Sphere 24 Ltd

SPHERE 24 LTD, based in Dorchester, UK, is a small, active company with a registered address and a single director. Established in 2021, the company employs just one person and holds £110,000 in current assets. While it doesn’s have a website, it’s registered address and the fact that it’s been trading for three years suggests a real, functioning business. The company's accounts are abridged and unaudited, exempt from an audit due to its size.

The company’s financial reports reveal a mixed picture. Cash reserves have increased dramatically, jumping 130% to £48,000, which is a positive sign. However, trade debtors have fallen by 24% to £55,000, potentially indicating slower payments from customers. Creditors have also decreased, falling by 28% to £28,000, which could be a sign of improved debt management. Equity, however, has plummeted 74%, leaving the company with a net asset liability of -£9,400. This suggests the company is burning through money, though the increased cash reserves offer some buffer.

The company’s retained earnings and accumulated losses have also taken a hit, decreasing by 74% to -£9,600. Despite these challenges, the company’s fixed assets remain steady at £26,000. The increase in total assets less current liabilities by 890% to £19,000 is a significant positive, but it’s important to note that these are unaudited figures. The lack of an auditor—common for small, exempt companies—means these numbers rely on the director’s reporting. It’s likely that SPHERE 24 LTD is in a startup phase, navigating early-stage financial pressures, but the increase in cash on hand provides some reassurance.

Registered in England/Wales under the registration number 07250468, with a registered address at DT2 8WP, Dorchester, Dorset, 40 Frome Valley Road, Crossways.

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