The Fireplace Lounge Ltd

Key Facts

Net Assets

Current: £3,103

Previous: £999

Change: +2,104 (+210.6%)

Comment: Significant rise in net assets and liabilities.

Current Assets

Current: £32,394

Previous: £25,273

Change: +£7,121 (+28.2%)

Comment: Current assets grew moderately.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £97,742

Previous: £1,755

Change: +£95,987 (+5469.3%)

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

Net Current Assets Liabilities

Current: £62,964

Previous: £63,752

Change: -£788 (-1.2%)

Comment: Net current assets decreased slightly.

Fixed Assets

Current: £60,906

Previous: £65,553

Change: -£4,647 (-7.1%)

Comment: Fixed assets decreased slightly.

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: 5

Previous: 6

Change: -1 (-16.7%)

Comment: Lost a team member.