Hutchings Accountants Limited

Key Facts

Net Assets

Current: £5,854

Previous: £18,663

Change: -12,809 (-68.6%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £80,665

Previous: £105,964

Change: -£25,299 (-23.9%)

Comment: Current assets reduced noticeably.

Cash

Current: £28,888

Previous: £11,190

Change: +£17,698 (+158.2%)

Comment: Cash rose sharply, indicating a strong improvement in liquidity.

Creditors 1 Year

Current: £90,043

Previous: £88,478

Change: +£1,565 (+1.8%)

Comment: Short‑term creditors increased slightly.

Net Current Assets Liabilities

Current: £9,378

Previous: £17,486

Change: -£8,108 (-46.4%)

Comment: Net current assets fell significantly, reducing short‑term solvency.

Fixed Assets

Current: £3,524

Previous: £1,177

Change: +£2,347 (+199.4%)

Comment: Fixed assets increased significantly.

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: 5

Previous: 5

Change: +0 (+0%)

Comment: No change in team size.