Company Number: 15043544

Analysis Date: 2025-07-29 16:03 UTC

1. Credit Opinion: APPROVE
   D4UD BOOKKEEPING SERVICES LIMITED is a newly incorporated private limited company with its first set of accounts filed for the period ending 31 August 2024. The company operates in bookkeeping services, a niche with steady demand. The financials show modest but positive net assets and net current assets, indicating a sound initial capital structure and working capital position. The single director and 100% shareholder, Mrs. Shazmin Omar Daud, has full control, which simplifies governance but concentrates risk. There are no adverse records or overdue filings. Given the early stage of the business and absence of historical financial trends, approval is recommended with normal monitoring, assuming credit facilities are modest and aligned with the scale of operations.

2. Financial Strength:

• Net Assets stand at £22,864, reflecting positive equity and a solid base for a micro-entity in its first year.
• Fixed assets of £8,947 relate to tangible assets (fixtures, fittings, computer equipment) with depreciation accounted for, showing investment in operational capacity.
• Current Assets of £33,829 mainly comprise debtors (£21,889) and cash (£11,940), while Current Liabilities total £19,912, resulting in a positive net current asset position of £13,917.
• The balance sheet is appropriately balanced with no long-term debt reported, indicating no leverage risk at this early stage.

3. Cash Flow Assessment:

• Cash at bank is £11,940, a satisfactory level for a micro-business, providing liquidity to meet short-term obligations.
• Debtors of £21,889 are significant relative to cash and current liabilities; credit risk from customers should be monitored but does not appear excessive.
• Current liabilities total £19,912, including VAT, taxes, and other creditors, which the company is currently positioned to meet given its working capital surplus.
• Working capital management appears sound but will require ongoing scrutiny as the business grows and more credit exposure accumulates.

4. Monitoring Points:

• Track the development of trade debtors and debtor days to avoid cash flow constraints.
• Monitor profitability and cash generation in subsequent accounting periods to confirm sustainability beyond the start-up phase.
• Review director’s credit exposure and personal guarantees if credit limits increase, given the single-person control structure.
• Keep watch on compliance with filing deadlines and any changes in company status or director conduct.
• Evaluate any growth in liabilities or fixed asset investments that may impact liquidity and solvency.