' FUNDS			29,016		5,321

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Roberto Sabbadin

Director

11/09/2026

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Ablerex Electronics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15719970 . The registered office is 19 The Circle, Queen Elizabeth Street, London, SE1 2JE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

Page 2

Page 3

Ablerex Electronics Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Stocks

	31 December 2025	31 December 2024
	£	£
Inventory	102,826	85,532

5. Debtors

	31 December 2025	31 December 2024
	£	£
Due within one year
Trade debtors	130,214	60,121
VAT Recoverable	-	7,506
Shareholder loan	716	716
Net wages	1,725	-

	132,655	68,343

6. Creditors: Amounts Falling Due Within One Year

	31 December 2025	31 December 2024
	£	£
Trade creditors	266,831	127,604
Corporation tax	6,672	-
VAT	11,873	-
Accruals and deferred income	-	15,370
Intercompany with Able ITA	29,159	8,183

	314,535	151,157

7. Share Capital

	31 December 2025	31 December 2024
	£	£
Allotted, Called up and fully paid	10,000	10,000

Page 3

Page 4

Ablerex Electronics Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Related Party Transactions

The ultimate parent company is Ablerex Electonics Italy SRL, a company incorporated in Italy.

During the year, The company has taken loan £20,976 (2024: £8,183) from Ablerex Electonics Italy SRL. The company has loan outstanding balance as at 31.12.2025 £29,159 (2024: £8,183) as payable are included in note 6 above.

During the year, The company has given service to Ablerex Electonics Italy SRL £0 (2024: £11,314). The company has customer balance as at 31.12.2025 £30 (2024: £1,329) same included in note 5 above.

During the year, The company has taken service £330,715 (2024: £104,182) from Ablerex Electonics Italy SRL. The company has supplier balance as at 31.12.2025 £219,695 (2024: £104,025) same included in note 6 above.

Page 4