SOMERSET ACCOUNTANCY SERVICES LTD Financials
- Company number
- 04483112CopyCopy
- Registered office
- 22 Wessex Park, Bancombe Business Park, Somerton, Somerset TA11 6SB
- Incorporated
- 11/07/2002
Company snapshot
- Status
- Active
- Employees
- 9 (2026)
- Latest financial data
- 2026
- Accounts type
- Unaudited abridged
Financial highlights
Latest reported figures. Okredo holds filed data for 2022–2026.
Net Assets
34.44%vs 20252025: £97.29K
Total Assets
-7.83%vs 20252025: £428.84K
Cash in Bank
-25.48%vs 20252025: £162.43K
Total Liabilities
-21.00%vs 20252025: £307.84K
Employees
+1vs 20252025: 8
In 2026, SOMERSET ACCOUNTANCY SERVICES LTD reported net assets of £130.79K. The same filing shows total assets of £395.27K, cash in bank of £121.05K and total liabilities of £243.18K. Reported headcount was 9 in 2026. Total Liabilities fell from £307.84K in 2025 to £243.18K in 2026 (-21.00%). Okredo holds filed figures for 2022–2026; 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
34.44%from £97.29K in 2025Year-on-year change
Net Assets as filed for 2022–2026. Every figure in this chart is also in the financial history table.
3-year financial trend (2024–2026)
How the figures SOMERSET ACCOUNTANCY SERVICES LTD filed moved across the three reported years 2024, 2025 and 2026 — measured end to end rather than year on year.
Net Assets
+143%vs 2024+55.9% a year compound (CAGR)
Cash in Bank
-3.1%vs 2024-1.5% a year compound (CAGR)
Total Assets
-1.4%vs 2024-0.7% a year compound (CAGR)
Total Liabilities
-25.3%vs 2024-13.5% a year compound (CAGR)
Employees
+12.5%vs 2024+1Biggest increase
Net Assets+143%
£53.84K in 2024 to £130.79K in 2026
Biggest decrease
Total Liabilities-25.3%
£325.33K in 2024 to £243.18K in 2026
SOMERSET ACCOUNTANCY SERVICES LTD's filings pull in both directions between 2024 and 2026. The steepest rise came in net assets, pointing to a strengthening balance sheet, set against a fall in total liabilities, pointing to lighter outstanding obligations. See the full year-by-year figures.
Ratios from the filed figures
Calculated from SOMERSET ACCOUNTANCY SERVICES 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
- 33.09%2026
- 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
- 61.52%2026
- 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
- 49.78%2026
- 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
- 30.62%2026
- 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 SOMERSET ACCOUNTANCY SERVICES LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Net Assets£ | 28.85K | 51.55K | 53.84K | 97.29K | 130.79K |
| Total Assets£ | 296.28K | 444.08K | 401.03K | 428.84K | 395.27K |
| Cash in Bank£ | 146.96K | 123.76K | 124.89K | 162.43K | 121.05K |
| Total Liabilities£ | 257.08K | 379.49K | 325.33K | 307.84K | 243.18K |
| Employees | 10 | 8 | 8 | 8 | 9 |
SOMERSET ACCOUNTANCY SERVICES LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for SOMERSET ACCOUNTANCY SERVICES LTD covering 2022–2026, across 5 reported indicators. The most recent reported year is 2026.
SOMERSET ACCOUNTANCY SERVICES LTD reported net assets of £130.79K for 2026. That compares with £97.29K in 2025, a change of 34.44%.
SOMERSET ACCOUNTANCY SERVICES LTD reported total assets of £395.27K for 2026. That compares with £428.84K in 2025, a change of -7.83%.
SOMERSET ACCOUNTANCY SERVICES LTD reported cash in bank of £121.05K for 2026. That compares with £162.43K in 2025, a change of -25.48%.
SOMERSET ACCOUNTANCY SERVICES LTD reported 9 employees in 2026, compared with 8 in 2025.
Between 2024 and 2026, SOMERSET ACCOUNTANCY SERVICES LTD's net assets rose by 143%, cash in bank fell by 3.1%, total assets fell by 1.4% and total liabilities fell by 25.3%. Net assets compounded at 55.9% a year across the two years to 2026, from £53.84K to £130.79K. Reported headcount went from 8 in 2024 to 9 in 2026 (+1).
Okredo holds reported figures for the years 2022, 2023, 2024, 2025, 2026. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.