Happy Life Shopping Ltd

Happy Life Shopping Ltd from London UK: small company, active status, founded 7 years ago, 1 employee, virtual address, 1 director, 1 owner, solo founder, google rating 5.0 based on 2 reviews. 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, employees less than 50. The company operates in the retail sale via mail order houses or via internet, the other retail sale not in stores, stalls or markets, the other service activities n.e.c. industries. Officially, it has one owner or PSCs, one director, and one employee.

Happy Life Shopping Ltd's website is difficult to fully analyze without access, but it seems to focus on online retail. It’s likely an e-commerce business, selling goods directly to consumers through its website. The company's description suggests a broad range of products, encompassing retail sales via mail order and the internet, as well as other retail activities not conducted in physical stores. There’s no clear indication of a physical shopfront or brick-and-mortar presence, aligning with the virtual address.

Financially, Happy Life Shopping Ltd presents a mixed picture. While bank borrowings decreased slightly, cash reserves increased by a healthy 65% to £21,000, indicating improved liquidity. However, creditors have risen significantly – a 18% increase to £48,000 – which could signal increased reliance on short-term financing. Retained earnings and accumulated losses both decreased, resulting in a net assets liability of -£26,000. The company's small size and solo founder structure likely contribute to its agility, but the rising creditors suggest a need for careful financial management. The accounts are "filleted" and unaudited, relying on director-reported data. It’s likely that the company is burning through money, but not at a catastrophic rate. The lack of an auditor is common for small companies, but it does mean the figures aren't independently verified.

Registered in England/Wales under the registration number 11042285, with a registered address at N15 5EA, England, London, 151 West Green Road.

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