Shop & Cart Ltd

Shop & Cart Ltd is a small, active e-commerce company based in Sutton, UK, founded three years ago in November 2021. With a real address and just three employees, the company holds £24,131 in assets and is managed by one director and owner, Waqas Muhammad. It operates in the retail sale via mail order houses or via internet industries.

The company’s website, Shopncart Ltd, showcases a wide range of products, from children's toys and health & beauty items to food, drinks, and pet supplies. It’s clearly aiming for a broad appeal, offering free shipping on orders over £200 and emphasizing “brands you love at prices you love more.” The site also features a “Gift Ideas” section, suggesting a focus on seasonal shopping and presents.

Financially, Shop & Cart Ltd presents a mixed picture. While current assets have increased by 20%, net assets have plummeted by a staggering 820%, landing at -£6,000. Bank borrowings have surged, and cash reserves have shrunk considerably. Creditors have also increased significantly, suggesting a reliance on short-term financing. The company’s small size (meeting two of three conditions for a small company) helps it remain flexible, but the sharp decline in equity is concerning. It’s worth noting that the company is exempt from an audit, so the figures are unaudited.

The significant increase in amounts owed to directors, alongside the decrease in cash reserves, suggests the company may be burning through money. While the e-commerce site appears active, the financial data indicates a challenging period.

Registered in England/Wales under the registration number 13748317, with a registered address at SM1 2TB, England, Sutton, 85 Norman Road.

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