Accrue Bookkeeping Services Ltd

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accrue bookkeeping services ltd Company Information

Live

EstablishedMicroRapid

Company Number

07657101

Website

https://accruebookkeeping.co.uk

Registered Address

62 seymour grove, manchester, M16 0LN

Industry

Bookkeeping activities

Telephone

Next Accounts Due

March 2026

Group Structure

View All

Directors

Arian Mufid13 Years

Shareholders

arian mufid 100%

accrue bookkeeping services ltd Estimated Valuation

£71.7k

Pomanda estimates the enterprise value of ACCRUE BOOKKEEPING SERVICES LTD at £71.7k based on a Turnover of £85.2k and 0.84x industry multiple (adjusted for size and gross margin).

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Accrue Bookkeeping Services Ltd is a live company located in manchester, M16 0LN with a Companies House number of 07657101. It operates in the bookkeeping activities sector, SIC Code 69202. Founded in June 2011, it's largest shareholder is arian mufid with a 100% stake. Accrue Bookkeeping Services Ltd is a established, micro sized company, Pomanda has estimated its turnover at £85.2k with rapid growth in recent years.

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Pomanda's financial health check has awarded Accrue Bookkeeping Services Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 0 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

6 Regular

0 Weak

Size

annual sales of £85.2k, make it in line with the average company (£80.2k)

Growth

3 year (CAGR) sales growth of 36%, show it is growing at a faster rate (5.4%)

EXPORT

Accrue Bookkeeping Services Ltd's latest turnover from June 2024 is estimated at £85.2 thousand and the company has net assets of £10.3 thousand. According to their latest financial statements, Accrue Bookkeeping Services Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012
Turnover	85,244	86,677	43,265	33,678	52,516	907	1,946	51,222	28,927	709,938	339,568	34,039	15,080
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	39,065	22,180	12,802	2,456	5,772	48	96	3,254	1,839	61,460	32,416	2,574	1,413
Gross Profit	46,179	64,497	30,463	31,222	46,743	859	1,850	47,968	27,089	648,478	307,152	31,465	13,667
Admin Expenses	37,702	54,874	29,349	48,929	33,361	10,220	7,364	35,881	57,785	635,019	297,124	21,141	5,363
Operating Profit	8,477	9,623	1,114	-17,707	13,382	-9,361	-5,514	12,087	-30,696	13,459	10,028	10,324	8,304
Interest Payable	0	0	0	610	693	642	1,065	1,319	838	0	0	0	0
Interest Receivable	0	0	9	12	12	4	6	4	5	70	99	42	11
Pre-Tax Profit	8,477	9,623	1,123	-18,305	12,701	-9,999	-6,572	10,772	-31,529	13,529	10,127	10,366	8,316
Tax	-2,119	-2,406	-213	0	-2,413	0	0	-2,047	0	-2,706	-2,127	-2,384	-1,996
Profit After Tax	6,358	7,217	910	-18,305	10,288	-9,999	-6,572	8,725	-31,529	10,823	8,000	7,982	6,320
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	6,358	7,217	910	-18,305	10,288	-9,999	-6,572	8,725	-31,529	10,823	8,000	7,982	6,320
Employee Costs	35,712	30,724	32,964	30,851	13,531	12,930	19,631	23,023	23,368	547,238	246,460	28,328	28,564
Number Of Employees	2	2	2	2	1	1	1	1	1	18	11	1	1
EBITDA*	8,477	9,623	1,114	-15,161	16,563	-5,384	-543	18,301	-23,353	20,302	15,545	10,324	8,304

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012
Tangible Assets	8,293	6,517	8,146	10,182	12,728	15,909	19,886	24,857	31,071	29,071	20,583	12,940	7,425
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	8,293	6,517	8,146	10,182	12,728	15,909	19,886	24,857	31,071	29,071	20,583	12,940	7,425
Stock & work in progress	4,521	4,612	4,422	3,500	1,661	1,550	3,550	0	1,500	8,650	7,000	0	0
Trade Debtors	15,050	15,050	6,050	5,500	0	0	0	0	0	106,834	38,152	3,840	1,450
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	68,891	64,891	59,391	0	0	0	0
Cash	0	0	0	1,500	22,863	536	536	1,905	1,569	587	27,290	12,258	4,528
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	19,571	19,662	10,472	10,500	24,524	2,086	72,977	66,796	62,460	116,071	72,442	16,098	5,978
total assets	27,864	26,179	18,618	20,682	37,252	17,995	92,863	91,653	93,531	145,142	93,025	29,038	13,403
Bank overdraft	0	0	0	0	0	2,713	16,321	16,434	25,782	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	9,867	10,298	6,149	5,242	0	0	0	0	4,150	111,917	70,623	14,636	6,983
Group/Directors Accounts	0	0	0	0	0	2,546	1,094	269	368	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	0	0	0	0	3,114	8,886	71,599	64,529	61,535	0	0	0	0
total current liabilities	9,867	10,298	6,149	5,242	3,114	14,145	89,014	81,232	91,835	111,917	70,623	14,636	6,983
loans	0	0	0	0	20,000	0	0	0	0	0	0	0	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	7,679	11,921	15,726	19,607	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	7,679	11,921	15,726	19,607	20,000	0	0	0	0	0	0	0	0
total liabilities	17,546	22,219	21,875	24,849	23,114	14,145	89,014	81,232	91,835	111,917	70,623	14,636	6,983
net assets	10,318	3,960	-3,257	-4,167	14,138	3,850	3,849	10,421	1,696	33,225	22,402	14,402	6,420
total shareholders funds	10,318	3,960	-3,257	-4,167	14,138	3,850	3,849	10,421	1,696	33,225	22,402	14,402	6,420

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012
Operating Activities
Operating Profit	8,477	9,623	1,114	-17,707	13,382	-9,361	-5,514	12,087	-30,696	13,459	10,028	10,324	8,304
Depreciation	0	0	0	2,546	3,181	3,977	4,971	6,214	7,343	6,843	5,517	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,119	-2,406	-213	0	-2,413	0	0	-2,047	0	-2,706	-2,127	-2,384	-1,996
Stock	-91	190	922	1,839	111	-2,000	3,550	-1,500	-7,150	1,650	7,000	0	0
Debtors	0	9,000	550	5,500	0	-68,891	4,000	5,500	-47,443	68,682	34,312	2,390	1,450
Creditors	-431	4,149	907	5,242	0	0	0	-4,150	-107,767	41,294	55,987	7,653	6,983
Accruals and Deferred Income	0	0	0	-3,114	-5,772	-62,713	7,070	2,994	61,535	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	6,018	2,176	336	-20,372	8,267	2,794	-1,023	11,098	-14,992	-11,442	28,093	13,203	11,841
Investing Activities
capital expenditure	-1,776	1,629	2,036	0	0	0	0	0	-9,343	-15,331	-13,160	-5,515	-7,425
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,776	1,629	2,036	0	0	0	0	0	-9,343	-15,331	-13,160	-5,515	-7,425
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-2,546	1,452	825	-99	368	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	-20,000	20,000	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
other long term liabilities	-4,242	-3,805	-3,881	19,607	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	10,000	0	0	0	0	0	0	100
interest	0	0	9	-598	-681	-638	-1,059	-1,315	-833	70	99	42	11
cash flow from financing	-4,242	-3,805	-3,872	-991	16,773	10,814	-234	-1,414	-465	70	99	42	111
cash and cash equivalents
cash	0	0	-1,500	-21,363	22,327	0	-1,369	336	982	-26,703	15,032	7,730	4,528
overdraft	0	0	0	0	-2,713	-13,608	-113	-9,348	25,782	0	0	0	0
change in cash	0	0	-1,500	-21,363	25,040	13,608	-1,256	9,684	-24,800	-26,703	15,032	7,730	4,528

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for accrue bookkeeping services ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in M16 area or any other competitors across 12 key performance metrics.

ACCRUE BOOKKEEPING SERVICES LTD group structure

Accrue Bookkeeping Services Ltd has no subsidiary companies.

Ultimate parent company

ACCRUE BOOKKEEPING SERVICES LTD

07657101

ACCRUE BOOKKEEPING SERVICES LTD Shareholders

arian mufid

100%

Accrue Bookkeeping Services Ltd currently has 1 director, Mr Arian Mufid serving since Jun 2011.

officer	country	age	start	end	role
Mr Arian Mufid		61 years	Jun 2011	-	Director

P&L

June 2024

turnover

85.2k

-2%

operating profit

8.5k

gross margin

54.2%

-27.2%

turnover

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

Balance Sheet

June 2024

net assets

10.3k

+1.61%

total assets

27.9k

+0.06%

cash

net assets

Total assets minus all liabilities

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company number

07657101

Type

Private limited with Share Capital

industry

69202 - Bookkeeping activities

incorporation date

June 2011

ultimate parent company

None

previous names

mufid and co limited (February 2020)

address

62 seymour grove, manchester, M16 0LN

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 accrue bookkeeping services ltd.

accrue bookkeeping services ltd Company Information

accrue bookkeeping services ltd Estimated Valuation

accrue bookkeeping services ltd Estimated Valuation

accrue bookkeeping services ltd Estimated Valuation

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ACCRUE BOOKKEEPING SERVICES LTD financials

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