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REGISTERED NUMBER: 08461016 (England and Wales)















GGR COMMUNICATIONS GROUP LIMITED

Report of the Director and

Consolidated Financial Statements for the Year Ended 31 March 2023






GGR COMMUNICATIONS GROUP LIMITED (REGISTERED NUMBER: 08461016)






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




Page

Company Information 1

Report of the Director 2

Report of the Independent Auditors 3 to 5

Consolidated Income Statement 6

Consolidated Balance Sheet 7

Company Balance Sheet 8

Consolidated Statement of Changes in Equity 9

Company Statement of Changes in Equity 10

Notes to the Consolidated Financial Statements 11 to 16


GGR COMMUNICATIONS GROUP 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: 08461016 (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 GROUP LIMITED (REGISTERED NUMBER: 08461016)

Report of the Director
for the year ended 31 March 2023

The director presents his report with the financial statements of the company and the group for the year ended 31 March 2023.

Principal activity
The principal activity of the company during the period was that of a holding company. The principal activity of the group which it heads is the sale, supply and maintenance of data communications equipment, consultancy and associated services.

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

Director
A Clinton-Watkins held office during the whole of the period from 1 April 2022 to the date of this report.

Statement of director's responsibilities
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is 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 these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is 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.

Statement as to disclosure of information to auditors
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

Auditors
The audit business of Haines Watts Birmingham LLP was acquired by Cooper Parry Group Limited on 14 November 2023. Haines Watts Birmingham LLP has resigned as auditor and Cooper Parry Group Limited has been appointed in its place.

The auditors, Cooper Parry Group Limited, are deemed to be re-appointed under section 487(2) of the Companies Act 2006.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board:





Mrs K H Griffiths - Secretary


20 November 2023

Report of the Independent Auditors to the Members of
GGR Communications Group Limited

Opinion
We have audited the financial statements of GGR Communications Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2023 which comprise the Consolidated Income Statement, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity and Notes to the Financial Statements, 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, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2023 and of the group's profit 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group 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 director's 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's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

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

Other information
The director is responsible for the other information. The other information comprises the information in the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

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 Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Director has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
GGR Communications Group Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Director.

We have nothing to report in respect of the following matters where 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 and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Group Strategic Report or in preparing the Report of the Director.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page two, the director is 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 director determines 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 director is responsible for assessing the group's and the 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 director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

Auditors' 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 a Report of the Auditors 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory framework applicable to both the company itself and the industry in which it operates. We identified areas of laws and regulations that could reasonably be expected We obtained an understanding of the legal and regulatory framework applicable to both the company itself and the industry in which it operates. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience and through discussion with the directors and other management. The most significant were identified as the Companies Act 2006, UK GAAP (FRS102) and relevant tax legislation.

We considered the extent of compliance with those laws and regulations as part of our procedures on the related financial statements. Our audit procedures included, but were not limited to:

- making enquires of directors and management as to where they consider there to be a susceptibility to
fraud and whether they have any knowledge or suspicion of fraud;
- obtaining an understanding of the internal controls established to mitigate risks related to fraud or
non-compliance with laws and regulations;
- assessing the design effectiveness of the controls in place to prevent and detect fraud;
- assessing the risk of management override including identifying and testing journal entries;
- challenging the assumptions and judgements made by management in its significant accounting
estimates.

Whilst our audit did not identify any significant matters relating to the detection of irregularities including fraud, and despite the audit being planned and conducted in accordance with ISAs (UK), there remains an unavoidable risk that material misstatements in the financial statements may not be detected owing to inherent limitations of the audit, and that by their very nature, any such instances of fraud or irregularity would likely involve collusion, forgery, intentional misrepresentations, or the override of internal controls.

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

Report of the Independent Auditors to the Members of
GGR Communications Group Limited


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 we are required to state to them in a Report of the Auditors 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.




Hannah Murphy ACA (Senior Statutory Auditor)
for and on behalf of Cooper Parry Group Limited
CUBO Birmingham
Office 401, 4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

23 November 2023

GGR COMMUNICATIONS GROUP LIMITED (REGISTERED NUMBER: 08461016)

Consolidated
Income Statement
for the year ended 31 March 2023

2023 2022
Notes £ £

Turnover 7,199,040 6,093,954

Cost of sales (3,811,556 ) (3,046,293 )
Gross profit 3,387,484 3,047,661

Administrative expenses (2,225,573 ) (2,495,327 )
Operating profit 6 1,161,911 552,334

Interest receivable and similar income 3,198 198
Profit before taxation 1,165,109 552,532

Tax on profit 7 (209,371 ) (26,935 )
Profit for the financial year 955,738 525,597

Profit attributable to:
Owners of the parent 955,738 525,597

GGR COMMUNICATIONS GROUP LIMITED (REGISTERED NUMBER: 08461016)

Consolidated Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 9 395,409 391,233
Investments 10 - -
395,409 391,233

Current assets
Stocks 236,663 267,602
Debtors 11 883,916 1,020,184
Cash at bank and in hand 2,812,383 2,966,532
3,932,962 4,254,318
Creditors
Amounts falling due within one year 12 1,769,671 2,042,589
Net current assets 2,163,291 2,211,729
Total assets less current liabilities 2,558,700 2,602,962

Capital and reserves
Called up share capital 1,000 1,000
Share premium 15 2,000 2,000
Capital redemption reserve 15 2,000 2,000
Retained earnings 15 2,553,700 2,597,962
Shareholders' funds 2,558,700 2,602,962

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 GROUP LIMITED (REGISTERED NUMBER: 08461016)

Company Balance Sheet
31 March 2023

2023 2022
Notes £ £
Fixed assets
Tangible assets 9 - -
Investments 10 2,002 2,002
2,002 2,002
Total assets less current liabilities 2,002 2,002

Creditors
Amounts falling due after more than one
year

13

2

2
Net assets 2,000 2,000

Capital and reserves
Called up share capital 1,000 1,000
Capital redemption reserve 1,000 1,000
Shareholders' funds 2,000 2,000

Company's profit for the financial year 1,000,000 -

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 GROUP LIMITED (REGISTERED NUMBER: 08461016)

Consolidated Statement of Changes in Equity
for the year ended 31 March 2023

Called up Capital
share Retained Share redemption Total
capital earnings premium reserve equity
£ £ £ £ £
Balance at 1 April 2021 1,000 2,072,365 2,000 2,000 2,077,365

Changes in equity
Total comprehensive income - 525,597 - - 525,597
Balance at 31 March 2022 1,000 2,597,962 2,000 2,000 2,602,962

Changes in equity
Dividends - (1,000,000 ) - - (1,000,000 )
Total comprehensive income - 955,738 - - 955,738
Balance at 31 March 2023 1,000 2,553,700 2,000 2,000 2,558,700

GGR COMMUNICATIONS GROUP LIMITED (REGISTERED NUMBER: 08461016)

Company Statement of Changes in Equity
for the year ended 31 March 2023

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£ £ £ £
Balance at 1 April 2021 1,000 - 1,000 2,000

Changes in equity
Balance at 31 March 2022 1,000 - 1,000 2,000

Changes in equity
Dividends - (1,000,000 ) - (1,000,000 )
Total comprehensive income - 1,000,000 - 1,000,000
Balance at 31 March 2023 1,000 - 1,000 2,000

GGR COMMUNICATIONS GROUP LIMITED (REGISTERED NUMBER: 08461016)

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

1. Statutory information

GGR Communications Group 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 General 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 financial statements have been prepared under the historical cost convention.

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 group is trading profitably, and in light of future projections and positive net assets of £2,558,700 at the reporting date, the director considers the going concern basis to be appropriate.

Basis of consolidation
The consolidated financial statements incorporate the financial statements of the company and all group undertakings. These are adjusted, where appropriate, to conform to group accounting policies.

The combination of GGR Communications Group Limited, GGR Communications Limited and Cornet Switching Systems Limited is accounted for under the merger accounting method of consolidation due to the fact that the group was formed as a result of a group reconstruction in which there was no change in ultimate ownership. Under this method of consolidation the results of the entities are combined as if the group had always been in existence.

As a consolidated profit and loss is published, a separate profit and loss account for the parent company is omitted from the group financial statement by virtue of section 408 of the Companies Act 2006.

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
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-10% on cost and straight line over 3 years
Motor vehicles-straight line over 3 years
Computer equipment-straight line over 3 years

All fixed assets are initially recorded at cost less accumulated depreciation and any accumulated impairment losses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


GGR COMMUNICATIONS GROUP LIMITED (REGISTERED NUMBER: 08461016)

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

3. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

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.

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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

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.

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.

4. Employees and directors

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

5. Directors' emoluments
2023 2022
£ £
Director's remuneration 262,689 667,526

GGR COMMUNICATIONS GROUP LIMITED (REGISTERED NUMBER: 08461016)

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

5. Directors' emoluments - continued

Information regarding the highest paid director is as follows:
2023 2022
£ £
Emoluments etc 262,689 667,526

6. Operating profit

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

2023 2022
£ £
Depreciation - owned assets 70,376 80,557
Profit on disposal of fixed assets (21,500 ) (73,320 )
Auditors' remuneration 16,500 14,550
Foreign exchange differences 1,836 2,377
Pension costs 24,781 23,725

7. Taxation

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£ £
Current tax:
UK corporation tax 209,371 95,435
Over provision of tax in prior
year - (68,500 )

Tax on profit 209,371 26,935

UK corporation tax has been charged at 19 % (2022 - 19 %).

The company is in the early stages of making a retrospective claim for Research & Development tax credit in respect of earlier years. The repayments receivable can not yet be quantified therefore they have not been accounted for in this financial year end.

8. Individual income statement

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


GGR COMMUNICATIONS GROUP LIMITED (REGISTERED NUMBER: 08461016)

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

9. Tangible fixed assets

Group
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£ £ £ £ £
Cost
At 1 April 2022 360,087 215,899 289,078 668,726 1,533,790
Additions - 7,075 5,000 63,029 75,104
Disposals - (15,499 ) (101,735 ) (40,912 ) (158,146 )
At 31 March 2023 360,087 207,475 192,343 690,843 1,450,748
Depreciation
At 1 April 2022 60,007 202,584 260,788 619,178 1,142,557
Charge for year 2,881 11,576 13,180 42,739 70,376
Eliminated on disposal - (15,499 ) (101,738 ) (40,357 ) (157,594 )
At 31 March 2023 62,888 198,661 172,230 621,560 1,055,339
Net book value
At 31 March 2023 297,199 8,814 20,113 69,283 395,409
At 31 March 2022 300,080 13,315 28,290 49,548 391,233

10. Fixed asset investments

Company
Shares in
group
undertakings
£
Cost
At 1 April 2022
and 31 March 2023 2,002
Net book value
At 31 March 2023 2,002
At 31 March 2022 2,002

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

GGR Communications Limited
Registered office: De Salis House,De Salis Drive,Worcestershire,WR9 0QE
Nature of business: Sale, supply & maint of data communications
%
Class of shares: holding
Ordinary £1 100.00
2023 2022
£ £
Aggregate capital and reserves 1,255,487 1,370,658
Profit for the year 884,829 450,361

GGR COMMUNICATIONS GROUP LIMITED (REGISTERED NUMBER: 08461016)

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

10. Fixed asset investments - continued

Cornet Switching Systems Limited
Registered office: De Salis House,De Salis Drive,Worcestershire,WR9 0QE
Nature of business: Sale, supply & maint of data communications
%
Class of shares: holding
Ordinary £1 100.00
2023 2022
£ £
Aggregate capital and reserves 1,303,216 1,232,305
Profit for the year 70,911 75,237


11. Debtors: amounts falling due within one year

Group
2023 2022
£ £
Trade debtors 597,527 656,599
Other debtors 286,389 363,585
883,916 1,020,184

12. Creditors: amounts falling due within one year

Group
2023 2022
£ £
Trade creditors 276,654 394,661
Corporation tax 209,371 26,935
Social security and other taxes 55,623 58,294
VAT 153,125 135,273
Other creditors 1,432 -
Accruals and deferred income 1,073,466 1,427,426
1,769,671 2,042,589

13. Creditors: amounts falling due after more than one year

Company
2023 2022
£ £
Amounts owed to group undertakings 2 2

14. Leasing agreements

Minimum lease payments fall due as follows:

Group
Non-cancellable
operating leases
2023 2022
£ £
Within one year 50,834 32,243
Between one and five years 27,243 42,486
78,077 74,729

GGR COMMUNICATIONS GROUP LIMITED (REGISTERED NUMBER: 08461016)

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

15. Reserves

Group
Capital
Retained Share redemption
earnings premium reserve Totals
£ £ £ £

At 1 April 2022 2,597,962 2,000 2,000 2,601,962
Profit for the year 955,738 955,738
Dividends (1,000,000 ) (1,000,000 )
At 31 March 2023 2,553,700 2,000 2,000 2,557,700


16. 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.

The company was under the control of the director, A Clinton-Watkins, throughout the current and previous year.

Dividends paid to the director during the year amounted to £1,000,000 (2022 - £NIL)

17. Ultimate controlling party

The ultimate controlling party is A Clinton-Watkins.

18. Profit share related bonus

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