Palace Nails Ltd

Key Facts

Net Assets

Current: £7,313

Previous: £10,818

Change: -3,505 (-32.4%)

Comment: Substantial drop in net assets and liabilities.

Current Assets

Current: £31,021

Previous: £29,305

Change: +£1,716 (+5.9%)

Comment: Current assets increased slightly.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £28,050

Previous: £23,879

Change: +£4,171 (+17.5%)

Comment: Short‑term creditors rose noticeably.

Net Current Assets Liabilities

Current: £2,971

Previous: £5,426

Change: -£2,455 (-45.2%)

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

Fixed Assets

Current: £4,342

Previous: £5,392

Change: -£1,050 (-19.5%)

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: 3

Previous: Not reported

Comment: Not reported