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Basic Sense Limited

11426200

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)

Details

UNIT 11, 5 WADSWORTH ROAD, GREENFORD, UB6 7JD
Incorporated 21/06/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47190
Other retail sale in non-specialised stores

Officers

Mr Joon Goo Jung

director · Since 21/06/2018

BUSINESSMAN

SOUTH KOREAN · ENGLAND · Age 53

Persons with Significant Control

Mr Joon Goo Jung

75–100% shares
75–100% votes
Appoint directors

South Korean · England · Age 53

Unit 11,, 5 Wadsworth Road, Greenford, UB6 7JD

Notified 21/06/2018

CompanyRankvs 14549+ SIC 47190 peers
27

Financial strength2th percentile among SIC peers · 1/25
Employees74th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.23× · 2/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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14549Basic Sense Limited
37
How is this score calculated?
Financial strength1/25 pts

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

Employees11/15 pts

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

Liquidity2/20 pts

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

Longevity8/15 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

the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention. Going concern In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s

Key FinancialsYear ending 30/06/2025

Net Worth

-£166k

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

-£186k

Working capital

Current Assets

£57k

Current Liabilities

£242k

Fixed Assets

£26k

Debtors

£17k

3avg. employees

Tax at Year End

VAT£49k

Director Loans

Company owes directors£88k

Balance Sheet

Assets less current liabilities-£159k
Signed by Mr J Jung,Prepared with IRIS Elements Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20250.23+£6k£970k
20240.40+£368—
20230.90+£31k—
2022—-£132k—
20210.31——

Derived from filed accounts. Not audited figures.