Larc Development Trust
Registered name: LARC DEVELOPMENT TRUST
Larc Development Trust made £184k revenue and £8k profit in the year to 31 Mar 2023.
Larc Development Trust’s revenue grew 28% to £184k in the year to 31 Mar 2023, with £8k profit and 9 employees. The company is classified under “cultural education” and is based in Leominster; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Leominster, West Midlands
- Age
- 28 yrs · since 1998
- Type
- PRI/LBG/NSC (Private, Limited by guarantee, no share capital, use of 'Limited' exemption)
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £143k | £184k |
| Cost of sales | £92k | £145k |
| Gross profit | £51.4k | £39k |
| Operating profit | £28.5k | £8k |
| Profit before tax | £18.6k | £8k |
| Profit after tax | £18.6k | £8k |
| Profit (best available) | £18.6k | £8k |
| Employees (average) | 7 | 9 |
| Ratios | ||
| Profit margin | 13% | 4.3% |
| Gross margin | 35.9% | 21.2% |
| Revenue per employee | £20.5k | £20.4k |
| Profit per employee | £2.7k | £887 |
| Growth (year on year) | ||
| Revenue growth | — | ▲28.2% |
| Profit growth | — | ▼57.1% |
| Headcount growth | — | ▲28.6% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £95k | £91.4k |
| Net assets | £2.9m | £2.9m |
| Fixed assets | £2.8m | £2.8m |
| Current assets | £99.3k | £100k |
| Debtors | £3.4k | £7.6k |
| Deferred income | £22.4k | £15k |
| Source | FullAccounts · bulk data Nov 2023 | FullAccounts · bulk data Nov 2023 |
How the business works
- Profit margin
- 4.3%
- Profit ÷ revenue.
- Gross margin
- 21.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £20.4k
- Revenue ÷ average employees.
- Profit per employee
- £887
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1534%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 8.1%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 4.1%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲0%
- Now £2.9m
- Cash at bank
- ▼4%
- Now £91.4k
- Headcount
- ▲29%
- Now 9
- Deferred income
- ▼33%
- Now £15k
- Fixed assets
- ▲0%
- Now £2.8m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2023 (profit £8k), from the Companies House accounts bulk data published Nov 2023. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.