Iak Accountants And Consultants Limited

Key Facts

Net Assets

Current: £698

Previous: £5,011

Change: -4,313 (-86.1%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £32,705

Previous: £34,985

Change: -£2,280 (-6.5%)

Comment: Current assets decreased slightly.

Cash

Current: £6,460

Previous: £2,903

Change: +£3,557 (+122.5%)

Comment: Cash rose sharply, indicating a strong improvement in liquidity.

Creditors 1 Year

Current: £23,159

Previous: £19,419

Change: +£3,740 (+19.3%)

Comment: Short‑term creditors rose noticeably.

Net Current Assets Liabilities

Current: £9,546

Previous: £15,566

Change: -£6,020 (-38.7%)

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

Fixed Assets

Current: £8,370

Previous: £13,570

Change: -£5,200 (-38.3%)

Comment: Fixed assets fell significantly.

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.