simply accountants limited
simply accountants limited Company Information
Company Number
08535253
Next Accounts
1 days late
Industry
Bookkeeping activities
Directors
Shareholders
sanjeevan kulasingam
Group Structure
View All
Contact
Registered Address
8 devonshire square, london, EC2M 4PL
Website
-simply accountants limited Estimated Valuation
Pomanda estimates the enterprise value of SIMPLY ACCOUNTANTS LIMITED at £28.6k based on a Turnover of £49.5k and 0.58x industry multiple (adjusted for size and gross margin).
simply accountants limited Estimated Valuation
Pomanda estimates the enterprise value of SIMPLY ACCOUNTANTS LIMITED at £161.1k based on an EBITDA of £53.1k and a 3.04x industry multiple (adjusted for size and gross margin).
simply accountants limited Estimated Valuation
Pomanda estimates the enterprise value of SIMPLY ACCOUNTANTS LIMITED at £54.9k based on Net Assets of £14.9k and 3.68x industry multiple (adjusted for liquidity).
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Simply Accountants Limited Overview
Simply Accountants Limited is a live company located in london, EC2M 4PL with a Companies House number of 08535253. It operates in the bookkeeping activities sector, SIC Code 69202. Founded in May 2013, it's largest shareholder is sanjeevan kulasingam with a 100% stake. Simply Accountants Limited is a established, micro sized company, Pomanda has estimated its turnover at £49.5k with declining growth in recent years.
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Simply Accountants Limited Health Check
Pomanda's financial health check has awarded Simply Accountants Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
4 Weak
Size
annual sales of £49.5k, make it smaller than the average company (£83.6k)
- Simply Accountants Limited
£83.6k - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (3.8%)
- Simply Accountants Limited
3.8% - Industry AVG
Production
with a gross margin of 74.4%, this company has a comparable cost of product (74.4%)
- Simply Accountants Limited
74.4% - Industry AVG
Profitability
an operating margin of 64.1% make it more profitable than the average company (7.3%)
- Simply Accountants Limited
7.3% - Industry AVG
Employees
with 2 employees, this is similar to the industry average (2)
2 - Simply Accountants Limited
2 - Industry AVG
Pay Structure
on an average salary of £15.4k, the company has an equivalent pay structure (£15.4k)
- Simply Accountants Limited
£15.4k - Industry AVG
Efficiency
resulting in sales per employee of £24.7k, this is less efficient (£41.9k)
- Simply Accountants Limited
£41.9k - Industry AVG
Debtor Days
it gets paid by customers after 51 days, this is earlier than average (76 days)
- Simply Accountants Limited
76 days - Industry AVG
Creditor Days
its suppliers are paid after 122 days, this is slower than average (4 days)
- Simply Accountants Limited
4 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Simply Accountants Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 41 weeks, this is average cash available to meet short term requirements (48 weeks)
41 weeks - Simply Accountants Limited
48 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.1%, this is a higher level of debt than the average (65%)
93.1% - Simply Accountants Limited
65% - Industry AVG
SIMPLY ACCOUNTANTS LIMITED financials
Simply Accountants Limited's latest turnover from March 2023 is estimated at £49.5 thousand and the company has net assets of £14.9 thousand. According to their latest financial statements, Simply Accountants Limited has 2 employees and maintains cash reserves of £33.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | May 2015 | May 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 3 | 2 | 2 | 2 | 3 | 2 | 2 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | May 2015 | May 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,180 | 4,791 | 1,147 | 0 | 0 | 16,333 | 21,933 | 27,533 | 0 | 0 |
| Intangible Assets | 159,727 | 179,487 | 0 | 0 | 0 | 0 | 0 | 0 | 6,334 | 12,667 |
| 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 | 163,907 | 184,278 | 1,147 | 0 | 0 | 16,333 | 21,933 | 27,533 | 6,334 | 12,667 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 6,935 | 6,576 | 1,894 | 0 | 400 | 2,500 | 12,229 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 10,120 | 11,100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 33,711 | 34,941 | 35,983 | 19,988 | 8,184 | 2,136 | 7,631 | 11,793 | 4,905 | 8,792 |
| misc current assets | 0 | 0 | 0 | 0 | 1,500 | 6,590 | 15,283 | 5,883 | 6,333 | 0 |
| total current assets | 50,766 | 52,617 | 37,877 | 19,988 | 10,084 | 11,226 | 35,143 | 17,676 | 11,238 | 8,792 |
| total assets | 214,673 | 236,895 | 39,024 | 19,988 | 10,084 | 27,559 | 57,076 | 45,209 | 17,572 | 21,459 |
| Bank overdraft | 7,873 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 4,230 | 4,230 | 0 | 0 | 0 |
| Trade Creditors | 4,260 | 2,438 | 0 | 1 | 0 | 0 | 0 | 0 | 17,323 | 17,552 |
| Group/Directors Accounts | 121 | 859 | 3,326 | 11,839 | 14,288 | 3,243 | 12,047 | 7,042 | 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 | 3,166 | 0 | 0 |
| other current liabilities | 29,716 | 79,971 | 6,704 | 5,210 | 3,944 | 16,896 | 18,768 | 9,851 | 0 | 0 |
| total current liabilities | 41,970 | 83,268 | 10,030 | 17,050 | 18,232 | 24,369 | 35,045 | 20,059 | 17,323 | 17,552 |
| loans | 157,786 | 152,374 | 20,000 | 0 | 0 | 11,281 | 15,511 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19,435 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 3,103 | 4,168 | 5,507 | 0 | 0 |
| total long term liabilities | 157,786 | 152,374 | 20,000 | 0 | 0 | 14,384 | 19,679 | 24,942 | 0 | 0 |
| total liabilities | 199,756 | 235,642 | 30,030 | 17,050 | 18,232 | 38,753 | 54,724 | 45,001 | 17,323 | 17,552 |
| net assets | 14,917 | 1,253 | 8,994 | 2,938 | -8,148 | -11,194 | 2,352 | 208 | 249 | 3,907 |
| total shareholders funds | 14,917 | 1,253 | 8,994 | 2,938 | -8,148 | -11,194 | 2,352 | 208 | 249 | 3,907 |
| Mar 2023 | Mar 2022 | Mar 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | May 2015 | May 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 1,619 | 1,079 | 382 | 0 | 5,600 | 5,600 | 5,600 | 467 | 0 | 0 |
| Amortisation | 19,760 | 18,113 | 0 | 0 | 0 | 0 | 0 | 0 | 6,333 | 6,333 |
| Tax | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -621 | 15,782 | 1,894 | -400 | -2,100 | -9,729 | 12,229 | 0 | 0 | 0 |
| Creditors | 1,822 | 2,438 | -1 | 1 | 0 | 0 | 0 | -17,323 | -229 | 17,552 |
| Accruals and Deferred Income | -50,255 | 73,267 | 1,494 | 1,266 | -12,952 | -1,872 | 8,917 | 9,851 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | -3,103 | -1,065 | -1,339 | 5,507 | 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 | -4,230 | 0 | 4,230 | 0 | 0 | 0 |
| Group/Directors Accounts | -738 | -2,467 | -8,513 | -2,449 | 11,045 | -8,804 | 5,005 | 7,042 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 5,412 | 132,374 | 20,000 | 0 | -11,281 | -4,230 | 15,511 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | -22,601 | 22,601 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | -1,230 | -1,042 | 15,995 | 11,804 | 6,048 | -5,495 | -4,162 | 6,888 | -3,887 | 8,792 |
| overdraft | 7,873 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -9,103 | -1,042 | 15,995 | 11,804 | 6,048 | -5,495 | -4,162 | 6,888 | -3,887 | 8,792 |
simply accountants limited Credit Report and Business Information
Simply Accountants Limited Competitor Analysis
Perform a competitor analysis for simply accountants limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in EC2M area or any other competitors across 12 key performance metrics.
simply accountants limited Ownership
SIMPLY ACCOUNTANTS LIMITED group structure
Simply Accountants Limited has no subsidiary companies.
Ultimate parent company
SIMPLY ACCOUNTANTS LIMITED
08535253
simply accountants limited directors
Simply Accountants Limited currently has 1 director, Mr Sanjeevan Kulasingam serving since May 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sanjeevan Kulasingam | United Kingdom | 50 years | May 2013 | - | Director |
P&L
March 2023turnover
49.5k
-3%
operating profit
31.7k
0%
gross margin
74.5%
-5.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
14.9k
+10.91%
total assets
214.7k
-0.09%
cash
33.7k
-0.04%
net assets
Total assets minus all liabilities
simply accountants limited company details
company number
08535253
Type
Private limited with Share Capital
industry
69202 - Bookkeeping activities
incorporation date
May 2013
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
eskae accountancy limited (October 2020)
accountant
SIMPLY ACCOUNTING LTD
auditor
-
address
8 devonshire square, london, EC2M 4PL
Bank
-
Legal Advisor
-
simply accountants limited 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 simply accountants limited.
simply accountants limited 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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simply accountants limited Companies House Filings - See Documents
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