GLOBALRATE METALS LIMITED

Company Registration Number:
06904823 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

GLOBALRATE METALS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

GLOBALRATE METALS LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 161,775 76,014
Investments: 4 5,000 5,000
Total fixed assets: 166,775 81,014
Current assets
Debtors: 5 855,868 261,675
Cash at bank and in hand: 469,849 1,910,165
Total current assets: 1,325,717 2,171,840
Creditors: amounts falling due within one year: 6 (604,335) (1,535,044)
Net current assets (liabilities): 721,382 636,796
Total assets less current liabilities: 888,157 717,810
Creditors: amounts falling due after more than one year: 7 (15,000) (25,000)
Total net assets (liabilities): 873,157 692,810
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 873,156 692,809
Shareholders funds: 873,157 692,810

The notes form part of these financial statements

GLOBALRATE METALS LIMITED

Balance sheet statements

For the year ending 31 March 2024 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 22 January 2025
and signed on behalf of the board by:

Name: Henry Brougham
Status: Director

The notes form part of these financial statements

GLOBALRATE METALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

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

GLOBALRATE METALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

GLOBALRATE METALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 107,910
Additions 90,958
At 31 March 2024 198,868
Depreciation
At 01 April 2023 31,896
Charge for year 5,197
At 31 March 2024 37,093
Net book value
At 31 March 2024 161,775
At 31 March 2023 76,014

GLOBALRATE METALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Fixed investments

Intangible asset £ Cost At 1 April 2023 and 31 March 2024 5,000 Amortisation At 1 April 2023 and 31 March 2024 – Carrying amount At 31 March 2024 5,000 At 31 March 2023 5,000

GLOBALRATE METALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

GLOBALRATE METALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

Creditors: amounts falling due within one year 2024 Bank loans and overdrafts £10,000 Corporation tax £255,167 Other creditors £339,168 Total £604,335

GLOBALRATE METALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Creditors: amounts falling due after more than one year note

Creditors: amounts falling due after more than one year 2024 Bank loans and overdrafts £15,000