GLOBALDRUM LIMITED

Company Registration Number:
05174623 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

GLOBALDRUM LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

GLOBALDRUM LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 2,796,420 2,428,312
Tangible assets: 4 1,746 1,746
Investments:   0 0
Total fixed assets: 2,798,166 2,430,058
Current assets
Stocks: 0 0
Debtors:   3,205,792 1,555,773
Cash at bank and in hand: 737,677 42,766
Investments:     0
Total current assets: 3,943,469 1,598,539
Creditors: amounts falling due within one year:   (2,960,842) (320,731)
Net current assets (liabilities): 982,627 1,277,808
Total assets less current liabilities: 3,780,793 3,707,866
Creditors: amounts falling due after more than one year:   (2,494,105) (2,479,382)
Provision for liabilities: 0 0
Total net assets (liabilities): 1,286,688 1,228,484
Capital and reserves
Called up share capital: 6,249 368
Share premium account: 622,463 622,463
Profit and loss account: 657,976 605,653
Shareholders funds: 1,286,688 1,228,484

The notes form part of these financial statements

GLOBALDRUM LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 December 2024
and signed on behalf of the board by:

Name: Simon Hellier
Status: Director

The notes form part of these financial statements

GLOBALDRUM LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Freehold buildings over 50 years Leasehold land and buildings over the lease term Plant and machinery 25% reducing balance Fixtures, fittings, tools and equipment 25% reducing balance

Intangible fixed assets and amortisation policy

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Intangible assets such as software development are amortised over 5 years.

GLOBALDRUM LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

GLOBALDRUM LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 2,453,697
Additions 858,848
At 31 December 2023 3,312,545
Amortisation
At 01 January 2023 25,385
Charge for year 490,740
At 31 December 2023 516,125
Net book value
At 31 December 2023 2,796,420
At 31 December 2022 2,428,312

GLOBALDRUM LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 16,134
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2023 16,134
Depreciation
At 01 January 2023 14,388
Charge for year 0
On disposals 0
Other adjustments 0
At 31 December 2023 14,388
Net book value
At 31 December 2023 1,746
At 31 December 2022 1,746

GLOBALDRUM LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Changes in presentation and prior period adjustments

Global Drum Ltd refiled its year ended 31 December 2022 accounts. The Prior year comparative figures reflect the refilled accounts.