Pay Smart Carpets Limited

Key Facts

Net Assets

Current: £566,374

Previous: £373,988

Change: +192,386 (+51.4%)

Comment: Strong increase in net assets and liabilities.

Current Assets

Current: £2,476,369

Previous: £2,157,519

Change: +£318,850 (+14.8%)

Comment: Current assets grew moderately.

Cash

Current: £41,003

Previous: £279,674

Change: -£238,671 (-85.3%)

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

Creditors 1 Year

Current: £2,041,038

Previous: £1,830,879

Change: +£210,159 (+11.5%)

Comment: Short‑term creditors rose noticeably.

Net Current Assets Liabilities

Current: £435,331

Previous: £326,640

Change: +£108,691 (+33.3%)

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

Fixed Assets

Current: £165,759

Previous: £104,748

Change: +£61,011 (+58.2%)

Comment: Fixed assets increased 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: 30

Previous: 25

Change: +5 (+20%)

Comment: Solid growth.