Upside Down Records Ltd

Key Facts

Net Assets

Current: £4,846

Previous: £25,379

Change: -20,533 (-80.9%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £34,987

Previous: £44,513

Change: -£9,526 (-21.4%)

Comment: Current assets reduced noticeably.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £54,440

Previous: £87,791

Change: -£33,351 (-38%)

Comment: Short‑term creditors fell significantly.

Net Current Assets Liabilities

Current: £19,453

Previous: £43,278

Change: -£23,825 (-55.1%)

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

Fixed Assets

Current: £14,607

Previous: £17,899

Change: -£3,292 (-18.4%)

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: 3

Change: -1 (-33.3%)

Comment: Lost a team member.