Innovative Accountants Ltd

Key Facts

Net Assets

Current: £170,176

Previous: £165,357

Change: +4,819 (+2.9%)

Comment: Slight improvement in net assets and liabilities.

Current Assets

Current: £11,693

Previous: £14,917

Change: -£3,224 (-21.6%)

Comment: Current assets reduced noticeably.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £587,165

Previous: £359,065

Change: +£228,100 (+63.5%)

Comment: Short‑term creditors rose sharply, indicating higher short‑term liabilities.

Net Current Assets Liabilities

Current: £154,759

Previous: £387,678

Change: -£232,919 (-60.1%)

Comment: Net current assets dropped sharply, indicating a major decline in working capital.

Fixed Assets

Current: £912,100

Previous: £912,100

Change: +£0 (+0%)

Comment: No change in fixed assets.

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.