Gary Smith Photography Ltd

Key Facts

Net Assets

Current: £174

Previous: £3,853

Change: -3,679 (-95.5%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £2,328

Previous: £10,897

Change: -£8,569 (-78.6%)

Comment: Current assets dropped sharply, indicating reduced liquidity.

Cash

Current: £1,381

Previous: £10,897

Change: -£9,516 (-87.3%)

Comment: Cash dropped sharply, indicating a major decline in liquidity.

Creditors 1 Year

Current: £4,677

Previous: £10,408

Change: -£5,731 (-55.1%)

Comment: Short‑term creditors fell significantly.

Net Current Assets Liabilities

Current: £2,349

Previous: £489

Change: +£1,860 (+380.4%)

Comment: Net current assets rose sharply, indicating a strong improvement in working capital.

Fixed Assets

Current: Not reported

Previous: Not reported

Comment: Not reported

Turnover

Current: Not reported

Previous: Not reported

Comment: Turnover not reported for either period, which is common for micro‑entity and small business.

Employees

Current: 1

Previous: 1

Change: +0 (+0%)

Comment: No change in team size.