REGISTERED NUMBER: 06166885 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

80:20 Communications Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M V Cornelius

Mrs C L Cornelius

SECRETARY:

Mrs C L Cornelius

REGISTERED OFFICE:

20 Bedford Road

Guildford

GU1 4SJ

REGISTERED NUMBER:

06166885 (England and Wales)

ACCOUNTANTS:

Lane Monnington Welton

Chartered Accountants

Riverside View

Basing Road

Old Basing

Basingstoke

Hampshire

RG24 7AL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

30,029

21,560

30,029

21,560

CURRENT ASSETS

Debtors

6

271,669

214,379

Cash at bank and in hand

236,904

292,465

508,573

506,844

CREDITORS

Amounts falling due within one year

7

201,642

180,863

NET CURRENT ASSETS

306,931

325,981

TOTAL ASSETS LESS CURRENT LIABILITIES

336,960

347,541

PROVISIONS FOR LIABILITIES

9

7,234

5,358

NET ASSETS

329,726

342,183

CAPITAL AND RESERVES

Called up share capital

10

4

4

Retained earnings

329,722

342,179

SHAREHOLDERS' FUNDS

329,726

342,183

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 15 July 2026 and were signed on its behalf by:

Mr M V Cornelius - Director

1.	STATUTORY INFORMATION

80:20 Communications 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" including the provisions of Section 1A "Small Entities" 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold Improvements

-

20% on cost

Office equipment

-

25% on reducing balance

Financial instruments

Debtors and creditors payable/receivable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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 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, adjusted for indexation where applicable.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment

Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

Share based payments

The company operates an Enterprise Management Incentive Scheme ('EMI Scheme').

FRS102 requires the company to determine the fair value of the options granted each year, and to make a charge to the profit and loss account based on the fair value determined. No charge has been made to the companies profit and loss account as it is not deemed material to these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2025 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

25,000

AMORTISATION

At 1 April 2025

and 31 March 2026

25,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Leasehold

Office

Improvements

equipment

Totals

£

£

£

COST

At 1 April 2025

-

91,913

91,913

Additions

3,910

12,300

16,210

At 31 March 2026

3,910

104,213

108,123

DEPRECIATION

At 1 April 2025

-

70,353

70,353

Charge for year

708

7,033

7,741

At 31 March 2026

708

77,386

78,094

NET BOOK VALUE

At 31 March 2026

3,202

26,827

30,029

At 31 March 2025

-

21,560

21,560

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

212,392

156,941

Other debtors

59,277

57,438

271,669

214,379

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

21,751

8,220

Taxation and social security

74,168

85,601

Other creditors

105,723

87,042

201,642

180,863

8.	LEASING AGREEMENTS

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

31.3.26

31.3.25

£

£

Within one year

47,921

42,108

Between one and five years

84,111

108,779

132,032

150,887

9.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

7,234

5,358

Deferred

tax

£

Balance at 1 April 2025

5,358

Accelerated capital allowances

1,876

Balance at 31 March 2026

7,234

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

400

Ordinary

1p

4

4