Scotty's Bits Ltd

Scotty S Bits Ltd is a small, active company based in London, UK, founded five years ago. It’s a solo venture, run by a single director and owner, employing just one person and holding £8 in assets. The company operates in the retail sale via mail order houses or via internet industries.

The business’s website, Scotty's Little Soldiers, is dedicated to supporting bereaved military children. It focuses on fundraising, awareness campaigns, and providing essential support to families impacted by the loss of a parent in the Armed Forces. The site features a pledge system, donation options, and stories from military children, all aimed at generating funds and volunteers. It's clear the company's primary focus is charitable work, with the e-commerce aspect likely serving as a fundraising tool.

Financially, Scotty S Bits Ltd presents a complex picture. While net assets have plummeted by a staggering 91%, falling from £6,600 to just £620, this is partly due to a significant decrease in retained earnings. Cash bank on hand, however, has risen by 60% to £8, which is a positive sign. Trade creditors have increased dramatically, rising 57,000% to £4,000—potentially reflecting increased purchasing to support its charitable activities. The company’s small size (meeting two of three conditions for a small company) means it's exempt from an audit, and the figures are unaudited.

The sharp decline in equity, despite the rise in cash, suggests the company may be reinvesting heavily in its charitable programs. The significant increase in creditors could indicate a reliance on trade credit to fund operations. While the company's mission is laudable, the financial data suggests it's operating on a tight budget and may be vulnerable to funding fluctuations.

Registered in England/Wales under the registration number 12063325, with a registered address at N14 7AL, United Kingdom, London, 138 Morton Way.

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