Computer Application Services Limited

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computer application services limited Company Information

Company Number

SC102278

Next Accounts

Dec 2025

Directors

Ian Ritchie

Kenneth Naismith

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Shareholders

capital for colleagues plc

kenneth naismith

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Group Structure

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Industry

Business and domestic software development

Registered Address

3/2 quantum court, heriot-watt research park south, edinburgh, midlothian, EH14 4AP

Website

http://casltd.com

computer application services limited Estimated Valuation

£5m

Pomanda estimates the enterprise value of COMPUTER APPLICATION SERVICES LIMITED at £5m based on an EBITDA of £960.9k and a 5.17x industry multiple (adjusted for size and gross margin).

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Computer Application Services Limited is a live company located in edinburgh, EH14 4AP with a Companies House number of SC102278. It operates in the business and domestic software development sector, SIC Code 62012. Founded in December 1986, it's largest shareholder is capital for colleagues plc with a 28.9% stake. Computer Application Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.5m with healthy growth in recent years.

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Pomanda's financial health check has awarded Computer Application Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £2.5m, make it in line with the average company (£2.6m)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a similar rate (9.9%)

EXPORT

Computer Application Services Limited's latest turnover from March 2024 is estimated at £2.5 million and the company has net assets of £85.4 thousand. According to their latest financial statements, Computer Application Services Limited has 34 employees and maintains cash reserves of £236 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	2,471,160	2,622,981	1,822,803	1,867,458	1,867,315	1,368,605	1,142,110	1,079,480	1,054,078	942,997	683,164	1,322,437	846,336	1,069,360	2,327,741
Other Income Or Grants
Cost Of Sales	1,043,446	1,065,669	745,717	735,659	690,015	499,022	405,022	364,551	343,330	308,258	226,823	395,152	255,717	332,331	718,702
Gross Profit	1,427,714	1,557,312	1,077,086	1,131,798	1,177,300	869,583	737,088	714,929	710,748	634,739	456,342	927,284	590,618	737,029	1,609,039
Admin Expenses	784,421	1,687,372	1,281,069	1,109,027	1,081,785	1,062,028	929,087	759,386	592,072	767,121	969,699	903,419	805,800	755,189	1,515,620	-1,256,496
Operating Profit	643,293	-130,060	-203,983	22,771	95,515	-192,445	-191,999	-44,457	118,676	-132,382	-513,357	23,865	-215,182	-18,160	93,419	1,256,496
Interest Payable		12,556	8,269
Interest Receivable	13,933	13,137	2,899	306	109	782	679	352	906	1,799	3,447	4,122	4,528	4,715	5,302	3,144
Pre-Tax Profit	657,225	-129,479	-209,353	23,077	95,625	-191,663	-191,320	-44,105	119,581	-130,583	-509,910	27,987	-210,654	-13,445	98,721	1,259,640
Tax	-164,306			-4,385	-18,169				-23,916			-6,437			-27,642	-352,699
Profit After Tax	492,919	-129,479	-209,353	18,692	77,456	-191,663	-191,320	-44,105	95,665	-130,583	-509,910	21,550	-210,654	-13,445	71,079	906,941
Dividends Paid
Retained Profit	492,919	-129,479	-209,353	18,692	77,456	-191,663	-191,320	-44,105	95,665	-130,583	-509,910	21,550	-210,654	-13,445	71,079	906,941
Employee Costs	2,167,204	1,947,751	1,462,163	1,357,800	1,369,162	1,397,523	1,129,404	1,089,156	1,001,405	442,416	332,605	630,855	424,036	515,189	1,104,530
Number Of Employees	34	32	26	26	26	25	20	20	18	8	6	12	8	10	22
EBITDA*	960,894	213,166	152,175	336,773	270,109	61,325	-8,959	-25,546	122,103	-131,349	-504,167	34,937	-200,804	-3,074	104,907	1,267,754

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	63,074	64,488	78,103	100,126	117,391	104,251	118,897	134,923	17,197	7,587	157	9,190	16,091	26,017	25,772	16,925
Intangible Assets	905,304	796,378	710,564	753,790	787,023	732,011	727,766	678,796	523,585
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	968,378	860,866	788,667	853,916	904,414	836,262	846,663	813,719	540,782	7,587	157	9,190	16,091	26,017	25,772	16,925
Stock & work in progress	50,000	50,000	50,000	88,469	59,100	57,393	50,000	6,250	6,062	12,518	8,996	54,710	45,801	99,218	74,260	28,136
Trade Debtors	244,299	391,048	232,605	279,060	276,483	102,011	76,957	80,992	66,968	162,989	99,653	204,520	133,931	167,475	372,498	98,186
Group Debtors										10,710	10,500
Misc Debtors	100,025	109,715	93,111	47,757	64,039	80,907	69,190	76,701	74,846
Cash	235,983	294,784	323,426	449,684	161,656	57,123	151,335	120,311	160,967	201,324	518,234	860,699	788,292	1,023,040	863,066	1,257,560
misc current assets
total current assets	630,307	845,547	699,142	864,970	561,278	297,434	347,482	284,254	308,843	387,541	637,383	1,119,929	968,024	1,289,733	1,309,824	1,383,882
total assets	1,598,685	1,706,413	1,487,809	1,718,886	1,465,692	1,133,696	1,194,145	1,097,973	849,625	395,128	637,540	1,129,119	984,115	1,315,750	1,335,596	1,400,807
Bank overdraft
Bank loan
Trade Creditors	179,423	86,308	55,999	31,521	81,590	63,335	100,878	47,913	78,667	224,300	336,129	317,798	194,344	315,325	321,726	458,016
Group/Directors Accounts
other short term finances			245,000
hp & lease commitments	8,388	5,034	8,256	7,783
other current liabilities	1,316,274	1,374,225	1,053,195	1,136,614	852,042	836,831	668,074	433,547	260,340
total current liabilities	1,504,085	1,465,567	1,362,450	1,175,918	933,632	900,166	768,952	481,460	339,007	224,300	336,129	317,798	194,344	315,325	321,726	458,016
loans
hp & lease commitments	9,241		5,034	13,290
Accruals and Deferred Income
other liabilities				200,000	221,074		100,000	100,000	100,000
provisions
total long term liabilities	9,241		5,034	213,290	221,074		100,000	100,000	100,000
total liabilities	1,513,326	1,465,567	1,367,484	1,389,208	1,154,706	900,166	868,952	581,460	439,007	224,300	336,129	317,798	194,344	315,325	321,726	458,016
net assets	85,359	240,846	120,325	329,678	310,986	233,530	325,193	516,513	410,618	170,828	301,411	811,321	789,771	1,000,425	1,013,870	942,791
total shareholders funds	85,359	240,846	120,325	329,678	310,986	233,530	325,193	516,513	410,618	170,828	301,411	811,321	789,771	1,000,425	1,013,870	942,791

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	643,293	-130,060	-203,983	22,771	95,515	-192,445	-191,999	-44,457	118,676	-132,382	-513,357	23,865	-215,182	-18,160	93,419	1,256,496
Depreciation	28,486	26,928	25,947	26,689	18,271	22,884	22,318	18,911	3,427	1,033	9,190	11,072	14,378	15,086	11,488	11,258
Amortisation	289,115	316,298	330,211	287,313	156,323	230,886	160,722
Tax	-164,306			-4,385	-18,169				-23,916			-6,437			-27,642	-352,699
Stock			-38,469	29,369	1,707	7,393	43,750	188	-6,456	3,522	-45,714	8,909	-53,417	24,958	46,124	28,136
Debtors	-156,439	175,047	-1,101	-13,705	157,604	36,771	-11,546	15,879	-31,885	63,546	-94,367	70,589	-33,544	-205,023	274,312	98,186
Creditors	93,115	30,309	24,478	-50,069	18,255	-37,543	52,965	-30,754	-145,633	-111,829	18,331	123,454	-120,981	-6,401	-136,290	458,016
Accruals and Deferred Income	-57,951	321,030	-83,419	284,572	15,211	168,757	234,527	173,207	260,340
Deferred Taxes & Provisions
Cash flow from operations	988,191	389,458	132,804	551,227	126,095	148,375	246,329	100,840	251,235	-310,246	-345,755	72,456	-234,824	170,590	-379,461	1,246,749
Investing Activities
capital expenditure	-425,113	-415,425	-290,909	-263,504	-242,746	-243,369	-215,984	-291,848	-536,622	-8,463	-157	-4,171	-4,452	-15,331	-20,335	-28,183
Change in Investments
cash flow from investments	-425,113	-415,425	-290,909	-263,504	-242,746	-243,369	-215,984	-291,848	-536,622	-8,463	-157	-4,171	-4,452	-15,331	-20,335	-28,183
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans		-245,000	245,000
Long term loans
Hire Purchase and Lease Commitments	12,595	-8,256	-7,783	21,073
other long term liabilities			-200,000	-21,074	221,074	-100,000			100,000
share issue	-648,406	250,000				100,000		150,000	144,125							35,850
interest	13,933	581	-5,370	306	109	782	679	352	906	1,799	3,447	4,122	4,528	4,715	5,302	3,144
cash flow from financing	-621,878	-2,675	31,847	305	221,183	782	679	150,352	245,031	1,799	3,447	4,122	4,528	4,715	5,302	38,994
cash and cash equivalents
cash	-58,801	-28,642	-126,258	288,028	104,533	-94,212	31,024	-40,656	-40,357	-316,910	-342,465	72,407	-234,748	159,974	-394,494	1,257,560
overdraft
change in cash	-58,801	-28,642	-126,258	288,028	104,533	-94,212	31,024	-40,656	-40,357	-316,910	-342,465	72,407	-234,748	159,974	-394,494	1,257,560

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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COMPUTER APPLICATION SERVICES LIMITED group structure

Computer Application Services Limited has 1 subsidiary company.

Ultimate parent company

COMPUTER APPLICATION SERVICES LIMITED

SC102278

1 subsidiary

CAS (EBT) LIMITED

SC461988

COMPUTER APPLICATION SERVICES LIMITED Shareholders

capital for colleagues plc	28.88%
kenneth naismith	11.53%
t j morris limited	10.01%
harrock investments	10.01%
cas (ebt) limited	9.59%
chris ellis	8.66%
ian ritchie	8.41%
irma maclachlan	2.49%
simon lippman	1.94%
marc forrest	1.94%

Computer Application Services Limited currently has 4 directors. The longest serving directors include Mr Ian Ritchie (Dec 2005) and Mr Kenneth Naismith (Oct 2013).

officer	country	age	start	end	role
Mr Ian Ritchie	Scotland	74 years	Dec 2005	-	Director
Mr Kenneth Naismith	United Kingdom	66 years	Oct 2013	-	Director
Mr Christian Ellis	Scotland	51 years	Jan 2014	-	Director
Mrs Irma MacLachlan	Scotland	53 years	Oct 2019	-	Director

P&L

March 2024

turnover

2.5m

-6%

operating profit

643.3k

gross margin

57.8%

-2.69%

turnover

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

Balance Sheet

March 2024

net assets

85.4k

-0.65%

total assets

1.6m

-0.06%

cash

236k

-0.2%

net assets

Total assets minus all liabilities

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company number

SC102278

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

62020 - Computer consultancy activities

incorporation date

December 1986

ultimate parent company

None

previous names

heriot-watt computer application services limited (August 1997)

dunwilco (36) limited (February 1987)

address

3/2 quantum court, heriot-watt research park south, edinburgh, midlothian, EH14 4AP

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 found 3 charges/mortgages relating to computer application services limited. Currently there are 2 open charges and 1 have been satisfied in the past.

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computer application services limited Company Information

computer application services limited Estimated Valuation

computer application services limited Estimated Valuation

computer application services limited Estimated Valuation

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