Excel Accountants Ltd

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excel accountants ltd Company Information

Live

EstablishedMicroLow

Company Number

06495898

Website

http://taxassist.co.uk

Registered Address

c/o taxassist accountants, 96 drove road, weston-super-mare, north somerset, BS23 3NW

Industry

Accounting, and auditing activities

Telephone

01934429663

Next Accounts Due

January 2026

Group Structure

View All

Directors

John Mayer16 Years

Shareholders

john david mayer 60%

valerie murial mayer 40%

excel accountants ltd Estimated Valuation

£173.6k

Pomanda estimates the enterprise value of EXCEL ACCOUNTANTS LTD at £173.6k based on a Turnover of £260.5k and 0.67x industry multiple (adjusted for size and gross margin).

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Excel Accountants Ltd is a live company located in weston-super-mare, BS23 3NW with a Companies House number of 06495898. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in February 2008, it's largest shareholder is john david mayer with a 60% stake. Excel Accountants Ltd is a established, micro sized company, Pomanda has estimated its turnover at £260.5k with low growth in recent years.

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Pomanda's financial health check has awarded Excel Accountants Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £260.5k, make it larger than the average company (£117.2k)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (8.2%)

EXPORT

Excel Accountants Ltd's latest turnover from April 2024 is estimated at £260.5 thousand and the company has net assets of £3.7 thousand. According to their latest financial statements, Excel Accountants Ltd has 7 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	260,516	265,653	262,911	241,656	234,292	191,561	260,156	250,287	99,202	101,347	97,893	53,918	134,864	141,448	349,435
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	149,021	137,057	137,429	112,917	117,719	89,523	110,620	95,915	43,235	44,766	34,356	18,929	52,536	49,288	138,783
Gross Profit	111,495	128,595	125,482	128,739	116,573	102,038	149,537	154,372	55,966	56,581	63,536	34,989	82,328	92,161	210,652
Admin Expenses	113,770	122,500	127,847	124,177	105,622	116,656	137,947	151,143	43,440	56,257	44,361	30,313	50,490	146,627	214,673
Operating Profit	-2,275	6,095	-2,365	4,562	10,951	-14,618	11,590	3,229	12,526	324	19,175	4,676	31,838	-54,466	-4,021
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	617	617	0
Interest Receivable	0	0	0	0	0	0	0	23	93	63	22	20	15	2	2
Pre-Tax Profit	-2,275	6,095	-2,365	4,562	10,951	-14,618	11,590	3,252	12,619	388	19,196	4,696	31,237	-55,081	-4,019
Tax	0	-1,524	0	-867	-2,081	0	-2,202	-618	-2,524	-77	-4,031	-1,080	-7,497	0	0
Profit After Tax	-2,275	4,571	-2,365	3,695	8,870	-14,618	9,388	2,634	10,095	310	15,165	3,616	23,740	-55,081	-4,019
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-2,275	4,571	-2,365	3,695	8,870	-14,618	9,388	2,634	10,095	310	15,165	3,616	23,740	-55,081	-4,019
Employee Costs	151,683	118,788	134,996	128,415	104,010	137,756	202,716	185,490	31,259	29,426	29,226	28,350	53,848	55,681	90,454
Number Of Employees	7	6	6	6	6	6	9	8	1	1	1	1	2	2	4
EBITDA*	-2,275	6,095	-2,365	4,562	10,951	-14,618	11,590	3,229	20,235	8,812	26,172	12,296	37,727	-47,789	167

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	17,618	22,205	25,065	29,911	33,138	37,644	42,140	46,698	11,071	11,979	7,269	9,263	11,490	12,674	28,601
Intangible Assets	0	0	0	0	0	0	0	0	46,800	50,700	54,600	59,400	63,300	66,300	117,000
Investments & Other	0	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	0
Total Fixed Assets	17,618	22,205	25,065	29,911	33,138	37,644	42,140	46,698	57,871	62,679	61,869	68,663	74,790	78,974	145,601
Stock & work in progress	0	0	0	0	0	0	0	0	27,369	17,048	21,022	26,750	24,405	41,500	86,441
Trade Debtors	134,797	132,112	135,010	115,127	110,850	90,860	116,191	97,538	32,214	29,063	25,172	14,045	32,650	36,113	80,345
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	18,559	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	18,552	18,553	6,756	1,882	5,992	63	684
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	134,797	132,112	135,010	115,127	110,850	109,419	116,191	97,538	78,135	64,664	52,950	42,677	63,047	77,676	167,470
total assets	152,415	154,317	160,075	145,038	143,988	147,063	158,331	144,236	136,006	127,343	114,819	111,340	137,837	156,650	313,071
Bank overdraft	0	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	0
Trade Creditors	148,689	148,316	158,645	141,243	143,888	155,833	143,634	141,155	141,951	127,938	131,298	142,984	159,582	196,577	208,550
Group/Directors Accounts	0	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	0
hp & lease commitments	0	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	0
total current liabilities	148,689	148,316	158,645	141,243	143,888	155,833	143,634	141,155	141,951	127,938	131,298	142,984	159,582	196,577	208,550
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	18,973	0
hp & lease commitments	0	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	0
other liabilities	0	0	0	0	0	0	0	0	129	15,574	0	0	13,415	0	108,340
provisions	0	0	0	0	0	0	8,849	6,621	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	8,849	6,621	129	15,574	0	0	13,415	18,973	108,340
total liabilities	148,689	148,316	158,645	141,243	143,888	155,833	152,483	147,776	142,080	143,512	131,298	142,984	172,997	215,550	316,890
net assets	3,726	6,001	1,430	3,795	100	-8,770	5,848	-3,540	-6,074	-16,169	-16,479	-31,644	-35,160	-58,900	-3,819
total shareholders funds	3,726	6,001	1,430	3,795	100	-8,770	5,848	-3,540	-6,074	-16,169	-16,479	-31,644	-35,160	-58,900	-3,819

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-2,275	6,095	-2,365	4,562	10,951	-14,618	11,590	3,229	12,526	324	19,175	4,676	31,838	-54,466	-4,021
Depreciation	0	0	0	0	0	0	0	0	3,809	4,588	3,097	3,720	1,989	2,777	4,188
Amortisation	0	0	0	0	0	0	0	0	3,900	3,900	3,900	3,900	3,900	3,900	0
Tax	0	-1,524	0	-867	-2,081	0	-2,202	-618	-2,524	-77	-4,031	-1,080	-7,497	0	0
Stock	0	0	0	0	0	0	0	-27,369	10,321	-3,974	-5,728	2,345	-17,095	-44,941	86,441
Debtors	2,685	-2,898	19,883	4,277	1,431	-6,772	18,653	65,324	3,151	3,891	11,127	-18,605	-3,463	-44,232	80,345
Creditors	373	-10,329	17,402	-2,645	-11,945	12,199	2,479	-796	14,013	-3,360	-11,686	-16,598	-36,995	-11,973	208,550
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	-8,849	2,228	6,621	0	0	0	0	0	0	0
Cash flow from operations	-4,587	-2,860	-4,846	-3,227	-4,506	-4,496	-4,558	-29,519	18,252	5,458	5,056	10,878	13,793	29,411	41,931
Investing Activities
capital expenditure	4,587	2,860	4,846	3,227	4,506	4,496	4,558	11,173	-2,901	-9,298	-203	-1,493	-1,705	59,950	-149,789
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	4,587	2,860	4,846	3,227	4,506	4,496	4,558	11,173	-2,901	-9,298	-203	-1,493	-1,705	59,950	-149,789
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	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	-18,973	18,973	0
Hire Purchase and Lease Commitments	0	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	-129	-15,445	15,574	0	-13,415	13,415	-108,340	108,340
share issue	0	0	0	0	0	0	0	-100	0	0	0	-100	0	0	200
interest	0	0	0	0	0	0	0	23	93	63	22	20	-602	-615	2
cash flow from financing	0	0	0	0	0	0	0	-206	-15,352	15,637	22	-13,495	-6,160	-89,982	108,542
cash and cash equivalents
cash	0	0	0	0	0	0	0	-18,552	-1	11,797	4,874	-4,110	5,929	-621	684
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-18,552	-1	11,797	4,874	-4,110	5,929	-621	684

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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EXCEL ACCOUNTANTS LTD group structure

Excel Accountants Ltd has no subsidiary companies.

Ultimate parent company

EXCEL ACCOUNTANTS LTD

06495898

EXCEL ACCOUNTANTS LTD Shareholders

john david mayer	60%
valerie murial mayer	40%

Excel Accountants Ltd currently has 1 director, Mr John Mayer serving since Feb 2008.

officer	country	age	start	end	role
Mr John Mayer	United Kingdom	68 years	Feb 2008	-	Director

P&L

April 2024

turnover

260.5k

-2%

operating profit

-2.3k

gross margin

42.8%

-11.59%

turnover

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

Balance Sheet

April 2024

net assets

3.7k

-0.38%

total assets

152.4k

-0.01%

cash

net assets

Total assets minus all liabilities

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company number

06495898

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

February 2008

ultimate parent company

None

previous names

N/A

address

c/o taxassist accountants, 96 drove road, weston-super-mare, north somerset, BS23 3NW

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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excel accountants ltd Company Information

excel accountants ltd Estimated Valuation

excel accountants ltd Estimated Valuation

excel accountants ltd Estimated Valuation

Excel Accountants Ltd Overview

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EXCEL ACCOUNTANTS LTD financials

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