affordable accounting ltd
affordable accounting ltd Company Information
Group Structure
View All
Industry
Bookkeeping activities
Registered Address
1633 parkway, whiteley, fareham, hampshire, PO15 7AH
Website
www.affordableaccounts.co.nzaffordable accounting ltd Estimated Valuation
Pomanda estimates the enterprise value of AFFORDABLE ACCOUNTING LTD at £41.6k based on a Turnover of £80.4k and 0.52x industry multiple (adjusted for size and gross margin).
affordable accounting ltd Estimated Valuation
Pomanda estimates the enterprise value of AFFORDABLE ACCOUNTING LTD at £220.3k based on an EBITDA of £74.5k and a 2.96x industry multiple (adjusted for size and gross margin).
affordable accounting ltd Estimated Valuation
Pomanda estimates the enterprise value of AFFORDABLE ACCOUNTING LTD at £184.2k based on Net Assets of £55.6k and 3.31x industry multiple (adjusted for liquidity).
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Affordable Accounting Ltd Overview
Affordable Accounting Ltd is a live company located in fareham, PO15 7AH with a Companies House number of 10164434. It operates in the bookkeeping activities sector, SIC Code 69202. Founded in May 2016, it's largest shareholder is brendan batt with a 100% stake. Affordable Accounting Ltd is a young, micro sized company, Pomanda has estimated its turnover at £80.4k with unknown growth in recent years.
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Affordable Accounting Ltd Health Check
Pomanda's financial health check has awarded Affordable Accounting Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £80.4k, make it in line with the average company (£82.2k)
£80.4k - Affordable Accounting Ltd
£82.2k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Affordable Accounting Ltd
- - Industry AVG
Production
with a gross margin of 92.7%, this company has a lower cost of product (66.9%)
92.7% - Affordable Accounting Ltd
66.9% - Industry AVG
Profitability
an operating margin of 69.1% make it more profitable than the average company (7.8%)
69.1% - Affordable Accounting Ltd
7.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (2)
1 - Affordable Accounting Ltd
2 - Industry AVG
Pay Structure
on an average salary of £16.4k, the company has an equivalent pay structure (£16.4k)
- Affordable Accounting Ltd
£16.4k - Industry AVG
Efficiency
resulting in sales per employee of £80.4k, this is more efficient (£52.4k)
£80.4k - Affordable Accounting Ltd
£52.4k - Industry AVG
Debtor Days
it gets paid by customers after 332 days, this is later than average (65 days)
332 days - Affordable Accounting Ltd
65 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Affordable Accounting Ltd
- - Industry AVG
Stock Days
it holds stock equivalent to 1844 days, this is more than average (337 days)
1844 days - Affordable Accounting Ltd
337 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (43 weeks)
5 weeks - Affordable Accounting Ltd
43 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 81.4%, this is a higher level of debt than the average (65.3%)
81.4% - Affordable Accounting Ltd
65.3% - Industry AVG
AFFORDABLE ACCOUNTING LTD financials
Affordable Accounting Ltd's latest turnover from September 2023 is £80.4 thousand and the company has net assets of £55.6 thousand. According to their latest financial statements, Affordable Accounting Ltd has 1 employee and maintains cash reserves of £26.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 80,433 | ||||||
| Other Income Or Grants | |||||||
| Cost Of Sales | 5,848 | ||||||
| Gross Profit | 74,585 | ||||||
| Admin Expenses | 18,975 | ||||||
| Operating Profit | 55,610 | ||||||
| Interest Payable | |||||||
| Interest Receivable | |||||||
| Pre-Tax Profit | 55,610 | ||||||
| Tax | |||||||
| Profit After Tax | 55,610 | ||||||
| Dividends Paid | |||||||
| Retained Profit | 55,610 | ||||||
| Employee Costs | |||||||
| Number Of Employees | 1 | ||||||
| EBITDA* | 74,510 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||
| Intangible Assets | 170,100 | ||||||
| Investments & Other | 1 | 1 | 1 | ||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 170,100 | 1 | 1 | 1 | |||
| Stock & work in progress | 29,550 | ||||||
| Trade Debtors | 73,217 | ||||||
| Group Debtors | |||||||
| Misc Debtors | |||||||
| Cash | 26,512 | ||||||
| misc current assets | |||||||
| total current assets | 129,279 | ||||||
| total assets | 299,379 | 1 | 1 | 1 | |||
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | |||||||
| Group/Directors Accounts | |||||||
| other short term finances | 145,619 | ||||||
| hp & lease commitments | |||||||
| other current liabilities | 98,149 | ||||||
| total current liabilities | 243,768 | ||||||
| loans | |||||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | |||||||
| total long term liabilities | |||||||
| total liabilities | 243,768 | ||||||
| net assets | 55,611 | 1 | 1 | 1 | |||
| total shareholders funds | 55,611 | 1 | 1 | 1 |
| Sep 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 55,610 | ||||||
| Depreciation | |||||||
| Amortisation | 18,900 | ||||||
| Tax | |||||||
| Stock | 29,550 | ||||||
| Debtors | 73,217 | ||||||
| Creditors | |||||||
| Accruals and Deferred Income | 98,149 | ||||||
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | 69,892 | ||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | -1 | 1 | |||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | |||||||
| Other Short Term Loans | 145,619 | ||||||
| Long term loans | |||||||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | |||||||
| share issue | |||||||
| interest | |||||||
| cash flow from financing | 145,619 | ||||||
| cash and cash equivalents | |||||||
| cash | 26,512 | ||||||
| overdraft | |||||||
| change in cash | 26,512 |
affordable accounting ltd Credit Report and Business Information
Affordable Accounting Ltd Competitor Analysis
Perform a competitor analysis for affordable accounting ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in PO15 area or any other competitors across 12 key performance metrics.
affordable accounting ltd Ownership
AFFORDABLE ACCOUNTING LTD group structure
Affordable Accounting Ltd has no subsidiary companies.
Ultimate parent company
AFFORDABLE ACCOUNTING LTD
10164434
affordable accounting ltd directors
Affordable Accounting Ltd currently has 1 director, Mr Brendan Batt serving since May 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Brendan Batt | England | 50 years | May 2016 | - | Director |
P&L
September 2023turnover
80.4k
0%
operating profit
55.6k
0%
gross margin
92.8%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
55.6k
+55610%
total assets
299.4k
+299378%
cash
26.5k
0%
net assets
Total assets minus all liabilities
Similar Companies
affordable accounting ltd company details
company number
10164434
Type
Private limited with Share Capital
industry
69202 - Bookkeeping activities
incorporation date
May 2016
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2023
previous names
N/A
accountant
BRITANNIA ACCOUNTANCY & TAX SERVICES LTD
auditor
-
address
1633 parkway, whiteley, fareham, hampshire, PO15 7AH
Bank
-
Legal Advisor
-
affordable accounting 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 affordable accounting ltd.
affordable accounting 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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affordable accounting ltd Companies House Filings - See Documents
| date | description | view/download |
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