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REGISTERED NUMBER: 02929785 (England and Wales)















GGR COMMUNICATIONS LIMITED

Financial Statements for the Year Ended 31 March 2023






GGR COMMUNICATIONS LIMITED (REGISTERED NUMBER: 02929785)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


GGR COMMUNICATIONS LIMITED

Company Information
for the year ended 31 March 2023







Director: A Clinton-Watkins



Secretary: Mrs K H Griffiths



Registered office: De Salis House
De Salis Drive
Hampton Lovett Industrial Estate
Droitwich
Worcestershire
WR9 0QE



Registered number: 02929785 (England and Wales)



Auditors: Cooper Parry Group Limited
CUBO Birmingham
Office 401, 4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX



Bankers: Barclays Bank UK PLC
PO Box 299
Birmingham
B1 3PF

GGR COMMUNICATIONS LIMITED (REGISTERED NUMBER: 02929785)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 5 395,409 391,230

Current assets
Stocks 236,663 267,602
Debtors 6 829,121 970,732
Cash at bank and in hand 1,810,399 2,051,419
2,876,183 3,289,753
Creditors
Amounts falling due within one year 7 1,502,277 1,752,718
Net current assets 1,373,906 1,537,035
Total assets less current liabilities 1,769,315 1,928,265

Creditors
Amounts falling due after more than one
year

8

513,828

557,607
Net assets 1,255,487 1,370,658

Capital and reserves
Called up share capital 10 2,000 2,000
Share premium 2,000 2,000
Capital redemption reserve 1,000 1,000
Retained earnings 1,250,487 1,365,658
Shareholders' funds 1,255,487 1,370,658

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 director and authorised for issue on 20 November 2023 and were signed by:





A Clinton-Watkins - Director


GGR COMMUNICATIONS LIMITED (REGISTERED NUMBER: 02929785)

Notes to the Financial Statements
for the year ended 31 March 2023

1. Statutory information

GGR Communications 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.

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.

3. Accounting policies

Basis of preparing the financial statements
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.

Going concern
The director has prepared the financial statements on a going concern basis for a period of not less than 12 months from the date of signature. The company is trading profitably, and in light of future projections and positive net assets of £1,255,487 at the reporting date, the director considers the going concern basis to be appropriate.

Turnover
The turnover shown in the profit and loss account represents amounts receivable for goods and services provided during the year, exclusive of Value Added Tax.

Income received in advance in respect of contracts for the provision of maintenance and software is deferred and taken to the income statement over the life of the contract.

Tangible fixed assets
Tangible fixed assets are recognised at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold-straight line over 125 years
Fixtures and fittings-straight line over 3 years
Motor vehicles-straight line over 3 years
Computer equipment-straight line over 3 years

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 balance sheet date.


GGR COMMUNICATIONS LIMITED (REGISTERED NUMBER: 02929785)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

3. Accounting policies - continued
Deferred taxation
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.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits 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.

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 income statement in other administrative expenses.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Employees and directors

The average number of employees during the year was 23 (2022 - 26 ) .

GGR COMMUNICATIONS LIMITED (REGISTERED NUMBER: 02929785)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

5. Tangible fixed assets
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£ £ £ £ £
Cost
At 1 April 2022 360,087 215,644 289,078 642,756 1,507,565
Additions - 7,075 5,000 63,029 75,104
Disposals - (15,499 ) (101,735 ) (40,912 ) (158,146 )
At 31 March 2023 360,087 207,220 192,343 664,873 1,424,523
Depreciation
At 1 April 2022 60,007 202,330 260,788 593,210 1,116,335
Charge for year 2,881 11,575 13,180 42,737 70,373
Eliminated on disposal - (15,499 ) (101,738 ) (40,357 ) (157,594 )
At 31 March 2023 62,888 198,406 172,230 595,590 1,029,114
Net book value
At 31 March 2023 297,199 8,814 20,113 69,283 395,409
At 31 March 2022 300,080 13,314 28,290 49,546 391,230


6. Debtors
2023 2022
£ £
Amounts falling due within one year:
Trade debtors 597,527 656,599
Other debtors 231,592 314,131
829,119 970,730

Amounts falling due after more than one year:
Amounts owed by group undertakings 2 2

Aggregate amounts 829,121 970,732

7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 276,653 394,660
Taxation and social security 401,486 171,088
Other creditors 824,138 1,186,970
1,502,277 1,752,718

8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Amounts owed to group undertakings 513,828 557,607

GGR COMMUNICATIONS LIMITED (REGISTERED NUMBER: 02929785)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 50,834 32,243
Between one and five years 27,243 42,486
78,077 74,729

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
2,000 Ordinary £1 2,000 2,000

11. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Hannah Murphy ACA (Senior Statutory Auditor)
for and on behalf of Cooper Parry Group Limited

12. 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 UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. Ultimate controlling party

The ultimate controlling party is A Clinton-Watkins.

14. Ultimate parent company

GGR Communications Group Limited (a company registered in England and Wales) is the company's ultimate parent company.

The results of GGR Communications Limited are included in the consolidated accounts of this company.

15. Profit related bonus

During the year an amount of £152,418 (2022 - £159,403) has been taken from the profit to distribute to the employees.