REGISTERED NUMBER: 08665416 (England and Wales)

Financial Statements for the Year Ended 31 August 2025

for

Global Mine Design Ltd

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P Earl

Miss N Wilton

REGISTERED OFFICE:

F04, Tremough Innovation Centre

Penryn

Cornwall

TR109TA

REGISTERED NUMBER:

08665416 (England and Wales)

ACCOUNTANTS:

Carrington-May

Chartered Certified Accountants

31 Walker Avenue

Wolverton Mill East

Milton Keynes

Buckinghamshire

MK12 5TW

FIXED ASSETS

Intangible assets

4

28,709

1,128

Tangible assets

5

25,600

19,691

54,309

20,819

CURRENT ASSETS

Stocks

-

50,704

Debtors

241,836

63,324

Cash at bank and in hand

262,851

138,656

504,687

252,684

CREDITORS

Amounts falling due within one year

293,565

173,862

NET CURRENT ASSETS

211,122

78,822

TOTAL ASSETS LESS CURRENT LIABILITIES

265,431

99,641

CREDITORS

Amounts falling due after more than one year

(28,330

)

(55,102

)

PROVISIONS FOR LIABILITIES

(13,577

)

(3,956

)

NET ASSETS

223,524

40,583

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

223,424

40,483

SHAREHOLDERS' FUNDS

223,524

40,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 August 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 January 2026 and were signed on its behalf by:

P Earl - Director

1.	STATUTORY INFORMATION

Global Mine Design Ltd 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.

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.

The company has the continued support of the directors. The directors have considered the future sustainability and cash flow of the company. The company meets all its liabilities as they fall due and continues to maintain its client base. On this basis the directors consider the going concern basis of preparation to be appropriate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 7 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2024

49,274

Additions

33,775

At 31 August 2025

83,049

AMORTISATION

At 1 September 2024

48,146

Amortisation for year

6,194

At 31 August 2025

54,340

NET BOOK VALUE

At 31 August 2025

28,709

At 31 August 2024

1,128

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2024

2,842

2,600

60,028

65,470

Additions

-

18,995

14,427

33,422

Disposals

-

(2,600

)

-

(2,600

)

At 31 August 2025

2,842

18,995

74,455

96,292

DEPRECIATION

At 1 September 2024

2,591

6,162

56,021

64,774

Charge for year

251

4,748

3,519

8,518

Eliminated on disposal

-

(2,600

)

-

(2,600

)

At 31 August 2025

2,842

8,310

59,540

70,692

NET BOOK VALUE

At 31 August 2025

-

10,685

14,915

25,600

At 31 August 2024

251

(3,562

)

4,007

696

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

18,995

At 31 August 2025

18,995

DEPRECIATION

At 1 September 2024

3,562

Charge for year

4,748

At 31 August 2025

8,310

NET BOOK VALUE

At 31 August 2025

10,685

At 31 August 2024

(3,562

)

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the sum of £80,701 is owed to the directors (2024 - £19,500). £80,701 is the maximum amount owed during the period. Interest has not been paid or accrued on the sum outstanding.