I Love North Shields Cic
15785600
Healthy
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 18/06/2024
CREATIVE DIRECTOR
BRITISH · UNITED KINGDOM · Age 53
CompanyRankvs 171+ SIC 58130 peers52
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
income is recognised when the company is entitled to the funds, the amount can be measured reliably, and there is reasonable assurance that the conditions attached to the grant will be fulfilled. Going Concern: The directors have assessed the company’s ability to continue as a going concern and are satisfied that adequate resources are available to meet its obligations for the foreseeable futu
Key FinancialsYear ending 30/06/2025
Turnover
£8k
Annual revenue
Net Worth
£2k
Balance sheet strength
Cash
£2k
Cash in the bank
Profit Before Tax
£4k
Bottom line earnings
Net Current Assets
£2k
Working capital
Current Assets
£2k
Current Liabilities
£500
Fixed Assets
£1k
Cost of Sales
£2k
Gross Profit
£6k
Admin Expenses
£7k
Operating Profit
£4k
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2025 | 3.51 |
Derived from filed accounts. Not audited figures.