Sapphire Accounting Systems Limited

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sapphire accounting systems limited Company Information

Live

MatureSmallDeclining

Company Number

03648408

Website

https://www.saslimited.com

Registered Address

coombe lodge bourne lane, blagdon, somerset, BS40 7RG

Industry

Other information technology and computer service activities

Telephone

441761463700

Next Accounts Due

December 2024

Group Structure

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Directors

Adrian Adams26 Years

Zena Adams18 Years

Shareholders

zena louise adams 52.4%

adrian glenn adams 47.6%

sapphire accounting systems limited Estimated Valuation

£604.2k

Pomanda estimates the enterprise value of SAPPHIRE ACCOUNTING SYSTEMS LIMITED at £604.2k based on a Turnover of £871.5k and 0.69x industry multiple (adjusted for size and gross margin).

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Sapphire Accounting Systems Limited is a live company located in somerset, BS40 7RG with a Companies House number of 03648408. It operates in the other information technology service activities sector, SIC Code 62090. Founded in October 1998, it's largest shareholder is zena louise adams with a 52.4% stake. Sapphire Accounting Systems Limited is a mature, small sized company, Pomanda has estimated its turnover at £871.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Sapphire Accounting Systems Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

3 Regular

6 Weak

Size

annual sales of £871.5k, make it smaller than the average company (£5.9m)

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (6.3%)

EXPORT

Sapphire Accounting Systems Limited's latest turnover from March 2023 is estimated at £871.5 thousand and the company has net assets of £67.9 thousand. According to their latest financial statements, Sapphire Accounting Systems Limited has 8 employees and maintains cash reserves of £33.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Oct 2009
Turnover	871,536	1,166,825	1,019,608	1,336,565	1,414,884	971,352	966,939	629,401	1,074,378	780,707	1,142,874	842,274	727,780	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	442,610	574,163	505,411	658,078	672,806	457,870	450,085	295,406	499,899	353,453	526,278	387,718	327,357	0
Gross Profit	428,926	592,662	514,197	678,487	742,078	513,482	516,854	333,995	574,480	427,253	616,596	454,556	400,423	0
Admin Expenses	381,531	568,688	503,162	658,826	742,228	512,039	515,730	334,384	586,220	414,979	611,460	454,910	399,203	-5,493
Operating Profit	47,395	23,974	11,035	19,661	-150	1,443	1,124	-389	-11,740	12,274	5,136	-354	1,220	5,493
Interest Payable	12,907	7,763	3,050	0	77	132	208	159	0	0	0	0	0	0
Interest Receivable	712	328	49	17	85	25	13	74	74	1	2	10	9	11
Pre-Tax Profit	35,200	16,540	8,035	19,678	-142	1,336	929	-474	-11,666	12,275	5,138	-344	1,229	5,504
Tax	-6,688	-3,143	-1,527	-3,739	0	-254	-186	0	0	-2,823	-1,233	0	-344	-1,541
Profit After Tax	28,512	13,397	6,508	15,939	-142	1,082	743	-474	-11,666	9,452	3,905	-344	885	3,963
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	28,512	13,397	6,508	15,939	-142	1,082	743	-474	-11,666	9,452	3,905	-344	885	3,963
Employee Costs	400,517	429,180	543,865	633,078	690,199	662,455	646,031	265,154	426,955	311,488	399,911	301,336	291,155	0
Number Of Employees	8	10	9	11	12	12	12	5	8	6	8	6	6	0
EBITDA*	49,421	26,153	12,638	21,131	6,425	9,787	19,359	22,216	-751	15,948	7,511	2,029	4,451	7,983

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Oct 2009
Tangible Assets	10,281	11,135	8,998	8,224	23,878	29,630	36,836	45,165	10,718	12,231	13,457	13,500	11,973	14,107
Intangible Assets	0	0	0	0	0	0	0	7,580	16,677	25,774	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	10,281	11,135	8,998	8,224	23,878	29,630	36,836	52,745	27,395	38,005	13,457	13,500	11,973	14,107
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	123,578	186,112	168,758	234,554	245,572	111,726	107,347	104,956	165,153	111,603	169,396	115,204	104,293	84,094
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	409,523	402,874	224,447	196,587	240,619	290,898	175,998	83,802	70,425	110,814	113,069	99,405	86,360	75,853
Cash	33,507	0	87,510	11,453	22,776	0	10,099	0	29,441	0	450	450	3,539	4,339
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	566,608	588,986	480,715	442,594	508,967	402,624	293,444	188,758	265,019	222,417	282,915	215,059	194,192	164,286
total assets	576,889	600,121	489,713	450,818	532,845	432,254	330,280	241,503	292,414	260,422	296,372	228,559	206,165	178,393
Bank overdraft	76,829	65,011	15,000	0	0	2,279	1,786	3,280	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	44,081	60,363	36,426	60,289	88,449	101,164	98,700	95,153	248,816	223,004	258,129	227,913	205,175	174,325
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	21,846	4,269	4,269	4,269	0	0	0	0	0	0
other current liabilities	228,841	248,950	208,875	267,161	306,469	227,069	171,260	91,521	0	0	0	0	0	0
total current liabilities	349,751	374,324	260,301	327,450	416,764	334,781	276,015	194,223	248,816	223,004	258,129	227,913	205,175	174,325
loans	45,000	65,000	85,000	0	0	0	0	1,600	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	21,846	26,115	30,383	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	114,236	121,407	118,419	103,883	112,535	71,939	25,544	13,434	41,261	23,115	33,692	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	159,236	186,407	203,419	103,883	112,535	93,785	51,659	45,417	41,261	23,115	33,692	0	0	0
total liabilities	508,987	560,731	463,720	431,333	529,299	428,566	327,674	239,640	290,077	246,119	291,821	227,913	205,175	174,325
net assets	67,902	39,390	25,993	19,485	3,546	3,688	2,606	1,863	2,337	14,303	4,551	646	990	4,068
total shareholders funds	67,902	39,390	25,993	19,485	3,546	3,688	2,606	1,863	2,337	14,303	4,551	646	990	4,068

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Oct 2009
Operating Activities
Operating Profit	47,395	23,974	11,035	19,661	-150	1,443	1,124	-389	-11,740	12,274	5,136	-354	1,220	5,493
Depreciation	2,026	2,179	1,603	1,470	6,575	8,344	10,655	13,508	1,892	2,158	2,375	2,383	3,231	2,490
Amortisation	0	0	0	0	0	0	7,580	9,097	9,097	1,516	0	0	0	0
Tax	-6,688	-3,143	-1,527	-3,739	0	-254	-186	0	0	-2,823	-1,233	0	-344	-1,541
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-55,885	195,781	-37,936	-55,050	83,567	119,279	94,587	-46,820	13,161	-60,048	67,856	23,956	190,653	159,947
Creditors	-16,282	23,937	-23,863	-28,160	-12,715	2,464	3,547	-153,663	25,812	-35,125	30,216	22,738	205,175	174,325
Accruals and Deferred Income	-20,109	40,075	-58,286	-39,308	79,400	55,809	79,739	91,521	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	62,227	-108,759	-33,102	4,974	-10,457	-51,473	7,872	6,894	11,900	38,048	-31,362	811	18,629	20,820
Investing Activities
capital expenditure	-1,172	-4,316	-2,377	14,184	-823	-1,138	-2,326	-47,955	-379	-28,222	-2,332	-3,910	-15,204	-16,597
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,172	-4,316	-2,377	14,184	-823	-1,138	-2,326	-47,955	-379	-28,222	-2,332	-3,910	-15,204	-16,597
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-20,000	-20,000	85,000	0	0	0	-1,600	1,600	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	-21,846	-4,269	-4,269	-4,268	34,652	0	0	0	0	0	0
other long term liabilities	-7,171	2,988	14,536	-8,652	40,596	46,395	12,110	-27,827	18,146	-10,577	33,692	0	0	0
share issue	0	0	0	0	0	0	0	0	-300	300	0	0	105	105
interest	-12,195	-7,435	-3,001	17	8	-107	-195	-85	74	1	2	10	9	11
cash flow from financing	-39,366	-24,447	96,535	-30,481	36,335	42,019	6,047	8,340	17,920	-10,276	33,694	10	114	116
cash and cash equivalents
cash	33,507	-87,510	76,057	-11,323	22,776	-10,099	10,099	-29,441	29,441	-450	0	-3,089	3,539	4,339
overdraft	11,818	50,011	15,000	0	-2,279	493	-1,494	3,280	0	0	0	0	0	0
change in cash	21,689	-137,521	61,057	-11,323	25,055	-10,592	11,593	-32,721	29,441	-450	0	-3,089	3,539	4,339

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SAPPHIRE ACCOUNTING SYSTEMS LIMITED group structure

Sapphire Accounting Systems Limited has no subsidiary companies.

Ultimate parent company

SAPPHIRE ACCOUNTING SYSTEMS LIMITED

03648408

SAPPHIRE ACCOUNTING SYSTEMS LIMITED Shareholders

zena louise adams	52.38%
adrian glenn adams	47.62%

Sapphire Accounting Systems Limited currently has 2 directors. The longest serving directors include Mr Adrian Adams (Oct 1998) and Ms Zena Adams (Nov 2006).

officer	country	age	start	end	role
Mr Adrian Adams	United Kingdom	61 years	Oct 1998	-	Director
Ms Zena Adams	United Kingdom	56 years	Nov 2006	-	Director

P&L

March 2023

turnover

871.5k

-25%

operating profit

47.4k

gross margin

49.3%

-3.11%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

67.9k

+0.72%

total assets

576.9k

-0.04%

cash

33.5k

net assets

Total assets minus all liabilities

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company number

03648408

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

October 1998

ultimate parent company

None

previous names

bristol accounting systems limited (November 1998)

hollyfall consultants limited (October 1998)

address

coombe lodge bourne lane, blagdon, somerset, BS40 7RG

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 1 charges/mortgages relating to sapphire accounting systems limited. Currently there are 1 open charges and 0 have been satisfied in the past.

sapphire accounting systems limited Company Information

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sapphire accounting systems limited Estimated Valuation

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