Javaid Communications Ltd

Javaid Communications Ltd from Bolton UK: small company, active status, founded 9 years ago, 1 employee, £32,665 assets, real address, 1 director, 1 owner, solo founder. It operates in the wholesale of radio, television goods & electrical household appliances, retail via mail order and internet, and packaging activities. The company’s website is currently unavailable, so it's difficult to assess its e-commerce presence.

The business is a small one, meeting two of the three criteria for classification: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. It’s run by a single director and owner, Javaid Muhammad Qamar, who also acts as the sole employee. The registered address is a real one, with only one other company registered at the same location.

Financially, Javaid Communications Ltd presents a mixed picture. Current assets are stable at £33,000, but equity has decreased to -£26,000, indicating accumulated losses. Cash reserves are a modest £960. Creditors remain consistent at £46,000, suggesting no major changes in debt obligations. Property, plant, and equipment have seen a dramatic decrease, with a 100% reduction in value, although this could be due to depreciation or asset sales. The company’s tax policy relies on the current tax payable and deferred tax.

While the company appears to be operating, the negative equity and low cash reserves suggest it's burning through money. The lack of employees and the solo founder model indicate a lean operation, but it also highlights the reliance on a single individual. Without an auditor mentioned, the financial statements are unaudited, so the figures should be viewed with caution. It's a small business, and it’s clear that Javaid Communications Ltd is navigating a challenging financial landscape.

Registered in England/Wales under the registration number 10055850, with a registered address at BL3 6SG, England, Bolton, 84 Rothwell Street.

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