Smith Decorating Ltd

Key Facts

Net Assets

Current: £15,055

Previous: £19,810

Change: -4,755 (-24%)

Comment: Noticeable reduction in net assets and liabilities.

Current Assets

Current: £17,834

Previous: £13,930

Change: +£3,904 (+28%)

Comment: Current assets grew moderately.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £27,542

Previous: £34,742

Change: -£7,200 (-20.7%)

Comment: Short‑term creditors reduced noticeably.

Net Current Assets Liabilities

Current: £2,500

Previous: £6,050

Change: -£3,550 (-58.7%)

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

Fixed Assets

Current: £14,987

Previous: £20,982

Change: -£5,995 (-28.6%)

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: 2

Previous: 2

Change: +0 (+0%)

Comment: No change in team size.