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REGISTERED NUMBER: 03825882 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

GLOBAL MEDIATION LIMITED

GLOBAL MEDIATION LIMITED (REGISTERED NUMBER: 03825882)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLOBAL MEDIATION LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr A N Gersch
Mrs N R Gersch
Mr J I Lermer





SECRETARY: Mr A N Gersch





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 03825882 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

GLOBAL MEDIATION LIMITED (REGISTERED NUMBER: 03825882)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 26,629 44,266
Tangible assets 5 24,063 28,214
Investments 6 1,000 -
51,692 72,480

CURRENT ASSETS
Debtors 7 855,400 748,563
Cash at bank and in hand 674,065 169,783
1,529,465 918,346
CREDITORS
Amounts falling due within one year 8 1,337,353 598,986
NET CURRENT ASSETS 192,112 319,360
TOTAL ASSETS LESS CURRENT
LIABILITIES

243,804

391,840

CREDITORS
Amounts falling due after more than one year 9 14,667 21,667
NET ASSETS 229,137 370,173

CAPITAL AND RESERVES
Called up share capital 11 139 139
Retained earnings 228,998 370,034
SHAREHOLDERS' FUNDS 229,137 370,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

GLOBAL MEDIATION LIMITED (REGISTERED NUMBER: 03825882)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 December 2024 and were signed on its behalf by:





Mr A N Gersch - Director


GLOBAL MEDIATION LIMITED (REGISTERED NUMBER: 03825882)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Global Mediation 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding value added tax.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 16 ) .

GLOBAL MEDIATION LIMITED (REGISTERED NUMBER: 03825882)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 88,185
AMORTISATION
At 1 April 2023 43,919
Charge for year 17,637
At 31 March 2024 61,556
NET BOOK VALUE
At 31 March 2024 26,629
At 31 March 2023 44,266

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 76,672
Additions 1,547
At 31 March 2024 78,219
DEPRECIATION
At 1 April 2023 48,458
Charge for year 5,698
At 31 March 2024 54,156
NET BOOK VALUE
At 31 March 2024 24,063
At 31 March 2023 28,214

GLOBAL MEDIATION LIMITED (REGISTERED NUMBER: 03825882)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaki
£   
COST
Additions 1,000
At 31 March 2024 1,000
NET BOOK VALUE
At 31 March 2024 1,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 826,076 710,605
Amounts owed by group undertakings 7,668 782
Other debtors 1,438 19,834
Prepayments & accrued income 20,218 17,342
855,400 748,563

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 10) 10,000 10,000
Trade creditors 120,890 78,019
Tax 86,940 161,515
Social security and other taxes 21,704 15,263
VAT 220,159 184,990
Other creditors 8,827 5,006
Accruals 436,958 1,342
Deferred income 431,875 142,851
1,337,353 598,986

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 10) 14,667 21,667

10. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

GLOBAL MEDIATION LIMITED (REGISTERED NUMBER: 03825882)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. LOANS - continued
31.3.24 31.3.23
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 4,667 11,667

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
65 'A' ORDINARY £1 65 65
25 'B' ORDINARY £1 25 25
5 'C' ORDINARY £1 5 5
30 'D' ORDINARY £1 30 30
7 'E' ORDINARY £1 7 7
5 'F' ORDINARY £1 5 5
1 'G' ORDINARY £1 1 1
1 'H' ORDINARY £1 1 1
139 139

12. RELATED PARTY DISCLOSURES

As of the balance sheet date, included in debtors due within one year is £7,668 (2023: £782), due and payable by Global Training Group Ltd. The amount is interest-free and repayable upon demand. The company is under common control by the directors.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A N Gersch.