J & A Carpets Ltd

Key Facts

Net Assets

Current: £42,977

Previous: £98,667

Change: -55,690 (-56.4%)

Comment: Substantial drop in net assets and liabilities.

Current Assets

Current: £50,549

Previous: £55,307

Change: -£4,758 (-8.6%)

Comment: Current assets decreased slightly.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £102,285

Previous: £6,667

Change: +£95,618 (+1434.2%)

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

Net Current Assets Liabilities

Current: £51,736

Previous: £95,821

Change: -£44,085 (-46%)

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

Fixed Assets

Current: £9,884

Previous: £4,946

Change: +£4,938 (+99.8%)

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: 2

Previous: 3

Change: -1 (-33.3%)

Comment: Lost a team member.