Photography Works Limited

Key Facts

Net Assets

Current: £1,259

Previous: £1,035

Change: +224 (+21.6%)

Comment: Healthy growth in net assets and liabilities.

Current Assets

Current: £22,979

Previous: £31,059

Change: -£8,080 (-26%)

Comment: Current assets reduced noticeably.

Cash

Current: £99

Previous: £9,029

Change: -£8,930 (-98.9%)

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

Creditors 1 Year

Current: £29,615

Previous: £7,500

Change: +£22,115 (+294.9%)

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

Net Current Assets Liabilities

Current: £6,636

Previous: £1,366

Change: +£5,270 (+385.8%)

Comment: Net current assets rose sharply, indicating a strong improvement in working capital.

Fixed Assets

Current: £6,638

Previous: £8,851

Change: -£2,213 (-25%)

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: 4

Previous: 4

Change: +0 (+0%)

Comment: No change in team size.