Magic Scarves Ltd

Magic Scarves Ltd, based in Plymouth, UK, is a small, active company established four years ago. With a single employee and £29,442 in assets, it operates as a solo-founder venture, managing an e-commerce site specializing in headwear. The company is a irregular importer, bringing in headgear and accessories for a few months, with the last shipment arriving in March 2023. It has a real address and is overseen by one director and owner, Chotilovskij Aleksandr.

The website, Magic Scarves, showcases a range of bandanas, neck warmers, and balaclavas, emphasizing quality and British craftsmanship. It's clear the company caters to outdoor enthusiasts, with a focus on cycling and other activities. The site’s blog and product descriptions highlight the scarves’ versatility and comfort, aiming to be a one-stop shop for headwear needs.

Financially, Magic Scarves Ltd presents a mixed picture. While cash bank on hand increased by a significant 140%, reaching £9,900, other inventories decreased by 12%, settling at £20,000. Creditors remained relatively stable, but accrued liabilities deferred income rose slightly to £1,200. The company's small size—meeting two of three criteria for a small company—allows for agility, but the decrease in other inventories suggests potential challenges in managing stock levels. The lack of an auditor mentioned (likely exempt due to its size) means the financial statements are unaudited. It's a little confusing how the company is doing, but it seems like it’s still in the early stages.

Registered in England/Wales under the registration number 12769910, with a registered address at PL4 7HH, England, Plymouth, 15 Sefton Close.

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