Direct Accountancy Solutions Ltd

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direct accountancy solutions ltd Company Information

Live

EstablishedMicroDeclining

Company Number

07660178

Website

www.directaccountancysolutions.com

Registered Address

84 katherine road, london, E6 1EN

Industry

Bookkeeping activities

Tax consultancy

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Telephone

02085867615

Next Accounts Due

March 2025

Group Structure

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Directors

Faisal Afzaal7 Years

Shareholders

faisal afzaal 100%

direct accountancy solutions ltd Estimated Valuation

£348.6k

Pomanda estimates the enterprise value of DIRECT ACCOUNTANCY SOLUTIONS LTD at £348.6k based on Net Assets of £94.9k and 3.67x industry multiple (adjusted for liquidity).

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Direct Accountancy Solutions Ltd is a live company located in london, E6 1EN with a Companies House number of 07660178. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in June 2011, it's largest shareholder is faisal afzaal with a 100% stake. Direct Accountancy Solutions Ltd is a established, micro sized company, Pomanda has estimated its turnover at £262.6k with declining growth in recent years.

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Pomanda's financial health check has awarded Direct Accountancy Solutions Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

4 Strong

1 Regular

5 Weak

Size

annual sales of £262.6k, make it larger than the average company (£147k)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (5%)

EXPORT

Direct Accountancy Solutions Ltd's latest turnover from June 2023 is estimated at £262.6 thousand and the company has net assets of £94.9 thousand. According to their latest financial statements, Direct Accountancy Solutions Ltd has 8 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	262,634	243,022	241,164	289,601	83,302	30,043	30,421	72,437	26,383	27,537	25,268	27,177
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	156,660	147,258	142,035	134,748	32,660	12,994	13,298	33,746	9,801	10,749	8,607	12,464
Gross Profit	105,975	95,763	99,129	154,852	50,642	17,049	17,123	38,691	16,582	16,788	16,661	14,713
Admin Expenses	97,446	93,757	64,607	99,074	45,567	11,375	13,055	34,350	10,393	11,883	12,572	28,458
Operating Profit	8,529	2,006	34,522	55,778	5,075	5,674	4,068	4,341	6,189	4,905	4,089	-13,745
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	1	9	23	21	6
Pre-Tax Profit	8,529	2,006	34,522	55,778	5,075	5,674	4,068	4,343	6,199	4,928	4,110	-13,739
Tax	-2,132	-381	-6,559	-10,598	-964	-1,078	-773	-868	-1,240	-1,035	-945	0
Profit After Tax	6,397	1,625	27,963	45,180	4,111	4,596	3,295	3,474	4,959	3,893	3,165	-13,739
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	6,397	1,625	27,963	45,180	4,111	4,596	3,295	3,474	4,959	3,893	3,165	-13,739
Employee Costs	215,750	188,005	157,371	138,267	28,185	27,860	27,756	33,005	34,270	33,898	34,192	30,683
Number Of Employees	8	7	7	7	1	1	1	1	1	1	1	1
EBITDA*	8,529	2,006	34,522	55,778	5,075	5,674	4,068	4,341	7,276	5,970	5,337	-12,105

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	1,402	1,752	2,190	2,737	3,421	3,026	2,702	3,478	4,347	4,262	5,002	6,560
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,402	1,752	2,190	2,737	3,421	3,026	2,702	3,478	4,347	4,262	5,002	6,560
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	127,066	128,955	164,036	165,461	42,108	14,772	11,158	22,376	7,099	6,700	6,600	5,900
Group Debtors	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
Cash	0	0	0	0	0	0	0	0	575	3,159	5,843	2,591
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	127,066	128,955	164,036	165,461	42,108	14,772	11,158	22,376	7,674	9,859	12,443	8,491
total assets	128,468	130,707	166,226	168,198	45,529	17,798	13,860	25,854	12,021	14,121	17,445	15,051
Bank overdraft	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
Trade Creditors	33,549	37,936	49,891	79,264	31,775	8,155	8,813	24,102	13,742	20,801	28,018	28,789
Group/Directors Accounts	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
hp & lease commitments	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
total current liabilities	33,549	37,936	49,891	79,264	31,775	8,155	8,813	24,102	13,742	20,801	28,018	28,789
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	4,249	29,438	30,000	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	4,249	29,438	30,000	0	0	0	0	0	0	0	0
total liabilities	33,549	42,185	79,329	109,264	31,775	8,155	8,813	24,102	13,742	20,801	28,018	28,789
net assets	94,919	88,522	86,897	58,934	13,754	9,643	5,047	1,752	-1,721	-6,680	-10,573	-13,738
total shareholders funds	94,919	88,522	86,897	58,934	13,754	9,643	5,047	1,752	-1,721	-6,680	-10,573	-13,738

	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	8,529	2,006	34,522	55,778	5,075	5,674	4,068	4,341	6,189	4,905	4,089	-13,745
Depreciation	0	0	0	0	0	0	0	0	1,087	1,065	1,248	1,640
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,132	-381	-6,559	-10,598	-964	-1,078	-773	-868	-1,240	-1,035	-945	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-1,889	-35,081	-1,425	123,353	27,336	3,614	-11,218	15,277	399	100	700	5,900
Creditors	-4,387	-11,955	-29,373	47,489	23,620	-658	-15,289	10,360	-7,059	-7,217	-771	28,789
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	3,899	24,751	15	-30,684	395	324	-776	-1,444	-1,422	-2,382	2,921	10,784
Investing Activities
capital expenditure	350	438	547	684	-395	-324	776	869	-1,172	-325	310	-8,200
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	350	438	547	684	-395	-324	776	869	-1,172	-325	310	-8,200
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	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-4,249	-25,189	-562	30,000	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	-1	0	0	0	1
interest	0	0	0	0	0	0	0	1	9	23	21	6
cash flow from financing	-4,249	-25,189	-562	30,000	0	0	0	0	9	23	21	7
cash and cash equivalents
cash	0	0	0	0	0	0	0	-575	-2,584	-2,684	3,252	2,591
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-575	-2,584	-2,684	3,252	2,591

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DIRECT ACCOUNTANCY SOLUTIONS LTD group structure

Direct Accountancy Solutions Ltd has no subsidiary companies.

Ultimate parent company

DIRECT ACCOUNTANCY SOLUTIONS LTD

07660178

DIRECT ACCOUNTANCY SOLUTIONS LTD Shareholders

faisal afzaal

100%

Direct Accountancy Solutions Ltd currently has 1 director, Mr Faisal Afzaal serving since Jul 2017.

officer	country	age	start	end	role
Mr Faisal Afzaal	England	50 years	Jul 2017	-	Director

P&L

June 2023

turnover

262.6k

+8%

operating profit

8.5k

gross margin

40.4%

+2.4%

turnover

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

Balance Sheet

June 2023

net assets

94.9k

+0.07%

total assets

128.5k

-0.02%

cash

net assets

Total assets minus all liabilities

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company number

07660178

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

69202 - Bookkeeping activities

69203 - Tax consultancy

incorporation date

June 2011

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

84 katherine road, london, E6 1EN

last accounts submitted

June 2023

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 direct accountancy solutions ltd. Currently there are 0 open charges and 1 have been satisfied in the past.

direct accountancy solutions ltd Company Information

direct accountancy solutions ltd Estimated Valuation

direct accountancy solutions ltd Estimated Valuation

direct accountancy solutions ltd Estimated Valuation

Direct Accountancy Solutions Ltd Overview

Direct Accountancy Solutions Ltd Health Check

DIRECT ACCOUNTANCY SOLUTIONS LTD financials

direct accountancy solutions ltd Credit Report and Business Information

Direct Accountancy Solutions Ltd Competitor Analysis

direct accountancy solutions ltd Ownership

direct accountancy solutions ltd directors

direct accountancy solutions ltd company details

direct accountancy solutions ltd Charges & Mortgages

direct accountancy solutions ltd Companies House Filings - See Documents