Philips Accountants Southgate Ltd

Key Facts

Net Assets

Current: £4,212

Previous: £8,480

Change: -4,268 (-50.3%)

Comment: Substantial drop in net assets and liabilities.

Current Assets

Current: £157,687

Previous: £172,006

Change: -£14,319 (-8.3%)

Comment: Current assets decreased slightly.

Cash

Current: £40,887

Previous: £49,906

Change: -£9,019 (-18.1%)

Comment: Cash reserves weakened noticeably.

Creditors 1 Year

Current: £8,985

Previous: £10,496

Change: -£1,511 (-14.4%)

Comment: Short‑term creditors reduced noticeably.

Net Current Assets Liabilities

Current: £389

Previous: £14,966

Change: -£14,577 (-97.4%)

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

Fixed Assets

Current: Not reported

Previous: Not reported

Comment: Not reported

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: 8

Previous: 8

Change: +0 (+0%)

Comment: No change in team size.