Smiths Repair & Mot Ltd

Key Facts

Net Assets

Current: £10,292

Previous: £1,521

Change: +8,771 (+576.7%)

Comment: Significant rise in net assets and liabilities.

Current Assets

Current: £58,811

Previous: £55,458

Change: +£3,353 (+6%)

Comment: Current assets increased slightly.

Cash

Current: £6,370

Previous: £14,290

Change: -£7,920 (-55.4%)

Comment: Cash fell significantly, reducing short‑term liquidity.

Creditors 1 Year

Current: £54,393

Previous: £35,870

Change: +£18,523 (+51.6%)

Comment: Short‑term creditors increased significantly.

Net Current Assets Liabilities

Current: £39,492

Previous: £17,784

Change: +£21,708 (+122.1%)

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

Fixed Assets

Current: £25,193

Previous: £19,607

Change: +£5,586 (+28.5%)

Comment: Fixed assets grew steadily.

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.