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REGISTERED NUMBER: 01741966 (England and Wales)















Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 30 September 2024

for

Ninehundred Communications Group Limited

Ninehundred Communications Group Limited (Registered number: 01741966)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Income Statement 10

Other Comprehensive Income 11

Statement of Financial Position 12

Statement of Changes in Equity 13

Statement of Cash Flows 14

Notes to the Statement of Cash Flows 15

Notes to the Financial Statements 16


Ninehundred Communications Group Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: Mrs G Braithwaite
Mr R Rees
Miss V Bellas
Mrs L Bellas-Crookes
Mr A Bellas
Mr K McEwen





SECRETARY: Mrs G Braithwaite





REGISTERED OFFICE: White Rose Way
Doncaster Carr
Doncaster
South Yorkshire
DN4 5JH





REGISTERED NUMBER: 01741966 (England and Wales)





AUDITORS: French Ludlam & Co Limited
Statutory Auditors and Accountants
Mountfield House
661 High Street
Kingswinford
West Midlands
DY6 8AL

Ninehundred Communications Group Limited (Registered number: 01741966)

Strategic Report
for the year ended 30 September 2024

The directors present their strategic report for the year ended 30 September 2024.

REVIEW OF BUSINESS
The Directors are delighted, yet again, with the results for the year with increases in key areas as per the below:


Key Performance Indicators are as follows:


2024 2023


Turnover +4.91% £11.7M £11.1M

Gross Profit +8.89% £6.07M £5.57M

Gross Profit % 51.89% 50.00%

Net Profit - before tax +22.39% £1.41M £1.15M

Number of employees at year end 94 92


The board has been trying for a number of years to find a suitable MD to take over from the incumbent MD, Robert Rees who has been at the helm for a number of decades & has moved up to Chairman, in March 2024 the company was fortunate to secure the services of Kevin McEwen who comes with a wealth of experience in the IT sector & running successful companies.

This has allowed the company to start an IT division to join the other seven divisions, Two Way Radio, Rail, Security, Eco friendly, Site Solutions, Telematics, Voice & Data and has invested in the talent to be able to deliver unique robust IT solutions. This has raised the overheads quite considerably in the year, but the new division has been quick to contribute to the bottom line & is growing rapidly.

The company is focusing on marketing activities to raise the bar to meet the increased forecast going into 2025 along with its usual strategy of striving to improve its existing product portfolio and always looking to bring on new products to help serve our existing and potential new customer base.

The company retains a great spread of customers, cash reserves remain very healthy throughout the year, the debtor book is strong with little bad debt.

PRINCIPAL RISKS AND UNCERTAINTIES
To mitigate risk, due diligence is performed on new customers and customers credit limits are monitored regularly.

ENVIRONMENT
The company continually seeks to minimise the environmental impact of its operations by complying with all relevant legislation and being aware of its environmental responsibilities.


Ninehundred Communications Group Limited (Registered number: 01741966)

Strategic Report
for the year ended 30 September 2024

HEALTH AND SAFETY
The company is committed to providing a safe environment for its employees and customers.

EMPLOYEES
The directors recognise the importance of investing in the training and development of employees. Retention of key staff is also an important factor in the ongoing success of the company.

The company has met its legal obligations in the year and the company has successfully renewed all of the ever-growing number of industry accreditations necessary in today's marketplaces.

The company heads off into 2025 with more resources to deal with even busier times always fully aware of the world's current problems and the affects they may have on future business /supply difficulties.

ON BEHALF OF THE BOARD:





Mr R Rees - Director


25 March 2025

Ninehundred Communications Group Limited (Registered number: 01741966)

Report of the Directors
for the year ended 30 September 2024

The directors present their report with the financial statements of the company for the year ended 30 September 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the sale and hire of telecommunications, tracking and CCTV equipment.

DIVIDENDS
Interim dividends were declared per the below:

Ordinary
31/3/24 - £109,992
30/9/24 - £109,992

Ordinary B
31/3/24 - £71,500
30/9/24 - £71,500
30/9/24 - £51,434

Ordinary C
30/4/24 - £50,000

Ordinary D
24/1/24 - £20,825

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

Mrs G Braithwaite
Mr R Rees
Miss V Bellas
Mrs L Bellas-Crookes
Mr A Bellas

Other changes in directors holding office are as follows:

Mr K McEwen - appointed 6 May 2024


Ninehundred Communications Group Limited (Registered number: 01741966)

Report of the Directors
for the year ended 30 September 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors 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 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 of the profit or loss of the company for that period. In preparing these financial statements, the directors are 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 directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company 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 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 directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, French Ludlam & Co Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr R Rees - Director


25 March 2025

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

Opinion
We have audited the financial statements of Ninehundred Communications Group Limited (the 'company') for the year ended 30 September 2024 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, 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 company's affairs as at 30 September 2024 and of its 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 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 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 directors with respect to going concern are described in the relevant sections of this report.

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


Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, 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 Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

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

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, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and 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 Statement of Directors' Responsibilities set out on page five, 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 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 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 company or to cease operations, or have no realistic alternative but to do so.

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


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.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

- Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern.

- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation (ie. gives a true and fair view).

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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
Ninehundred 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.




John Richard Fullman FCCA (Senior Statutory Auditor)
for and on behalf of French Ludlam & Co Limited
Statutory Auditors and Accountants
Mountfield House
661 High Street
Kingswinford
West Midlands
DY6 8AL

25 March 2025

Ninehundred Communications Group Limited (Registered number: 01741966)

Income Statement
for the year ended 30 September 2024

2024 2023
Notes £    £   

REVENUE 11,701,654 11,153,396

Cost of sales 5,629,080 5,576,742
GROSS PROFIT 6,072,574 5,576,654

Administrative expenses 4,773,960 4,518,077
OPERATING PROFIT 5 1,298,614 1,058,577

Interest receivable and similar
income

113,520

95,217
PROFIT BEFORE TAXATION 1,412,134 1,153,794

Tax on profit 6 290,492 507,715
PROFIT FOR THE FINANCIAL YEAR 1,121,642 646,079

Ninehundred Communications Group Limited (Registered number: 01741966)

Other Comprehensive Income
for the year ended 30 September 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 1,121,642 646,079


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,121,642

646,079

Ninehundred Communications Group Limited (Registered number: 01741966)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 8 2,535,240 1,961,098
Investments 9 32,580 32,580
2,567,820 1,993,678

CURRENT ASSETS
Inventories 10 516,773 443,219
Debtors 11 2,635,637 1,823,347
Cash at bank and in hand 2,524,430 2,733,000
5,676,840 4,999,566
CREDITORS
Amounts falling due within one year 12 2,454,174 1,943,065
NET CURRENT ASSETS 3,222,666 3,056,501
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,790,486

5,050,179

PROVISIONS FOR LIABILITIES 14 476,517 372,609
NET ASSETS 5,313,969 4,677,570

CAPITAL AND RESERVES
Called up share capital 15 22,002 22,002
Share premium 16 81,554 81,554
Retained earnings 16 5,210,413 4,574,014
SHAREHOLDERS' FUNDS 5,313,969 4,677,570

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:




Mrs G Braithwaite - Director



Mr R Rees - Director


Ninehundred Communications Group Limited (Registered number: 01741966)

Statement of Changes in Equity
for the year ended 30 September 2024

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1 October 2022 22,002 4,399,007 81,554 4,502,563

Changes in equity
Dividends - (471,072 ) - (471,072 )
Total comprehensive income - 646,079 - 646,079
Balance at 30 September 2023 22,002 4,574,014 81,554 4,677,570

Changes in equity
Dividends - (485,243 ) - (485,243 )
Total comprehensive income - 1,121,642 - 1,121,642
Balance at 30 September 2024 22,002 5,210,413 81,554 5,313,969

Ninehundred Communications Group Limited (Registered number: 01741966)

Statement of Cash Flows
for the year ended 30 September 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,632,833 1,751,234
Tax paid (230,517 ) (516,200 )
Net cash from operating activities 1,402,316 1,235,034

Cash flows from investing activities
Purchase of tangible fixed assets (1,462,831 ) (1,140,562 )
Sale of tangible fixed assets 253,935 239,659
Interest received 113,520 95,217
Net cash from investing activities (1,095,376 ) (805,686 )

Cash flows from financing activities
Amount introduced by directors 414,419 423,073
Amount withdrawn by directors (444,686 ) (358,759 )
Equity dividends paid (485,243 ) (471,072 )
Net cash from financing activities (515,510 ) (406,758 )

(Decrease)/increase in cash and cash equivalents (208,570 ) 22,590
Cash and cash equivalents at
beginning of year

2

2,733,000

2,710,410

Cash and cash equivalents at end
of year

2

2,524,430

2,733,000

Ninehundred Communications Group Limited (Registered number: 01741966)

Notes to the Statement of Cash Flows
for the year ended 30 September 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2024 2023
£    £   
Profit before taxation 1,412,134 1,153,794
Depreciation charges 634,754 580,974
Loss on disposal of fixed assets - 700
Finance income (113,520 ) (95,217 )
1,933,368 1,640,251
Increase in inventories (73,554 ) (49,330 )
Increase in trade and other debtors (636,580 ) (2,747 )
Increase in trade and other creditors 409,599 163,060
Cash generated from operations 1,632,833 1,751,234

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 30 September 2024
30.9.24 1.10.23
£    £   
Cash and cash equivalents 2,524,430 2,733,000
Year ended 30 September 2023
30.9.23 1.10.22
£    £   
Cash and cash equivalents 2,733,000 2,710,410


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.10.23 Cash flow At 30.9.24
£    £    £   
Net cash
Cash at bank and in hand 2,733,000 (208,570 ) 2,524,430
2,733,000 (208,570 ) 2,524,430
Total 2,733,000 (208,570 ) 2,524,430

Ninehundred Communications Group Limited (Registered number: 01741966)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Ninehundred 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 Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Due to the growth of the company, they are now required to report under FRS102. Previously this was FRS102 1A.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

This includes the sale and hire of telecommunications, tracking and CCTV equipment as well as fees for items of which are lost/stolen whilst on hire.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost and at varying rates on cost

Stocks
Inventories 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 statement of financial position date.


Ninehundred Communications Group Limited (Registered number: 01741966)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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 and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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.

3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 3,775,615 3,457,234
Social security costs 25,478 34,887
Other pension costs 82,584 363,525
3,883,677 3,855,646

Ninehundred Communications Group Limited (Registered number: 01741966)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

3. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
2024 2023

Directors, Admin & HR 7 6
CCTV 12 11
Cellular 1 1
Finance 7 7
Service/ Operations 24 26
Sales 23 23
Stores 3 2
Site solutions 9 10
Marketing 6 6
IT Solutions 2 -
94 92

4. DIRECTORS' EMOLUMENTS
2024 2023
£    £   
Directors' remuneration 190,789 270,889

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 3 2

5. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Hire of plant and machinery 38,743 45,039
Other operating leases 117,108 135,087
Depreciation - owned assets 634,754 580,974
Loss on disposal of fixed assets - 700
Auditors' remuneration 10,500 10,500

Ninehundred Communications Group Limited (Registered number: 01741966)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 362,294 230,517
Prior year tax adjustment (175,710 ) 222,734
Total current tax 186,584 453,251

Deferred tax 103,908 54,464
Tax on profit 290,492 507,715

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 1,412,134 1,153,794
Profit multiplied by the standard rate of corporation tax in the
UK of 25% (2023 - 19%)

353,034

219,221

Effects of:
Expenses not deductible for tax purposes 701 396
Income not taxable for tax purposes (5,198 ) -
Capital allowances in excess of depreciation - (20,608 )
Depreciation in excess of capital allowances 13,757 -
Adjustments to tax charge in respect of previous periods (175,710 ) 222,734
Deferred tax 103,908 54,464
Change in rate of Corporation Tax - 31,508
Total tax charge 290,492 507,715

7. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim 485,243 471,072

Ninehundred Communications Group Limited (Registered number: 01741966)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

8. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Hire and Motor
property Fleet fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 - 4,962,731 449,143 111,211 5,523,085
Additions 629,172 818,764 14,895 - 1,462,831
Disposals - (473,759 ) - - (473,759 )
At 30 September 2024 629,172 5,307,736 464,038 111,211 6,512,157
DEPRECIATION
At 1 October 2023 - 3,223,297 310,339 28,351 3,561,987
Charge for year - 598,988 24,645 11,121 634,754
Eliminated on disposal - (219,824 ) - - (219,824 )
At 30 September 2024 - 3,602,461 334,984 39,472 3,976,917
NET BOOK VALUE
At 30 September 2024 629,172 1,705,275 129,054 71,739 2,535,240
At 30 September 2023 - 1,739,434 138,804 82,860 1,961,098

9. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 October 2023
and 30 September 2024 32,580
NET BOOK VALUE
At 30 September 2024 32,580
At 30 September 2023 32,580

10. INVENTORIES
2024 2023
£    £   
Finished goods 516,773 443,219

Ninehundred Communications Group Limited (Registered number: 01741966)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,393,730 1,765,352
Other debtors 100 100
Tax 175,710 -
Prepayments and accrued income 66,097 57,895
2,635,637 1,823,347

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 880,319 668,215
Tax 362,294 230,517
Social security and other taxes 99,506 80,068
VAT 361,077 271,931
Wages control (1,099 ) (235 )
Directors' current accounts 119,576 149,843
Accruals and deferred income 632,501 542,726
2,454,174 1,943,065

13. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 339,378 288,975
Between one and five years 593,082 614,368
In more than five years 120,000 210,000
1,052,460 1,113,343

14. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 476,517 372,609

Deferred
tax
£   
Balance at 1 October 2023 372,609
Charge to Income Statement during year 103,908
Balance at 30 September 2024 476,517

Ninehundred Communications Group Limited (Registered number: 01741966)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

15. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
14,000 Ordinary £1 14,000 14,000
8,002 B, C and D Shares £1 8,002 8,002
22,002 22,002

The Ordinary, Ordinary B, Ordinary C and Ordinary D shares have full voting rights. These all have the same rights to dividends and capital and on a winding up.

16. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 October 2023 4,574,014 81,554 4,655,568
Profit for the year 1,121,642 1,121,642
Dividends (485,243 ) (485,243 )
At 30 September 2024 5,210,413 81,554 5,291,967

17. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements - 600,000

As at 31 December 2023 the company had contracted to purchase freehold property amounting to £600,000.