fls accounting solutions limited
fls accounting solutions limited Company Information
Company Number
09474548
Next Accounts
97 days late
Directors
Shareholders
sadik premji
laila kermali
Group Structure
View All
Industry
Accounting, and auditing activities
+1Registered Address
primera accountants limited, fir, spitalfields house, borehamwood, WD6 2FX
Website
-fls accounting solutions limited Estimated Valuation
Pomanda estimates the enterprise value of FLS ACCOUNTING SOLUTIONS LIMITED at £635.5k based on a Turnover of £699.8k and 0.91x industry multiple (adjusted for size and gross margin).
fls accounting solutions limited Estimated Valuation
Pomanda estimates the enterprise value of FLS ACCOUNTING SOLUTIONS LIMITED at £799.2k based on an EBITDA of £133.1k and a 6x industry multiple (adjusted for size and gross margin).
fls accounting solutions limited Estimated Valuation
Pomanda estimates the enterprise value of FLS ACCOUNTING SOLUTIONS LIMITED at £2.7m based on Net Assets of £731.9k and 3.62x industry multiple (adjusted for liquidity).
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Fls Accounting Solutions Limited Overview
Fls Accounting Solutions Limited is a live company located in borehamwood, WD6 2FX with a Companies House number of 09474548. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in March 2015, it's largest shareholder is sadik premji with a 75% stake. Fls Accounting Solutions Limited is a established, small sized company, Pomanda has estimated its turnover at £699.8k with healthy growth in recent years.
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Fls Accounting Solutions Limited Health Check
Pomanda's financial health check has awarded Fls Accounting Solutions Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs
5 Strong
5 Regular
1 Weak
Size
annual sales of £699.8k, make it larger than the average company (£221.3k)
- Fls Accounting Solutions Limited
£221.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (5.7%)
- Fls Accounting Solutions Limited
5.7% - Industry AVG
Production
with a gross margin of 85.3%, this company has a comparable cost of product (85.3%)
- Fls Accounting Solutions Limited
85.3% - Industry AVG
Profitability
an operating margin of 11.4% make it as profitable than the average company (12.2%)
- Fls Accounting Solutions Limited
12.2% - Industry AVG
Employees
with 10 employees, this is above the industry average (4)
10 - Fls Accounting Solutions Limited
4 - Industry AVG
Pay Structure
on an average salary of £40.7k, the company has an equivalent pay structure (£40.7k)
- Fls Accounting Solutions Limited
£40.7k - Industry AVG
Efficiency
resulting in sales per employee of £70k, this is equally as efficient (£78.7k)
- Fls Accounting Solutions Limited
£78.7k - Industry AVG
Debtor Days
it gets paid by customers after 79 days, this is near the average (79 days)
- Fls Accounting Solutions Limited
79 days - Industry AVG
Creditor Days
its suppliers are paid after 54 days, this is slower than average (36 days)
- Fls Accounting Solutions Limited
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Fls Accounting Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 82 weeks, this is more cash available to meet short term requirements (33 weeks)
82 weeks - Fls Accounting Solutions Limited
33 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 51.7%, this is a higher level of debt than the average (46.3%)
51.7% - Fls Accounting Solutions Limited
46.3% - Industry AVG
FLS ACCOUNTING SOLUTIONS LIMITED financials
Fls Accounting Solutions Limited's latest turnover from March 2023 is estimated at £699.8 thousand and the company has net assets of £731.9 thousand. According to their latest financial statements, Fls Accounting Solutions Limited has 10 employees and maintains cash reserves of £912.1 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 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 10 | 9 | 8 | 8 | 8 | 7 | 5 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 109,523 | 174,279 | 188,722 | 170,078 | 134,461 | 479,891 | 474,817 | 25,262 |
| Intangible Assets | 257,951 | 278,305 | 298,659 | 319,013 | 339,367 | 128,250 | ||
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 367,474 | 452,584 | 487,381 | 489,091 | 473,828 | 479,891 | 474,817 | 153,512 |
| Stock & work in progress | ||||||||
| Trade Debtors | 153,123 | 116,558 | 180,195 | 125,070 | 141,768 | 517,607 | 279,381 | 25,923 |
| Group Debtors | ||||||||
| Misc Debtors | 84,183 | 13,918 | 31,067 | 90,145 | 4,975 | |||
| Cash | 912,058 | 917,873 | 341,279 | 206,633 | 229,913 | 30,963 | ||
| misc current assets | 1,925 | 1,750 | ||||||
| total current assets | 1,149,364 | 1,048,349 | 552,541 | 421,848 | 376,656 | 519,532 | 281,131 | 56,886 |
| total assets | 1,516,838 | 1,500,933 | 1,039,922 | 910,939 | 850,484 | 999,423 | 755,948 | 210,398 |
| Bank overdraft | ||||||||
| Bank loan | 39,744 | 40,078 | 14,000 | 14,000 | 14,000 | |||
| Trade Creditors | 15,390 | 11,259 | 2,341 | 30,858 | 18,584 | 424,297 | 256,305 | 47,716 |
| Group/Directors Accounts | 126,826 | 120,615 | ||||||
| other short term finances | ||||||||
| hp & lease commitments | ||||||||
| other current liabilities | 518,015 | 354,743 | 300,581 | 136,017 | 306,040 | |||
| total current liabilities | 573,149 | 532,906 | 316,922 | 301,490 | 338,624 | 424,297 | 256,305 | 47,716 |
| loans | 198,574 | 249,561 | 137,474 | 145,031 | 159,162 | |||
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | 38,189 | 65,853 | 89,928 | 27,246 | 322,464 | 290,251 | ||
| provisions | 13,228 | 22,528 | 5,052 | |||||
| total long term liabilities | 211,802 | 310,278 | 203,327 | 234,959 | 186,408 | 322,464 | 290,251 | 5,052 |
| total liabilities | 784,951 | 843,184 | 520,249 | 536,449 | 525,032 | 746,761 | 546,556 | 52,768 |
| net assets | 731,887 | 657,749 | 519,673 | 374,490 | 325,452 | 252,662 | 209,392 | 157,630 |
| total shareholders funds | 731,887 | 657,749 | 519,673 | 374,490 | 325,452 | 252,662 | 209,392 | 157,630 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 33,060 | 38,879 | 41,592 | 34,739 | 1,844 | |||
| Amortisation | 20,354 | 20,354 | 20,354 | 20,354 | 6,750 | |||
| Tax | ||||||||
| Stock | ||||||||
| Debtors | 106,830 | -80,786 | -3,953 | 68,472 | -370,864 | 238,226 | 253,458 | 25,923 |
| Creditors | 4,131 | 8,918 | -28,517 | 12,274 | -405,713 | 167,992 | 208,589 | 47,716 |
| Accruals and Deferred Income | 163,272 | 54,162 | 164,564 | -170,023 | 306,040 | |||
| Deferred Taxes & Provisions | -9,300 | 22,528 | -5,052 | 5,052 | ||||
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | ||||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | -334 | 26,078 | 14,000 | |||||
| Group/Directors Accounts | -126,826 | 126,826 | -120,615 | 120,615 | ||||
| Other Short Term Loans | ||||||||
| Long term loans | -50,987 | 112,087 | -7,557 | -14,131 | 159,162 | |||
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | -38,189 | -27,664 | -24,075 | 62,682 | -295,218 | 32,213 | 290,251 | |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -5,815 | 576,594 | 134,646 | -23,280 | 229,913 | -30,963 | 30,963 | |
| overdraft | ||||||||
| change in cash | -5,815 | 576,594 | 134,646 | -23,280 | 229,913 | -30,963 | 30,963 |
fls accounting solutions limited Credit Report and Business Information
Fls Accounting Solutions Limited Competitor Analysis
Perform a competitor analysis for fls accounting solutions limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in WD6 area or any other competitors across 12 key performance metrics.
fls accounting solutions limited Ownership
FLS ACCOUNTING SOLUTIONS LIMITED group structure
Fls Accounting Solutions Limited has no subsidiary companies.
Ultimate parent company
FLS ACCOUNTING SOLUTIONS LIMITED
09474548
fls accounting solutions limited directors
Fls Accounting Solutions Limited currently has 1 director, Mr Sadikally Premji serving since Mar 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sadikally Premji | United Kingdom | 40 years | Mar 2015 | - | Director |
P&L
March 2023turnover
699.8k
+23%
operating profit
79.7k
0%
gross margin
85.4%
+5.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
731.9k
+0.11%
total assets
1.5m
+0.01%
cash
912.1k
-0.01%
net assets
Total assets minus all liabilities
fls accounting solutions limited company details
company number
09474548
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
69203 - Tax consultancy
incorporation date
March 2015
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
primera accountants limited, fir, spitalfields house, borehamwood, WD6 2FX
Bank
-
Legal Advisor
-
fls accounting solutions 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 fls accounting solutions limited.
fls accounting solutions 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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fls accounting solutions limited Companies House Filings - See Documents
| date | description | view/download |
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