# PRACTICAL ACCOUNTING LIMITED (04568607)

> PRACTICAL ACCOUNTING LIMITED is an active private limited company (company number 04568607) incorporated on 21 October 2002, registered in Staffordshire. Its registered activity is accounting and auditing activities (SIC 69201). Latest micro accounts cover the period ending 31 December 2024, showing net assets of £55k, with 5 employees on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets rose 23% on the prior period (£45k).

- Status: Active
- Incorporated: 2002-10-21
- Registered office: Staffordshire, B79 8AD
- SIC 69201: Accounting and auditing activities
- Next accounts due: 2026-09-30
- Confirmation statement due: 2026-11-04
- Accounts type: MICRO ENTITY

By net assets it sits in the top quarter of 1,589 comparable companies in Birmingham (median £3,830, upper quartile £31k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2024-12-31 | £55k | — | — | £135k | — | — | 5 |
| 2023-12-31 | £45k | — | — | £138k | — | — | 5 |

current ratio 1.31; size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £55,120 at 31 December 2024
- Net assets up 10% or more on the prior period: +22.8% vs prior period
- Incorporated five or more years ago: Incorporated 21 October 2002
- Accounts past their due date: Due 30 September 2026

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Stephen Daniels — owns 50–75% of shares; holds 50–75% of voting rights, since 2016-04-06

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/04568607
HTML: https://firmoscan.com/company/04568607-practical-accounting-limited