Found In Music Limited
04865692
Healthy
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Miss Rachel Louise Meir
British · United Kingdom · Age 49
1-2 Rhodium Point, Spindle Close, Folkestone, CT18 7TQ
Notified 31/08/2020
Former PSCs
Julia Jones
Ceased 20/09/2022
CompanyRankvs 2896+ SIC 90020 peers54
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
Ireland" and the Companies Act 2006. 3. Accounting Policies 3.1. Basis of Preparation of Financial Statements The financial statements have been prepared under the historical cost convention. 3.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going
Key FinancialsYear ending 31/03/2025
Net Worth
£6k
Balance sheet strength
Cash
£73k
Cash in the bank
Net Current Assets
£6k
Working capital
Current Assets
£80k
Current Liabilities
£74k
Fixed Assets
£1k
Debtors
£7k
Tax at Year End
Director Loans
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2025 | 1.08 | -£24k | £343k |
| 2024 | 2.18 | -£11k | — |
| 2023 | 2.49 | -£59k | — |
| 2022 | 5.21 | +£90k | — |
| 2021 | 1.11 | — | — |
Derived from filed accounts. Not audited figures.