GGR Communications Group Limited 08461016 false 2024-04-01 2025-03-31 2025-03-31 2025-03-31 The principal activity of the company is 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. Digita Accounts Production Advanced 6.30.9574.0 true true false true true 08461016 2024-04-01 2025-03-31 08461016 2025-03-31 08461016 bus:Consolidated 2025-03-31 08461016 core:CapitalRedemptionReserve 2025-03-31 08461016 core:CapitalRedemptionReserve bus:Consolidated 2025-03-31 08461016 core:RetainedEarningsAccumulatedLosses 2025-03-31 08461016 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2025-03-31 08461016 core:ShareCapital 2025-03-31 08461016 core:ShareCapital bus:Consolidated 2025-03-31 08461016 core:SharePremium bus:Consolidated 2025-03-31 08461016 core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests bus:Consolidated 2025-03-31 08461016 core:CurrentFinancialInstruments bus:Consolidated 2025-03-31 08461016 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 08461016 core:CurrentFinancialInstruments core:WithinOneYear bus:Consolidated 2025-03-31 08461016 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 08461016 core:Non-currentFinancialInstruments core:AfterOneYear bus:Consolidated 2025-03-31 08461016 core:BetweenTwoFiveYears 2025-03-31 08461016 core:WithinOneYear 2025-03-31 08461016 core:FurnitureFittings bus:Consolidated 2025-03-31 08461016 core:LandBuildings core:LongLeaseholdAssets bus:Consolidated 2025-03-31 08461016 core:MotorVehicles bus:Consolidated 2025-03-31 08461016 core:OfficeEquipment bus:Consolidated 2025-03-31 08461016 bus:FRS102 bus:Consolidated 2024-04-01 2025-03-31 08461016 bus:Audited bus:Consolidated 2024-04-01 2025-03-31 08461016 bus:FullAccounts bus:Consolidated 2024-04-01 2025-03-31 08461016 bus:RegisteredOffice bus:Consolidated 2024-04-01 2025-03-31 08461016 bus:Director1 2024-04-01 2025-03-31 08461016 bus:Director1 bus:Consolidated 2024-04-01 2025-03-31 08461016 bus:Director2 2024-04-01 2025-03-31 08461016 bus:Director2 bus:Consolidated 2024-04-01 2025-03-31 08461016 bus:Consolidated 2024-04-01 2025-03-31 08461016 bus:Consolidated 1 2024-04-01 2025-03-31 08461016 bus:Consolidated 1 2024-04-01 2025-03-31 08461016 bus:PrivateLimitedCompanyLtd bus:Consolidated 2024-04-01 2025-03-31 08461016 bus:ConsolidatedGroupCompanyAccounts 2024-04-01 2025-03-31 08461016 bus:Agent1 bus:Consolidated 2024-04-01 2025-03-31 08461016 core:CapitalRedemptionReserve 2024-04-01 2025-03-31 08461016 core:CapitalRedemptionReserve bus:Consolidated 2024-04-01 2025-03-31 08461016 core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 08461016 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2024-04-01 2025-03-31 08461016 core:ShareCapital 2024-04-01 2025-03-31 08461016 core:ShareCapital bus:Consolidated 2024-04-01 2025-03-31 08461016 core:SharePremium bus:Consolidated 2024-04-01 2025-03-31 08461016 core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests bus:Consolidated 2024-04-01 2025-03-31 08461016 core:PlantEquipmentUnderOperatingLeases bus:Consolidated 2024-04-01 2025-03-31 08461016 core:FurnitureFittings bus:Consolidated 2024-04-01 2025-03-31 08461016 core:FurnitureFittingsToolsEquipment bus:Consolidated 2024-04-01 2025-03-31 08461016 core:LandBuildings bus:Consolidated 2024-04-01 2025-03-31 08461016 core:LandBuildings core:LongLeaseholdAssets bus:Consolidated 2024-04-01 2025-03-31 08461016 core:MotorCars bus:Consolidated 2024-04-01 2025-03-31 08461016 core:MotorVehicles bus:Consolidated 2024-04-01 2025-03-31 08461016 core:OfficeEquipment bus:Consolidated 2024-04-01 2025-03-31 08461016 core:AllSubsidiaries 2024-04-01 2025-03-31 08461016 core:ParentEntities 2024-04-01 2025-03-31 08461016 core:Subsidiary1 2024-04-01 2025-03-31 08461016 core:Subsidiary1 1 2024-04-01 2025-03-31 08461016 core:Subsidiary2 2024-04-01 2025-03-31 08461016 core:Subsidiary2 1 2024-04-01 2025-03-31 08461016 core:UKTax bus:Consolidated 2024-04-01 2025-03-31 08461016 countries:AllCountries bus:Consolidated 2024-04-01 2025-03-31 08461016 2024-03-31 08461016 bus:Consolidated 2024-03-31 08461016 core:CapitalRedemptionReserve 2024-03-31 08461016 core:CapitalRedemptionReserve bus:Consolidated 2024-03-31 08461016 core:RetainedEarningsAccumulatedLosses 2024-03-31 08461016 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2024-03-31 08461016 core:ShareCapital 2024-03-31 08461016 core:ShareCapital bus:Consolidated 2024-03-31 08461016 core:SharePremium bus:Consolidated 2024-03-31 08461016 core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests bus:Consolidated 2024-03-31 08461016 core:FurnitureFittings bus:Consolidated 2024-03-31 08461016 core:LandBuildings core:LongLeaseholdAssets bus:Consolidated 2024-03-31 08461016 core:MotorVehicles bus:Consolidated 2024-03-31 08461016 core:OfficeEquipment bus:Consolidated 2024-03-31 08461016 2023-04-01 2024-03-31 08461016 2024-03-31 08461016 bus:Consolidated 2024-03-31 08461016 core:CapitalRedemptionReserve 2024-03-31 08461016 core:CapitalRedemptionReserve bus:Consolidated 2024-03-31 08461016 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2024-03-31 08461016 core:ShareCapital 2024-03-31 08461016 core:ShareCapital bus:Consolidated 2024-03-31 08461016 core:SharePremium bus:Consolidated 2024-03-31 08461016 core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests bus:Consolidated 2024-03-31 08461016 core:CurrentFinancialInstruments bus:Consolidated 2024-03-31 08461016 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08461016 core:CurrentFinancialInstruments core:WithinOneYear bus:Consolidated 2024-03-31 08461016 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 08461016 core:Non-currentFinancialInstruments core:AfterOneYear bus:Consolidated 2024-03-31 08461016 core:BetweenTwoFiveYears 2024-03-31 08461016 core:WithinOneYear 2024-03-31 08461016 core:FurnitureFittings bus:Consolidated 2024-03-31 08461016 core:LandBuildings core:LongLeaseholdAssets bus:Consolidated 2024-03-31 08461016 core:MotorVehicles bus:Consolidated 2024-03-31 08461016 core:OfficeEquipment bus:Consolidated 2024-03-31 08461016 bus:Consolidated 2023-04-01 2024-03-31 08461016 core:CapitalRedemptionReserve bus:Consolidated 2023-04-01 2024-03-31 08461016 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2023-04-01 2024-03-31 08461016 core:ShareCapital bus:Consolidated 2023-04-01 2024-03-31 08461016 core:SharePremium bus:Consolidated 2023-04-01 2024-03-31 08461016 core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests bus:Consolidated 2023-04-01 2024-03-31 08461016 core:PlantEquipmentUnderOperatingLeases bus:Consolidated 2023-04-01 2024-03-31 08461016 core:Subsidiary1 1 2023-04-01 2024-03-31 08461016 core:Subsidiary2 1 2023-04-01 2024-03-31 08461016 core:UKTax bus:Consolidated 2023-04-01 2024-03-31 08461016 2023-03-31 08461016 core:CapitalRedemptionReserve 2023-03-31 08461016 core:CapitalRedemptionReserve bus:Consolidated 2023-03-31 08461016 core:RetainedEarningsAccumulatedLosses 2023-03-31 08461016 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2023-03-31 08461016 core:ShareCapital 2023-03-31 08461016 core:ShareCapital bus:Consolidated 2023-03-31 08461016 core:SharePremium bus:Consolidated 2023-03-31 08461016 core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests bus:Consolidated 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 08461016

GGR Communications Group Limited
Annual Report and Consolidated Financial Statements
for the Year Ended 31 March 2025

GGR Communications Group Limited

Contents

Company Information | 1
Directors' Report | 2
Statement of Directors' Responsibilities | 3
Independent Auditor's Report | 4 to 7
Consolidated Profit and Loss Account | 8
Consolidated Balance Sheet | 9
Balance Sheet | 10
Consolidated Statement of Changes in Equity | 11
Statement of Changes in Equity | 12
Notes to the Financial Statements | 13 to 23

GGR Communications Group Limited

Company Information

Directors | A Clinton-Watkins KH Griffiths

Registered office | De Salis House De Salis Drive Hampton Lovett Droitwich Worcestershire WR9 0QE

Bankers | Barclays Bank UK PLC 79-84 High Street Birmingham B4 7TE

Auditors | Ballards LLP Statutory Auditors, Chartered Accountants Oakmoore Court 11c Kingswood Road Hampton Lovett Droitwich Worcestershire WR9 0QH

GGR Communications Group Limited

Directors' Report for the Year Ended 31 March 2025

The directors present their report and the for the year ended 31 March 2025.

Directors of the group

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

A Clinton-Watkins

KH Griffiths

Profit related bonus

During the year an amount of £191,493 (2024: £165,795) has been taken from the profit to distribute to the employees.

Disclosure of information to the auditor

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditor is unaware.

Reappointment of auditors

In accordance with section 485 of the Companies Act 2006, a resolution for the re-appointment of Ballards LLP as auditors of the company is to be proposed at the forthcoming Annual General Meeting.

Small companies provision statement

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

Approved and authorised by the Board on 5 November 2025 and signed on its behalf by:

......................................... KH Griffiths Director

GGR Communications Group Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual 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 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 group and the company and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

• | select suitable accounting policies and apply them consistently;

• | make judgements and accounting estimates that are reasonable and prudent;

• | state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• | 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 group's and the company's transactions and disclose with reasonable accuracy at any time the financial position of the group and 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 group and the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

GGR Communications Group Limited

Independent Auditor's Report 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 2025, which comprise the Consolidated Profit and Loss Account, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Changes in Equity, 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 the parent company's affairs as at 31 March 2025 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 auditor 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 ability to continue as a going concern for a period of at least twelve months from when the original financial statements were 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 directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

GGR Communications Group Limited

Independent Auditor's Report to the Members of GGR Communications Group Limited

Opinion on other matter 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• | the Directors' Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.

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 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 3], 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 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.

Auditor 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.

GGR Communications Group Limited

Independent Auditor's Report to the Members of GGR Communications Group Limited

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

Identifying and assessing potential risks related to irregularities
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

• | the nature of the industry and sector, control environment and business performance
• | results of our enquiries of management about their own identification and assessment of the risks or irregularities
• | any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to: - identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; - detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; - the internal controls established to mitigate the risks of fraud or non-compliance with laws and regulations
• | the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud
| As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following area: revenue recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, UK Bribery Act as well as pensions legislation and tax legislation. Audit response to risks identified As a result of performing the above, we identified revenue recognition as an audit matter related to the potential risk of fraud.
• | reviewing the revenue recognition policies and ensuring these are in line with industry and accounting standards
• | reviewing revenue transactions to assess if they have been recognised in accordance with the stated policies
• | performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud
• | reading minutes of meetings of those charged with governance
• | in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business

GGR Communications Group Limited

Independent Auditor's Report to the Members of GGR Communications Group Limited

| We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: 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 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.

......................................
Adrian Sidaway BFP ACA (Senior Statutory Auditor)
For and on behalf of Ballards LLP, Statutory Auditor
Oakmoore Court
11c Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

5 November 2025

GGR Communications Group Limited

Consolidated Profit and Loss Account for the Year Ended 31 March 2025

| Note | 2025 £ | 2024 £
Turnover |  | 9,021,078 | 7,318,703
Cost of sales |  | (5,443,346) | (3,843,376)
Gross profit |  | 3,577,732 | 3,475,327
Administrative expenses |  | (2,519,617) | (3,040,850)
Operating profit | 3 | 1,058,115 | 434,477
Other interest receivable and similar income |  | 37,716 | 28,277
Profit before tax |  | 1,095,831 | 462,754
Tax on profit | 6 | (265,280) | 44,796
Profit for the financial year |  | 830,551 | 507,550
Profit/(loss) attributable to: |  |  |
Owners of the company |  | 830,551 | 507,550

The group has no recognised gains or losses for the year other than the results above.

GGR Communications Group Limited

(Registration number: 08461016)
Consolidated Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 7 | 447,827 | 429,181
Current assets |  |  |
Stocks | 9 | 549,633 | 442,303
Debtors | 10 | 1,408,824 | 953,147
Cash at bank and in hand |  | 3,697,003 | 3,679,852
|  | 5,655,460 | 5,075,302
Creditors: Amounts falling due within one year | 12 | (3,006,486) | (2,438,233)
Net current assets |  | 2,648,974 | 2,637,069
Net assets |  | 3,096,801 | 3,066,250
Capital and reserves |  |  |
Called up share capital |  | 1,000 | 1,000
Share premium reserve |  | 2,000 | 2,000
Capital redemption reserve |  | 2,000 | 2,000
Retained earnings |  | 3,091,801 | 3,061,250
Equity attributable to owners of the company |  | 3,096,801 | 3,066,250
Shareholders' funds |  | 3,096,801 | 3,066,250

Approved and authorised by the Board on 5 November 2025 and signed on its behalf by:

......................................... A Clinton-Watkins Director

GGR Communications Group Limited

(Registration number: 08461016)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investments | 8 | 2,002 | 2,002
Creditors: Amounts falling due after more than one year | 12 | (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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
As permitted by s408 Companies Act 2006, the company has not presented its individual statement of profit or loss and related notes.

The company made a profit after tax for the financial year of £800,000 (2024 - profit of £-).

Approved and authorised by the Board on 5 November 2025 and signed on its behalf by:

......................................... A Clinton-Watkins Director

GGR Communications Group Limited

Consolidated Statement of Changes in Equity for the Year Ended 31 March 2025
Equity attributable to the parent company

| Share capital £ | Share premium £ | Capital redemption reserve £ | Retained earnings £ | Total £
At 1 April 2024 | 1,000 | 2,000 | 2,000 | 3,061,250 | 3,066,250
Profit for the year | - | - | - | 830,551 | 830,551
Dividends | - | - | - | (800,000) | (800,000)
At 31 March 2025 | 1,000 | 2,000 | 2,000 | 3,091,801 | 3,096,801

| Share capital £ | Share premium £ | Capital redemption reserve £ | Retained earnings £ | Total £
At 1 April 2023 | 1,000 | 2,000 | 2,000 | 2,553,700 | 2,558,700
Profit for the year | - | - | - | 507,550 | 507,550
At 31 March 2024 | 1,000 | 2,000 | 2,000 | 3,061,250 | 3,066,250

GGR Communications Group Limited

Statement of Changes in Equity for the Year Ended 31 March 2025

| Share capital £ | Capital redemption reserve £ | Retained earnings £ | Total £
At 1 April 2024 | 1,000 | 1,000 | - | 2,000
Profit for the year | - | - | 800,000 | 800,000
Dividends | - | - | (800,000) | (800,000)
At 31 March 2025 | 1,000 | 1,000 | - | 2,000

| Share capital £ | Capital redemption reserve £ | Retained earnings £ | Total £
At 1 April 2023 | 1,000 | 1,000 | - | 2,000
At 31 March 2024 | 1,000 | 1,000 | - | 2,000

GGR Communications Group Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
De Salis House De Salis Drive
Hampton Lovett
Droitwich
Worcestershire
WR9 0QE

These financial statements were authorised for issue by the Board on 5 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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

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' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Basis of consolidation

The consolidated financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 31 March 2025.

A subsidiary is an entity controlled by the company. Control is achieved where the company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.
The results of subsidiaries acquired or disposed of during the year are included in the Profit and Loss Account from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group.
The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.
Inter-company transactions, balances and unrealised gains on transactions between the company and its subsidiaries, which are related parties, are eliminated in full.

GGR Communications Group Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Going concern

The director has prepared the consolidated 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 £3,096,650 at the reporting date, the director considers the going concern basis to be appropriate.

Key sources of estimation uncertainty

Revenue from contracts to provide technical support services is recognised over time using the stage of completion method, based on the proportion of total expected service hours completed at the reporting date. This requires managment to make estimates regarding:
The level of completion at the reporting date.
These estimates are reviewed regulatory and updated as necessery. Changes in these estimates could have a material impact on the amount of revenue recongised in the period. Where the outcome of a contract cannot be realibly estimated, revenue is recongnised only to the extent of recoverable costs incurred.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the group’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the group.
The group recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the group's activities.

Contract revenue recognition

For contracts spanning the period end, the company recongises revenue from the point at which the goods are delivered to the customer based on stage of completion basis. The stage of completion is calculated with reference to the cost incurred to date compared to the total costs expected under the contract. Costs incurred on goods that have not been delivered to the customers site are recorded as work-in-progress.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the group operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

GGR Communications Group Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Long-term leasehold property | Straight line over 125 years
Fixtures, fittings & equipment | Straight line over 3 years
Motor vechicles | Straight line over 3 years

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the group will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

GGR Communications Group Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the group does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the group’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the group has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

GGR Communications Group Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

3 | Operating profit

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 86,665 | 69,159
Foreign exchange gains | (3,587) | (3,645)
Operating lease expense - plant and machinery | 32,551 | 30,667
Profit on disposal of property, plant and equipment | (19,867) | -

4 | Staff costs

The aggregate payroll costs (including directors' remuneration) were as follows:

| 2025 £ | 2024 £
Wages and salaries | 1,621,123 | 2,004,431
Social security costs | 207,908 | 254,981
Pension costs, defined contribution scheme | 26,509 | 26,811
| 1,855,540 | 2,286,223

The average number of persons employed by the company (including directors) during the year, was 26 (2024 - 25).

5 | Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 691,948 | 712,000

The highest paid director received remuneration of £691,948 (2024: £712,000).

GGR Communications Group Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

6 | Taxation

Tax charged/(credited) in the consolidated profit and loss account

| 2025 £ | 2024 £
Current taxation |  |
UK corporation tax | 265,280 | 119,340
UK corporation tax adjustment to prior periods | - | (164,136)
| 265,280 | (44,796)

The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2024 - the same as the standard rate of corporation tax in the UK) of 25% (2024 - 25%).
The differences are reconciled below:

| 2025 £ | 2024 £
Profit before tax | 1,095,831 | 462,754
Corporation tax at standard rate | 273,958 | 115,689
Effect of expense not deductible in determining taxable profit | (8,678) | 3,651
Tax decrease from effect of adjustment in R&D tax credit | - | (164,136)
Total tax charge/(credit) | 265,280 | (44,796)

GGR Communications Group Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

7 | Tangible assets

Group

| Long leasehold land and buildings £ | Fixtures and fittings £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 360,087 | 210,476 | 716,476 | 260,221 | 1,547,260
Additions | - | 3,963 | 41,785 | 59,563 | 105,311
Disposals | - | - | (7,932) | (81,719) | (89,651)
At 31 March 2025 | 360,087 | 214,439 | 750,329 | 238,065 | 1,562,920
Depreciation
At 1 April 2024 | 65,769 | 201,441 | 666,196 | 184,673 | 1,118,079
Charge for the year | 2,881 | 5,726 | 35,959 | 42,099 | 86,665
Eliminated on disposal | - | - | (7,932) | (81,719) | (89,651)
At 31 March 2025 | 68,650 | 207,167 | 694,223 | 145,053 | 1,115,093
Carrying amount
At 31 March 2025 | 291,437 | 7,272 | 56,106 | 93,012 | 447,827
At 31 March 2024 | 294,318 | 9,035 | 50,280 | 75,548 | 429,181

GGR Communications Group Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

8 | Investments

Company

| 2025 £ | 2024 £
Investments in subsidiaries | 2,002 | 2,002

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
GGR Communications Limited | De Salis House, De Salis Drive, Worcestershire, WR9 0QE | Ordinary | 100% | 100%
Cornet Switching Systems Limited | De Salis House, De Salis Drive, Worcestershire, WR9 0QE | Ordinary | 100% | 100%

Subsidiary undertakings
GGR Communications Limited The principal activity of GGR Communications Limited is Sale, supply & maintenance of data communications.
Cornet Switching Systems Limited The principal activity of Cornet Switching Systems Limited is Sale, supply & maintenance of data communications.

GGR Communications Group Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

9 | Stocks

| Group | Company
| 2025 £ | 2024 £ | 2025 £ | 2024 £
Work in progress | 498,842 | 401,651 | - | -
Other inventories | 50,791 | 40,652 | - | -
| 549,633 | 442,303 | - | -

10 | Debtors

| Group | Company
Current | 2025 £ | 2024 £ | 2025 £ | 2024 £
Trade debtors | 1,217,689 | 739,592 | - | -
Other debtors | 191,135 | 213,555 | - | -
| 1,408,824 | 953,147 | - | -

11 | Cash and cash equivalents

| Group | Company
| 2025 £ | 2024 £ | 2025 £ | 2024 £
Cash on hand | 116 | 115 | - | -
Cash at bank | 3,696,887 | 3,679,737 | - | -
| 3,697,003 | 3,679,852 | - | -

GGR Communications Group Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

12 | Creditors

| Group | Company
| 2025 £ | 2024 £ | 2025 £ | 2024 £
Due within one year |  |  |  |
Trade creditors | 309,982 | 367,469 | - | -
Social security and other taxes | 438,274 | 352,226 | - | -
Other payables | 1,895,410 | 1,154,187 | - | -
Accruals | 362,820 | 564,351 | - | -
| 3,006,486 | 2,438,233 | - | -
Due after one year |  |  |  |
Amounts owed to group undertakings | - | - | 2 | 2

13 | Pension and other schemes

Defined contribution pension scheme

The group operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the group to the scheme and amounted to £26,509 (2024 - £26,811).

14 | Obligations under leases and hire purchase contracts

Group

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 61,531 | 52,818
Later than one year and not later than five years | 87,359 | 58,949
| 148,890 | 111,767

The amount of non-cancellable operating lease payments recognised as an expense during the year was £61,531 (2024 - £52,818).

GGR Communications Group Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

15 | Related party transactions

Group

Summary of transactions with directors

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 £800,00 (2024: £Nil)

Summary of transactions with subsidiaries

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 in the group.

16 | Parent and ultimate parent undertaking

The ultimate controlling party is A Clinton-Watkins.

17 | Profit related bonus

During the year an amount of £191,493 (2024: £165,795) has been taken from the profit to distribute to the employees.