Company registration number 03513467 (England and Wales)
5G COMMUNICATIONS LIMITED
GROUP STRATEGIC REPORT OF DIRECTORS AND AUDITED, CONSOLIDATED, FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
5G COMMUNICATIONS LIMITED
COMPANY INFORMATION
Directors
M G Holland
S M Holland
I Craig
K Lombard
A L Mellet
M P J Roach
Secretary
S M Holland
Company number
03513467
Registered office
Phoenix House
Desborough Park Road
High Wycombe
Buckinghamshire
HP12 3BQ
Auditors
BK Plus Audit Limited
Oakingham House
Frederick Place
High Wycombe
Buckinghamshire
HP11 1JU
5G COMMUNICATIONS LIMITED
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3
Directors' responsibilities statement
4
Independent auditor's report
5 - 7
Group profit and loss account
8
Group statement of comprehensive income
9
Group balance sheet
10
Company balance sheet
11
Group statement of changes in equity
12
Company statement of changes in equity
13
Group statement of cash flows
14
Notes to the financial statements
15 - 33
5G COMMUNICATIONS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 1 -

The directors present the strategic report for the year ended 30 September 2025.

Principal activities

The principal activity of 5G Communications Limited in the year under review was that of the provision of business telecommunications solutions, including on-site and cloud telephone systems and fixed line services.

The principal activities of the wholly owned subsidiary, Portsmouth Communications Limited, continued to be the supply and installation of fibre optic cabling, AV equipment and telecommunications network infrastructure.

The principal activities of the wholly owned subsidiary, Green Telecom Limited is that of the supply of telecommunications s olutions.

The principal activity of Redcare 5G Limited, in which the company holds 95.1% of the share capital, is the supply of telecommunications s olutions.

The principal activity of the wholly owned subsidiary, Avita Communications Limited is that of the supply of telecommunications s olutions.

The principal activity of Infinity System Solutions Limited is that of sale of telecommunications services and equipment.

The principal activity of Trio Telecom Limited is that of the supply of telecommunications s olutions.

The principal activity of Teleconnect Service Limited is that of the supply of telecommunications services and equipment.

Diamond Communications Limited, Pure Technology (UK) Limited and United Network (UNS) Limited are dormant.

Fair review of the business

The results of the group for the year, as set out on page 8, show a profit on ordinary activities before tax of £2,3 45,198 (20 2 4: £2,620,948). The net asset position at the end of the year is £7,9 01,303 (20 2 4: £6,767,792).

The performance of the group during 20 2 5 has produced encouraging results. Whilst high competition in the market has maintained the pressure to reduce prices, the company has been able to increase gross profit margins.

Business environment

The UK telecommunications industry is highly competitive, with many companies offering similar services. Customer service and the ability to offer a complete telecoms solution are extremely important for customer loyalty. The impact of technology has been enormous and it is essential that we keep abreast of advances in this area, not only in relation to the telecoms market offerings, but also internal systems and processes.

Strategy

The group’s success is dependent on increasing the number of new customers whilst retaining existing business in order to grow the customer base. It is important to offer a flexible, high quality telecommunications solution in order to achieve maximum profitability in this highly competitive marketplace.

The group will continue to pro-actively attract new customers and target acquisitions that enhance the group's technical knowledge and product portfolio. We aim to improve efficiency in all areas of our operations to continue to improve the customer experience and reduce costs.

Key performance indicators (KPIs)

The group's directors are of the opinion that turnover and net profit are the key performance indicators of the group.

Principal risks and uncertainties

The management of the business and the execution of the group's strategy are subject to a number of risks, which are detailed below.

5G COMMUNICATIONS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -

Principal risks and uncertainties (continued)

The key business risks and uncertainties affecting the group are considered to relate to competition from other telecommunication companies and employee recruitment and retention. The group manages the competitive risk by pro-actively targeting new customers to mitigate the risk of churn. It also manages its relationship with suppliers to ensure it can remain price competitive in the market whilst maintaining margin. Employee recruitment and retention risk is managed and mitigated through a comprehensive employee charter regime which is reviewed and monitored by the management of the group.

Financial risk management

The group uses various financial instruments including cash, trade debtors and trade creditors to provide working capital to service the company’s operations. The existence of the instruments exposes the company to a number of financial risks, which are set out below. The directors of the group are responsible for setting the risk management policies and monitoring the financial risks.

Price risk

The group is exposed to commodity price risk as a result of its operations. However, given the size of the company's operations, the costs of managing exposure to commodity price risk exceed any potential benefits. The directors will revisit the appropriateness of this policy should the group's operations change in size or nature.

Liquidity risk

The group seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably. The group achieves this by monitoring and forecasting cash flows daily.

Credit risk

The principal credit risk arises from its trade debtors. In order to manage credit risk the group implements a direct debit payment policy. Any non-direct debit paying customers are individually assessed based on third party credit references. Credit limits and debtor ageing is reviewed regularly.

Interest rate risk

The group finances the majority of its operations through retained profits, however finance leases are utilised for the purchase of certain fixed assets. The finance leases have agreed, set interest rates charged for the life of the agreement.

Future developments

We expect there to be continuing trend in the SME market to move away from traditional fixed line telephony to cloud based solutions. This will be quickened by Openreach’s plan to steadily switch of the supply of ISDN and PSTN services. We will continue to focus on selling a telecoms solution to new and existing customers that enhances their business to ensure they value the service we provide. By selling such solutions into our existing customer base we hope to reduce customer churn and maintain existing margins.

Overall in the coming year we aim to strengthen our relationship with our customer base, grow through both acquisitions and targeted marketing and continue to improve internal systems to create greater efficiency.

On behalf of the board

M G Holland
Director
22 June 2026
5G COMMUNICATIONS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -

The directors present their annual report and financial statements for the year ended 30 September 2025.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

M G Holland
S M Holland
I Craig
K Lombard
A L Mellet
M P J Roach
Results

The results for the year are set out on page 8.

Ordinary dividends were paid amounting to £487,927 (2024: £2,315,000). The directors do not recommend payment of a further dividend.

Qualifying third party indemnity provisions

The company has made qualifying third party indemnity provisions for the benefit of its directors during the year. These provisions remain in force at the reporting date.

Auditor

In accordance with the company’s articles, a resolution proposing that BK Plus Audit Limited be reappointed as auditor of the company will be put at a General Meeting.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

On behalf of the board
M G Holland
Director
22 June 2026
5G COMMUNICATIONS LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 4 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

United Kingdom company law requires the directors to prepare financial statements for each financial year. Under that law, the directors have elected to prepare the group and parent company 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 parent 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 then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable U nited K ingdom 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 group and parent 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 parent company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and parent 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 parent company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

5G COMMUNICATIONS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF 5G COMMUNICATIONS LIMITED
- 5 -
Opinion

We have audited the financial statements of 5G Communications Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2025 which comprise the group profit and loss account, the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flow 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 FRS 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 30 September 2025 and of the group 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's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent 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 group's and parent company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the 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.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- T he information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- The strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

5G COMMUNICATIONS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF 5G COMMUNICATIONS LIMITED
- 6 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which 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 directors' r esponsibilities s tatement, 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 group's and parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's 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.

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.

Extent to which the audit was considered capable of detecting irregularities, including fraud

From the preliminary stage of the audit, we ensure our understanding of the entity is up to date. This includes, but is not limited to, current knowledge of their activities, the business and control environments, and their compliance with the applicable legal and regulatory frameworks. This information supports our risk identification and the subsequent design of audit procedures to mitigate those risks; ensuring that the audit evidence obtained is sufficient and appropriate to support our opinion.

In response to the risks identified, specific to this entity, we designed procedures which included, but were not limited to:

- Enquiry of management and those charged with governance around actual and potential litigation and claims;

- Reviewing minutes of meetings of those charged with governance, if available;

- Reviewing financial statements disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale for significant transactions outside the normal course of business.

5G COMMUNICATIONS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF 5G COMMUNICATIONS LIMITED
- 7 -

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations are from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusions. There is always the unavoidable risks that material misstatements in the financial statements may not be detected despite the audit being properly performed in accordance with UK Auditing standards.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://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 parent 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 parent 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 parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

David Hynes (Senior Statutory Auditor)
For and on behalf of BK Plus Audit Limited
22 June 2026
Statutory Auditor
Oakingham House
Frederick Place
High Wycombe
Buckinghamshire
United Kingdom
HP11 1JU
5G COMMUNICATIONS LIMITED
GROUP PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 8 -
2025
2024
Notes
£
£
Turnover
20,867,520
20,851,436
Cost of sales
(8,341,544)
(9,083,517)
Gross profit
12,525,976
11,767,919
Administrative expenses
(10,595,292)
(9,397,174)
Other operating income
552,381
71,541
Operating profit
3
2,483,065
2,442,286
Interest receivable and similar income
7
6,568
43,681
Interest payable and similar expenses
8
(105,784)
(50,969)
Share option (charge)/credit
24
(38,651)
185,950
Profit before taxation
2,345,198
2,620,948
Tax on profit
9
(785,096)
(679,326)
Profit for the financial year
1,560,102
1,941,622
Profit for the financial year is attributable to:
- Owners of the parent company
1,539,846
1,924,295
- Non-controlling interests
20,256
17,327
1,560,102
1,941,622

The profit and loss account has been prepared on the basis that all operations are continuing operations.

5G COMMUNICATIONS LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 9 -
2025
2024
£
£
Profit for the year
1,560,102
1,941,622
Other comprehensive income
Currency translation gain/(loss) taken to retained earnings
22,685
(205,461)
Total comprehensive income for the year
1,582,787
1,736,161
Total comprehensive income for the year is attributable to:
- Owners of the parent company
1,562,531
1,718,834
- Non-controlling interests
20,256
17,327
1,582,787
1,736,161
5G COMMUNICATIONS LIMITED
GROUP BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Goodwill
11
4,750,429
4,043,992
Tangible assets
12
1,838,921
1,683,822
6,589,350
5,727,814
Current assets
Stocks
16
191,996
288,074
Debtors
17
1,945,422
1,885,435
Cash at bank and in hand
4,084,301
2,913,434
6,221,719
5,086,943
Creditors: amounts falling due within one year
18
(4,403,961)
(3,857,176)
Net current assets
1,817,758
1,229,767
Total assets less current liabilities
8,407,108
6,957,581
Creditors: amounts falling due after more than one year
19
(434,617)
(92,286)
Provisions for liabilities
22
(71,188)
(97,503)
Net assets
7,901,303
6,767,792
Capital and reserves
Called up share capital
23
1,549
1,549
Share option reserve
24
331,042
292,391
Profit and loss reserves
7,408,998
6,334,394
Equity attributable to owners of the parent company
7,741,589
6,628,334
Non-controlling interests
159,714
139,458
7,901,303
6,767,792
The financial statements were approved and signed by the directors and authorised for issue on 22 June 2026
M G Holland
Director
5G COMMUNICATIONS LIMITED
COMPANY BALANCE SHEET
AS AT 30 SEPTEMBER 2025
30 September 2025
- 11 -
2025
2024
Notes
£
£
£
£
Fixed assets
Goodwill
11
183,667
-
0
Tangible assets
12
1,313,417
1,209,603
Investments
13
12,530,662
10,028,029
14,027,746
11,237,632
Current assets
Stocks
16
148,338
262,147
Debtors
17
1,266,002
1,113,845
Cash at bank and in hand
2,387,201
960,093
3,801,541
2,336,085
Creditors: amounts falling due within one year
18
(9,247,172)
(7,256,927)
Net current liabilities
(5,445,631)
(4,920,842)
Total assets less current liabilities
8,582,115
6,316,790
Creditors: amounts falling due after more than one year
19
(434,617)
(88,768)
Provisions for liabilities
22
(60,610)
(90,729)
Net assets
8,086,888
6,137,293
Capital and reserves
Called up share capital
23
1,549
1,549
Share option reserve
24
331,042
292,391
Profit and loss reserves
7,754,297
5,843,353
Total equity
8,086,888
6,137,293

As permitted by section 408 of the Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £2,398,870 (2024 - £2,626,372 profit).

The financial statements were approved and signed by the directors and authorised for issue on 22 June 2026
M G Holland
Director
Company Registration No. 03513467
5G COMMUNICATIONS LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 12 -
Share capital
Share option reserve
Profit and loss reserves
Total controlling interest
Non-controlling interest
Total
Notes
£
£
£
£
£
£
Balance at 1 October 2023
1,549
478,341
6,930,560
7,410,450
122,131
7,532,581
Year ended 30 September 2024:
Profit for the year
-
-
1,924,295
1,924,295
17,327
1,941,622
Other comprehensive income:
-
Currency translation differences
-
-
(205,461)
(205,461)
-
(205,461)
Total comprehensive income for the year
-
-
1,718,834
1,718,834
17,327
1,736,161
Dividends
10
-
-
(2,315,000)
(2,315,000)
-
(2,315,000)
Share option credit
-
(185,950)
-
(185,950)
-
(185,950)
Balance at 30 September 2024
1,549
292,391
6,334,394
6,628,334
139,458
6,767,792
Year ended 30 September 2025:
Profit for the year
-
-
1,539,846
1,539,846
20,256
1,560,102
Other comprehensive income:
Currency translation differences
-
-
22,685
22,685
-
22,685
Total comprehensive income for the year
-
-
1,562,531
1,562,531
20,256
1,582,787
Dividends
10
-
-
(487,927)
(487,927)
-
(487,927)
Share option charge
24
-
38,651
-
38,651
-
38,651
Balance at 30 September 2025
1,549
331,042
7,408,998
7,741,589
159,714
7,901,303
5G COMMUNICATIONS LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 13 -
Share capital
Share option reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 October 2023
1,549
478,341
5,518,966
5,998,856
Year ended 30 September 2024:
Profit for the year
-
-
2,626,372
2,626,372
Other comprehensive income:
Currency translation differences
-
-
13,015
13,015
Total comprehensive income for the year
-
-
2,639,387
2,639,387
Dividends
10
-
-
(2,315,000)
(2,315,000)
Share option credit
-
(185,950)
-
(185,950)
Balance at 30 September 2024
1,549
292,391
5,843,353
6,137,293
Year ended 30 September 2025:
Profit and total comprehensive income for the year
-
-
2,398,871
2,398,871
Dividends
10
-
-
(487,927)
(487,927)
Share option charge
24
-
38,651
-
38,651
Balance at 30 September 2025
1,549
331,042
7,754,297
8,086,888
5G COMMUNICATIONS LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 14 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
30
3,811,896
2,961,787
Interest paid
(105,784)
(50,969)
Income taxes paid
(624,385)
(578,683)
Net cash inflow from operating activities
3,081,727
2,332,135
Investing activities
Purchase of subsidiaries
(1,586,021)
-
Purchase of intangible assets
(190,000)
-
Purchase of tangible fixed assets
(665,781)
(617,285)
Proceeds from disposal of tangible fixed assets
86,276
44,322
Interest received
6,568
43,681
Net cash used in investing activities
(2,348,958)
(529,282)
Financing activities
Proceeds from borrowings
885,070
-
Repayment of bank loans
(8,688)
(23,480)
Increase/(decrease) of finance lease obligations
65,890
(67,064)
Dividends paid to equity shareholders
(487,927)
(2,315,000)
Net cash generated from/(used in) financing activities
454,345
(2,405,544)
Net increase/(decrease) in cash and cash equivalents
1,187,114
(602,691)
Cash and cash equivalents at beginning of year
2,913,434
3,684,302
Effect of foreign exchange rates
(16,247)
(168,177)
Cash and cash equivalents at end of year
4,084,301
2,913,434
5G COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 15 -
1
Accounting policies
Company information

5G Communications Limited (“the company”) is a private company limited by shares and incorporated in England and Wales. The registered office is Phoenix House, Desborough Park Road, High Wycombe, Buckinghamshire, HP12 3BQ.

The group consists of 5G Communications Limited and all of its subsidiaries.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Basis of consolidation

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

The consolidated financial statements incorporate those of 5G Communications Limited and all of its subsidiaries. Subsidiaries acquired during the year are consolidated using the purchase method. Their results are incorporated from the date that control passes.

All financial statements are made up to 30 September 2025.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

1.3
Going concern

The financial statements have been prepared on a going concern basis. The d irector s ha ve reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the d irector s ha ve concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

5G COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 16 -
1.5
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a systematic basis over its expected life of 1 0 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
2% on cost
Plant and equipment
25% on cost
Fixtures and fittings
25% on cost
Computers
25% on cost
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.7
Fixed asset investments

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.8
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

5G COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 17 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.9
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.10
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

5G COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 18 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Other financial liabilities are initially measured at fair value, net of transaction costs. They are subsequently measured at amortised cost using the effective interest method, with interest expense recognised on an effective yield basis.

The effective interest method is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the financial liability to the net carrying amount on initial recognition.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.12
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

5G COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 19 -
1.13
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.14
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.15
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.16
Share-based payments

Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted using the Black-Scholes model. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.

When the terms and conditions of equity-settled share-based payments at the time they were granted are subsequently modified, the fair value of the share-based payment under the original terms and conditions and under the modified terms and conditions are both determined at the date of the modification. Any excess of the modified fair value over the original fair value is recognised over the remaining vesting period in addition to the grant date fair value of the original share-based payment. The share-based payment expense is not adjusted if the modified fair value is less than the original fair value.

1.17
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

5G COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 20 -

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

1.18
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Depreciation

Tangible fixed assets are depreciated to write off the cost of the asset, less any residual value, over its useful

life. Estimates of useful lives are based on the nature of the asset and management's experience. The actual

useful lives of assets may vary.

Breach provision and provision for doubtful debts

The company estimates the recoverable amount of trade and other receivables. In assessing potential impairment, management consider factors including the debtor’s credit rating, breach of contract, the age of outstanding balances and past collection experience.

Sales Provision

The sales provision is based on the estimate of billings expected to only take place in the following month. The amount recognised represents management’s best estimate of the provision as at the reporting date.

Impairment of investment in subsidiaries

The review of investments in subsidiaries for impairment reflects management’s best estimate on the future cash flows, with the estimate of its fair value less costs to sell and/or value in use. The assessment is carried out at the year end and there is no evidence of impairment for the amount recognised at 30 September 2025.

5G COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 21 -
3
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging/(crediting):
Depreciation of tangible fixed assets
461,186
356,425
Loss/(profit) on disposal of tangible fixed assets
7,166
(13,747)
Amortisation of intangible assets
715,218
658,655
Operating lease charges
279,372
231,196
4
Employees

The average monthly number of persons (including directors) employed by the group during the year was:

Group
2025
2024
Number
Number
Sales
13
15
Administration
63
63
Engineering
10
21
86
99

Their aggregate remuneration comprised:

Group
2025
2024
£
£
Wages and salaries
5,049,724
4,914,493
Social security costs
617,839
544,268
Pension costs
152,029
148,087
5,819,592
5,606,848
5
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
600,528
654,676

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 6 (2024 - 6).

5G COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
5
Directors' remuneration
(Continued)
- 22 -
Remuneration disclosed above includes the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
200,000
200,000
Company pension contributions to defined contribution schemes
10,000
10,000
6
Auditor's remuneration
2025
2024
£
£
Fees payable to the company's auditor:
For audit services
Audit of the financial statements of the group and company
22,435
26,129
Audit of the financial statements of the company's subsidiaries
28,250
27,800
50,685
53,929
7
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
6,568
43,681
8
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
66,691
14,611
Other finance costs:
Interest on finance leases and hire purchase contracts
25,954
20,742
Other interest
13,139
15,616
Total finance costs
105,784
50,969
5G COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 23 -
9
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
757,222
613,594
Adjustments in respect of prior periods
(3,713)
(29,880)
Total UK current tax
753,509
583,714
Foreign current tax on profits for the current period
57,903
-
0
Total current tax
811,412
583,714
Deferred tax
Origination and reversal of timing differences
(26,316)
95,612
Total tax charge
785,096
679,326

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
2,345,198
2,620,948
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
586,300
655,237
Tax effect of expenses that are not deductible in determining taxable profit
31,257
23,935
Utilisation of tax losses
-
0
(40,293)
Adjustments in respect of prior years
(3,713)
(29,880)
Amortisation on assets not qualifying for tax allowances
177,221
164,664
Share based payment charge/(credit)
9,663
(46,487)
Foreign tax
(57,117)
(104,978)
Other tax adjustments
41,485
57,128
Taxation charge
785,096
679,326
10
Dividends
2025
2024
Recognised as distributions to equity holders:
£
£
Interim paid
487,927
2,315,000
5G COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 24 -
11
Intangible fixed assets
Group
Goodwill
£
Cost
At 1 October 2024
7,167,038
Additions
1,385,902
Exchange adjustments
53,904
At 30 September 2025
8,606,844
Amortisation and impairment
At 1 October 2024
3,123,046
Amortisation charged for the year
715,218
Exchange adjustments
18,151
At 30 September 2025
3,856,415
Carrying amount
At 30 September 2025
4,750,429
At 30 September 2024
4,043,992
Company
Goodwill
£
Cost
At 1 October 2024
-
0
Additions - separately acquired
190,000
At 30 September 2025
190,000
Amortisation and impairment
At 1 October 2024
-
0
Amortisation charged for the year
6,333
At 30 September 2025
6,333
Carrying amount
At 30 September 2025
183,667
At 30 September 2024
-
0
5G COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 25 -
12
Tangible fixed assets
Group
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 October 2024
322,745
1,639,472
371,384
58,961
2,001,685
4,394,247
Additions
-
0
106,548
21,647
1,820
535,766
665,781
Business combinations
-
0
-
0
-
0
7,087
33,680
40,767
Disposals
-
0
-
0
-
0
(5,143)
(244,887)
(250,030)
Exchange adjustments
-
0
396
164
204
6,359
7,123
At 30 September 2025
322,745
1,746,416
393,195
62,929
2,332,603
4,857,888
Depreciation and impairment
At 1 October 2024
20,488
1,458,256
191,014
39,039
1,001,628
2,710,425
Depreciation charged in the year
6,870
78,765
61,340
3,077
311,134
461,186
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
(156,588)
(156,588)
Exchange adjustments
-
0
(39)
228
82
3,673
3,944
At 30 September 2025
27,358
1,536,982
252,582
42,198
1,159,847
3,018,967
Carrying amount
At 30 September 2025
295,387
209,434
140,613
20,731
1,172,756
1,838,921
At 30 September 2024
302,257
181,216
180,370
19,922
1,000,057
1,683,822
5G COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
12
Tangible fixed assets
(Continued)
- 26 -
Company
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 October 2024
1,499,480
370,372
1,763,352
3,633,204
Additions
61,344
21,647
500,669
583,660
Disposals
-
0
-
0
(244,887)
(244,887)
At 30 September 2025
1,560,824
392,019
2,019,134
3,971,977
Depreciation and impairment
At 1 October 2024
1,347,596
190,581
885,424
2,423,601
Depreciation charged in the year
61,899
59,905
269,743
391,547
Eliminated in respect of disposals
-
0
-
0
(156,588)
(156,588)
At 30 September 2025
1,409,495
250,486
998,579
2,658,560
Carrying amount
At 30 September 2025
151,329
141,533
1,020,555
1,313,417
At 30 September 2024
151,884
179,791
877,928
1,209,603

Included within tangible fixed assets are assets held under finance leases or hire purchase contracts, as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Motor vehicles
781,998
519,519
781,998
519,519
13
Fixed asset investments
Group
Company
2025
2024
2025
2024
Note
£
£
£
£
Investments in subsidiaries
14
-
0
-
0
12,530,662
10,028,029
5G COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
13
Fixed asset investments
(Continued)
- 27 -
Movements in fixed asset investments
Company
Shares in group undertakings
£
Cost or valuation
At 1 October 2024
10,028,029
Additions
2,502,633
At 30 September 2025
12,530,662
Carrying amount
At 30 September 2025
12,530,662
At 30 September 2024
10,028,029
14
Subsidiaries

Details of the company's subsidiaries at 30 September 2025 are as follows:

Name of undertaking
Registered
Nature of business
Class of
% Held
office
shares held
Direct
Portsmouth Communications Limited
England and Wales
Supply and installation of fibre optic cabling, AV equipment and telecommunications network infrastructure
Ordinary
100.00
0
Green Telecom Limited
England and Wales
Supply of telecommunications services
Ordinary
100.00
0
Diamond Communications (UK) Limited
England and Wales
Dormant
Ordinary
100.00
0
Pure Technology (UK) Limited
England and Wales
Dormant
Ordinary
100.00
0
United Network (UNS) UK Limited
England and Wales
Dormant
Ordinary
100.00
0
Redcare 5G Limited
England and Wales
Supply of telecommunications services
Ordinary
95.10
0
Avita Communications Limited
Republic of Ireland
Supply of telecommunications services
Ordinary
100.00
0
Infinity System Solutions Limited
England and Wales
Supply of telecommunications services and equipment
Ordinary
100.00
0
Trio Telecom Limited
England and Wales
Supply of telecommunications services
Ordinary
100.00
0
Teleconnect Service Limited
England and Wales
Supply of telecommunications services and equipment
Ordinary
100.00
0

All the above listed subsidiaries have a registered office at Phoenix House, Desborough Park Road, High Wycombe, Buckinghamshire, HP12 3BQ.

5G COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 28 -
15
Acquisitions

On 1 May 2025 the company acquired 100% of the issued capital of Teleconnect Service Limited.

Fair Value
£
Property, plant and equipment
40,767
Inventories
3,760
Trade and other receivables
613,773
Cash and cash equivalents
686,085
Trade and other payables
(27,992)
Tax liabilities
(9,662)
Total identifiable net assets
1,306,731
Goodwill
1,195,902
Total consideration
2,502,633
The consideration was satisfied by:
Cash
2,272,106
Deferred consideration
230,527
2,502,633
Contribution by the acquired business for the reporting period included in the consolidated statement of comprehensive income since acquisition:
£
Turnover
282,143
Profit after tax
30,724
16
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Work in progress
39,898
25,927
-
-
Finished goods and goods for resale
152,098
262,147
148,338
262,147
191,996
288,074
148,338
262,147
5G COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 29 -
17
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
631,534
759,870
197,900
212,853
Other debtors
384,431
399,387
245,812
271,368
Prepayments and accrued income
929,457
726,178
822,290
629,624
1,945,422
1,885,435
1,266,002
1,113,845
18
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans
20
-
0
5,170
-
0
-
0
Obligations under finance leases
21
257,113
197,925
257,113
197,925
Other borrowings
20
545,923
-
0
545,923
-
0
Trade creditors
739,796
864,065
588,480
674,292
Amounts owed to group undertakings
-
0
-
0
6,160,379
4,773,755
Corporation tax payable
717,360
520,672
108,181
25,876
Other taxation and social security
621,389
518,749
430,245
312,727
Other creditors
892,932
823,616
840,562
770,877
Accruals and deferred income
629,448
926,979
316,289
501,475
4,403,961
3,857,176
9,247,172
7,256,927
19
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans
20
-
0
3,518
-
0
-
0
Obligations under finance leases
21
95,470
88,768
95,470
88,768
Other borrowings
20
339,147
-
0
339,147
-
0
434,617
92,286
434,617
88,768
5G COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 30 -
20
Loans and overdrafts
Group
Company
2025
2024
2025
2024
£
£
£
£
Bank loans
-
0
8,688
-
0
-
0
Other loans
885,070
-
0
885,070
-
0
885,070
8,688
885,070
-
Payable within one year
545,923
5,170
545,923
-
0
Payable after one year
339,147
3,518
339,147
-
0
Bank loans in notes 18, 19 and 20 above are secured by way of a charge over the assets of the subsidiary concerned.

21
Finance lease obligations
Group
Company
2025
2024
2025
2024
£
£
£
£
Future minimum lease payments due under finance leases:
Within one year
257,113
197,925
257,113
197,925
In two to five years
95,470
88,768
95,470
88,768
352,583
286,693
352,583
286,693

Finance lease payments represent rentals payable by the group for motor vehicle s and certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments. The finance leases are secured on the assets concerned.

22
Deferred taxation

Deferred tax assets and liabilities are offset where the group or company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:

Liabilities
Liabilities
2025
2024
Group
£
£
Accelerated capital allowances
71,188
97,503
Liabilities
Liabilities
2025
2024
Company
£
£
Accelerated capital allowances
60,610
90,729
5G COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
22
Deferred taxation
(Continued)
- 31 -
Group
Company
2025
2025
Movements in the year:
£
£
Liability at 1 October 2024
97,503
90,729
Credit to profit or loss
(26,315)
(30,119)
Liability at 30 September 2025
71,188
60,610
23
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,489
1,489
1,489
1,489
A Ordinary shares of £1 each
60
60
60
60
1,549
1,549
1,549
1,549
24
Share options

On 5 August 2022, the group entered into an Enterprise Management Incentive Scheme. Three employees have been granted 150 A ordinary share options, over a vesting period of 10 years. The exercise option price is £1 per A ordinary share. The only condition attached to these options is that the three employees remain in employment within the group. There were no movements between the inception of the Scheme and the Balance Sheet date. The options become exercisable as follows:

9 Months after grant date- 180 A ordinary shares

1 year and 9 months after grant date- 30 A ordinary shares

2 years and 9 months after grant date- 30 A ordinary shares

3 years and 9 months after grant date- 30 A ordinary shares

4 years and 9 months after grant date- 30 A ordinary shares

5 years and 9 months after grant date- 30 A ordinary shares

6 years and 9 months after grant date- 30 A ordinary shares

7 years and 9 months after grant date- 30 A ordinary shares

8 years and 9 months after grant date- 30 A ordinary shares

9 years and 9 months after grant date- 30 A ordinary shares

A share option charge of £38,651 (2024: £185,950 credit) has been recognised in the Profit and Loss account.

5G COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 32 -
25
Operating lease commitments
Lessee

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Within one year
252,005
153,000
144,000
144,000
Between two and five years
576,000
612,000
576,000
576,000
In over five years
2,232,000
2,514,750
2,232,000
2,376,000
3,060,005
3,279,750
2,952,000
3,096,000
26
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
152,029
148,087

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

27
Related party transactions

Phoenix House Holdings Limited, John Williams (High Wycombe) Limited, True Energy Brokers Limited, Advisory Plus Limited and IP Voice Limited are companies under the common control of M.G. Holland, a director.

At the year end Phoenix House Holdings Limited owed the company £51,566 (2024: £50,006). This debt relates to an outstanding loan.

The company occupies premises owned by Universal Group Executive Pension Fund for which a rent of £144,000 (2024: £144,000) has been charged and common overheads have been apportioned. The beneficiary of the Pension Fund is a director.

The balance due to John Williams (High Wycombe) Limited as at the end of the year was £451,519 (2024: £453,379).

At the end of the year there was a balance due to True Energy Brokers Limited of £71,986 (2024: £183,834).

At the year end the company owed Advisory Plus Limited £120,736 (2024: £120,736). This debt relates to an outstanding loan. During the year the company charged a management fee of £36,750 (2024: £36,750) to Advisory Plus Limited.

At the year end the company owed Redcare 5G Limited £1,628,425 (2024: £1,135,577). During the year the company invoiced Redcare 5G Limited for direct costs of £708,099 and for telecommunication services provided for £23,560.

All related party balances are unsecured, interest free and repayable on demand.

5G COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 33 -
28
Key management personnel

The key management personnel of the company is considered to be its directors.

29
Controlling party

The ultimate controlling party is M Holland, as director and majority shareholder of 5G Communications Limited.

30
Cash generated from group operations
2025
2024
£
£
Profit for the year after tax
1,560,102
1,941,622
Adjustments for:
Taxation charged
785,096
679,326
Finance costs
105,784
50,969
Investment income
(6,568)
(43,681)
Gain on disposal of tangible fixed assets
7,166
(13,747)
Amortisation and impairment of intangible assets
715,218
658,655
Depreciation and impairment of tangible fixed assets
461,186
356,425
Share option charge/(credit)
38,651
(185,950)
Movements in working capital:
Decrease/(increase) in stocks
99,838
(38,026)
Decrease in debtors
553,786
178,884
(Decrease) in creditors
(508,363)
(622,690)
Cash generated from operations
3,811,896
2,961,787
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