Gear Down Competitions Ltd

Key Facts

Net Assets

Current: £131,266

Previous: £62,133

Change: +69,133 (+111.3%)

Comment: Significant rise in net assets and liabilities.

Current Assets

Current: £206,672

Previous: £135,781

Change: +£70,891 (+52.2%)

Comment: Current assets increased significantly.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £9,092

Previous: £17,338

Change: -£8,246 (-47.6%)

Comment: Short‑term creditors fell significantly.

Net Current Assets Liabilities

Current: £117,944

Previous: £51,588

Change: +£66,356 (+128.6%)

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

Fixed Assets

Current: £24,914

Previous: £30,383

Change: -£5,469 (-18%)

Comment: Fixed assets reduced noticeably.

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: 3

Previous: 1

Change: +2 (+200%)

Comment: Strengthening the team.