Patricia Mcmahon Photography Limited

Key Facts

Net Assets

Current: £10,072

Previous: £50,906

Change: -40,834 (-80.2%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £128,376

Previous: £105,641

Change: +£22,735 (+21.5%)

Comment: Current assets grew moderately.

Cash

Current: £695

Previous: £53,260

Change: -£52,565 (-98.7%)

Comment: Cash dropped sharply, indicating a major decline in liquidity.

Creditors 1 Year

Current: £159,129

Previous: £107,732

Change: +£51,397 (+47.7%)

Comment: Short‑term creditors increased significantly.

Net Current Assets Liabilities

Current: £30,753

Previous: £2,091

Change: +£28,662 (+1370.7%)

Comment: Net current assets rose sharply, indicating a strong improvement in working capital.

Fixed Assets

Current: £41,100

Previous: £53,996

Change: -£12,896 (-23.9%)

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: 3

Change: +0 (+0%)

Comment: No change in team size.