my novelty gift ltd
my novelty gift ltd Company Information
Company Number
10164877
Website
mynoveltygift.comRegistered Address
12 market street, hebden bridge, west yorkshire, HX7 6AD
Industry
Other retail sale not in stores, stalls or markets
Telephone
-
Next Accounts Due
February 2025
Group Structure
View All
Directors
Liam Tomkinson8 Years
Shareholders
liam jamie tomkinson 100%
my novelty gift ltd Estimated Valuation
Pomanda estimates the enterprise value of MY NOVELTY GIFT LTD at £17.2k based on a Turnover of £55.7k and 0.31x industry multiple (adjusted for size and gross margin).
my novelty gift ltd Estimated Valuation
Pomanda estimates the enterprise value of MY NOVELTY GIFT LTD at £0 based on an EBITDA of £-2k and a 3.03x industry multiple (adjusted for size and gross margin).
my novelty gift ltd Estimated Valuation
Pomanda estimates the enterprise value of MY NOVELTY GIFT LTD at £3.6k based on Net Assets of £1.8k and 1.96x industry multiple (adjusted for liquidity).
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My Novelty Gift Ltd Overview
My Novelty Gift Ltd is a live company located in west yorkshire, HX7 6AD with a Companies House number of 10164877. It operates in the other retail sale not in stores, stalls or markets sector, SIC Code 47990. Founded in May 2016, it's largest shareholder is liam jamie tomkinson with a 100% stake. My Novelty Gift Ltd is a young, micro sized company, Pomanda has estimated its turnover at £55.7k with declining growth in recent years.
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My Novelty Gift Ltd Health Check
Pomanda's financial health check has awarded My Novelty Gift Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £55.7k, make it smaller than the average company (£1m)
- My Novelty Gift Ltd
£1m - Industry AVG
Growth
3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (5.9%)
- My Novelty Gift Ltd
5.9% - Industry AVG
Production
with a gross margin of 32.5%, this company has a comparable cost of product (32.5%)
- My Novelty Gift Ltd
32.5% - Industry AVG
Profitability
an operating margin of -3.8% make it less profitable than the average company (5%)
- My Novelty Gift Ltd
5% - Industry AVG
Employees
with 1 employees, this is below the industry average (10)
1 - My Novelty Gift Ltd
10 - Industry AVG
Pay Structure
on an average salary of £34k, the company has an equivalent pay structure (£34k)
- My Novelty Gift Ltd
£34k - Industry AVG
Efficiency
resulting in sales per employee of £55.7k, this is less efficient (£202.1k)
- My Novelty Gift Ltd
£202.1k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (33 days)
- My Novelty Gift Ltd
33 days - Industry AVG
Creditor Days
its suppliers are paid after 60 days, this is slower than average (37 days)
- My Novelty Gift Ltd
37 days - Industry AVG
Stock Days
it holds stock equivalent to 9 days, this is less than average (75 days)
- My Novelty Gift Ltd
75 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (25 weeks)
1 weeks - My Novelty Gift Ltd
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.3%, this is a higher level of debt than the average (63.7%)
88.3% - My Novelty Gift Ltd
63.7% - Industry AVG
MY NOVELTY GIFT LTD financials
My Novelty Gift Ltd's latest turnover from May 2023 is estimated at £55.7 thousand and the company has net assets of £1.8 thousand. According to their latest financial statements, My Novelty Gift Ltd has 1 employee and maintains cash reserves of £329 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | |
|---|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 338 | 504 | 752 | 1,122 | 327 | 488 | 331 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 338 | 504 | 752 | 1,122 | 327 | 488 | 331 |
| Stock & work in progress | 1,000 | 1,680 | 3,500 | 5,000 | 6,000 | 7,500 | 3,500 |
| Trade Debtors | 1,889 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 11,946 | 15,750 | 6,786 | 6,487 | 4,937 | 0 | 100 |
| Cash | 329 | 569 | 2,951 | 8,761 | 1,885 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 15,164 | 17,999 | 13,237 | 20,248 | 12,822 | 7,500 | 3,600 |
| total assets | 15,502 | 18,503 | 13,989 | 21,370 | 13,149 | 7,988 | 3,931 |
| Bank overdraft | 0 | 3,605 | 483 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 6,253 | 2,644 | 3,431 | 3,687 | 3,401 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 372 | 0 | 8,812 | 12,090 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 7,435 | 8,145 | 9,539 | 6,263 | 3,091 | 774 | 13,140 |
| total current liabilities | 13,688 | 14,394 | 13,825 | 9,950 | 15,304 | 12,864 | 13,140 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 13,688 | 14,394 | 13,825 | 9,950 | 15,304 | 12,864 | 13,140 |
| net assets | 1,814 | 4,109 | 164 | 11,420 | -2,155 | -4,876 | -9,209 |
| total shareholders funds | 1,814 | 4,109 | 164 | 11,420 | -2,155 | -4,876 | -9,209 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 166 | 248 | 370 | 242 | 161 | 152 | 166 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||
| Stock | -680 | -1,820 | -1,500 | -1,000 | -1,500 | 4,000 | 3,500 |
| Debtors | -1,915 | 8,964 | 299 | 1,550 | 4,937 | -100 | 100 |
| Creditors | 3,609 | -787 | -256 | 286 | 3,401 | 0 | 0 |
| Accruals and Deferred Income | -710 | -1,394 | 3,276 | 3,172 | 2,317 | -12,366 | 13,140 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -372 | 372 | -8,812 | -3,278 | 12,090 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | -240 | -2,382 | -5,810 | 6,876 | 1,885 | 0 | 0 |
| overdraft | -3,605 | 3,122 | 483 | 0 | 0 | 0 | 0 |
| change in cash | 3,365 | -5,504 | -6,293 | 6,876 | 1,885 | 0 | 0 |
my novelty gift ltd Credit Report and Business Information
My Novelty Gift Ltd Competitor Analysis
Perform a competitor analysis for my novelty gift ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in HX7 area or any other competitors across 12 key performance metrics.
my novelty gift ltd Ownership
MY NOVELTY GIFT LTD group structure
My Novelty Gift Ltd has no subsidiary companies.
Ultimate parent company
MY NOVELTY GIFT LTD
10164877
my novelty gift ltd directors
My Novelty Gift Ltd currently has 1 director, Mr Liam Tomkinson serving since May 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Liam Tomkinson | England | 34 years | May 2016 | - | Director |
P&L
May 2023turnover
55.7k
-52%
operating profit
-2.1k
0%
gross margin
32.6%
-0.09%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
1.8k
-0.56%
total assets
15.5k
-0.16%
cash
329
-0.42%
net assets
Total assets minus all liabilities
my novelty gift ltd company details
company number
10164877
Type
Private limited with Share Capital
industry
47990 - Other retail sale not in stores, stalls or markets
incorporation date
May 2016
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
May 2023
previous names
N/A
accountant
CRESSWELLS
auditor
-
address
12 market street, hebden bridge, west yorkshire, HX7 6AD
Bank
-
Legal Advisor
-
my novelty gift 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 my novelty gift ltd.
my novelty gift ltd Companies House Filings - See Documents
| date | description | view/download |
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