Company registration number 05950981 (England and Wales)
GA TELESIS (UK) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
GA TELESIS (UK) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 8
GA TELESIS (UK) LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
$
$
$
$
Fixed assets
Tangible assets
4
305,482
392,530
Current assets
Debtors
5
6,421,975
5,129,792
Cash at bank and in hand
25,080
30,972
6,447,055
5,160,764
Creditors: amounts falling due within one year
6
(4,006,364)
(4,029,524)
Net current assets
2,440,691
1,131,240
Total assets less current liabilities
2,746,173
1,523,770
Provisions for liabilities
-
0
(12,270)
Net assets
2,746,173
1,511,500
Capital and reserves
Called up share capital
393
393
Profit and loss reserves
2,745,780
1,511,107
Total equity
2,746,173
1,511,500

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 21 July 2026 and are signed on its behalf by:
Mr N Christie
Director
Company registration number 05950981 (England and Wales)
GA TELESIS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

GA Telesis (UK) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor 1 Ashley Road, Altrincham, Cheshire, United Kingdom, WA14 2DT.

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 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in USD, 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
Going concern

The financial statements have been prepared on a going concern basis, which assumes that the company will continue to trade. The validity of this basis is dependent on the continued support of the parent who has provided support throughout the year and to the date of this report. The directors have no reason to believe that this support will not continue or that the group will seek repayment of the amounts currently made available. The financial statements do not include any adjustments that would result from a withdrawal of the support of the parent.true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue for the sale of goods is recognised when the title and risks of ownership are transferred to the customer. Title of the stock remains with the parent company, however the company remains free to set its own price and therefore considered to act as a principle in relation to the sales transactions. Accordingly, income is recorded gross. On completion of a sale, title of the resulting debtor is immediately passed to the parent company via the inter-group balance. From this point they become responsible for the collection of all cash and bear risks and rewards of ownership of the asset.

Turnover also includes transfer pricing marketing services income for the company's services performed for the parent company which is calculated using the cost plus method applied to the sales personnel's payroll related costs.

1.4
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 improvements
Shorter of the lease term or the useful life of the asset
Plant and equipment
5-10 years straight line
Fixtures and fittings
3-5 years straight line
Computers
3-5 years straight line
GA TELESIS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -

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 credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible 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.

1.6
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.

1.7
Financial instruments

The company 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 company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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 method 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.

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 company 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. A m ounts 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.

GA TELESIS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.8
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 company’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.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

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.

1.10
Retirement benefits

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

1.11
Leases

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 s asset are consumed.

1.12

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated into dollars at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into dollars at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit. The exchange rate used to prepare these financial statements was £1:$1.34911(2024: £1:$1.25651)

1.13

Related party transactions

The company has taken advantage of the exemption as per paragraph 33.1A of FRS 102, "Related Party Disclosures" from disclosing group related party transactions under FRS 102. This is on the grounds that the company is a wholly owned subsidiary.

GA TELESIS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’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.

The directors consider that the company has no significant judgements, estimates or assumptions that would have a material impact on the financial statements.

3
Employees

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

2025
2024
Number
Number
Total
35
32
4
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Total
$
$
$
$
$
Cost
At 1 January 2025
483,480
410,390
103,003
111,290
1,108,163
Additions
-
0
15,761
-
0
-
0
15,761
Disposals
(146,996)
(235,400)
(49,047)
(80,608)
(512,051)
At 31 December 2025
336,484
190,751
53,956
30,682
611,873
Depreciation and impairment
At 1 January 2025
223,755
306,289
76,173
109,416
715,633
Depreciation charged in the year
39,803
27,678
10,791
1,021
79,293
Eliminated in respect of disposals
(146,996)
(211,884)
(49,047)
(80,608)
(488,535)
At 31 December 2025
116,562
122,083
37,917
29,829
306,391
Carrying amount
At 31 December 2025
219,922
68,668
16,039
853
305,482
At 31 December 2024
259,725
104,101
26,830
1,874
392,530

The company has fixed and floating charges against its assets related to financing arrangements held at group level.

GA TELESIS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
5
Debtors
2025
2024
Amounts falling due within one year:
$
$
Trade debtors
6,014,926
4,751,789
Other debtors
398,245
378,003
6,413,171
5,129,792
2025
2024
Amounts falling due after more than one year:
$
$
Deferred tax asset
8,804
-
0
Total debtors
6,421,975
5,129,792
6
Creditors: amounts falling due within one year
2025
2024
$
$
Amounts owed to group undertakings
2,923,804
3,450,624
Corporation tax
89,203
89,203
Other creditors
993,357
489,697
4,006,364
4,029,524
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Mark Gregory ACA
Statutory Auditor:
Fiander ETL
Date of audit report:
22 July 2026
GA TELESIS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
8
Operating lease commitments
As lessee

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

2025
2024
$
$
Total commitments
678,839
1,007,693
GA TELESIS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
9
Related party transactions

As a wholly owned subsidiary of GA Telesis, LLC throughout the current year, the company is exempt from the requirements to disclose transactions with other wholly owned members of the group headed by GA Telesis, LLC.

GA Telesis Engine Services LLC is a related party as the company's immediate parent undertaking, GA Telesis LLC, holds a 50% ownership interest.

During the year the following income was received in the normal course of business from this related part y:

Entity name Value of transactions in period

$

GA Telesis Engine Services LLC 66,197 (202 4: 6,000)

At the year end amounts remained outstanding of $66,197 (202 4: $6,000) from GA Telesis Engine Services LLC.

10
Parent company

The immediate and ultimate parent company is GA Telesis, LLC incorporated in the United States, which is the smallest and largest group which consolidates these financial statements. Copies of the group financial statements can be obtained from GA Telesis, LLC, 1850 NW 49th Street, Fort Lauderdale, Florida, United States of America.

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