Comics And Cocktails Ltd

Comics And Cocktails Ltd from Wolverhampton UK is a small, active company founded five years ago. With three employees and £626,667 in assets, it operates an e-commerce site and has two directors and two owners. The company’s registered address is real, with only one other company registered at the same location. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50.

The business focuses on retail sale via stalls and markets of other goods, as well as mail order and internet sales. Allman Natalie and Morgan Jeffrey are both directors and owners of the company. The company was incorporated on September 20, 2019, and operates from 10 Coldridge Close, Pendeford, Wolverhampton.

Looking at the financials, there's a mixed picture. Cash reserves have increased significantly by 50%, reaching £270,000, which is a positive sign. However, current assets have decreased by 6.1%, settling at £630,000. Trade debtors have fallen dramatically, down 87%, to just £4,600, which could indicate improved collection practices or a shift in sales strategy. Creditors have also decreased by 7.2%, to £360,000, suggesting better management of short-term liabilities. A notable increase in bank borrowings, up 37%, to £17,000, could indicate investment or working capital needs. The company's net assets have increased by 17%, to £130,000.

The sharp decline in intangible assets, down 57%, to £3,400, is worth noting. This could be due to amortization or impairment charges, and it's something to keep an eye on in future reports. The company is exempt from an audit as a small company, so the figures are unaudited. It’s likely that the company has been working hard to manage its expenses, as evidenced by the decrease in other creditors, down 100%, to zero. The company’s success will depend on maintaining its strong cash position and continuing to improve its debt management.

Registered in England/Wales under the registration number 12217278, with a registered address at WV8 1XZ, United Kingdom, Wolverhampton, West Midlands, 10 Coldridge Close, Pendeford.

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