Burning Shed Limited

Burning Shed Ltd from Norwich UK: a small, active company established nineteen years ago, employs eighteen people, and holds £588,328 in assets. It's a real address with three directors and two owners, operating an e-commerce site. The company regularly imports and exports electrical machinery and equipment – importing for three months and exporting for seven.

The company’s core business involves wholesale and retail of audio tapes, records, CDs, and video tapes, along with the equipment used to play them. It operates via mail order and internet sales. A website, Burning Shed, showcases a diverse range of products, from vintage audio equipment to modern music formats. It's a tight-knit operation, with a focus on customer service and a broad product selection.

Financially, Burning Shed Ltd presents a mixed picture. Accumulated depreciation on computer equipment increased by 15%, while furniture fittings saw a smaller increase of 4.8%. Bank borrowings for directors surged by a significant 860%, reaching £31,000, and cash reserves fell by 8.9% to £300,000. Creditors increased by a substantial 100%, reaching £430,000, and trade debtors grew by 68%. Equity decreased by 37%, to £180,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the equity decline raises questions. The lack of an auditor (likely exempt as a small company) means the figures are unaudited.

The company's financial data suggests it's facing some pressures, with increasing debt and decreasing equity. The rise in trade debtors could be a sign of delayed payments from customers, or perhaps an expansion of credit terms. The increase in creditors, however, suggests the company is relying more on borrowing to fund its operations. It’s a challenging situation, but the company’s established e-commerce presence and diverse product range could help it weather the storm.

Registered in England/Wales under the registration number 05740335, with a registered address at NR4 6FF, Norwich, Norfolk, Unit B, Yarefield Park Unit B, Yarefield Park, Old Hall Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.