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Tonic Music For Mental Health Ltd

08093898

active
PRI/LTD BY GUAR/NSC (Private, limited by guarantee, no share capital)
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

LAKE HOUSE 2 PORT WAY, PORTSMOUTH, PO6 4TY
Incorporated 06/06/2012

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

86900
Other human health activities

Officers

Mr Richard Thomas Walters

director · Since 11/09/2024

DIRECTOR OF MARKETING AND COMMUNICATIONS

BRITISH · ENGLAND · Age 53

Mr David Mark Dearman

director · Since 15/10/2024

CHARTERED ACCOUNTANT

BRITISH · ENGLAND · Age 57

Dr John Stephen Barnes

director · Since 21/08/2025

RETIRED

BRITISH · ENGLAND · Age 65

Also on 1 other board

Persons with Significant Control

Miss Stephanie Jane Langan

Significant control

British · United Kingdom · Age 52

Lake House, 2 Port Way, Portsmouth, PO6 4TY

Notified 20/06/2017

CompanyRankvs 2065+ SIC 86900 peers
74

Financial strength85th percentile among SIC peers · 21/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 3.45× · 20/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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2065Tonic Music For Mental Health Ltd
84
How is this score calculated?
Financial strength21/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity14/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

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

2006. The financial statements have been prepared under the historical cost convention. The trustees consider that there are no material uncertainties regarding the charity's ability to continue as a going concern. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount ca

Key FinancialsYear ending 30/06/2022

Net Worth

£46k

Balance sheet strength

Cash

£8k

Cash in the bank

Net Current Assets

£17k

Working capital

Current Assets

£24k

Current Liabilities

£7k

Fixed Assets

£29k

Debtors

£8k

8avg. employees

People Costs

Wages & salaries£156k
NI contributions£5k

Balance Sheet

Assets less current liabilities£46k
Signed by S CurtisPrepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20223.45

Derived from filed accounts. Not audited figures.