Mikrols Ltd

Mikrols Ltd from London UK: a small, active company founded three years ago, operates from a virtual address and is led by a solo founder and director. It’s a private limited company with a single owner, Mohammed Mohammed, and has been importing toys, games, and sports equipment irregularly—just one month's worth of imports recorded as of June 2024. The company’s activities center around acting as agents involved in the sale of a variety of goods.

While the company’s registered address is listed as 128 City Road, EC1V 2NX, London, it’s likely a virtual address, as 3,644 other companies are also registered there. This suggests Mikrols Ltd is a lean operation, meeting the criteria for a small company: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company’s website is not available.

Financially, Mikrols Ltd’s latest accounts, filed in July 2024, present a mixed picture. Cash reserves have dramatically increased, jumping 7,400% to £21,000—a positive sign. However, net assets remain negative at -£4,600, and liabilities have also increased, with creditors up 660% to £25,000. Trade payables have also seen a significant rise, increasing by an unconfirmed amount. Loans from directors have also increased by 62%. The company’s unaudited accounts, prepared using Taxfiler software and reviewed by Rivia Solution Accountants, indicate a small entity applying FRS 102 Section 1A.

The sharp increase in cash reserves could indicate a recent influx of funds, perhaps from a new client or a successful sales period. The rising liabilities, however, suggest the company may be relying on credit to sustain its operations. It’s possible the company is still in a growth phase, reinvesting profits to expand its business—but the negative equity raises some questions.

Registered in England/Wales under the registration number 13916681, with a registered address at EC1V 2NX, England, London, 128 City Road.

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