Fonefunshop Limited

FoneFunShop Ltd, a small company with an active status, has been operating for 19 years, employing 12 people and holding £477,128 in assets. Based in Sheffield, it’s a family-run business with three directors and two owners. The company regularly imports and exports electrical machinery and equipment – 31 months of imports and 55 months of exports recorded. It has a real address, which is probably real as only one company registered at the address.

FoneFunShop's primary focus appears to be the repair and supply of mobile phones and related accessories. The website showcases a wide range of products, from screen protectors and cables to specialized tools and diagnostic equipment. It even offers training courses on phone repair techniques. The site is very active, with a lot of products and categories, and it seems to be a fully functioning e-commerce platform.

Financially, the company’s recent performance presents a mixed picture. Current assets have decreased by 14% to £480,000, while net assets have also fallen by 11% to £420,000. Cash bank on hand has seen a significant drop of 54%, falling to £140,000. Trade debtors have increased by a substantial 45%, reaching £19,000, which could indicate an increase in sales but also potential issues with collections. Creditors have decreased by 34%, suggesting improved management of short-term liabilities. Raw materials have increased by 33%, reaching £320,000, which could be a sign of increased production or stocking up. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s not required to have an audit, so the figures are unaudited.

It's clear that FoneFunShop is experiencing some financial pressures, with a significant decrease in cash reserves. However, the increase in raw materials and trade debtors suggests that the business is still active and generating sales. It’s possible that the company is investing in inventory to meet future demand, or that it’s extending credit terms to attract new customers.

Registered in England/Wales under the registration number 05624968, with a registered address at S9 4AE, 132 Handsworth Road, Sheffield.

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