Reason Season Time Ltd

Reason Season Time Ltd, based in Northwood, UK, is a small, active company founded twelve years ago in 2012. With £11,951 in assets and a real address at 64 Closemead Close, it’s a business managed by two directors and a single owner. The company operates as an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, though its import activity has been minimal, with just one month of imports recorded back in 1996.

The company’s core business involves wholesale of furniture, carpets and lighting equipment. It's a small operation, meeting two of three criteria to be classified as such: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Its website, while not detailed, suggests a focus on B2B sales within the UK.

Financially, Reason Season Time Ltd presents a mixed picture. Accumulated amortisation impairment intangible assets has remained steady, but average number of employees during the period has been zero. Bank borrowings are stable at £2,000 overdraft and £8,400 non-financial instruments. Creditors remain consistent at £89,000, while cash bank on hand is £1,200. Current assets are £12,000, and net assets are -£86,000. The company’s negative equity suggests it’s operating at a loss, and the lack of cash reserves could be a concern. It's not clear why the company has such a low cash balance.

The company is exempt from audit, relying on unaudited financial statements. While the small size allows for agility, the negative equity and low cash balance warrant closer attention. It’s likely the company is burning through money, but without more information, it's difficult to say if this is a temporary situation or a longer-term trend.

Registered in England/Wales under the registration number 08172530, with a registered address at HA6 2RZ, England, Northwood, 64 Closemead Close.

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