Global Mediation Services Ltd - Filleted accounts

Registered number

10616512

Global Mediation Services Ltd

Filleted Accounts for the year ended

28 February 2025

Global Mediation Services Ltd
Registered number:		10616512
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		25,344			46,307

Current assets
Debtors	4	70,278			71,793
Cash at bank and in hand		82,714			235,369
		152,992			307,162

Creditors: amounts falling due within one year	5	(93,559)			(144,693)

Net current assets			59,433			162,469

Total assets less current liabilities			84,777			208,776

Creditors: amounts falling due after more than one year	6		(858)			(4,266)



Net assets			83,919			204,510

Capital and reserves
Called up share capital			1			1
Profit and loss account			83,918			204,509

Shareholder's funds			83,919			204,510

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J Hayes
Director
Approved by the board on 4 November 2025

Global Mediation Services Ltd
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	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
	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:

	Plant and machinery	over 4 years
	Computer equipment	over 4 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			3		2


3	Tangible fixed assets
		Plant and machinery etc		Computer equipment		Total
£			£		£
	Cost
	At 1 March 2024	77,542		16,850		94,392
	Additions	536		1,672		2,208
	At 28 February 2025	78,078		18,522		96,600

	Depreciation
	At 1 March 2024	36,202		11,883		48,085
	Charge for the year	19,519		3,652		23,171
	At 28 February 2025	55,721		15,535		71,256

	Net book value
	At 28 February 2025	22,357		2,987		25,344
	At 29 February 2024	41,340		4,967		46,307


4	Debtors			2025		2024
£					£

	Trade debtors			70,278		71,793


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			3,400		3,400
	Trade creditors			3,560		-
	Taxation and social security costs			86,599		113,475
	Director's loan			-		41
	Other creditors			-		27,777
				93,559		144,693


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			858		4,266


7	Related party transactions

	During the year, the director J Hayes, who holds 100% of the issued share capital in the company, received dividends of £301,736 (2024 - £262,222).


8	Controlling party

	The director J Hayes holds 100% of the issued share capital and is the ultimate controlling party.


9	Other information

	Global Mediation Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Albany House RG40 1BJ
	14 Shute End
	Wokingham
	Berkshire
	RG40 1BJ