Grounded 1002 Ltd

Grounded 1002 Ltd is a small, active company from Haywards Heath, UK, founded four years ago. It’s a solo venture, run by a single director and owner, Sharma Neetu, and operates as an e-commerce site. The company employs just one person and uses a virtual address, registered with 284 other companies, which is a bit unusual.

The business specializes in the retail sale of cosmetic and toilet articles, both online and through mail order. Its website, Grounded 1002, promotes an "intuitive lifestyle" with products like copper body tools, Palo Santo incense, and coaching cards. It even offers workshops and personalized sessions, suggesting a focus on wellness and self-care. The site’s design is clean and modern, with a focus on high-quality photography and a user-friendly shopping experience.

Financially, Grounded 1002 Ltd presents a mixed picture. While cash reserves have increased dramatically, jumping 3000% to £18,000, the company is also carrying significant liabilities. Creditors have risen sharply, increasing by 89%, to £85,000, and net assets are down 57%, sitting at -£65,000. Amortisation of intangible assets has remained consistent, and the company’s small size (meeting two of three criteria for a small company) allows for flexibility. No auditor is mentioned, which is common for companies of this size.

The company's growth, while impressive in some areas, also suggests it's burning through cash to fuel its expansion. It's possible the increased spending is related to marketing efforts or inventory purchases to support the e-commerce platform. The reliance on a single owner and director also means the business is highly dependent on Sharma Neetu's expertise and dedication.

Registered in England/Wales under the registration number 13241025, with a registered address at RH16 3TP, England, Haywards Heath, West Sussex, 3rd Floor 21 Perrymount Road.

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