London Gospel Music Company Cic

Key Facts

Net Assets

Current: £8,337

Previous: £3,209

Change: +5,128 (+159.8%)

Comment: Significant rise in net assets and liabilities.

Current Assets

Current: £13,162

Previous: £11,978

Change: +£1,184 (+9.9%)

Comment: Current assets increased slightly.

Cash

Current: £1,115

Previous: £752

Change: +£363 (+48.3%)

Comment: Cash increased significantly, improving short‑term liquidity.

Creditors 1 Year

Current: £686

Previous: £686

Change: +£0 (+0%)

Comment: No change in short‑term creditors.

Net Current Assets Liabilities

Current: £13,401

Previous: £9,501

Change: +£3,900 (+41%)

Comment: Net current assets increased significantly, improving short‑term solvency.

Fixed Assets

Current: £5,750

Previous: £6,978

Change: -£1,228 (-17.6%)

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: 6

Previous: 6

Change: +0 (+0%)

Comment: No change in team size.