reliance accounting solutions ltd
reliance accounting solutions ltd Company Information
Company Number
08338975
Next Accounts
34 days late
Shareholders
mohamed hassan visram
Group Structure
View All
Industry
Tax consultancy
+2Registered Address
91-92 charles henry street, birmingham, B12 0SJ
reliance accounting solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of RELIANCE ACCOUNTING SOLUTIONS LTD at £55.2k based on a Turnover of £67.5k and 0.82x industry multiple (adjusted for size and gross margin).
reliance accounting solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of RELIANCE ACCOUNTING SOLUTIONS LTD at £77 based on an EBITDA of £16 and a 4.81x industry multiple (adjusted for size and gross margin).
reliance accounting solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of RELIANCE ACCOUNTING SOLUTIONS LTD at £802 based on Net Assets of £225 and 3.57x industry multiple (adjusted for liquidity).
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Reliance Accounting Solutions Ltd Overview
Reliance Accounting Solutions Ltd is a live company located in birmingham, B12 0SJ with a Companies House number of 08338975. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in December 2012, it's largest shareholder is mohamed hassan visram with a 100% stake. Reliance Accounting Solutions Ltd is a established, micro sized company, Pomanda has estimated its turnover at £67.5k with high growth in recent years.
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Reliance Accounting Solutions Ltd Health Check
Pomanda's financial health check has awarded Reliance Accounting Solutions Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
4 Weak
Size
annual sales of £67.5k, make it smaller than the average company (£168.8k)
- Reliance Accounting Solutions Ltd
£168.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (5.1%)
- Reliance Accounting Solutions Ltd
5.1% - Industry AVG
Production
with a gross margin of 81.5%, this company has a comparable cost of product (81.5%)
- Reliance Accounting Solutions Ltd
81.5% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (10.6%)
- Reliance Accounting Solutions Ltd
10.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (3)
1 - Reliance Accounting Solutions Ltd
3 - Industry AVG
Pay Structure
on an average salary of £31.1k, the company has an equivalent pay structure (£31.1k)
- Reliance Accounting Solutions Ltd
£31.1k - Industry AVG
Efficiency
resulting in sales per employee of £67.5k, this is equally as efficient (£67.5k)
- Reliance Accounting Solutions Ltd
£67.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Reliance Accounting Solutions Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Reliance Accounting Solutions Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Reliance Accounting Solutions Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 80 weeks, this is more cash available to meet short term requirements (39 weeks)
80 weeks - Reliance Accounting Solutions Ltd
39 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.8%, this is a higher level of debt than the average (53%)
98.8% - Reliance Accounting Solutions Ltd
53% - Industry AVG
RELIANCE ACCOUNTING SOLUTIONS LTD financials
Reliance Accounting Solutions Ltd's latest turnover from March 2023 is estimated at £67.5 thousand and the company has net assets of £225. According to their latest financial statements, Reliance Accounting Solutions Ltd has 1 employee and maintains cash reserves of £17.4 thousand 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 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | ||||||||||
| Gross Profit | ||||||||||
| Admin Expenses | ||||||||||
| Operating Profit | ||||||||||
| Interest Payable | ||||||||||
| Interest Receivable | ||||||||||
| Pre-Tax Profit | ||||||||||
| Tax | ||||||||||
| Profit After Tax | ||||||||||
| Dividends Paid | ||||||||||
| Retained Profit | ||||||||||
| Employee Costs | ||||||||||
| Number Of Employees | 1 | 2 | 2 | 1 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,682 | 1,682 | 1,089 | 641 | 1,440 | 1,194 | 1,405 | 1,653 | 1,445 | 1,700 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 1,682 | 1,682 | 1,089 | 641 | 1,440 | 1,194 | 1,405 | 1,653 | 1,445 | 1,700 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 17,404 | 16,740 | 7,347 | 10,318 | 10,632 | 12,310 | 1,680 | 930 | 2,280 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 400 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 17,404 | 0 | 0 | 0 | 0 | 0 | 0 | 11,157 | 5,997 | 1,322 |
| misc current assets | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 290 | 290 | 290 |
| total current assets | 17,405 | 17,404 | 17,140 | 7,347 | 10,318 | 10,632 | 12,310 | 13,127 | 7,217 | 3,892 |
| total assets | 19,087 | 19,086 | 18,229 | 7,988 | 11,758 | 11,826 | 13,715 | 14,780 | 8,662 | 5,592 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 11,290 | 8,070 | 7,107 | 2,160 | 0 | 6,929 | 11,591 | 7,446 | 5,438 |
| Group/Directors Accounts | 8,322 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,969 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 11,291 | 11,290 | 8,070 | 7,107 | 2,160 | 0 | 6,929 | 11,591 | 7,446 | 5,438 |
| loans | 7,571 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 7,571 | 9,000 | 0 | 0 | 2,859 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 7,571 | 7,571 | 9,000 | 0 | 0 | 2,859 | 0 | 0 | 0 | 0 |
| total liabilities | 18,862 | 18,861 | 17,070 | 7,107 | 2,160 | 2,859 | 6,929 | 11,591 | 7,446 | 5,438 |
| net assets | 225 | 225 | 1,159 | 881 | 9,598 | 8,967 | 6,786 | 3,189 | 1,216 | 154 |
| total shareholders funds | 225 | 225 | 1,159 | 881 | 9,598 | 8,967 | 6,786 | 3,189 | 1,216 | 154 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 0 | 292 | 255 | 300 | ||||||
| Amortisation | 0 | 0 | 0 | 0 | ||||||
| Tax | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -17,404 | 264 | 9,793 | -2,971 | -314 | -1,678 | 10,630 | 1,680 | -1,350 | 2,280 |
| Creditors | -11,290 | 3,220 | 963 | 4,947 | 2,160 | -6,929 | -4,662 | 11,591 | 2,008 | 5,438 |
| Accruals and Deferred Income | 2,969 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 8,322 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 7,571 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -7,571 | -1,429 | 9,000 | 0 | -2,859 | 2,859 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 17,404 | 0 | 0 | 0 | 0 | 0 | -11,157 | 11,157 | 4,675 | 1,322 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 17,404 | 0 | 0 | 0 | 0 | 0 | -11,157 | 11,157 | 4,675 | 1,322 |
reliance accounting solutions ltd Credit Report and Business Information
Reliance Accounting Solutions Ltd Competitor Analysis
Perform a competitor analysis for reliance accounting solutions ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in B12 area or any other competitors across 12 key performance metrics.
reliance accounting solutions ltd Ownership
RELIANCE ACCOUNTING SOLUTIONS LTD group structure
Reliance Accounting Solutions Ltd has no subsidiary companies.
Ultimate parent company
RELIANCE ACCOUNTING SOLUTIONS LTD
08338975
reliance accounting solutions ltd directors
Reliance Accounting Solutions Ltd currently has 2 directors. The longest serving directors include Mr Mohamed Visram (Dec 2012) and Miss Sakina Nanji (Dec 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mohamed Visram | England | 43 years | Dec 2012 | - | Director |
| Miss Sakina Nanji | England | 35 years | Dec 2022 | - | Director |
P&L
March 2023turnover
67.5k
-28%
operating profit
16.2
0%
gross margin
81.6%
+1.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
225
0%
total assets
19.1k
0%
cash
17.4k
0%
net assets
Total assets minus all liabilities
reliance accounting solutions ltd company details
company number
08338975
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
69203 - Tax consultancy
69202 - Bookkeeping activities
incorporation date
December 2012
age
13
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
91-92 charles henry street, birmingham, B12 0SJ
Bank
-
Legal Advisor
-
reliance accounting solutions ltd Charges & Mortgages
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 reliance accounting solutions ltd.
reliance accounting solutions ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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reliance accounting solutions ltd Companies House Filings - See Documents
| date | description | view/download |
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