S Spot Limited

S Spot Limited, based in London, UK, is a small, active company founded four years ago in 2021. Employing just two people, it holds £142,091 in assets and generates £25,485 in yearly revenue. The company operates from a virtual address – a fact highlighted by the presence of 8933 other companies registered at the same location – and is overseen by two directors and two owners. It’s a fairly standard setup for a small enterprise.

The business focuses on retail sales via mail order and online, as well as other retail channels that aren't stores, stalls, or markets. Its website, though currently unavailable, suggests a focus on accessible retail options. The company’s small size—meeting two of three conditions to be considered small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees)—allows for flexibility, but also presents challenges.

Financially, S Spot Limited’s picture is mixed. Cash bank on hand has seen a dramatic increase of 26,000%, jumping to £140,000, which is a really good sign. However, net assets have decreased by 69%, now standing at -£50,000. This suggests the company has been investing heavily, or perhaps taking on debt. Operating profit loss also remains negative, at -£20,000, although it’s a slight improvement from the previous year. Trade creditors have increased by 3.5%, which could indicate the company is relying more on credit from suppliers. The company’s turnover has decreased by 15% to £25,000, which is something to keep an eye on. The company has been investing in its computer equipment, with accumulated depreciation increasing by 79%.

There’s no auditor mentioned in the financial report, which is common for small companies exempt from an audit. The unaudited nature of the figures means they should be viewed with a degree of caution, but they do provide a snapshot of the company’s current financial state. It seems like S Spot Limited is burning through money, but the significant increase in cash reserves suggests it has resources to weather the storm, for now.

Registered in England/Wales under the registration number 13145055, with a registered address at WC2A 2JR, England, London, 7 Bell Yard.

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