Gornal Accounting Services Limited

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gornal accounting services limited Company Information

Live

MatureMicroHigh

Company Number

04153531

Website

www.gornalaccounting.co.uk

Registered Address

richard hall house, bridgnorth road, wolverhampton, WV5 0AF

Industry

Accounting, and auditing activities

Telephone

01384233221

Next Accounts Due

November 2024

Group Structure

View All

Directors

Darren Giles15 Years

Shareholders

darren james giles 100%

gornal accounting services limited Estimated Valuation

£406k

Pomanda estimates the enterprise value of GORNAL ACCOUNTING SERVICES LIMITED at £406k based on Net Assets of £133.9k and 3.03x industry multiple (adjusted for liquidity).

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Gornal Accounting Services Limited is a live company located in wolverhampton, WV5 0AF with a Companies House number of 04153531. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in February 2001, it's largest shareholder is darren james giles with a 100% stake. Gornal Accounting Services Limited is a mature, micro sized company, Pomanda has estimated its turnover at £152.3k with high growth in recent years.

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Pomanda's financial health check has awarded Gornal Accounting Services Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

4 Strong

2 Regular

4 Weak

Size

annual sales of £152.3k, make it in line with the average company (£147.6k)

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (5.8%)

EXPORT

Gornal Accounting Services Limited's latest turnover from February 2023 is estimated at £152.3 thousand and the company has net assets of £133.9 thousand. According to their latest financial statements, Gornal Accounting Services Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	152,346	172,272	145,412	81,001	91,033	84,639	94,220	88,738	118,798	80,897	80,876	102,901	106,567	102,654
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	81,049	89,294	68,174	39,639	41,045	34,720	38,215	39,494	45,614	28,463	29,953	35,581	38,006	51,869
Gross Profit	71,297	82,978	77,238	41,363	49,989	49,919	56,004	49,244	73,183	52,434	50,923	67,321	68,561	50,785
Admin Expenses	76,490	55,509	72,324	46,597	53,783	49,644	-61,459	53,189	74,383	47,651	52,078	60,930	70,085	14,031
Operating Profit	-5,193	27,469	4,914	-5,234	-3,794	275	117,463	-3,945	-1,200	4,783	-1,155	6,391	-1,524	36,754
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	18	79	119	148	121	87	75	38
Pre-Tax Profit	-5,193	27,469	4,914	-5,234	-3,794	275	117,481	-3,866	-1,081	4,931	-1,034	6,478	-1,449	36,792
Tax	0	-5,219	-934	0	0	-52	-23,496	0	0	-1,134	0	-1,684	0	-10,302
Profit After Tax	-5,193	22,250	3,980	-5,234	-3,794	223	93,985	-3,866	-1,081	3,797	-1,034	4,794	-1,449	26,490
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-5,193	22,250	3,980	-5,234	-3,794	223	93,985	-3,866	-1,081	3,797	-1,034	4,794	-1,449	26,490
Employee Costs	88,787	88,721	62,927	59,400	73,950	22,049	26,806	27,015	30,162	30,514	27,994	54,611	54,387	26,422
Number Of Employees	4	4	3	3	3	1	1	1	1	1	1	2	2	1
EBITDA*	-5,193	27,469	4,914	-5,234	-3,794	275	117,463	-3,524	-674	5,282	-756	6,659	-1,475	43,537

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	102,197	102,929	101,975	100,994	101,325	101,556	1,796	1,683	2,104	2,000	1,599	1,024	191	1
Intangible Assets	0	0	0	0	0	0	100,000	100,000	100,000	100,000	1	1	1	1
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	102,197	102,929	101,975	100,994	101,325	101,556	101,796	101,683	102,104	102,000	1,600	1,025	192	2
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	79,787	94,054	80,019	32,993	38,363	43,688	37,271	27,763	31,641	22,687	20,062	26,152	25,812	25,575
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	14,664	16,785	30,802	28,389	19,819	15,029	15,061
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	79,787	94,054	80,019	32,993	38,363	43,688	37,271	42,427	48,426	53,489	48,451	45,971	40,841	40,636
total assets	181,984	196,983	181,994	133,987	139,688	145,244	139,067	144,110	150,530	155,489	50,051	46,996	41,033	40,638
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	35,616	40,422	65,183	21,156	0	23,385	17,431	16,459	19,013	22,891	21,249	17,160	15,991	14,147
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	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	35,616	40,422	65,183	21,156	0	23,385	17,431	16,459	19,013	22,891	21,249	17,160	15,991	14,147
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	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	12,500	17,500	0	0	21,623	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	12,500	17,500	0	0	21,623	0	0	0	0	0	0	0	0	0
total liabilities	48,116	57,922	65,183	21,156	21,623	23,385	17,431	16,459	19,013	22,891	21,249	17,160	15,991	14,147
net assets	133,868	139,061	116,811	112,831	118,065	121,859	121,636	127,651	131,517	132,598	28,802	29,836	25,042	26,491
total shareholders funds	133,868	139,061	116,811	112,831	118,065	121,859	121,636	127,651	131,517	132,598	28,802	29,836	25,042	26,491

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	-5,193	27,469	4,914	-5,234	-3,794	275	117,463	-3,945	-1,200	4,783	-1,155	6,391	-1,524	36,754
Depreciation	0	0	0	0	0	0	0	421	526	499	399	268	49	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	6,783
Tax	0	-5,219	-934	0	0	-52	-23,496	0	0	-1,134	0	-1,684	0	-10,302
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-14,267	14,035	47,026	-5,370	-5,325	6,417	9,508	-3,878	8,954	2,625	-6,090	340	237	25,575
Creditors	-4,806	-24,761	44,027	21,156	-23,385	5,954	972	-2,554	-3,878	1,642	4,089	1,169	1,844	14,147
Accruals and Deferred Income	0	0	0	0	0	0	0	0	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	4,268	-16,546	981	21,292	-21,854	-240	85,431	-2,200	-13,506	3,165	9,423	5,804	132	21,807
Investing Activities
capital expenditure	732	-954	-981	331	231	240	-113	0	-630	-100,899	-974	-1,101	-239	-6,785
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	732	-954	-981	331	231	240	-113	0	-630	-100,899	-974	-1,101	-239	-6,785
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-5,000	17,500	0	-21,623	21,623	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-100,000	0	0	99,999	0	0	0	1
interest	0	0	0	0	0	0	18	79	119	148	121	87	75	38
cash flow from financing	-5,000	17,500	0	-21,623	21,623	0	-99,982	79	119	100,147	121	87	75	39
cash and cash equivalents
cash	0	0	0	0	0	0	-14,664	-2,121	-14,017	2,413	8,570	4,790	-32	15,061
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-14,664	-2,121	-14,017	2,413	8,570	4,790	-32	15,061

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GORNAL ACCOUNTING SERVICES LIMITED group structure

Gornal Accounting Services Limited has no subsidiary companies.

Ultimate parent company

GORNAL ACCOUNTING SERVICES LIMITED

04153531

GORNAL ACCOUNTING SERVICES LIMITED Shareholders

darren james giles

100%

Gornal Accounting Services Limited currently has 1 director, Mr Darren Giles serving since Feb 2009.

officer	country	age	start	end	role
Mr Darren Giles	England	57 years	Feb 2009	-	Director

P&L

February 2023

turnover

152.3k

-12%

operating profit

-5.2k

gross margin

46.8%

-2.84%

turnover

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

Balance Sheet

February 2023

net assets

133.9k

-0.04%

total assets

182k

-0.08%

cash

net assets

Total assets minus all liabilities

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1.5

company number

04153531

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

February 2001

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

February 2023

address

richard hall house, bridgnorth road, wolverhampton, WV5 0AF

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.

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gornal accounting services limited Company Information

gornal accounting services limited Estimated Valuation

gornal accounting services limited Estimated Valuation

gornal accounting services limited Estimated Valuation

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