I Smoke Time Uk Limited

I Smoke Time Uk Limited is a small, active company based in Southall, UK, established ten years ago in 2015. With seven employees and £2,196,983 in assets, it’s a solo-founded operation run by a single director and owner. The company operates an e-commerce site selling a range of goods, and is a regular importer of electrical machinery and equipment, with 56 months of import activity recorded, the last in May 2022. Its registered address is real, with only one other company registered at the same location.

The company's website, Secret Records, is a vibrant online store specializing in vinyl records, CDs, and merchandise across a diverse range of genres including blues, rock, jazz, and reggae. It caters to music enthusiasts with a curated selection of both classic and contemporary artists. The site boasts a "Family Artists" section, highlighting independent labels and musicians, and emphasizes its commitment to quality and customer service. It’s clear they are passionate about music.

Financially, I Smoke Time Uk Limited presents a mixed picture. Cash bank on hand has fallen significantly, dropping 68% to £170,000, while creditors have decreased by 20% to £1,500,000. Current assets have also seen a decline, falling 12% to £2,200,000. However, equity has increased by 17% to £710,000, and net assets have also risen by 17% to £710,000. Trade debtors have increased by 14% to £840,000, which could indicate a growth in sales but also potential payment delays. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible. As a small company, it is exempt from an audit, and the figures are unaudited.

Overall, I Smoke Time Uk Limited appears to be navigating a period of change. While cash reserves have shrunk, improvements in equity and net assets suggest a potential for future growth. The company’s focus on its e-commerce platform and niche market positions it well for continued success, but keeping an eye on debtor payments will be important.

Registered in England/Wales under the registration number 09480743, with a registered address at UB2 5FB, England, Southall, Middlesex, Unit 5c Beavers Industrial Estate, Brent Road.

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