Paleta Kitchen Ltd

Key Facts

Net Assets

Current: £13,991

Previous: £15,216

Change: -1,225 (-8.1%)

Comment: Slight decline in net assets and liabilities.

Current Assets

Current: £44,130

Previous: £30,222

Change: +£13,908 (+46%)

Comment: Current assets increased significantly.

Cash

Current: £40,758

Previous: £3,306

Change: +£37,452 (+1132.8%)

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

Creditors 1 Year

Current: £68,058

Previous: £104,198

Change: -£36,140 (-34.7%)

Comment: Short‑term creditors fell significantly.

Net Current Assets Liabilities

Current: £23,928

Previous: £73,976

Change: -£50,048 (-67.7%)

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

Fixed Assets

Current: £58,472

Previous: £58,760

Change: -£288 (-0.5%)

Comment: Fixed assets decreased slightly.

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: 7

Previous: 10

Change: -3 (-30%)

Comment: Trimmed the team by 3 people.