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Trance Party Ltd

15200121

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

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

Details

C/O TFA ACCOUNTANTS LIMITED ARENA BUSINESS CENTRE, POOLE, BH17 7FJ
Incorporated 10/10/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

90020
Support activities to performing arts

Officers

Mr Joshua James Leary

director · Since 10/10/2023

MUSICIAN

BRITISH · UNITED KINGDOM · Age 37

Also on 2 other boards

Mr Russell Smith

director · Since 10/10/2023

MARKETING DIRECTOR

BRITISH · UNITED KINGDOM · Age 36

Mr John Edwin Turnill

director · Since 10/10/2023

MARKETING MANAGER

BRITISH · ENGLAND · Age 35

Also on 1 other board

Persons with Significant Control

Mr Russell Smith

25–50% shares
25–50% votes

British · United Kingdom · Age 36

C/O Tfa Accountants Limited Arena Business Centre, Holyrood Close, Poole, BH17 7FJ

Notified 10/10/2023

Mr John Edwin Turnill

25–50% shares
25–50% votes

British · England · Age 35

C/O Tfa Accountants Limited Arena Business Centre, Holyrood Close, Poole, BH17 7FJ

Notified 10/10/2023

Mr Joshua James Leary

25–50% shares
25–50% votes

British · United Kingdom · Age 37

C/O Tfa Accountants Limited Arena Business Centre, Holyrood Close, Poole, BH17 7FJ

Notified 10/10/2023

CompanyRankvs 4410+ SIC 90020 peers
59

Financial strength76th percentile among SIC peers · 19/25
Employees13th percentile among SIC peers · 2/15
LiquidityCurrent ratio 4.57× · 20/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength19/25 pts

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

Employees2/15 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.

Longevity3/15 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 31/10/2024

Net Worth

£17k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£18k

Working capital

Current Assets

£23k

Current Liabilities

£5k

0avg. employees

Balance Sheet

Assets less current liabilities£18k

EstimatesDerived

YearCurrent Ratio
20244.57

Derived from filed accounts. Not audited figures.