Ministry Of Software Limited

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ministry of software limited Company Information

Live

EstablishedMicroDeclining

Company Number

07963087

Website

www.ministryofsoftware.co.uk

Registered Address

34 watleys end road, winterbourne, bristol, BS36 1PQ

Industry

Business and domestic software development

Telephone

01451850798

Next Accounts Due

December 2024

Group Structure

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Directors

Caroline Hughes12 Years

Stephen Hughes12 Years

Shareholders

stephen lloyd hughes 100%

ministry of software limited Estimated Valuation

£47.1k

Pomanda estimates the enterprise value of MINISTRY OF SOFTWARE LIMITED at £47.1k based on a Turnover of £76k and 0.62x industry multiple (adjusted for size and gross margin).

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Ministry Of Software Limited is a live company located in bristol, BS36 1PQ with a Companies House number of 07963087. It operates in the business and domestic software development sector, SIC Code 62012. Founded in February 2012, it's largest shareholder is stephen lloyd hughes with a 100% stake. Ministry Of Software Limited is a established, micro sized company, Pomanda has estimated its turnover at £76k with declining growth in recent years.

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Pomanda's financial health check has awarded Ministry Of Software Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

4 Regular

5 Weak

Size

annual sales of £76k, make it smaller than the average company (£3m)

Growth

3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (8.3%)

EXPORT

Ministry Of Software Limited's latest turnover from March 2023 is estimated at £76 thousand and the company has net assets of £6.7 thousand. According to their latest financial statements, Ministry Of Software Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Turnover	76,041	60,631	75,739	139,909	168,399	39,002	97,866	5,263	207,907	28,320	11,418
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	44,350	33,868	43,096	79,452	97,682	22,891	55,341	2,983	113,012	15,909	6,109
Gross Profit	31,691	26,764	32,643	60,457	70,717	16,111	42,525	2,280	94,895	12,411	5,309
Admin Expenses	29,381	45,018	62,084	43,451	32,195	45,344	33,530	12,438	67,671	31,555	-43,156
Operating Profit	2,310	-18,254	-29,441	17,006	38,522	-29,233	8,995	-10,158	27,224	-19,144	48,465
Interest Payable	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	44	166	124	147	100
Pre-Tax Profit	2,310	-18,254	-29,441	17,006	38,522	-29,233	9,039	-9,992	27,348	-18,997	48,566
Tax	-439	0	0	-3,231	-7,319	0	-1,808	0	-5,743	0	-11,656
Profit After Tax	1,871	-18,254	-29,441	13,775	31,203	-29,233	7,231	-9,992	21,605	-18,997	36,910
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,871	-18,254	-29,441	13,775	31,203	-29,233	7,231	-9,992	21,605	-18,997	36,910
Employee Costs	129,786	120,875	56,602	57,284	60,338	58,521	56,856	54,005	107,411	54,377	52,300
Number Of Employees	2	2	1	1	1	1	1	1	2	1	1
EBITDA*	2,310	-18,254	-29,441	17,006	38,522	-29,233	8,995	-8,335	28,461	-17,820	49,825

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Tangible Assets	3,510	3,868	3,100	3,049	5,365	5,068	6,303	5,470	3,709	3,968	4,079
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	3,510	3,868	3,100	3,049	5,365	5,068	6,303	5,470	3,709	3,968	4,079
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	13,397	6,435	30,508	70,873	83,433	7,016	40,109	1,200	60,827	7,542	2,924
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	86	132	119	24	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	35,398	31,154	18,510	40,128
misc current assets	0	0	0	0	65	128	0	0	0	0	0
total current assets	13,483	6,567	30,627	70,897	83,498	7,144	40,109	36,598	91,981	26,052	43,052
total assets	16,993	10,435	33,727	73,946	88,863	12,212	46,412	42,068	95,690	30,020	47,131
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	9,559	4,703	10,066	20,844	47,136	4,088	9,655	12,540	56,170	12,105	10,219
Group/Directors Accounts	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
hp & lease commitments	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
total current liabilities	9,559	4,703	10,066	20,844	47,136	4,088	9,655	12,540	56,170	12,105	10,219
loans	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
Accruals and Deferred Income	756	925	600	600	3,000	600	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	756	925	600	600	3,000	600	0	0	0	0	0
total liabilities	10,315	5,628	10,666	21,444	50,136	4,688	9,655	12,540	56,170	12,105	10,219
net assets	6,678	4,807	23,061	52,502	38,727	7,524	36,757	29,528	39,520	17,915	36,912
total shareholders funds	6,678	4,807	23,061	52,502	38,727	7,524	36,757	29,528	39,520	17,915	36,912

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Operating Activities
Operating Profit	2,310	-18,254	-29,441	17,006	38,522	-29,233	8,995	-10,158	27,224	-19,144	48,465
Depreciation	0	0	0	0	0	0	0	1,823	1,237	1,324	1,360
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	-439	0	0	-3,231	-7,319	0	-1,808	0	-5,743	0	-11,656
Stock	0	0	0	0	0	0	0	0	0	0	0
Debtors	6,916	-24,060	-40,270	-12,536	76,417	-33,093	38,909	-59,627	53,285	4,618	2,924
Creditors	4,856	-5,363	-10,778	-26,292	43,048	-5,567	-2,885	-43,630	44,065	1,886	10,219
Accruals and Deferred Income	-169	325	0	-2,400	2,400	600	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-358	768	51	-2,381	234	-1,107	-34,607	7,662	13,498	-20,552	45,464
Investing Activities
capital expenditure	358	-768	-51	2,316	-297	1,235	-833	-3,584	-978	-1,213	-5,439
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	358	-768	-51	2,316	-297	1,235	-833	-3,584	-978	-1,213	-5,439
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	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
share issue	0	0	0	0	0	0	-2	0	0	0	2
interest	0	0	0	0	0	0	44	166	124	147	100
cash flow from financing	0	0	0	0	0	0	42	166	124	147	102
cash and cash equivalents
cash	0	0	0	0	0	0	-35,398	4,244	12,644	-21,618	40,128
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-35,398	4,244	12,644	-21,618	40,128

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MINISTRY OF SOFTWARE LIMITED group structure

Ministry Of Software Limited has no subsidiary companies.

Ultimate parent company

MINISTRY OF SOFTWARE LIMITED

07963087

MINISTRY OF SOFTWARE LIMITED Shareholders

stephen lloyd hughes

100%

Ministry Of Software Limited currently has 2 directors. The longest serving directors include Mrs Caroline Hughes (Feb 2012) and Mr Stephen Hughes (Feb 2012).

officer	country	age	start	end	role
Mrs Caroline Hughes	England	48 years	Feb 2012	-	Director
Mr Stephen Hughes	England	52 years	Feb 2012	-	Director

P&L

March 2023

turnover

76k

+25%

operating profit

2.3k

gross margin

41.7%

-5.59%

turnover

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

Balance Sheet

March 2023

net assets

6.7k

+0.39%

total assets

17k

+0.63%

cash

net assets

Total assets minus all liabilities

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company number

07963087

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

February 2012

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

34 watleys end road, winterbourne, bristol, BS36 1PQ

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 ministry of software limited.

ministry of software limited Company Information

ministry of software limited Estimated Valuation

ministry of software limited Estimated Valuation

ministry of software limited Estimated Valuation

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