Psalter Developments Limited

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psalter developments limited Company Information

Live

MatureSmallDeclining

Company Number

04786107

Website

Registered Address

68 queen street, sheffield, S1 1WR

Industry

Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

Telephone

Next Accounts Due

January 2025

Group Structure

View All

Directors

Naseem Hamed16 Years

Shareholders

naseem hamed enterprises limited 100%

psalter developments limited Estimated Valuation

£939.9k

Pomanda estimates the enterprise value of PSALTER DEVELOPMENTS LIMITED at £939.9k based on a Turnover of £2.1m and 0.44x industry multiple (adjusted for size and gross margin).

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Psalter Developments Limited is a live company located in sheffield, S1 1WR with a Companies House number of 04786107. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in June 2003, it's largest shareholder is naseem hamed enterprises limited with a 100% stake. Psalter Developments Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.1m with declining growth in recent years.

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Pomanda's financial health check has awarded Psalter Developments Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

3 Regular

5 Weak

Size

annual sales of £2.1m, make it in line with the average company (£1.8m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (5.9%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PSALTER DEVELOPMENTS LIMITED group structure

Psalter Developments Limited has no subsidiary companies.

Ultimate parent company

NASEEM HAMED ENTERPRISES LIMITED

03042889

1 parent

PSALTER DEVELOPMENTS LIMITED

04786107

PSALTER DEVELOPMENTS LIMITED Shareholders

naseem hamed enterprises limited

100%

Psalter Developments Limited currently has 1 director, Mr Naseem Hamed serving since Jul 2007.

officer	country	age	start	end	role
Mr Naseem Hamed	United Kingdom	50 years	Jul 2007	-	Director

EXPORT

Psalter Developments Limited's latest turnover from April 2023 is estimated at £2.1 million and the company has net assets of £367 thousand. According to their latest financial statements, Psalter Developments Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	2,145,152	1,946,401	2,042,490	2,191,645	1,830,070	1,793,642	1,668,452	2,390,552	7,988,660	7,724,369	8,577,971	7,622,039	7,428,454	4,694,786
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,187,085	1,079,940	1,138,320	1,196,755	970,916	966,806	834,554	1,176,508	3,965,658	3,899,415	4,250,401	3,726,782	3,651,361	2,246,015
Gross Profit	958,067	866,461	904,170	994,891	859,154	826,835	833,898	1,214,044	4,023,002	3,824,954	4,327,570	3,895,257	3,777,093	2,448,771
Admin Expenses	958,870	867,144	905,579	996,440	861,018	829,383	836,851	1,217,533	4,030,927	3,829,594	4,332,196	3,899,714	3,782,091	1,880,980
Operating Profit	-803	-683	-1,409	-1,549	-1,864	-2,548	-2,953	-3,489	-7,925	-4,640	-4,626	-4,457	-4,998	567,791
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	2	1	0	0	3	11	4	0	1	1	1	2	6	5
Pre-Tax Profit	-801	-682	-1,409	-1,549	-1,861	-2,537	-2,949	-3,489	-7,924	-4,639	-4,625	-4,455	-4,992	567,796
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	-158,983
Profit After Tax	-801	-682	-1,409	-1,549	-1,861	-2,537	-2,949	-3,489	-7,924	-4,639	-4,625	-4,455	-4,992	408,813
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-801	-682	-1,409	-1,549	-1,861	-2,537	-2,949	-3,489	-7,924	-4,639	-4,625	-4,455	-4,992	408,813
Employee Costs	49,279	45,681	43,701	42,969	44,326	42,705	42,038	42,828	2,964,955	2,907,775	3,219,333	2,754,719	2,697,287	1,833,306
Number Of Employees	1	1	1	1	1	1	1	1	69	70	80	70	70	49
EBITDA*	-803	-683	-1,409	-1,549	-1,864	-2,548	-2,953	-3,489	-7,925	-4,640	-4,626	-4,457	-4,998	567,791

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	61,750	61,750	61,750	61,750	61,750	61,750	61,750	61,750	165,000	165,000	0	165,000	165,000	0
Total Fixed Assets	61,750	61,750	61,750	61,750	61,750	61,750	61,750	61,750	165,000	165,000	0	165,000	165,000	0
Stock & work in progress	2,271,940	2,271,940	2,271,940	2,271,940	2,271,940	2,271,940	2,271,940	2,271,940	2,271,940	2,271,940	2,271,940	2,271,940	2,271,240	2,265,004
Trade Debtors	0	0	0	0	247,000	247,000	247,000	350,250	660,000	660,000	825,000	660,000	660,000	172,590
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	247,000	247,000	247,000	247,000	0	0	0	0	0	0	0	0	0	660,000
Cash	0	83	83	83	0	913	3,338	21	93	165	261	323	460	2,028
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,518,940	2,519,023	2,519,023	2,519,023	2,518,940	2,519,853	2,522,278	2,622,211	2,932,033	2,932,105	3,097,201	2,932,263	2,931,700	3,099,622
total assets	2,580,690	2,580,773	2,580,773	2,580,773	2,580,690	2,581,603	2,584,028	2,683,961	3,097,033	3,097,105	3,097,201	3,097,263	3,096,700	3,099,622
Bank overdraft	0	0	0	0	12	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	0	0	0	0	0	2,714,755	2,706,903	2,702,360	2,697,797	2,692,779	2,690,709
Group/Directors Accounts	2,213,689	2,212,971	2,210,970	2,209,476	2,207,388	2,206,428	2,206,175	2,302,095	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	1,319	1,404	1,848	1,872	2,013	3,077	0	0	0	0	0	0
total current liabilities	2,213,689	2,212,971	2,212,289	2,210,880	2,209,248	2,208,300	2,208,188	2,305,172	2,714,755	2,706,903	2,702,360	2,697,797	2,692,779	2,690,709
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	2,213,689	2,212,971	2,212,289	2,210,880	2,209,248	2,208,300	2,208,188	2,305,172	2,714,755	2,706,903	2,702,360	2,697,797	2,692,779	2,690,709
net assets	367,001	367,802	368,484	369,893	371,442	373,303	375,840	378,789	382,278	390,202	394,841	399,466	403,921	408,913
total shareholders funds	367,001	367,802	368,484	369,893	371,442	373,303	375,840	378,789	382,278	390,202	394,841	399,466	403,921	408,913

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-803	-683	-1,409	-1,549	-1,864	-2,548	-2,953	-3,489	-7,925	-4,640	-4,626	-4,457	-4,998	567,791
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	-158,983
Stock	0	0	0	0	0	0	0	0	0	0	0	700	6,236	2,265,004
Debtors	0	0	0	0	0	0	-103,250	-413,000	0	0	0	0	-7,590	832,590
Creditors	0	0	0	0	0	0	0	-2,714,755	7,852	4,543	4,563	5,018	2,070	2,690,709
Accruals and Deferred Income	0	-1,319	-85	-444	-24	-141	-1,064	3,077	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-803	-2,002	-1,494	-1,993	-1,888	-2,689	99,233	-2,302,167	-73	-97	-63	-139	-1,574	1,923
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	718	2,001	1,494	2,088	960	253	-95,920	2,302,095	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	2	1	0	0	3	11	4	0	1	1	1	2	6	5
cash flow from financing	720	2,002	1,494	2,088	963	264	-95,916	2,302,095	1	1	1	2	6	105
cash and cash equivalents
cash	-83	0	0	83	-913	-2,425	3,317	-72	-72	-96	-62	-137	-1,568	2,028
overdraft	0	0	0	-12	12	0	0	0	0	0	0	0	0	0
change in cash	-83	0	0	95	-925	-2,425	3,317	-72	-72	-96	-62	-137	-1,568	2,028

P&L

April 2023

turnover

2.1m

+10%

operating profit

-802.8

gross margin

44.7%

+0.33%

turnover

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

Balance Sheet

April 2023

net assets

367k

total assets

2.6m

cash

-1%

net assets

Total assets minus all liabilities

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company number

04786107

Type

Private limited with Share Capital

industry

74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

incorporation date

June 2003

age

accounts

Total Exemption Full

ultimate parent company

NASEEM HAMED ENTERPRISES LIMITED

previous names

nhe (northumberland) limited (March 2004)

care star solutions limited (October 2003)

incorporated

address

68 queen street, sheffield, S1 1WR

last accounts submitted

April 2023

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 psalter developments limited.

psalter developments limited Company Information

psalter developments limited Estimated Valuation

psalter developments limited Estimated Valuation

psalter developments limited Estimated Valuation

Psalter Developments Limited AI Business Plan

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