Simply Katy Ltd

Simply Katy Ltd is a small, active company based in Newcastle, UK, founded four years ago in 2020. It’s a solo founder operation with one director and one owner, operating an e-commerce site. The company holds £71,769 in assets and uses a virtual address, registered at 98 Lancaster Road, ST5 1DS – a location shared by sixty-three other companies.

Simply Katy Ltd operates in the retail sale via mail order houses or via internet, and the artistic creation industries. Its website showcases a wide range of products, from bookmarks and jigsaw puzzles to enamel pins and tea towels, all available in a variety of currencies. The site’s design is clean and user-friendly, with a focus on visually appealing product photography and easy navigation. It’s a pretty good site, really.

Financially, Simply Katy Ltd’s numbers show a bit of a mixed bag. Cash bank on hand increased by 57% to £66,000, which is good news. However, creditors rose significantly by 86%, reaching £52,000, and taxation social security payable increased by 84% to £16,000. The company’s net assets remained stable at £25,000. Plant machinery depreciation increased by 42%, and total inventories grew by 30%. It’s a small company, meeting two of three conditions for being considered small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees). There’s no auditor mentioned, which is common for small companies.

Overall, Simply Katy Ltd seems to be navigating a period of growth, but with increased financial obligations. Whether it can maintain this momentum remains to be seen, but the company’s focus on unique products and a strong online presence positions it well for future success.

Registered in England/Wales under the registration number 12839770, with a registered address at ST5 1DS, England, Newcastle, 98 Lancaster Road.

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