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REGISTERED NUMBER: 03517870 (England and Wales)

CITRUS TELECOMMUNICATIONS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

CITRUS TELECOMMUNICATIONS LTD (REGISTERED NUMBER: 03517870) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page |

| Company Information | 1 |

| Accountants' Report | 2 |

| Statement of Financial Position | 3 |

| Notes to the Financial Statements | 5 |

| CITRUS TELECOMMUNICATIONS LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 AUGUST 2025

| DIRECTOR: | Mr M D Langley

| REGISTERED OFFICE: | Fryern House

| 125 Winchester Road

| Chandlers Ford

| Hampshire

| SO53 2DR

| REGISTERED NUMBER: | 03517870 (England and Wales)

| ACCOUNTANTS: | Rothmans CF Limited

| Fryern House

| 125 Winchester Road

| Chandlers Ford

| Eastleigh

| Hampshire

| SO53 2DR

| BANKERS: | HSBC Bank plc

| 111 Poole Road

| Bournemouth

| Dorset

| BH4 9BQ

ACCOUNTANTS' REPORT TO THE DIRECTOR

ON THE UNAUDITED FINANCIAL STATEMENTS OF

CITRUS TELECOMMUNICATIONS LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Citrus Telecommunications Ltd for the year ended 31 August 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Citrus Telecommunications Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Citrus Telecommunications Ltd and state those matters that we have agreed to state to the director of Citrus Telecommunications Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Citrus Telecommunications Ltd and its director for our work or for this report.

It is your duty to ensure that Citrus Telecommunications Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Citrus Telecommunications Ltd. You consider that Citrus Telecommunications Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Citrus Telecommunications Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothmans CF Limited

Fryern House

125 Winchester Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2DR

31 March 2026

CITRUS TELECOMMUNICATIONS LTD (REGISTERED NUMBER: 03517870) |

STATEMENT OF FINANCIAL POSITION

31 AUGUST 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Intangible assets | 4 | 164,921 |  | 192,349 |  |

Tangible assets | 5 | 8,107 |  | 11,608 |  |

173,028 |  | 203,957 |  |

CURRENT ASSETS

Debtors | 6 | 396,999 |  | 249,373 |  |

Cash at bank | 199,456 |  | 364,535 |  |

596,455 |  | 613,908 |  |

CREDITORS

Amounts falling due within one year | 7 | 349,423 |  | 335,636 |  |

NET CURRENT ASSETS | 247,032 |  | 278,272 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 420,060 |  | 482,229 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (26,052 | ) | (51,347 | ) |

PROVISIONS FOR LIABILITIES | (17,742 | ) | (21,354 | ) |

NET ASSETS | 376,266 |  | 409,528 |  |

CAPITAL AND RESERVES

Called up share capital | 1,111 |  | 1,111 |  |

Other reserves | 500 |  | 500 |  |

Retained earnings | 374,655 |  | 407,917 |  |

SHAREHOLDERS' FUNDS | 376,266 |  | 409,528 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CITRUS TELECOMMUNICATIONS LTD (REGISTERED NUMBER: 03517870) |

STATEMENT OF FINANCIAL POSITION - continued

31 AUGUST 2025

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 March 2026 and were signed by:

Mr M D Langley - Director

CITRUS TELECOMMUNICATIONS LTD (REGISTERED NUMBER: 03517870) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1. | STATUTORY INFORMATION

| Citrus Telecommunications Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 03517870 and its registered office address is Fryern House, 125 Winchester Road, Chandlers Ford, Hampshire, SO53 2DR.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

| Going concern

| The financial statements have been prepared on the going concern basis.

| Significant judgements and estimates

| The preparation of the financial statements requires the director to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

| The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

| 1) |  | Impairment of assets |

| The director uses their judgement to determine if there are any indicators of impairment. |  |

| 2) |  | Research and development |

| The director uses their judgment to determine when the research phase ends and the development phase |  | begins. |

| 3) |  | Intangibles and goodwill |

| On acquisition, the director uses their judgement to determine the fair value of any intangibles to recognise |  | separately from goodwill. This is based on their knowledge and experience of the sector. |

| Other key sources of estimation uncertainty;

| 1) |  | Intangible fixed assets |

| The director estimates the useful life and residual value of intangible assets based on market information |  | and their knowledge of the business, the remaining life of the asset and projected disposal value. |

| 2) |  | Useful life of goodwill |

| A reliable estimate is made of the useful life of goodwill arising on acquisitions. The estimate is based on |  | the director's knowledge of the underlying trade and sector. |

| Turnover

| Turnover represents services provided to telecommunication customers for processing of voice traffic and switch facilities management. Revenue is recognised in the month the voice traffic and switch facilities are provided. All turnover is stated net of value added tax.

| Intangible fixed assets

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

| IT development costs represent the capital expenditure on the development of the company's projects once the research phase has ended. These are being amortised evenly over their estimated useful life of 10 years.

| Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its useful life of ten years.

CITRUS TELECOMMUNICATIONS LTD (REGISTERED NUMBER: 03517870) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| All tangible fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation.

| The cost of fixed assets initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended by management.

| Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

| Fixtures, fittings and computer equipment |  | 25% to 50% reducing balance |  |

| The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

| Fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the Statement of Income and Retained Earnings.

| Taxation

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

| 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.

| 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.

| Research and development

| Expenditure on research is written off in the year in which it is incurred. Expenditure on development of software is capitalised once the following has been demonstrated:

| - |  | The technical feasibility of completing the intangible asset so that it will be available for use or sale; |  |

| - |  | The intention to complete the intangible asset and use or sell it; |  |

| - |  | The ability to use or sell the intangible asset; |  |

| - |  | How the intangible asset will generate probable future economic benefits; |  |

| - |  | The availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; and |  |

| - |  | The ability to measure reliably the expenditure attributable to the intangible asset during its development. |  |

| Foreign currencies

| Foreign currency transactions are translated into sterling at the rates ruling when they occurred. Foreign currency monetary assets and liabilities are translated at the rates ruling at the balance sheet date. Any differences are taken to the Statement of Income and Retained Earnings.

| Leased assets

| Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight-line basis over the term of the lease.

CITRUS TELECOMMUNICATIONS LTD (REGISTERED NUMBER: 03517870) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

2. | ACCOUNTING POLICIES - continued

| Pension costs and other post-retirement benefits

| Contributions to the company's defined contribution pension scheme are charged to the Statement of Income and Retained Earnings in the year in which they become payable. The assets of the scheme are held separately from those of the company in an independently administered fund.

| Financial instruments

| The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently measured at amortised cost.

| Dividends

| Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 9 (2024 - 9 ) .

4. | INTANGIBLE FIXED ASSETS

IT |

development |

Goodwill | costs | Totals |

| £ | £ | £

| COST

| At 1 September 2024

| and 31 August 2025 | 78,357 |  | 195,928 |  | 274,285 |  |

| AMORTISATION

| At 1 September 2024 | 7,836 |  | 74,100 |  | 81,936 |  |

| Amortisation for year | 7,836 |  | 19,592 |  | 27,428 |  |

| At 31 August 2025 | 15,672 |  | 93,692 |  | 109,364 |  |

| NET BOOK VALUE

| At 31 August 2025 | 62,685 |  | 102,236 |  | 164,921 |  |

| At 31 August 2024 | 70,521 |  | 121,828 |  | 192,349 |  |

CITRUS TELECOMMUNICATIONS LTD (REGISTERED NUMBER: 03517870) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

5. | TANGIBLE FIXED ASSETS

Fixtures, |

fittings |

and |

computer |

equipment |

| £

| COST

| At 1 September 2024 | 25,312 |  |

| Additions | 3,462 |  |

| At 31 August 2025 | 28,774 |  |

| DEPRECIATION

| At 1 September 2024 | 13,704 |  |

| Charge for year | 6,963 |  |

| At 31 August 2025 | 20,667 |  |

| NET BOOK VALUE

| At 31 August 2025 | 8,107 |  |

| At 31 August 2024 | 11,608 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Trade debtors | 262,610 |  | 172,715 |  |

| Corporation tax | 2,641 |  | - |  |

| Prepayments and accrued income | 131,748 |  | 76,658 |  |

396,999 |  | 249,373 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Bank loans and overdrafts | 8,777 |  | 10,289 |  |

| Other loans | 16,519 |  | 16,519 |  |

| Trade creditors | 244,375 |  | 200,588 |  |

| Social security and other taxes | 9,442 |  | 42,802 |  |

| VAT | 11,029 |  | 8,575 |  |

| Other creditors | 1,896 |  | 1,730 |  |

| Directors' current accounts | 6,638 |  | 4,500 |  |

| Accruals and deferred income | 50,747 |  | 50,633 |  |

349,423 |  | 335,636 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

| £ | £

| Bank loans - 1-2 years | - |  | 8,776 |  |

| Other loans - 1-2 years | 16,519 |  | 16,519 |  |

| Other loans - 2-5 years | 9,533 |  | 26,052 |  |

26,052 |  | 51,347 |  |

CITRUS TELECOMMUNICATIONS LTD (REGISTERED NUMBER: 03517870) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

| £ | £

| Within one year | 12,775 |  | 14,472 |  |

| Between one and five years | 432 |  | 5,726 |  |

13,207 |  | 20,198 |  |