Digital Stores Limited

Digital Stores Limited is a small, active company based in Warrington, UK, founded four years ago on April 21, 2020. With £457 in assets and a real address at 571 Winwick Road, it operates with two directors and two owners. The company’s status is active, and it’s classified as a small business, meeting two of the three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company operates in the retail sale via mail order houses or via internet industries.

The company’s website, while not explicitly detailed in the report, suggests a focus on e-commerce, likely selling goods online. It’s difficult to ascertain the specifics of their product range without further investigation, but the retail focus indicates a direct-to-consumer model.

Financially, Digital Stores Limited presents a concerning picture. Cash bank on hand has plummeted by 90%, dropping from £4,800 to a mere £460. Current assets have also seen a significant decrease, falling 95% to £460. Liabilities have also increased, with accrued liabilities deferred income remaining steady at £360, but other creditors dropping from £10,000 to £1,800. Equity has also decreased, with net assets and liabilities both dropping by 19%. While creditors have decreased by 78%, the sharp decline in cash reserves and current assets suggests the company is struggling to manage its finances. The company is likely exempt from an audit due to its size, so the figures are unaudited. It's not clear why the company’s bank balance has fallen so dramatically, but it could be due to increased spending or a slowdown in sales. The directors, Berbeck Mark and Loomba Priya, will need to address these issues quickly to ensure the company’s long-term survival.

Registered in England/Wales under the registration number 12565682, with a registered address at WA2 8QE, England, Warrington, 571 Winwick Road.

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