precise accountax ltd
precise accountax ltd Company Information
Company Number
04663362
Website
-Registered Address
parker russell, level 30, the leadenhall buildin, london, EC3V 4AB
Industry
Bookkeeping activities
Telephone
02073784480
Next Accounts Due
November 2024
Group Structure
View All
Directors
Kinga Griffiths21 Years
Shareholders
kinga griffiths 100%
precise accountax ltd Estimated Valuation
Pomanda estimates the enterprise value of PRECISE ACCOUNTAX LTD at £40k based on a Turnover of £41.4k and 0.97x industry multiple (adjusted for size and gross margin).
precise accountax ltd Estimated Valuation
Pomanda estimates the enterprise value of PRECISE ACCOUNTAX LTD at £14.6k based on an EBITDA of £3.4k and a 4.28x industry multiple (adjusted for size and gross margin).
precise accountax ltd Estimated Valuation
Pomanda estimates the enterprise value of PRECISE ACCOUNTAX LTD at £16.8k based on Net Assets of £3.8k and 4.37x industry multiple (adjusted for liquidity).
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Precise Accountax Ltd Overview
Precise Accountax Ltd is a live company located in london, EC3V 4AB with a Companies House number of 04663362. It operates in the bookkeeping activities sector, SIC Code 69202. Founded in February 2003, it's largest shareholder is kinga griffiths with a 100% stake. Precise Accountax Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £41.4k with healthy growth in recent years.
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Precise Accountax Ltd Health Check
Pomanda's financial health check has awarded Precise Accountax Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 3 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
3 Weak
Size
annual sales of £41.4k, make it smaller than the average company (£83.6k)
- Precise Accountax Ltd
£83.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (4.8%)
- Precise Accountax Ltd
4.8% - Industry AVG
Production
with a gross margin of 73.6%, this company has a comparable cost of product (73.6%)
- Precise Accountax Ltd
73.6% - Industry AVG
Profitability
an operating margin of 6.1% make it less profitable than the average company (11.6%)
- Precise Accountax Ltd
11.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (2)
1 - Precise Accountax Ltd
2 - Industry AVG
Pay Structure
on an average salary of £15.7k, the company has an equivalent pay structure (£15.7k)
- Precise Accountax Ltd
£15.7k - Industry AVG
Efficiency
resulting in sales per employee of £41.4k, this is equally as efficient (£41.4k)
- Precise Accountax Ltd
£41.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Precise Accountax Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Precise Accountax Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Precise Accountax Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 63 weeks, this is more cash available to meet short term requirements (45 weeks)
63 weeks - Precise Accountax Ltd
45 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 62.3%, this is a similar level of debt than the average (64.8%)
62.3% - Precise Accountax Ltd
64.8% - Industry AVG
PRECISE ACCOUNTAX LTD financials
Precise Accountax Ltd's latest turnover from February 2023 is estimated at £41.4 thousand and the company has net assets of £3.8 thousand. According to their latest financial statements, Precise Accountax Ltd has 1 employee and maintains cash reserves of £7.6 thousand 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 | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 1 | 1 | 2 | 2 | 2 | 4 | 4 | |||||||
| EBITDA* |
* 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 | 2,639 | 3,520 | 4,693 | 2,759 | 1,769 | 508 | 677 | 904 | 1,205 | 1,606 | 431 | 575 | 767 | 1,023 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 2,639 | 3,520 | 4,693 | 2,759 | 1,769 | 508 | 677 | 904 | 1,205 | 1,606 | 431 | 575 | 767 | 1,023 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 5,000 | 5,000 | 4,000 | 615 | 500 | 0 | 275 | 225 | 145 | 375 |
| Trade Debtors | 0 | 0 | 0 | 1,480 | 4,675 | 4,980 | 6,400 | 4,534 | 3,890 | 3,700 | 3,038 | 3,600 | 3,600 | 1,600 |
| 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 | 7,564 | 3,719 | 4,030 | 4,076 | 4,496 | 1,127 | 313 | 2,849 | 2,745 | 726 | 996 | 711 | 442 | 1,397 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,564 | 3,719 | 4,030 | 5,556 | 14,171 | 11,107 | 10,714 | 7,999 | 7,135 | 4,426 | 4,309 | 4,536 | 4,187 | 3,372 |
| total assets | 10,203 | 7,239 | 8,723 | 8,315 | 15,940 | 11,615 | 11,391 | 8,903 | 8,340 | 6,032 | 4,740 | 5,111 | 4,954 | 4,395 |
| 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 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 8,162 | 5,933 | 4,660 | 3,383 | 4,299 | 4,133 |
| 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 | 6,147 | 4,899 | 4,390 | 4,641 | 7,350 | 10,728 | 10,286 | 8,758 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 6,147 | 4,899 | 4,390 | 4,642 | 7,351 | 10,729 | 10,286 | 8,758 | 8,162 | 5,933 | 4,660 | 3,383 | 4,299 | 4,133 |
| loans | 214 | 688 | 4,188 | 91 | 414 | 269 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16 | 19 | 72 | 660 | 79 | 50 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 214 | 688 | 4,188 | 91 | 414 | 269 | 0 | 0 | 16 | 19 | 72 | 660 | 79 | 50 |
| total liabilities | 6,361 | 5,587 | 8,578 | 4,733 | 7,765 | 10,998 | 10,286 | 8,758 | 8,178 | 5,952 | 4,732 | 4,043 | 4,378 | 4,183 |
| net assets | 3,842 | 1,652 | 145 | 3,582 | 8,175 | 617 | 1,105 | 145 | 162 | 80 | 8 | 1,068 | 576 | 212 |
| total shareholders funds | 3,842 | 1,652 | 145 | 3,582 | 8,175 | 617 | 1,105 | 145 | 162 | 80 | 8 | 1,068 | 576 | 212 |
| 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 | ||||||||||||||
| Depreciation | 881 | 1,173 | 1,566 | 810 | 599 | 169 | 227 | 301 | 401 | 535 | 144 | 192 | 256 | 341 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||||||
| Stock | 0 | 0 | 0 | -5,000 | 0 | 1,000 | 3,385 | 115 | 500 | -275 | 50 | 80 | -230 | 375 |
| Debtors | 0 | 0 | -1,480 | -3,195 | -305 | -1,420 | 1,866 | 644 | 190 | 662 | -562 | 0 | 2,000 | 1,600 |
| Creditors | 0 | 0 | -1 | 0 | 0 | 1 | 0 | -8,162 | 2,229 | 1,273 | 1,277 | -916 | 166 | 4,133 |
| Accruals and Deferred Income | 1,248 | 509 | -251 | -2,709 | -3,378 | 442 | 1,528 | 8,758 | 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 | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| 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 | -474 | -3,500 | 4,097 | -323 | 145 | 269 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -16 | -3 | -53 | -588 | 581 | 29 | 50 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 3,845 | -311 | -46 | -420 | 3,369 | 814 | -2,536 | 104 | 2,019 | -270 | 285 | 269 | -955 | 1,397 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 3,845 | -311 | -46 | -420 | 3,369 | 814 | -2,536 | 104 | 2,019 | -270 | 285 | 269 | -955 | 1,397 |
precise accountax ltd Credit Report and Business Information
Precise Accountax Ltd Competitor Analysis
Perform a competitor analysis for precise accountax ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in EC3V area or any other competitors across 12 key performance metrics.
precise accountax ltd Ownership
PRECISE ACCOUNTAX LTD group structure
Precise Accountax Ltd has no subsidiary companies.
Ultimate parent company
PRECISE ACCOUNTAX LTD
04663362
precise accountax ltd directors
Precise Accountax Ltd currently has 1 director, Ms Kinga Griffiths serving since Feb 2003.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Kinga Griffiths | England | 44 years | Feb 2003 | - | Director |
P&L
February 2023turnover
41.4k
+7%
operating profit
2.5k
0%
gross margin
73.7%
-4.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
3.8k
+1.33%
total assets
10.2k
+0.41%
cash
7.6k
+1.03%
net assets
Total assets minus all liabilities
precise accountax ltd company details
company number
04663362
Type
Private limited with Share Capital
industry
69202 - Bookkeeping activities
incorporation date
February 2003
age
21
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
February 2023
previous names
precious accountax limited (March 2003)
accountant
PARKER RUSSELL UK
auditor
-
address
parker russell, level 30, the leadenhall buildin, london, EC3V 4AB
Bank
-
Legal Advisor
-
precise accountax ltd Charges & Mortgages
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 did not find charges/mortgages relating to precise accountax ltd.
precise accountax ltd Companies House Filings - See Documents
| date | description | view/download |
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