Iro Painting And Decorating Ltd

Key Facts

Net Assets

Current: £14,704

Previous: £15,043

Change: -339 (-2.3%)

Comment: Slight decline in net assets and liabilities.

Current Assets

Current: £13,925

Previous: £14,899

Change: -£974 (-6.5%)

Comment: Current assets decreased slightly.

Cash

Current: £7,543

Previous: £10,015

Change: -£2,472 (-24.7%)

Comment: Cash reserves weakened noticeably.

Creditors 1 Year

Current: £11,671

Previous: £8,356

Change: +£3,315 (+39.7%)

Comment: Short‑term creditors increased significantly.

Net Current Assets Liabilities

Current: £2,254

Previous: £6,543

Change: -£4,289 (-65.6%)

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

Fixed Assets

Current: £12,450

Previous: £8,500

Change: +£3,950 (+46.5%)

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: 1

Previous: 1

Change: +0 (+0%)

Comment: No change in team size.