My Accountancy Services Essex Ltd

Key Facts

Net Assets

Current: £18,007

Previous: £22,517

Change: -4,510 (-20%)

Comment: Noticeable reduction in net assets and liabilities.

Current Assets

Current: £42,534

Previous: £31,125

Change: +£11,409 (+36.7%)

Comment: Current assets increased significantly.

Cash

Current: £33,009

Previous: £24,755

Change: +£8,254 (+33.3%)

Comment: Cash increased significantly, improving short‑term liquidity.

Creditors 1 Year

Current: £22,631

Previous: £8,018

Change: +£14,613 (+182.3%)

Comment: Short‑term creditors rose sharply, indicating higher short‑term liabilities.

Net Current Assets Liabilities

Current: £38,841

Previous: £26,940

Change: +£11,901 (+44.2%)

Comment: Net current assets increased significantly, improving short‑term solvency.

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: 3

Previous: 1

Change: +2 (+200%)

Comment: Strengthening the team.