Iles Industries Ltd

ILES INDUSTRIES LTD, based in Dartford, UK, is a small, active company with a real registered address and a trading status. Founded in 2013, the company employs twelve people and holds £30,000 in assets. With three directors at the helm, it’s a fairly established operation. The company’s accounts are unaudited and exempt from audit, prepared by CCH Software.

The company's website, ILES INDUSTRIES LTD, is not particularly detailed, offering little information about its core business beyond a general description of “No description of principal activity.” The accounts do, however, state that the company is subject to the small companies regime for accounts. The company’s accounts have been prepared in accordance with FRS 102.

Financially, ILES INDUSTRIES LTD is showing some concerning trends. Cash bank on hand has fallen by 51% to just £3,500, and net current assets and liabilities have increased by a significant 130% to -£30,000. Creditors have also decreased substantially, with current financial instruments dropping by 12% and non-financial instruments plummeting by 86%. Debtors have decreased by 23%, and retained earnings have fallen by a hefty 69%. Property, plant, and equipment have also decreased by 12%, although the increase from depreciation charge for the year remained consistent.

The company's decline in equity and cash reserves, coupled with a negative net current assets position, suggests it's burning through money. The decrease in creditors could be a positive sign of better debt management, but the overall picture indicates financial strain. The lack of an auditor mentioned (due to its small size) means these figures are unaudited, and the company’s future depends on its ability to stabilize its finances. It’s likely that the company is facing challenges in generating sufficient revenue to cover its expenses, and it’s important to monitor its performance closely.

Registered in England/Wales under the registration number 06595123, with a registered address at CH1 1DA, England, Chester, Popcorn, Unit 4, The Exchange, St. John Street.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
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