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Magical Napkins West Ltd

15515872

active
Private Limited Company
england wales
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

C/O SMITH KING & CO., HARROW, HA3 0HQ
Incorporated 23/02/2024

Compliance

Last accounts

28/02/2025

total exemption full

Next accounts due

30/11/2026

On track

Confirmation statement

Last: 10/07/2025

Due 24/07/2026

On track

Industry

56101
Licensed restaurants
56103
Take-away food shops and mobile food stands

Officers

Mr Prashant Narendrabhai Patel

director · Since 23/02/2024

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 41

Also on 8 other boards

Persons with Significant Control

Mr Hemantkumar Govindbhai Patel

50–75% shares
50–75% votes
Appoint directors

Indian · England · Age 47

7a, Neeld Parade, Wembley, HA9 6QU

Notified 23/02/2024

Mr Vikramkumar Kanubhai Patel

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

British · England · Age 41

57, Mornington Road, Greenford, UB6 9HN

Notified 23/02/2024

Former PSCs

Mr Prashant Narendrabhai Patel

Ceased 01/12/2024

CompanyRankvs 28198+ SIC 56101 peers
21

Financial strength12th percentile among SIC peers · 3/25
Employees60th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.15× · 2/20
Longevity2 years trading (max 15) · 2/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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28198Magical Napkins West Ltd
31
How is this score calculated?
Financial strength3/25 pts

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

Employees9/15 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.

Longevity2/15 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

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. 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 28/02/2025

Net Worth

-£60k

Balance sheet strength

Cash

£19k

Cash in the bank

Net Current Assets

-£221k

Working capital

Current Assets

£38k

Current Liabilities

£259k

Fixed Assets

£161k

Debtors

£19k

7avg. employees

Balance Sheet

Assets less current liabilities-£60k
Signed by Mr Prashant Patel 12th November 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20250.15

Derived from filed accounts. Not audited figures.