Mag Accountants Limited

Key Facts

Net Assets

Current: £13,504

Previous: £742

Change: +12,762 (+1719.9%)

Comment: Significant rise in net assets and liabilities.

Current Assets

Current: £79,689

Previous: £53,607

Change: +£26,082 (+48.7%)

Comment: Current assets increased significantly.

Cash

Current: £52,040

Previous: £26,761

Change: +£25,279 (+94.5%)

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

Creditors 1 Year

Current: £73,230

Previous: £33,079

Change: +£40,151 (+121.4%)

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

Net Current Assets Liabilities

Current: £6,459

Previous: £19,730

Change: -£13,271 (-67.3%)

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

Fixed Assets

Current: £7,045

Previous: £14,091

Change: -£7,046 (-50%)

Comment: Fixed assets fell 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: 6

Previous: 4

Change: +2 (+50%)

Comment: Strengthening the team.