Stormz Community For Musical Arts Cic

Key Facts

Net Assets

Current: £8,732

Previous: £10,477

Change: -1,745 (-16.7%)

Comment: Noticeable reduction in net assets and liabilities.

Current Assets

Current: £5,382

Previous: £6,580

Change: -£1,198 (-18.2%)

Comment: Current assets reduced noticeably.

Cash

Current: £143

Previous: £5,346

Change: -£5,203 (-97.3%)

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

Creditors 1 Year

Current: £2,391

Previous: £1,901

Change: +£490 (+25.8%)

Comment: Short‑term creditors rose noticeably.

Net Current Assets Liabilities

Current: £2,991

Previous: £4,679

Change: -£1,688 (-36.1%)

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

Fixed Assets

Current: £5,741

Previous: £5,798

Change: -£57 (-1%)

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: 3

Previous: 3

Change: +0 (+0%)

Comment: No change in team size.