FIRST ACCOUNTANCY BUSINESS ACCOUNTANTS LTD. Financials
- Company number
- 04404358CopyCopy
- Registered office
- Internet House, 19 Forest Court, Chesterfield S43 4UW
- Incorporated
- 26/03/2002
Company snapshot
- Status
- Active
- Employees
- 5 (2024)
- Latest financial data
- 2024
- Accounts type
- Micro Entity
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-73.38%vs 20232023: £2.69K
Total Assets
175.81%vs 20232023: £11.70K
Cash in Bank
First reported yearTotal Liabilities
250.28%vs 20232023: £9.01K
Employees
0vs 20232023: 5
In 2024, FIRST ACCOUNTANCY BUSINESS ACCOUNTANTS LTD. reported net assets of £717.00. The same filing shows total assets of £32.28K, cash in bank of £10.92K and total liabilities of £31.56K. Reported headcount was 5 in 2024. Total Liabilities rose from £9.01K in 2023 to £31.56K in 2024 (250.28%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-73.38%from £2.69K in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures FIRST ACCOUNTANCY BUSINESS ACCOUNTANTS LTD. filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-70.7%vs 2022-45.9% a year compound (CAGR)
Total Assets
+83.9%vs 2022+35.6% a year compound (CAGR)
Total Liabilities
+1326%vs 2022+278% a year compound (CAGR)
Employees
+25%vs 2022+1Biggest increase
Total Liabilities+1326%
£2.21K in 2022 to £31.56K in 2024
Biggest decrease
Net Assets-70.7%
£2.45K in 2022 to £717.00 in 2024
FIRST ACCOUNTANCY BUSINESS ACCOUNTANTS LTD.'s filings pull in both directions between 2022 and 2024. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from FIRST ACCOUNTANCY BUSINESS ACCOUNTANTS LTD.'s own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 2.22%2024
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 97.78%2024
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 55.86%2021
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 40.72%2021
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for FIRST ACCOUNTANCY BUSINESS ACCOUNTANTS LTD. by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 3.25K | 2.45K | 2.69K | 717.00 |
| Total Assets£ | 26.81K | 17.55K | 11.70K | 32.28K |
| Cash in Bank£ | 10.92K | – | – | – |
| Total Liabilities£ | 19.54K | 2.21K | 9.01K | 31.56K |
| Employees | 4 | 4 | 5 | 5 |
FIRST ACCOUNTANCY BUSINESS ACCOUNTANTS LTD. financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for FIRST ACCOUNTANCY BUSINESS ACCOUNTANTS LTD. covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
FIRST ACCOUNTANCY BUSINESS ACCOUNTANTS LTD. reported net assets of £717.00 for 2024. That compares with £2.69K in 2023, a change of -73.38%.
FIRST ACCOUNTANCY BUSINESS ACCOUNTANTS LTD. reported total assets of £32.28K for 2024. That compares with £11.70K in 2023, a change of 175.81%.
FIRST ACCOUNTANCY BUSINESS ACCOUNTANTS LTD. reported cash in bank of £10.92K for 2021. There is no earlier filing to compare it against.
FIRST ACCOUNTANCY BUSINESS ACCOUNTANTS LTD. reported 5 employees in 2024, compared with 5 in 2023.
Between 2022 and 2024, FIRST ACCOUNTANCY BUSINESS ACCOUNTANTS LTD.'s net assets fell by 70.7%, total assets rose by 83.9%, total liabilities rose by 1326% and employee numbers rose by 25%. Net assets contracted at 45.9% a year across the two years to 2024, from £2.45K to £717.00. Reported headcount went from 4 in 2022 to 5 in 2024 (+1).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.