REGISTERED NUMBER: 02799428 (England and Wales)

Strategic Report,

Report of the Directors and

Audited Financial Statements

for the Year Ended 31 August 2025

for

BALLICOM LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

15

DIRECTORS:

Rajna Dattani

Pankaj Mohanlal Dattani

Basha Modeshia

Rohil Dattani

SECRETARY:

Rajna Dattani

REGISTERED OFFICE:

16 Binley Road

Gosford Green

Coventry

West Midlands

CV3 1HZ

REGISTERED NUMBER:

02799428 (England and Wales)

AUDITORS:

Brindleys Limited

Statutory Auditors

2 Wheeleys Road

Edgbaston

Birmingham

West Midlands

B15 2LD

The directors present their strategic report for the year ended 31 August 2025.

BUSINESS OVERVIEW

The business continued to focus on business customers.

The Company has supported this by working with specialised sales teams within that sector.

PRINCIPAL RISKS AND UNCERTAINTIES

Principle risks and uncertainties are outlined below. These are identified through discussion by high level management with key departments and then communicated to Members of the Board regularly. Management is responsible for considering and executing the appropriate action to mitigate these risks whenever possible.

Credit risk: there is a policy to credit check and to work within established credit limits for that customer. All debts are insured under a credit insurance policy.

Currency risk: the majority of sales and purchases are conducted in GBP so very limited exposure to currency risk

Liquidity risk: management regularly engages in financial planning and analysis to ensure short term financial obligations are monitored and met by efficient use of working capital and with strict credit control collections

SECTION 172(1) STATEMENT

The Directors, both individually and collectively, acting in good faith, have exercised their duties over the course of the year to promote the long term success of the company for the benefit of its members as a whole and in doing have sufficiently considered the matters set out in Section 172(1) (a) to (f) of the Companies Act 2006.

KEY PERFORMANCE INDICATORS

The main Key Performance Indicators were as follows:

Turnover: 2025 = £39,529,976

Gross Profit Margin: 2025 = 9.24%

EBITDA as a % of sales: 2025 = 4.51%

Turnover: 2024 = £38,824,074

Gross Profit Margin: 2024 = 9.06%

EBITDA as a % of sales: 2024 = 5.03%

Turnover: 2023 = £40,315,133

Gross Profit Margin: 2023 = 9.19%

EBITDA as a % of sales: 2023 = 5.13%

ON BEHALF OF THE BOARD:

Pankaj Mohanlal Dattani - Director

12 December 2025

The directors present their report with the financial statements of the company for the year ended 31 August 2025.

DIVIDENDS

Dividends issued during the year = Nil (£450,000 in 2024)

RESEARCH AND DEVELOPMENT

The Company continues to invest in research and development to enhance internal workflows and improve management systems.

FUTURE DEVELOPMENTS

The Company will continue to develop its brand and build upon the good work of management and the sales team to gain a greater share in the markets which it operates in.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 September 2024 to the date of this report.

Rajna Dattani

Pankaj Mohanlal Dattani

Basha Modeshia

Rohil Dattani

FINANCIAL INSTRUMENTS

Various financial instruments are used, these include cash and cash equivalents and other items such as trade debtors and trade creditors that arise directly from operations. The main purpose of the financial instruments is to finance the Company's operations.

The Company's principal exposure to risks associated with the financial instruments are credit, currency and liquidity.

These risks are managed as follows:

Credit risk: All debts are insured under a credit insurance policy

Foreign currency: Most sales are made in GBP and are therefore not heavily exposed to foreign exchange risk

Liquidity: The Company regularly reviews its cash requirements to ensure short term financial obligations are met.

SIGNIFICANT EVENTS DURING THE YEAR

Shareholding Restructure

On 28 March 2025, the Company's shareholding was reorganised and Ballicom Limited became a wholly-owned subsidiary of Ballicom Group Limited (Co Reg No 16337620). The Directors consider this transaction to be a significant event affecting the Company during the financial year.

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, Brindleys Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Pankaj Mohanlal Dattani - Director

12 December 2025

Opinion

We have audited the financial statements of Ballicom Limited (the 'company') for the year ended 31 August 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, 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 31 August 2025 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.

Other matters

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 four, 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.

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.

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

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 have considered the nature of the Company's industry and its control environment, and reviewed the company's documentation of their policies and procedures relating to fraud and compliance with laws and regulations. We also enquired of management about their own identification and assessment of the risks of irregularities.

We obtained an understanding of the legal and regulatory framework that the company operates in, and identified the key laws and regulations that:

(1) Had a direct effect on the determination of material amounts and disclosures in the financial statements. These included UK Companies Act, tax legislation etc; and

(2) Do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty

We discussed among the audit engagement team regarding the opportunities and incentives that may exist within organisation for fraud and how and where fraud might occur in the financial statements.

In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments; assessed whether the judgements made in making the accounting estimates are indicative of a potential bias; and evaluated the business rationale of any significant transactions that are

unusual or outside the normal course of business.

In addition to the above, our procedures to respond to the risks identified included the following:

(1) Reviewing financial statement disclosures by testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

(2) Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

(3) Enquiring of management and in-house legal counsel concerning actual and potential litigation and claims, and instances of non-compliance with laws and regulations; and

(4) Reading minutes of meetings of those charged with governance.

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.

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.

Mr Kulwinder Singh Chawla F.C.C.A. (Senior Statutory Auditor)

for and on behalf of Brindleys Limited

Statutory Auditors

2 Wheeleys Road

Edgbaston

Birmingham

West Midlands

B15 2LD

12 December 2025

TURNOVER

39,529,976

38,824,074

Cost of sales

35,877,267

35,305,034

GROSS PROFIT

3,652,709

3,519,040

Administrative expenses

2,226,110

1,903,950

1,426,599

1,615,090

Other operating income

295,941

257,973

OPERATING PROFIT

4

1,722,540

1,873,063

Interest payable and similar expenses

6

8,436

18,079

PROFIT BEFORE TAXATION

1,714,104

1,854,984

Tax on profit

7

463,492

446,429

PROFIT FOR THE FINANCIAL YEAR

1,250,612

1,408,555

PROFIT FOR THE YEAR

1,250,612

1,408,555

OTHER COMPREHENSIVE INCOME

Freehold property revaluation

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,250,612

1,408,555

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

1,654,802

1,731,403

1,654,802

1,731,403

CURRENT ASSETS

Stocks

11

410,880

1,105,511

Debtors

12

4,834,281

4,098,281

Cash at bank

5,660,380

5,665,157

10,905,541

10,868,949

CREDITORS

Amounts falling due within one year

13

5,103,120

6,367,868

NET CURRENT ASSETS

5,802,421

4,501,081

TOTAL ASSETS LESS CURRENT LIABILITIES

7,457,223

6,232,484

CREDITORS

Amounts falling due after more than one year

14

-

(10,549

)

PROVISIONS FOR LIABILITIES

16

(45,851

)

(61,175

)

NET ASSETS

7,411,372

6,160,760

CAPITAL AND RESERVES

Called up share capital

17

10,100

10,100

Revaluation reserve

18

929,469

929,469

Retained earnings

18

6,471,803

5,221,191

SHAREHOLDERS' FUNDS

7,411,372

6,160,760

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

Pankaj Mohanlal Dattani - Director

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 September 2023

10,100

4,262,636

929,469

5,202,205

Changes in equity

Dividends

-

(450,000

)

-

(450,000

)

Total comprehensive income

-

1,408,555

-

1,408,555

Balance at 31 August 2024

10,100

5,221,191

929,469

6,160,760

Changes in equity

Total comprehensive income

-

1,250,612

-

1,250,612

Balance at 31 August 2025

10,100

6,471,803

929,469

7,411,372

Cash flows from operating activities

Cash generated from operations

1

136,418

3,114,803

Interest paid

(8,436

)

(18,079

)

Tax paid

(466,351

)

(550,903

)

Net cash from operating activities

(338,369

)

2,545,821

Cash flows from investing activities

Purchase of tangible fixed assets

-

(140,657

)

Net cash from investing activities

-

(140,657

)

Cash flows from financing activities

Capital repayments in year

(73,845

)

(84,216

)

Amount introduced by directors

984,392

848,722

Amount withdrawn by directors

(576,955

)

(857,437

)

Equity dividends paid

-

(450,000

)

Net cash from financing activities

333,592

(542,931

)

(Decrease)/increase in cash and cash equivalents

(4,777

)

1,862,233

Cash and cash equivalents at beginning of year

2

5,665,157

3,802,924

Cash and cash equivalents at end of year

2

5,660,380

5,665,157

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

2025

2024

£

£

Profit before taxation

1,714,104

1,854,984

Depreciation charges

76,601

99,679

Finance costs

8,436

18,079

1,799,141

1,972,742

Decrease/(increase) in stocks

694,631

(545,607

)

(Increase)/decrease in trade and other debtors

(1,143,437

)

848,069

(Decrease)/increase in trade and other creditors

(1,213,917

)

839,599

Cash generated from operations

136,418

3,114,803

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 August 2025

31.8.25

1.9.24

£

£

Cash and cash equivalents

5,660,380

5,665,157

Year ended 31 August 2024

31.8.24

1.9.23

£

£

Cash and cash equivalents

5,665,157

3,802,924

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.24

Cash flow

At 31.8.25

£

£

£

Net cash

Cash at bank

5,665,157

(4,777

)

5,660,380

5,665,157

(4,777

)

5,660,380

Debt

Finance leases

(73,845

)

73,845

-

(73,845

)

73,845

-

Total

5,591,312

69,068

5,660,380

1.	STATUTORY INFORMATION

Ballicom Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software was depreciated at 5% straight line and was fully depreciated to a nil balance during the Y.E.31.08.2024.

Tangible fixed assets

Freehold properties are depreciated at 2% reducing balance

Plant and machinery are depreciated at 25% reducing balance

Fixtures and fittings are depreciated at 25% reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

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

2025

2024

£

£

Wages and salaries

818,448

782,699

Social security costs

80,208

72,667

Other pension costs

16,658

15,180

915,314

870,546

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

2025

2024

Sales & Marketing

17

17

Distribution

2

2

Administration and Management

6

7

25

26

2025

2024

£

£

Directors' remuneration

79,550

90,035

Included in the Wages and salaries is the amount of £153,854 Directors pension contribution. (£136,722 in 2024).

Benefits in kind received by the directors during the year amounted to £5,908 (£4,318 in 2024) relating to the provision of motor vehicles.

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

76,601

93,228

Computer software amortisation

-

6,451

5.	AUDITORS' REMUNERATION

2025

2024

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

9,750

9,750

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Other income and interst paya

8,436

18,079

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

456,620

432,341

Under provision of tax

22,196

-

Total current tax

478,816

432,341

Deferred tax

(15,324

)

14,088

Tax on profit

463,492

446,429

Tax effects relating to effects of other comprehensive income

There were no tax effects for the year ended 31 August 2025.

2024

Gross

Tax

Net

£

£

£

Freehold property revaluation

8.

DIVIDENDS

2025

2024

£

£

Ordinary A shares of 1 each

Final

-

450,000

9.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 September 2024

and 31 August 2025

431,143

AMORTISATION

At 1 September 2024

and 31 August 2025

431,143

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

10.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST OR VALUATION

At 1 September 2024

and 31 August 2025

1,500,000

34,837

28,051

339,303

1,902,191

DEPRECIATION

At 1 September 2024

15,000

34,790

26,687

94,311

170,788

Charge for year

15,000

12

341

61,248

76,601

At 31 August 2025

30,000

34,802

27,028

155,559

247,389

NET BOOK VALUE

At 31 August 2025

1,470,000

35

1,023

183,744

1,654,802

At 31 August 2024

1,485,000

47

1,364

244,992

1,731,403

Cost or valuation at 31 August 2025 is represented by:

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

Valuation in 2025

1,500,000

-

-

-

1,500,000

Cost

-

34,837

28,051

339,303

402,191

1,500,000

34,837

28,051

339,303

1,902,191