Gap Lighting Limited

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gap lighting limited Company Information

Live

EstablishedSmallDeclining

Company Number

07008552

Website

www.gaplighting.co.uk

Registered Address

unit 2 invicta park, sandpit road, dartford, DA1 5BU

Industry

Retail sale of electrical household appliances in specialised stores

Telephone

441322620100

Next Accounts Due

June 2024

Group Structure

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Directors

Geoffrey Pring14 Years

Rachel Pring14 Years

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Shareholders

charlotte taylor 50%

geoff pring 25%

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gap lighting limited Estimated Valuation

£2.6m

Pomanda estimates the enterprise value of GAP LIGHTING LIMITED at £2.6m based on Net Assets of £1m and 2.5x industry multiple (adjusted for liquidity).

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Gap Lighting Limited is a live company located in dartford, DA1 5BU with a Companies House number of 07008552. It operates in the retail sale of electrical household appliances in specialised stores sector, SIC Code 47540. Founded in September 2009, it's largest shareholder is charlotte taylor with a 50% stake. Gap Lighting Limited is a established, small sized company, Pomanda has estimated its turnover at £2.2m with declining growth in recent years.

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Pomanda's financial health check has awarded Gap Lighting Limited a 4 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 Rating4out of 5

2 Strong

4 Regular

6 Weak

Size

annual sales of £2.2m, make it smaller than the average company (£12.3m)

Growth

3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (3%)

EXPORT

Gap Lighting Limited's latest turnover from September 2022 is estimated at £2.2 million and the company has net assets of £1 million. According to their latest financial statements, we estimate that Gap Lighting Limited has 9 employees and maintains cash reserves of £309.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010
Turnover	2,198,584	1,542,791	1,803,882	2,927,959	2,480,320	2,958,819	4,511,550	2,796,579	2,138,054	1,618,114	1,360,607	1,424,356	1,911,732
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,612,678	1,150,192	1,301,403	2,087,894	1,720,682	2,056,671	3,023,713	2,003,724	1,534,082	1,145,736	956,333	997,968	1,288,013
Gross Profit	585,906	392,600	502,480	840,065	759,637	902,148	1,487,837	792,855	603,973	472,379	404,274	426,388	623,719
Admin Expenses	298,458	8,454	212,801	616,967	642,755	831,389	1,337,470	701,283	543,646	421,963	373,197	403,924	557,607
Operating Profit	287,448	384,146	289,679	223,098	116,882	70,759	150,367	91,572	60,327	50,416	31,077	22,464	66,112
Interest Payable	65,999	49,874	56,633	69,870	75,018	68,770	45,079	29,216	30,755	29,280	30,018	17,083	1,532
Interest Receivable	8,290	240	37	127	47	26	34	54	38	0	0	0	0
Pre-Tax Profit	229,738	334,512	233,083	153,354	41,911	2,015	105,321	62,410	29,610	21,136	1,059	5,381	64,581
Tax	-43,650	-63,557	-44,286	-29,137	-7,963	-383	-21,064	-12,482	-6,218	-4,861	-254	-1,399	-18,083
Profit After Tax	186,088	270,955	188,797	124,217	33,948	1,632	84,257	49,928	23,392	16,275	805	3,982	46,498
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	186,088	270,955	188,797	124,217	33,948	1,632	84,257	49,928	23,392	16,275	805	3,982	46,498
Employee Costs	248,921	199,694	261,645	417,783	331,829	342,837	627,621	370,990	281,260	231,530	209,910	215,828	288,522
Number Of Employees	9	7	10	17	14	14	25	17	14	12	10	10	13
EBITDA*	287,448	384,146	289,679	223,098	141,407	85,209	151,622	92,754	62,516	56,814	55,602	53,563	71,082

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010
Tangible Assets	898,758	905,472	914,321	921,771	902,907	875,895	880,325	423,869	422,612	424,801	426,126	428,491	9,724
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	898,758	905,472	914,321	921,771	902,907	875,895	880,325	423,869	422,612	424,801	426,126	428,491	9,724
Stock & work in progress	520,980	410,980	450,980	494,980	444,980	394,979	234,484	205,928	180,004	125,088	103,934	80,886	65,574
Trade Debtors	216,288	197,777	241,360	411,362	393,584	370,211	396,853	264,622	182,338	118,517	114,737	91,545	156,726
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	214,888	0	2,250	2,250	0	0	0	0	0	0	0	56,642	0
Cash	309,293	427,565	52,601	21,992	11,865	667	20,463	6,420	15,247	0	0	0	0
misc current assets	0	9,756	133,665	0	0	0	0	0	0	0	0	0	0
total current assets	1,261,449	1,046,078	880,856	930,584	850,429	765,857	651,800	476,970	377,589	243,605	218,671	229,073	222,300
total assets	2,160,207	1,951,550	1,795,177	1,852,355	1,753,336	1,641,752	1,532,125	900,839	800,201	668,406	644,797	657,564	232,024
Bank overdraft	0	0	0	0	218,516	290,022	220,072	94,767	148,641	89,967	63,231	3,066	47,131
Bank loan	80,745	0	0	197,389	0	0	0	0	0	0	0	0	0
Trade Creditors	53,122	35,850	44,750	137,427	88,514	43,314	29,514	46,783	21,409	12,378	15,868	25,202	31,717
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	268,677	278,668	333,841	316,017	347,855	205,159	243,333	304,772	197,288	132,695	132,500	103,395	106,676
total current liabilities	402,544	314,518	378,591	650,833	654,885	538,495	492,919	446,322	367,338	235,040	211,599	131,663	185,524
loans	726,889	792,346	842,855	816,588	837,734	876,485	814,066	313,634	341,908	365,803	381,911	475,419	0
hp & lease commitments	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
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	726,889	792,346	842,855	816,588	837,734	876,485	814,066	313,634	341,908	365,803	381,911	475,419	0
total liabilities	1,129,433	1,106,864	1,221,446	1,467,421	1,492,619	1,414,980	1,306,985	759,956	709,246	600,843	593,510	607,082	185,524
net assets	1,030,774	844,686	573,731	384,934	260,717	226,772	225,140	140,883	90,955	67,563	51,287	50,482	46,500
total shareholders funds	1,030,774	844,686	573,731	384,934	260,717	226,772	225,140	140,883	90,955	67,563	51,287	50,482	46,500

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010
Operating Activities
Operating Profit	287,448	384,146	289,679	223,098	116,882	70,759	150,367	91,572	60,327	50,416	31,077	22,464	66,112
Depreciation	0	0	0	0	24,525	14,450	1,255	1,182	2,189	6,398	24,525	31,099	4,970
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-43,650	-63,557	-44,286	-29,137	-7,963	-383	-21,064	-12,482	-6,218	-4,861	-254	-1,399	-18,083
Stock	110,000	-40,000	-44,000	50,000	50,001	160,495	28,556	25,924	54,916	21,154	23,048	15,312	65,574
Debtors	233,399	-45,833	-170,002	20,028	23,373	-26,642	132,231	82,284	63,821	3,780	-33,450	-8,539	156,726
Creditors	17,272	-8,900	-92,677	48,913	45,200	13,800	-17,269	25,374	9,031	-3,490	-9,334	-6,515	31,717
Accruals and Deferred Income	-9,991	-55,173	17,824	-31,838	142,696	-38,174	-61,439	107,484	64,593	195	29,105	-3,281	106,676
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-92,320	342,349	384,542	141,008	247,966	-73,401	-108,937	104,922	11,185	23,724	85,521	35,595	-30,908
Investing Activities
capital expenditure	6,714	8,849	7,450	-18,864	-51,537	-10,020	-457,711	-2,439	0	-5,073	-22,160	-449,866	-14,694
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	6,714	8,849	7,450	-18,864	-51,537	-10,020	-457,711	-2,439	0	-5,073	-22,160	-449,866	-14,694
Financing Activities
Bank loans	80,745	0	-197,389	197,389	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-65,457	-50,509	26,267	-21,146	-38,751	62,419	500,432	-28,274	-23,895	-16,108	-93,508	475,419	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	-3	0	0	0	0	1	0	0	2
interest	-57,709	-49,634	-56,596	-69,743	-74,971	-68,744	-45,045	-29,162	-30,717	-29,280	-30,018	-17,083	-1,532
cash flow from financing	-42,421	-100,143	-227,718	106,500	-113,725	-6,325	455,387	-57,436	-54,612	-45,387	-123,526	458,336	-1,530
cash and cash equivalents
cash	-118,272	374,964	30,609	10,127	11,198	-19,796	14,043	-8,827	15,247	0	0	0	0
overdraft	0	0	0	-218,516	-71,506	69,950	125,305	-53,874	58,674	26,736	60,165	-44,065	47,131
change in cash	-118,272	374,964	30,609	228,643	82,704	-89,746	-111,262	45,047	-43,427	-26,736	-60,165	44,065	-47,131

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GAP LIGHTING LIMITED group structure

Gap Lighting Limited has no subsidiary companies.

Ultimate parent company

GAP LIGHTING LIMITED

07008552

GAP LIGHTING LIMITED Shareholders

charlotte taylor	50%
geoff pring	25%
rachael pring	25%

Gap Lighting Limited currently has 3 directors. The longest serving directors include Mr Geoffrey Pring (Sep 2009) and Mrs Rachel Pring (Sep 2009).

officer	country	age	start	end	role
Mr Geoffrey Pring	United Kingdom	54 years	Sep 2009	-	Director
Mrs Rachel Pring	England	53 years	Sep 2009	-	Director
Ms Charlotte Taylor	England	34 years	Jun 2013	-	Director

P&L

September 2022

turnover

2.2m

+43%

operating profit

287.4k

gross margin

26.7%

+4.72%

turnover

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

Balance Sheet

September 2022

net assets

+0.22%

total assets

2.2m

+0.11%

cash

309.3k

-0.28%

net assets

Total assets minus all liabilities

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company number

07008552

Type

Private limited with Share Capital

industry

47540 - Retail sale of electrical household appliances in specialised stores

incorporation date

September 2009

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

unit 2 invicta park, sandpit road, dartford, DA1 5BU

last accounts submitted

September 2022

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 5 charges/mortgages relating to gap lighting limited. Currently there are 4 open charges and 1 have been satisfied in the past.

gap lighting limited Company Information

gap lighting limited Estimated Valuation

gap lighting limited Estimated Valuation

gap lighting limited Estimated Valuation

Gap Lighting Limited Overview

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GAP LIGHTING LIMITED financials

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gap lighting limited Ownership

gap lighting limited directors

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