Rags Lincoln Ltd

Key Facts

Net Assets

Current: £118,571

Previous: £196,184

Change: -77,613 (-39.6%)

Comment: Substantial drop in net assets and liabilities.

Current Assets

Current: £175,910

Previous: £255,019

Change: -£79,109 (-31%)

Comment: Current assets fell significantly.

Cash

Current: £103,426

Previous: £101,997

Change: +£1,429 (+1.4%)

Comment: Cash increased slightly.

Creditors 1 Year

Current: £60,599

Previous: £8,292

Change: +£52,307 (+630.8%)

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

Net Current Assets Liabilities

Current: £115,311

Previous: £200,685

Change: -£85,374 (-42.5%)

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

Fixed Assets

Current: £4,025

Previous: £4,736

Change: -£711 (-15%)

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: 3

Previous: 3

Change: +0 (+0%)

Comment: No change in team size.