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Frictionless Technologies Ltd

13368384

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Negative net worth (-10)

Details

124 CITY ROAD, LONDON, EC1V 2NX
Incorporated 30/04/2021

Compliance

Last accounts

31/03/2025

micro entity

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 29/04/2025

Due 13/05/2026

Overdue

Industry

58290
Other software publishing

Officers

Mr Urvesh Vasani

director · Since 30/04/2021

CO-FOUNDER

BRITISH · ENGLAND · Age 31

Mr Devansh Vasani

director · Since 31/01/2022

CO-FOUNDER

INDIAN · CANADA · Age 34

Persons with Significant Control

Mr Urvesh Vasani

25–50% shares
25–50% votes
Appoint directors

Indian · England · Age 31

124, City Road, London, EC1V 2NX

Notified 30/04/2021

Mr Devansh Vasani

25–50% shares
25–50% votes
Appoint directors

Indian · Canada · Age 34

124, City Road, London, EC1V 2NX

Notified 31/01/2022

CompanyRankvs 5383+ SIC 58290 peers
35

Financial strength3th percentile among SIC peers · 1/25
Employees77th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.2× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
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5383Frictionless Technologies Ltd
35
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.

Employees12/15 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.

Longevity5/15 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.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/03/2025

Turnover

£31k

Annual revenue

Net Worth

-£175k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£97k

Working capital

Current Assets

£24k

Current Liabilities

£121k

Fixed Assets

£58k

Profit After Tax

-£52k

2avg. employees

Balance Sheet

Assets less current liabilities-£97k
Signed by 1.4.24Prepared with Company Accounts and Tax Online

EstimatesDerived

YearCurrent RatioImplied Profit
20250.20-£186k
20240.02—
20230.04—

Derived from filed accounts. Not audited figures.