GGR Communications Limited

(Registration number: 02929785)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	447,827	429,181
Current assets
Stocks	5	549,633	442,303
Debtors	6	1,408,826	976,339
Cash at bank and in hand		2,433,142	2,093,525
		4,391,601	3,512,167
Creditors: Amounts falling due within one year	7	(2,597,511)	(1,873,882)
Net current assets		1,794,090	1,638,285
Total assets less current liabilities		2,241,917	2,067,466
Creditors: Amounts falling due after more than one year	7	(676,056)	(392,942)
Net assets		1,565,861	1,674,524
Capital and reserves
Called up share capital		2,000	2,000
Share premium reserve		2,000	2,000
Capital redemption reserve		1,000	1,000
Retained earnings		1,560,861	1,669,524
Shareholders' funds		1,565,861	1,674,524

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 November 2025 and signed on its behalf by:
 

......................................... A Clinton-Watkins Director

GGR Communications Limited

Statement of Changes in Equity for the Year Ended 31 March 2025

	Share capital £	Share premium £	Capital redemption reserve £	Retained earnings £	Total £
At 1 April 2024	2,000	2,000	1,000	1,669,524	1,674,524
Profit for the year	-	-	-	691,337	691,337
Dividends	-	-	-	(800,000)	(800,000)
At 31 March 2025	2,000	2,000	1,000	1,560,861	1,565,861

	Share capital £	Share premium £	Capital redemption reserve £	Retained earnings £	Total £
At 1 April 2023	2,000	2,000	1,000	1,250,487	1,255,487
Profit for the year	-	-	-	419,037	419,037
At 31 March 2024	2,000	2,000	1,000	1,669,524	1,674,524

GGR Communications Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
De Salis House De Salis Drive
Hampton Lovett
Droitwich
Worcestershire
WR9 0QE

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements have been rounded to the neared £.

Going concern

These financial statements are prepared on the going concern basis. The Directors have areasonable expectation that the company will continue in operational existence for the foreseeable future. The parent company and group have confirmed in writing they intend to support the company over the next 12 months.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the report on 5 November 2025 was Adrian Sidaway BFP ACA, who signed for and on behalf of Ballards LLP.

GGR Communications Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Key sources of estimation uncertainty

Revenue from contracts to provide technical support services is recognsied over time using the stage of completion method, based on the proportion of total expected service hours completed at the reporting date. This requires managment to make estimates regarding:

The level of completion at the reporting date

These estimates are reviewed regulary and updated as necessery. Changes in these estimates could have a material impact on the amount of revenue recognsied in the period. Where the outcome of a contract cannot be reliably estimated, revenue is recognised only to the extent of recoverable costs incurred.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.


For contracts spanning the period end, the company recognises revenue from the point at which goods are delivered to the customer based on a stage of completion basis. The stage of completion is calculated with reference to the costs incurred to date compared to the total costs expected under the contract. Costs incurred on goods that have not been delivered to the customer's site are recorded as work-in-progress.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

GGR Communications Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Long-term leasehold property	Straight line over 125 years
Fixtures, fittings & equipment	Straight line over 3 years
Motor vechicles	Straight line over 3 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

GGR Communications Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of other inventories and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

GGR Communications Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 26 (2024 - 25).

4	Tangible assets

	Long leasehold land and buildings £	Fixtures and fittings £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	360,087	210,476	692,124	260,221	1,522,908
Additions	-	3,963	41,785	59,563	105,311
Disposals	-	-	(7,932)	(81,719)	(89,651)
At 31 March 2025	360,087	214,439	725,977	238,065	1,538,568
Depreciation
At 1 April 2024	65,769	201,441	641,844	184,673	1,093,727
Charge for the year	2,881	5,726	35,959	42,099	86,665
Eliminated on disposal	-	-	(7,932)	(81,719)	(89,651)
At 31 March 2025	68,650	207,167	669,871	145,053	1,090,741
Carrying amount
At 31 March 2025	291,437	7,272	56,106	93,012	447,827
At 31 March 2024	294,318	9,035	50,280	75,548	429,181

GGR Communications Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

5

Stocks

	2025 £	2024 £
Work in progress	498,842	401,651
Other inventories	50,791	40,652
	549,633	442,303

6

Debtors

Current	2025 £	2024 £
Trade debtors	1,217,689	739,592
Other debtors	191,135	236,745
	1,408,824	976,337

Non-current	Note	2025 £	2024 £
Amounts owed by group undertakings	10	2	2
		2	2

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	309,982	367,469
Taxation and social security	438,274	352,226
Other creditors	1,849,255	1,154,187
	2,597,511	1,873,882

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Amounts owed to group undertakings	676,056	392,942

GGR Communications Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

8	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	61,531	52,818
Later than one year and not later than five years	87,359	58,949
	148,890	111,767

The amount of non-cancellable operating lease payments recognised as an expense during the year was £61,531 (2024 - £52,818).

9	Profit related bonus

During the year an amount of £191,493 (2024: £165,795) has been taken from the profit to distribute to the employees.

10	Related party transactions

Summary of transactions with subsidiaries

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaires in the group.
 

11	Parent and ultimate parent undertaking

The company's immediate parent is GGR Communications Group Limited, incorporated in England & Wales.

  These financial statements are available from Companies House.

 The ultimate controlling party is A Clinton-Watkins.

The parent of the largest group in which these financial statements are consolidated is GGR Communications Group Limited, incorporated in England and Wales.