I Did It My Way Ltd

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i did it my way ltd Company Information

Live

EstablishedMicroDeclining

Company Number

08428816

Website

www.ididitmyway-funerals.co.uk

Registered Address

jackson house 28 regent parade, harrogate, north yorkshire, HG1 5AZ

Industry

Funeral and related activities

Telephone

01143274936

Next Accounts Due

June 2025

Group Structure

View All

Directors

Guy Gylsson3 Years

Shareholders

cloud 9 holdings ltd 100%

i did it my way ltd Estimated Valuation

£125.5k

Pomanda estimates the enterprise value of I DID IT MY WAY LTD at £125.5k based on a Turnover of £160.3k and 0.78x industry multiple (adjusted for size and gross margin).

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I Did It My Way Ltd is a live company located in north yorkshire, HG1 5AZ with a Companies House number of 08428816. It operates in the funeral and related activities sector, SIC Code 96030. Founded in March 2013, it's largest shareholder is cloud 9 holdings ltd with a 100% stake. I Did It My Way Ltd is a established, micro sized company, Pomanda has estimated its turnover at £160.3k with declining growth in recent years.

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Pomanda's financial health check has awarded I Did It My Way Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

2 Regular

7 Weak

Size

annual sales of £160.3k, make it smaller than the average company (£2.1m)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (4.8%)

EXPORT

I Did It My Way Ltd's latest turnover from September 2023 is estimated at £160.3 thousand and the company has net assets of £4.7 thousand. According to their latest financial statements, I Did It My Way Ltd has 3 employees and maintains cash reserves of £83 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Turnover	160,252	149,377	241,903	188,826	119,718	99,134	1,067,671	826,268	108,275	41,299
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	72,962	68,327	99,375	87,864	56,289	46,326	508,367	375,793	50,391	19,704
Gross Profit	87,290	81,050	142,527	100,962	63,429	52,808	559,304	450,474	57,884	21,595
Admin Expenses	89,232	68,992	141,756	100,249	48,379	54,818	567,424	452,945	45,869	29,316
Operating Profit	-1,942	12,058	771	713	15,050	-2,010	-8,120	-2,471	12,015	-7,721
Interest Payable	2,129	1,518	743	760	953	483	0	0	0	0
Interest Receivable	7	2	0	0	0	0	0	7	10	3
Pre-Tax Profit	-4,064	10,542	28	-47	14,098	-2,493	-8,120	-2,464	12,025	-7,718
Tax	0	-2,003	-5	0	-2,679	0	0	0	-2,525	0
Profit After Tax	-4,064	8,539	23	-47	11,419	-2,493	-8,120	-2,464	9,500	-7,718
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-4,064	8,539	23	-47	11,419	-2,493	-8,120	-2,464	9,500	-7,718
Employee Costs	91,833	87,295	82,820	54,713	55,292	54,142	326,728	242,325	50,530	23,756
Number Of Employees	3	3	3	2	2	2	12	9	2	1
EBITDA*	2,806	23,561	5,105	5,170	19,159	-2,010	-8,120	2,520	18,203	-6,585

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Tangible Assets	17,135	21,883	31,670	20,627	20,554	16,194	11,234	14,979	18,570	3,409
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	17,135	21,883	31,670	20,627	20,554	16,194	11,234	14,979	18,570	3,409
Stock & work in progress	0	0	0	0	0	0	0	0	0	0
Trade Debtors	2,271	2,123	0	0	5,600	1,651	87,297	74,800	8,022	2,345
Group Debtors	21,040	12,719	0	0	0	0	0	0	0	0
Misc Debtors	646	530	178,171	138,565	99,189	70,719	0	0	0	0
Cash	83	201	0	0	0	0	0	0	2,894	1,286
misc current assets	9,641	9,739	0	0	0	0	0	0	0	0
total current assets	33,681	25,312	178,171	138,565	104,789	72,370	87,297	74,800	10,916	3,631
total assets	50,816	47,195	209,841	159,192	125,343	88,564	98,531	89,779	29,486	7,040
Bank overdraft	14,705	15,649	10,267	7,651	11,834	12,010	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	15,244	6,748	1,082	0	1,240	0	102,746	84,003	20,334	14,757
Group/Directors Accounts	4,701	3,656	0	0	0	377	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	3,337	0	4,250	3,000	3,000	3,588	0	0	0	0
other current liabilities	3,428	1,145	179,603	141,081	100,586	74,622	0	0	0	0
total current liabilities	41,415	27,198	195,202	151,732	116,660	90,597	102,746	84,003	20,334	14,757
loans	0	8,350	2,531	3,906	1,539	2,849	0	0	0	0
hp & lease commitments	1,818	0	9,000	1,250	4,250	6,412	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	4,587	6,457	7,369	0
provisions	2,908	2,908	2,908	2,226	2,769	0	0	0	0	0
total long term liabilities	4,726	11,258	14,439	7,382	8,558	9,261	4,587	6,457	7,369	0
total liabilities	46,141	38,456	209,641	159,114	125,218	99,858	107,333	90,460	27,703	14,757
net assets	4,675	8,739	200	78	125	-11,294	-8,802	-681	1,783	-7,717
total shareholders funds	4,675	8,739	200	78	125	-11,294	-8,802	-681	1,783	-7,717

	Sep 2023	Sep 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Operating Activities
Operating Profit	-1,942	12,058	771	713	15,050	-2,010	-8,120	-2,471	12,015	-7,721
Depreciation	4,748	11,503	4,334	4,457	4,109	0	0	4,991	6,188	1,136
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	0	-2,003	-5	0	-2,679	0	0	0	-2,525	0
Stock	0	0	0	0	0	0	0	0	0	0
Debtors	8,585	-162,799	39,606	33,776	32,419	-14,927	12,497	66,778	5,677	2,345
Creditors	8,496	5,666	1,082	-1,240	1,240	-102,746	18,743	63,669	5,577	14,757
Accruals and Deferred Income	2,283	-178,458	38,522	40,495	25,964	74,622	0	0	0	0
Deferred Taxes & Provisions	0	0	682	-543	2,769	0	0	0	0	0
Cash flow from operations	5,000	11,565	5,780	10,106	14,034	-15,207	-1,874	-589	15,578	5,827
Investing Activities
capital expenditure	0	-1,716	-15,377	-4,530	-8,469	-4,960	3,745	-1,400	-21,349	-4,545
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-1,716	-15,377	-4,530	-8,469	-4,960	3,745	-1,400	-21,349	-4,545
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	1,045	3,656	0	0	-377	377	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	-8,350	5,819	-1,375	2,367	-1,310	2,849	0	0	0	0
Hire Purchase and Lease Commitments	5,155	-13,250	9,000	-3,000	-2,750	10,000	0	0	0	0
other long term liabilities	0	0	0	0	0	-4,587	-1,870	-912	7,369	0
share issue	0	0	99	0	0	1	-1	0	0	1
interest	-2,122	-1,516	-743	-760	-953	-483	0	7	10	3
cash flow from financing	-4,272	-5,291	6,981	-1,393	-5,390	8,157	-1,871	-905	7,379	4
cash and cash equivalents
cash	-118	201	0	0	0	0	0	-2,894	1,608	1,286
overdraft	-944	5,382	2,616	-4,183	-176	12,010	0	0	0	0
change in cash	826	-5,181	-2,616	4,183	176	-12,010	0	-2,894	1,608	1,286

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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I DID IT MY WAY LTD group structure

I Did It My Way Ltd has no subsidiary companies.

Ultimate parent company

CLOUD 9 HOLDINGS LTD

12778477

1 parent

I DID IT MY WAY LTD

08428816

I DID IT MY WAY LTD Shareholders

cloud 9 holdings ltd

100%

I Did It My Way Ltd currently has 1 director, Mr Guy Gylsson serving since Jun 2021.

officer	country	age	start	end	role
Mr Guy Gylsson	England	46 years	Jun 2021	-	Director

P&L

September 2023

turnover

160.3k

+7%

operating profit

-1.9k

gross margin

54.5%

+0.39%

turnover

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

Balance Sheet

September 2023

net assets

4.7k

-0.47%

total assets

50.8k

+0.08%

cash

-0.59%

net assets

Total assets minus all liabilities

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company number

08428816

Type

Private limited with Share Capital

industry

96030 - Funeral and related activities

incorporation date

March 2013

accounts

Total Exemption Full

ultimate parent company

CLOUD 9 HOLDINGS LTD

previous names

N/A

last accounts submitted

September 2023

address

jackson house 28 regent parade, harrogate, north yorkshire, HG1 5AZ

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 i did it my way ltd.

i did it my way ltd Company Information

i did it my way ltd Estimated Valuation

i did it my way ltd Estimated Valuation

i did it my way ltd Estimated Valuation

I Did It My Way Ltd Overview

I Did It My Way Ltd Health Check

I DID IT MY WAY LTD financials

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i did it my way ltd Ownership

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i did it my way ltd Companies House Filings - See Documents