Circle It Solutions Limited in Godalming, GU7 2QN

Description

Data updated on: 01-11-2023

This business is widely known as Circle It Solutions Limited. The company was established 25 years ago and was registered with 03757454 as its reg. no. The headquarters of the company is situated in Godalming. You can contact them at The Wharf Abbey Mill Business Park, Lower Eashing. Although lately it's been operating under the name of Circle It Solutions Limited, it previously was known under a different name. This firm was known as Glamorgan Telecom (group) until 2002-07-18, at which point the company name was changed to First Choice Computers. The last change came on 2003-07-28. This company's SIC and NACE codes are 62020 meaning Information technology consultancy activities. Friday 31st December 2021 is the last time when the accounts were filed.

Having three job announcements since September 29, 2017, the company has been a quite active employer on the employment market. On September 29, 2017, it was seeking new workers for a Senior HR Advisor, 12 month fixed term contract position in Cardiff, and on September 29, 2017, for the vacant position of a Purchase Ledger Assistant (6 month fixed term contract) in Cardiff. So far, they have needed candidates for the Procurement Coordinator, 6 month Fixed Term Contract posts.

The directors currently chosen by this particular company are as follow: Richard B. selected to lead the company in 2021 in October and Roger H. selected to lead the company in 2002.

Previous company's names
Circle It Solutions Limited 2003-07-28
First Choice Computers Limited 2002-07-18
Glamorgan Telecom (group) Limited 1999-04-22

Financial data based on annual reports

Profit & Loss
Date of Accounts	2018-11-30	2019-11-30	2020-11-30	2021-10-31
Currency

Balance Sheet
Cash Bank On Hand	506 079	1 077 367	2 769 181	2 068 499
Current Assets	2 743 746	3 095 073	5 990 872	8 690 721
Debtors	2 150 810	1 962 140	3 181 125	6 574 388
Net Assets Liabilities	1 006 564	1 389 734	2 336 838	5 266 585
Other Debtors	63 992	113 992	127 143	115 429
Property Plant Equipment	41 578	36 086	70 786	156 730
Total Inventories	86 857	55 566	40 566	47 834

Other Financial Data
Audit Fees Expenses	8 500	8 500	9 000	9 500
Accrued Liabilities Deferred Income	491 128	442 885	1 642 416	2 547 270
Accumulated Amortisation Impairment Intangible Assets	37 000	69 722	110 350	153 136
Accumulated Depreciation Impairment Property Plant Equipment	480 239	510 272	546 315	596 778
Additional Provisions Increase From New Provisions Recognised		-268	-5 491
Additions Other Than Through Business Combinations Intangible Assets		13 351	27 110	7 585
Additions Other Than Through Business Combinations Property Plant Equipment		24 541	70 743	136 407
Administration Support Average Number Employees	24	19	21	14
Administrative Expenses	2 978 797	3 171 927	3 224 109	3 394 112
Amortisation Expense Intangible Assets	31 166	32 722	40 628	42 786
Amortisation Rate Used For Intangible Assets		10	10	10
Amounts Owed By Directors	324 396	516 250	613 369
Amounts Owed By Group Undertakings	12			1 070 171
Amounts Owed To Group Undertakings				72 228
Applicable Tax Rate	19	19	19	19
Average Number Employees During Period	75	78	81	93
Bank Borrowings Overdrafts			5 000
Cancellation Subscribed Capital Decrease In Equity			251 250
Cash Cash Equivalents Cash Flow Value	506 079	1 077 367	2 769 181	2 068 499
Cash Flows Used In Acquiring Or Obtaining Control Subsidiaries Or Other Businesses Classified As Investing Activities				1 471 288
Comprehensive Income Expense	377 717	572 668	1 347 034	3 328 876
Corporation Tax Payable	103 234	171 804	352 202
Corporation Tax Recoverable				334 871
Cost Sales	11 434 853	10 361 958	11 258 627	14 509 959
Creditors	2 051 254	1 994 815	3 910 330	5 532 313
Current Tax For Period	103 406	112 426	309 642	-204 031
Deferred Tax Asset Debtors				391 643
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	-5 771	-268	-5 491	-385 391
Deferred Tax Liabilities	-493	-761	-6 252
Depreciation Expense Property Plant Equipment	59 883	30 033	36 043	50 463
Depreciation Rate Used For Property Plant Equipment		33	33	33
Dividends Paid	169 585	189 498	217 464	732 300
Dividends Paid Classified As Financing Activities	169 585	189 498	217 464	732 300
Dividends Paid On Shares	169 585	189 498	217 464
Exercise Options Rights Or Warrants Increase In Equity				333 171
Finance Lease Liabilities Present Value Total			11 882	23 967
Finance Lease Payments Owing Minimum Gross			26 735	28 760
Fixed Assets	313 579	288 715	309 897	2 736 928
Future Minimum Lease Payments Under Non-cancellable Operating Leases	519 915	323 165	285 674	123 157
Gain Loss In Cash Flows From Change In Accrued Items	90 174	-48 243	1 199 531	1 048 812
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	7 480	-76 766	518 704	565 018
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-507 174	188 671	-1 218 985	-3 001 620
Gain Loss In Cash Flows From Change In Inventories	-57 755	31 291	15 000	-7 268
Gain Loss On Non-financing Activities Due To Foreign Exchange Differences Recognised In Profit Or Loss	-3 688	-3 306	-3 108	-214
Government Grant Income			53 130
Gross Profit Loss	3 471 466	3 694 260	4 700 514	5 899 044
Income Expense Recognised Directly In Equity		-189 498	-399 930	-399 129
Income Taxes Paid Refund Classified As Operating Activities	59 234	-132 808		42 560
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	-162 540	571 288	1 691 814	-700 682
Increase Decrease In Current Tax From Adjustment For Prior Periods	2 577	4 350	-129 244	-105 611
Increase Decrease In Net Debt From Cash Flows			-1 615 079	688 679
Increase Decrease In Provisions Through Transfers Reclassifications				6 252
Increase From Amortisation Charge For Year Intangible Assets		32 722	40 628	42 786
Increase From Depreciation Charge For Year Property Plant Equipment		30 033	36 043	50 463
Intangible Assets	272 000	252 629	239 111	203 910
Intangible Assets Gross Cost	309 000	322 351	349 461	357 046
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings	4 746	129	27	18 552
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	10 020	14 042	7 918	3 121
Interest Income On Cash Cash Equivalents	26		351	144
Interest Paid Classified As Operating Activities	14 766	14 171	7 945	21 673
Interest Payable Similar Charges Finance Costs	14 766	14 171	7 945	21 673
Interest Received Classified As Operating Activities	26		351	144
Investments	1	-1		2 376 288
Investments Fixed Assets	1			2 376 288
Investments In Group Undertakings	1	-1		2 376 288
Issue Warrantsoptions For Consideration Net Tax Increase In Equity			68 784
Net Cash Flows From Used In Financing Activities	-189 312	-189 498	-374 495	-411 132
Net Cash Flows From Used In Investing Activities	-15 697	-37 892	-62 207	-1 579 024
Net Cash Flows From Used In Operating Activities	42 469	798 678	2 128 516	1 289 474
Net Cash Generated From Operations	116 443	680 041	2 189 240	1 353 563
Net Current Assets Liabilities	692 492	1 100 258	2 080 542	3 158 408
Net Debt Funds		-1 077 367	-2 692 446	-1 967 511
Net Deferred Tax Liability Asset	-2 224	-2 147	-6 252	-391 643
New Finance Leases				36 256
Number Equity Instruments Exercisable Share-based Payment Arrangement			5 551
Number Equity Instruments Exercised Share-based Payment Arrangement				-6 171
Number Equity Instruments Granted Share-based Payment Arrangement			5 551	620
Number Equity Instruments Outstanding Share-based Payment Arrangement			5 551
Number Shares Issued But Not Fully Paid			35 100	41 271
Number Shares Issued Fully Paid	20	20	2 200	2 200
Operating Profit Loss	492 669	522 333	1 529 535	2 655 372
Other Creditors	15 330	18 441	24 197	454 443
Other Interest Receivable Similar Income Finance Income	26		351	144
Other Operating Income Format1			53 130	150 440
Other Remaining Operating Income				150 440
Other Taxation Social Security Payable	170 898	465 854	379 365	555 061
Par Value Share		1	0	0
Payments Finance Lease Liabilities Classified As Financing Activities	19 727		8 911	34 231
Payments To Acquire Or Redeem Own Shares Other Equity Instruments			251 250
Pension Costs Defined Contribution Plan	58 966	87 685	102 013	101 182
Pension Other Post-employment Benefit Costs Other Pension Costs	95 160	145 409	154 612	455 814
Prepayments Accrued Income	474 400	427 811	1 179 226	1 215 774
Proceeds From Borrowings Classified As Financing Activities			50 000
Proceeds From Government Grants Classified As Financing Activities			53 130
Proceeds From Issuing Shares				333 171
Proceeds From Repayment Loans Advances To Group Undertakings Classified As Financing Activities				72 228
Proceeds From Sales Intangible Assets	4 375
Production Average Number Employees	39	47	47	64
Profit Loss	377 717	572 668	1 347 034	3 328 876
Profit Loss On Ordinary Activities Before Tax	477 929	508 162	1 521 941	2 633 843
Property Plant Equipment Gross Cost	521 817	546 358	617 101	753 508
Provisions	-493	-761	-6 252
Provisions For Liabilities Balance Sheet Subtotal	-493	-761	-6 252
Purchase Intangible Assets		13 351	27 110	7 585
Purchase Property Plant Equipment	20 072	24 541	35 097	100 151
Raw Materials	86 857	55 566	40 566	47 834
Repayments Borrowings Classified As Financing Activities				50 000
Revenue From Sale Goods	14 906 319	14 056 218	15 959 141	20 409 003
Share-based Payment Expense Equity Settled			68 784
Social Security Costs	303 588	316 195	353 411	359 729
Staff Costs Employee Benefits Expense	3 407 639	3 627 377	4 038 760	4 894 419
Tax Expense Credit Applicable Tax Rate	90 807	96 551	289 169	500 430
Tax Increase Decrease From Effect Capital Allowances Depreciation	850			9 360
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	5 978	15 575	15 072	55 102
Tax Tax Credit On Profit Or Loss On Ordinary Activities	100 212	-64 506	174 907	-695 033
Total Assets Less Current Liabilities	1 006 071	1 388 973	2 390 439	5 895 336
Total Current Tax Expense Credit	105 983	-64 238	180 398	-309 642
Trade Creditors Trade Payables	1 270 664	895 831	1 495 268	1 879 344
Trade Debtors Trade Receivables	1 288 010	904 087	1 261 387	3 446 500
Turnover Revenue	14 906 319	14 056 218	15 959 141	20 409 003
Wages Salaries	3 008 891	3 165 773	3 530 737	4 078 876
Weighted Average Exercise Price Equity Instruments Exercisable Share-based Payment Arrangement			36
Weighted Average Exercise Price Equity Instruments Exercised Share-based Payment Arrangement				54
Weighted Average Exercise Price Equity Instruments Granted Share-based Payment Arrangement			36	215
Weighted Average Exercise Price Equity Instruments Outstanding Share-based Payment Arrangement			36
Advances Credits Directors	324 396	516 250	613 369
Advances Credits Made In Period Directors	234 533	376 778	370 714	569 520
Advances Credits Repaid In Period Directors	181 100	184 924	273 595	1 182 889
Company Contributions To Money Purchase Plans Directors	36 194	57 724	52 599	41 932
Director Remuneration	102 606	180 345	300 498	322 783
Director Remuneration Benefits Excluding Payments To Third Parties	138 800	238 069	353 097	364 715
Number Directors Accruing Benefits Under Money Purchase Scheme	4	4	4	3
Number Directors Who Exercised Share Options				1