Smith & Co Accountants Limited

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smith & co accountants limited Company Information

Live

EstablishedSmallDeclining

Company Number

07602208

Website

www.smithcoaccounts.com

Registered Address

office g2, tanfield lea business centre, stanley, co. durham, DH9 9DB

Industry

Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

Telephone

01207234203

Next Accounts Due

December 2024

Group Structure

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Directors

Paul Smith13 Years

Laura Smith3 Years

Shareholders

paul smith 51%

laura smith 49%

smith & co accountants limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of SMITH & CO ACCOUNTANTS LIMITED at £1.3m based on Net Assets of £573.2k and 2.27x industry multiple (adjusted for liquidity).

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Smith & Co Accountants Limited is a live company located in stanley, DH9 9DB with a Companies House number of 07602208. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in April 2011, it's largest shareholder is paul smith with a 51% stake. Smith & Co Accountants Limited is a established, small sized company, Pomanda has estimated its turnover at £649.3k with declining growth in recent years.

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Pomanda's financial health check has awarded Smith & Co Accountants Limited a 4.5 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 Rating4.5out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £649.3k, make it smaller than the average company (£1.6m)

Growth

3 year (CAGR) sales growth of -19%, show it is growing at a slower rate (5.5%)

EXPORT

Smith & Co Accountants Limited's latest turnover from March 2023 is estimated at £649.3 thousand and the company has net assets of £573.2 thousand. According to their latest financial statements, Smith & Co Accountants Limited has 14 employees and maintains cash reserves of £516.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012
Turnover	649,348	737,263	884,941	1,208,113	1,236,159	7,095	4,755	1,808	36,677	33,097	3,554	6,262
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	359,176	409,062	488,889	652,231	638,874	3,837	2,379	889	18,200	16,743	1,751	3,070
Gross Profit	290,172	328,201	396,052	555,883	597,285	3,258	2,376	918	18,477	16,353	1,804	3,192
Admin Expenses	66,339	170,817	207,820	487,482	501,218	2,980	2,388	11,123	16,101	5,876	2,166	1,584
Operating Profit	223,833	157,384	188,232	68,401	96,067	278	-12	-10,205	2,376	10,477	-362	1,608
Interest Payable	21,487	20,021	10,285	0	0	0	0	0	0	0	0	0
Interest Receivable	20,275	2,954	255	137	436	0	1	11	22	16	8	5
Pre-Tax Profit	222,621	140,317	178,201	68,538	96,502	278	-11	-10,194	2,398	10,492	-354	1,613
Tax	-42,298	-26,660	-33,858	-13,022	-18,335	-53	0	0	-479	-2,203	0	-387
Profit After Tax	180,323	113,657	144,343	55,516	78,167	225	-11	-10,194	1,918	8,289	-354	1,226
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	180,323	113,657	144,343	55,516	78,167	225	-11	-10,194	1,918	8,289	-354	1,226
Employee Costs	660,847	663,727	635,285	632,124	637,122	42,840	42,168	42,807	42,944	41,816	40,110	39,378
Number Of Employees	14	15	15	15	15	1	1	1	1	1	1	1
EBITDA*	261,922	189,403	218,835	96,604	96,067	278	-12	-9,930	2,786	10,784	52	1,973

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012
Tangible Assets	49,963	21,798	25,170	30,618	25,664	654	976	557	832	623	840	740
Intangible Assets	0	236,595	256,311	276,037	292,102	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	49,963	258,393	281,481	306,655	317,766	654	976	557	832	623	840	740
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	43,862	66,961	115,306	158,386	189,485	1,307	751	200	7,176	5,806	282	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	225,377	15,219	18,211	0	0	0	0	0	0	0	0	0
Cash	516,919	437,214	350,572	158,733	116,191	0	0	672	3,712	5,047	1,219	1,900
misc current assets	0	0	368	0	0	0	0	0	0	0	0	0
total current assets	786,158	519,394	484,457	317,119	305,676	1,307	751	872	10,888	10,853	1,501	1,900
total assets	836,121	777,787	765,938	623,774	623,442	1,961	1,727	1,429	11,720	11,476	2,341	2,640
Bank overdraft	33,333	42,500	77,094	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	17,937	22,285	22,327	147,132	123,465	852	840	534	631	2,305	1,459	1,404
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	2,391	1,164	411	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	81,721	106,706	127,263	0	0	0	0	0	0	0	0	0
total current liabilities	135,382	172,655	227,095	147,132	123,465	852	840	534	631	2,305	1,459	1,404
loans	127,534	212,340	259,708	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	13	0	0	0	0	0
other liabilities	0	0	0	341,850	420,701	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	127,534	212,340	259,708	341,850	420,701	0	13	0	0	0	0	0
total liabilities	262,916	384,995	486,803	488,982	544,166	852	853	534	631	2,305	1,459	1,404
net assets	573,205	392,792	279,135	134,792	79,276	1,109	874	895	11,089	9,171	882	1,236
total shareholders funds	573,205	392,792	279,135	134,792	79,276	1,109	874	895	11,089	9,171	882	1,236

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012
Operating Activities
Operating Profit	223,833	157,384	188,232	68,401	96,067	278	-12	-10,205	2,376	10,477	-362	1,608
Depreciation	18,373	12,303	10,877	8,486	0	0	0	275	410	307	414	365
Amortisation	19,716	19,716	19,726	19,717	0	0	0	0	0	0	0	0
Tax	-42,298	-26,660	-33,858	-13,022	-18,335	-53	0	0	-479	-2,203	0	-387
Stock	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	187,059	-51,337	-24,869	-31,099	188,178	556	551	-6,976	1,370	5,524	282	0
Creditors	-4,348	-42	-124,805	23,667	122,613	12	306	-97	-1,674	846	55	1,404
Accruals and Deferred Income	-24,985	-20,557	127,263	0	0	-13	13	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	3,232	193,481	212,304	138,348	12,167	-332	-244	-3,051	-737	3,903	-175	2,990
Investing Activities
capital expenditure	170,341	-8,931	-5,429	-17,092	-317,112	322	-419	0	-619	-90	-514	-1,105
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	170,341	-8,931	-5,429	-17,092	-317,112	322	-419	0	-619	-90	-514	-1,105
Financing Activities
Bank loans	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
Other Short Term Loans	1,227	753	411	0	0	0	0	0	0	0	0	0
Long term loans	-84,806	-47,368	259,708	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
other long term liabilities	0	0	-341,850	-78,851	420,701	0	0	0	0	0	0	0
share issue	90	0	0	0	0	10	-10	0	0	0	0	10
interest	-1,212	-17,067	-10,030	137	436	0	1	11	22	16	8	5
cash flow from financing	-84,701	-63,682	-91,761	-78,714	421,137	10	-9	11	22	16	8	15
cash and cash equivalents
cash	79,705	86,642	191,839	42,542	116,191	0	-672	-3,040	-1,335	3,828	-681	1,900
overdraft	-9,167	-34,594	77,094	0	0	0	0	0	0	0	0	0
change in cash	88,872	121,236	114,745	42,542	116,191	0	-672	-3,040	-1,335	3,828	-681	1,900

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SMITH & CO ACCOUNTANTS LIMITED group structure

Smith & Co Accountants Limited has no subsidiary companies.

Ultimate parent company

SMITH & CO ACCOUNTANTS LIMITED

07602208

SMITH & CO ACCOUNTANTS LIMITED Shareholders

paul smith	51%
laura smith	49%

Smith & Co Accountants Limited currently has 2 directors. The longest serving directors include Mr Paul Smith (Apr 2011) and Mrs Laura Smith (Oct 2021).

officer	country	age	start	end	role
Mr Paul Smith	England	47 years	Apr 2011	-	Director
Mrs Laura Smith	England	44 years	Oct 2021	-	Director

P&L

March 2023

turnover

649.3k

-12%

operating profit

223.8k

gross margin

44.7%

+0.38%

turnover

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

Balance Sheet

March 2023

net assets

573.2k

+0.46%

total assets

836.1k

+0.07%

cash

516.9k

+0.18%

net assets

Total assets minus all liabilities

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company number

07602208

Type

Private limited with Share Capital

industry

74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

incorporation date

April 2011

ultimate parent company

None

previous names

mithras tax limited (September 2018)

address

office g2, tanfield lea business centre, stanley, co. durham, DH9 9DB

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 smith & co accountants limited. Currently there are 0 open charges and 1 have been satisfied in the past.

smith & co accountants limited Company Information

smith & co accountants limited Estimated Valuation

smith & co accountants limited Estimated Valuation

smith & co accountants limited Estimated Valuation

Smith & Co Accountants Limited Overview

Smith & Co Accountants Limited Health Check

SMITH & CO ACCOUNTANTS LIMITED financials

smith & co accountants limited Credit Report and Business Information

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smith & co accountants limited Ownership

smith & co accountants limited directors

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